Marine Biotechnology Market is expected to grow at a CAGR of 19.81% Marine Biotechnology Market Forecast 2017-2025 | Page 2

Global Marine Biotechnology Market Forecast 2017-2025 The Global Marine Biotechnology market is expected to grow at a CAGR of 5.44% for the forecast period of 2017-2025. The market value is expected to increase from $4343 million in 2016 and reach $6922 million by 2025. The growing use of marine biotechnology in cosmetic industry, emerging research in the area of marine biomaterials and the developing healthcare sector are majorly responsible for driving the global marine biotechnology market. MARKET INSIGHTS: The Global marine biotechnology market is divided on the basis of Products and End users. They are further segmented as: Products are segmented into: Biomaterial, Bioactive substances, Others End users are segmented into: Industrial products, Healthcare/Biotechnology, Consumers products, Energy & Infrastructure, Others. The healthcare segment has the highest demand in the marine biotechnology market owing to the high demands of bioactive products produced by microbes, gorgonians, sponges, soft and hard corals seaweeds, and other marine organisms. Access Complete Report at: http://www.reportsnreports.com/reports/1151662- global-marine-biotechnology-market-forecast-2017-2025.html © ReportsnReports.com / Contact [email protected] 2