Blue Biotechnology Market Scope
Blue biotechnology also known as blue biotech, includes biological materials that originate from the aquatic environment, freshwater, and marine. The term ‘Blue Biotechnology’ can be classified into two sub- terms; Blue comes from the color of the water from oceans and Biotechnology is the study of biological processes, organisms, and systems to make products that increase the quality of human life. Blue Biotechnology is the function of Biotechnology to marine resources at a molecular level to extract active new ingredients or research & develop new drugs and similar other products. The rising need for Blue Biotechnological products in the pharmaceutical sector for manufacturing drugs and medicines for the different type of diseases in human beings is busting the growth of this market. Drug discovery is one of the most promising outcomes of marine biotechnology research due to the use of bio chemicals produced by marine organisms such as algae, bacteria and other invertebrates, for manufacturing new classes of medicines. Increasing demand of marine biotechnology products, increasing application of marine biotechnology in healthcare and extensive research and development activities drives the growth of this market globally.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Sea Run Holdings, Inc.(United States), PICES (Canada), Donald Danforth Plant Science Center (United States), Shell Marine Products (United States), Aker BioMarine (Norway), Marinova (Australia), New England Biolabs (United States), PML Applications Ltd. (United Kingdom), GeoMarine Biotechnologies (India) and GlycoMar (Scotland) |
CAGR | % |
Global blue biotechnology market consists of few established players accounting for the major market shares. To date, however, only one percent of biotech companies are engaged in blue biotechnology. The entry of private-labels in the market is expected to increase the competition levels in forecast years. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Blue Biotechnology market throughout the predicted period.
Sea Run Holdings, Inc.(United States), PICES (Canada), Donald Danforth Plant Science Center (United States), Shell Marine Products (United States), Aker BioMarine (Norway), Marinova (Australia), New England Biolabs (United States), PML Applications Ltd. (United Kingdom), GeoMarine Biotechnologies (India) and GlycoMar (Scotland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Aker BioMarins (Norway), Samudra Biopharma Pvt. Ltd (India), Sanosil Biotech (India), Cellgen Biologicals Pvt Ltd. (India) and Nurture Aqua Technology Pvt. Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Blue Biotechnology market by Type , by Application (Vaccine development, Drug finding, Genomics and Others) and Region with country level break-up.
On the basis of geography, the market of Blue Biotechnology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In June 2023, Blue Water Biotech collaborated with IQVIA to build a medical sales representative team to market a commercial product portfolio. The medication, which is used to treat benign prostatic hyperplasia and prevent thrombotic cardiovascular events in people with peripheral artery disease or a history of myocardial infarction, respectively, stands out in this portfolio.
In March 2024, Aker BioMarine, a Norwegian company, introduced FloraMarine, a plant-based, algae-derived DHA omega-3 component. This high-strength DHA offers a clean, sustainable source, providing brands with a competitive advantage in meeting the growing customer demand for plant-based alternatives.
Influencing Trend:
Microalgae Incorporation Into Innovative Food Products
Market Growth Drivers:
Growing Issues Of Food Security And Water Availability and Ageing Population In Developed Economies
Challenges:
Stringent Regulations For Marine And Aquatic Ecosystem
Restraints:
Lack Of Awareness About The Usage Of Marine Microorganism
Opportunities:
Growing Demand Of Aquatic Biotechnology In Cosmetics Industry and Ongoing Research & Development In Blue Biotechnology
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Blue Biotechnology Providers, Venture Capitalists and Private Equity Firms, Government Regulatory, Research Organizations and End Use Industry