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(IT-NEWSWIRE.COM, February 10, 2017 ) According to Publisher, the Global Marine Biotechnology market is expected to grow from $3.84 billion in 2015 to reach $5.9 billion by 2022 with a CAGR of 6.3%. The growth factor for marine biotechnology market is increase in the demand for natural products. The key drivers for the market are new applications of marine derived enzymes in cosmetics industry and use of marine algae and micro algae in bio-field production. The increase in demand for commodities has resulted in supply shortages and high prices in crude oil, steel and other metals. Developing countries face a challenge as they do not often have the established industrial infrastructure to act as sub-contractors. The market has also been witnessing increasing investments from venture capitalists. However, high R&D costs could pose a challenge to the market growth.
Healthcare/Biotechnology application segment is witnessing highest growth rate during the forecast period due to rising usage of marine products in food, cosmetics, and agriculture industries. The United States dominates the market with largest share as it is home to the developed marine research centres specializing in marine biotechnology.
For more information at http://www.reportsweb.com/marine-biotechnology-global-market-outlook-2016-2022 .
Some of the key players in global Marine Biotechnology market include Aker BioMarine, BASF SE, BioLume Inc, Biotech Marine, CP Kelco US Inc, Cyanotech Corp., Elan Corp, FMC Corp., GlycoMar Ltd., Lonza Group Ltd., MariCal, Marinova, New England Biolabs Inc., Nutrex Hawaii, PharmaMar S.A, PML Applications Ltd., Royal DSM N.V, Sea Run Holdings Inc., and Tequesta Marine Biosciences
Products Covered:
- Biomaterials
- Bioactive Substances
- Other Products
Applications Covered:
- Consumer Products
- Energy
- Environment
- Food & feed
- Health Care/Biotechnology
- Industrial Products
- Public Services & Infrastructure
- Other Applications
Sources Covered:
- Corals and sponges
- Macro algae
- Marine fungi
- Marine viruses
- Micro algae
Request Sample Copy: http://www.reportsweb.com/inquiry&RW0001583469/sample .
Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
10 Company Profiling
10.1 Aker BioMarine
10.2 BASF SE
10.3 BioLume Inc.
10.4 Biotech Marine
10.5 CP Kelco US Inc
10.6 Cyanotech Corp.
10.7 Elan Corp
10.8 FMC Corp.
10.9 GlycoMar Ltd.
10.10 Lonza Group Ltd.
10.11 MariCal
10.12 Marinova
10.13 New England Biolabs Inc.
10.14 Nutrex Hawaii
10.15 PharmaMar S.A
10.16 PML Applications Ltd.
10.17 Royal DSM N.V
10.18 Sea Run Holdings Inc.
10.19 Tequesta Marine Biosciences
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001583469/buying .
ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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