The global marine biotechnology market size was evaluated at USD 5,416 million in 2024 and is expected to grow around USD 8,173 million by 2034, registering a CAGR of 4.2% from 2025 to 2034.
The marine biotechnology market is growing due to rise in applications of marine organisms across different industries. The application of biotechnology to marine bio resources like – plants, algae, microbes tec., for beneficial application is marine biotechnology. The usage of marine organisms like fungi and algae in industries such as pharmaceuticals, food, agriculture and cosmetics have hiked the demand for marine biotechnology products in the recent years. Some of these microbes generally do very well in extreme environmental conditions produce antioxidants, antitumoral, antiviral, apoptotic and antibacterial chemical which are beneficial for human health.
The utilization of marine biotechnology resources is gaining traction in the nutritional supplements which will further market growth. Healthy fatty acids are found in large quantities in some of these organisms making them a good fit for the nutritional industry. There is ongoing research and developments activities that have helped pushed the ability to culture marine organisms in laboratories, some attempts have showed promising results which will help overall market growth. Technological innovations and advancements in drug discoveries, aquaculture and marine exploration is expected to help increase the demand for the marine biotechnology market in the coming years.
| Industry Worth | Details |
| Market Size in 2025 | USD 5,644 Million |
| Market Size by 2034 | USD 8,173 Million |
| Market Growth Rate from 2025 to 2034 | CAGR of 4.2% |
Published by Deepa Pandey
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
| Stats ID: | 6108 |
| Format: | Databook |
| Published: | April 2025 |
| Delivery: | Immediate |
| Stats ID: | 6108 |
| Format: | Databook |
| Published: | November 2024 |
| Delivery: | Immediate |
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