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Asia-Pacific Marine Biotechnology Market Forecast 2017-2025

Asia-Pacific Marine Biotechnology Market Forecast 2017-2025

  • August 2017
  • ID: 5039873
  • Format: PDF
  • Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The Asia-Pacific marine biotechnology market is expected to growth at a CAGR of 5.66% during the forecast period of 2016-2025. The revenue generated by the market is anticipated to rise from $921million in 2016 and reach $ 1504 million by 2025.


MARKET INSIGHTS
The market finds its application in various fields such as of aquaculture, bioremediation, and biofuels. The market is mainly segmented on the type of products and end-users. The products segment is further divided into biomaterial, bioactive substances, and others whereas the end-users are segmented into industrial products, healthcare/biotechnology, consumer products, energy & infrastructure, etc. A large scale exports of marine food products dominate the Asia Pacific Marine biotechnology market with China being the world’s largest exporter of sea foods with over 12% of the total market share. Factors such as the huge amount of research prevailing for marine bio discovery and the new molecule identification methods are also expected to propel the market growth in this region.


COMPETITIVE INSIGHTS
Some of the major players in the market are Abbott, Biolume Inc, Cyanotech Corporation, Biotech Marine (Subsidiary Of Air Liquid Group), Lonza Group Ltd, FMC Geomarine Biotech, Marinova, and BASF Se.

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