Blue Biotechnology Market Scope
Blue biotechnology also known as blue biotech, includes biological materials that originate from the aquatic environment, freshwater, and marine. Blue biotechnology is increasingly seen as a technical and commercially realistic direction of development and is a major sector of interest particularly in North America and the European Union. The blue biotechnology encourages the use of marine bioresources as the source of the biotechnological application. Increasing demand for organic cosmetics due to the side effects of synthetic makeup will supplement the market growth in the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
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.
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 (Bio-Engineering, Genomics, Vaccine Development, Drug Discovery 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 2021.
In July 2019, Archer Daniels Midland Company launched OnavitaAlgal DHA and AlmegaEPA blends via collaboration with Qualitas Health, a leader in algae cultivation. These products contain omega-3, 6 and 9
By 2020 European Union will develop and apply advanced tools, platforms and infrastructures and support to Marine Biotechnology to provide a significant contribution to addressing key societal challenges of the next decades in the areas of food and energy, development of novel drugs and treatments for human health and the sustainable use and management of the seas and oceans.
Blue Biotechnology Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Microalgae Incorporation Into Innovative Food Products
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Key Restraints | - Lack Of Awareness About The Usage Of Marine Microorganism
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Challenges | - Stringent Regulations For Marine And Aquatic Ecosystem
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Market Opportunities | - Growing Demand Of Aquatic Biotechnology In Cosmetics Industry
- Ongoing Research & Development In Blue Biotechnology
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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