Global Market for Marine Biotechnology
Marine biotechnology is an expanding field encompassing marine bio-medicines, pharmaceutical discovery, materials technology, bio-remediation, marine biomedical models, genomics, bioinformatics, and molecular genetics. Its foundation lies in the vast biodiversity and genetic wealth found in the sea. The marine environment offers a rich source of both chemical and biological diversity, including compounds suitable for industrial applications such as cosmetics, nutritional supplements, pharmaceuticals, enzymes, and agrichemicals.
The discipline covers marine environmental protection, genetics, marine bioactive substances, biomaterials, marine culture, fermentation engineering, and enzyme engineering. While the marine biotechnology market is still emerging, it holds significant untapped potential and promising growth prospects. Applications span industrial products, healthcare/biotechnology, consumer goods, public services, and infrastructure, optimizing marine resources while conserving and protecting them. Advancements in marine biotechnology have already yielded successes in human health, pharmacology, fisheries, environmental restoration, food and cosmetics industries, agriculture, and chemistry.