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Focus on Green Growth and Environmental Sustainability Drives the Global Market for Marine Biotechnology, According to New Report by Global Industry Analysts, Inc.
Date:11/15/2013

com/Marine_Biotechnology_Market_Report.asp" onclick="linkClick(this.href)" rel="nofollow">Marine Biotechnology, the United States represents the largest and the fastest growing market worldwide. Strong R&D investments in the country are being directed towards research projects focused on the production of algae-derived bioenergy. Europe is forecast to emerge as a major regional market, given the continent’s yet unexplored and underexploited marine resources. Of special importance is the application of marine biotechnology in the medical sector with the region’s pharmaceutical industry having already developed commercially viable marine derived drugs to treat a range of diseases including cancer. Countries from Asia-Pacific region including China, Japan, Australia, South Korea, India, Vietnam, and Thailand are likely to emerge as key markets of the future.

Bioactive Substances represents the largest product market in the global marine biotechnology market. Health Care/Biotechnology represents the largest application area. Marine-derived drugs are considered as the most successful application of marine biotechnology on a commercial scale. In the drug discovery space, marine microbes are increasingly being researched as potential sources of drugs for treatment of drug-resistant bacterial infections. On the other hand, marine algae are being researched as possible source of biofuel as well as refined high-value chemicals. For achieving sustainable food production, marine biotechnology is being researched for developing new fish breeding and rearing approaches, developing novel feeds, and exploring new opportunities for using marine waste.

Major players covered in the report include Aker BioMarine AS, Aqua Bio Technology ASA, Aquapharm Biodiscovery Ltd., CP Kelco, Cyanotech Corp., FMC Corp., GlycoMar Ltd., Jazz Pharmaceutical
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