COVID-19: Marine Biotechnology Market 2020-2024 | The Increase In Demand For Biofuel to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#GlobalMarineBiotechnologyMarket–Technavio has been monitoring the marine biotechnology market and it is poised to grow by $ 2.5 bn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aker BioMarine AS, BASF SE, CP Kelco, Cyanotech Corp., KD Pharma Group, L’Air Liquide SA, Lonza Group Ltd., Marinomed Biotech AG, PharmaMar SA, and Sea Run Holdings Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increase in demand for biofuel has been instrumental in driving the growth of the market. (Read more…)

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Marine Biotechnology Market 2020-2024: Segmentation

Marine Biotechnology Market is segmented as below:

• Application
  • Healthcare Products
  • Energy And Environment Management Products
  • Food And Cosmetics Products
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

Marine Biotechnology Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The marine biotechnology market report covers the following areas:

• Marine Biotechnology Market Size
• Marine Biotechnology Market Trends
• Marine Biotechnology Market Industry Analysis

This study identifies the increasing application of seaweeds as one of the prime reasons driving the marine biotechnology market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Marine Biotechnology Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist marine biotechnology market growth during the next five years
• Estimation of the marine biotechnology market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the marine biotechnology market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of marine biotechnology market, vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application placement
• Healthcare products – Market size and forecast 2019-2024
• Energy and environment management products – Market size and forecast 2019-2024
• Food and cosmetics products – Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• APAC – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver – Demand led growth
• Volume driver – Supply led growth
• Volume driver – External factors
• Volume driver – Demand shift in adjacent markets
• Price driver – Inflation
• Price driver – Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Aker BioMarine AS
• BASF SE
• CP Kelco
• Cyanotech Corp.
• KD Pharma Group
• L’Air Liquide SA
• Lonza Group Ltd.
• Marinomed Biotech AG
• PharmaMar SA
• Sea Run Holdings Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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