Marine Biotechnology Market Size and Share

Marine Biotechnology Market (2026 - 2031)
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Marine Biotechnology Market Analysis by Mordor Intelligence

The marine biotechnology market size is projected to be USD 7.49 billion in 2025, USD 8.02 billion in 2026, and reach USD 11.21 billion by 2031, growing at a CAGR of 7.10% from 2026 to 2031. Surging demand for marine-sourced oncology actives, clean-label cosmetics ingredients, and carbon-negative bioplastics is widening commercial pipelines, while vertical-integration strategies help leading suppliers secure feedstock and margin. North America defends the largest regional share thanks to NIH and NOAA funding, yet Asia-Pacific is accelerating on the back of large-scale offshore bioreactors and functional-food adoption. Despite solid top-line growth, the marine biotechnology market faces two near-term headwinds: low laboratory cultivability of deep-sea microbes and synthetic-biology routes that recreate high-volume metabolites in terrestrial hosts. Even so, the market’s medium-term opportunity set remains compelling as pharmaceutical approvals, aquaculture genomics tools, and net-zero mandates unlock new revenue pools.

Key Report Takeaways

  • By source, algae dominated with 33.2% of the marine biotechnology market share in 2025, whereas corals and sponges are forecast to expand at a 9.24% CAGR through 2031. 
  • By application, pharmaceuticals led with 35.6% revenue share of the marine biotechnology market size in 2025; nutraceuticals remain the fastest-growing application at a 9.54% CAGR over the same horizon.
  • By geography, North America commanded 45.56% of the marine biotechnology market revenue in 2025, while Asia-Pacific is set to record the fastest 8.98% regional CAGR to 2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Segment Analysis

By Source: Corals & Sponges Gain Momentum Over Algae

Corals and sponges are projected to advance at a 9.24% CAGR from 2026-2031, the swiftest rate among source categories in the marine biotechnology market. Their halogen-rich metabolites underpin oncology and antiviral breakthroughs; PharmaMar’s tunicate-origin plitidepsin finished Phase III COVID-19 trials in 2025. GlycoMar’s sponge library yielded a heparan-sulfate analog that outperformed enoxaparin in thrombosis models, confirming high therapeutic potential. 

Algae maintained a 33.2% marine biotechnology market share in 2025, anchored by spirulina protein, chlorella, and astaxanthin in supplements. Yet growth is moderating as synthetic biology clones high-volume algal metabolites. Marine viruses and fungi remain niche but promising; a 2024 Arctic fungal isolate produced a novel beta-lactamase inhibitor.

Marine Biotechnology Market: Market Share by Source
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By Application: Nutraceuticals Capture Volume, Pharmaceuticals Capture Value

Nutraceuticals will register a 9.54% CAGR to 2031, driven by preventive-health consumers migrating from fish oil to algae EPA-DHA concentrates and functional-food fortification strategies. The marine biotechnology market size for supplements is reinforced by AstaReal’s demonstrated 34% reduction in oxidative stress at 12 mg astaxanthin daily. Pharmaceuticals, while growing at a lower rate, command top-line value; lurbinectedin alone generated EUR 120 million across 15 jurisdictions in 2025. Regulatory fast-tracks for marine-derived excipients further entice drug-delivery innovators to substitute ocean polysaccharides for synthetic carriers, maintaining pipeline momentum.

Cosmetics leverage marine peptides and collagen to meet reef-safe and microplastic-free mandates, as illustrated by BASF’s EU-approved marine UV filter now bundled into premium sunscreen SKUs. Industrial enzymes and algae-based bioplastics deepen application diversification: Novozymes’ krill protease reduces leather-tanning energy loads by 20%, and AirCarbon polyhydroxybutyrate lines Dell laptop casings while locking in a carbon-negative material balance.

Geography Analysis

North America captured 45.56% of the marine biotechnology market revenue in 2025 as NIH allocated USD 85 million to a marine natural-products screening program and NOAA launched grants that drew USD 18 million in private seaweed investment to Maine. Regulatory clarity and FDA guidance on marine excipients shorten commercialization cycles, while Canada’s Ocean Supercluster co-funds AI-enabled genomics databases.

Asia-Pacific will post an 8.98% regional CAGR, the fastest globally, underpinned by China’s USD 200 million deep-sea enzyme initiative and Japan’s 500-t Euglena facility that now supplies biojet fuel for 12-month ANA trials. South Korea earmarked KRW 120 billion in 2025 for marine-derived oncology pipelines[3]Ministry of Oceans and Fisheries, South Korea, “Marine Pharma Funding 2025,” mof.go.kr, and India scales Kappaphycus seaweed farms to cut carrageenan imports. 

Europe benefits from EUR 800 million in EMFAF blue-biotech grants and stringent net-zero policies that elevate algae-bioplastic demand. Norway’s public salmon pangenome expedites global breeding programs, the UAE pilots algae carbon-capture at desalination plants, South Africa grows kelp for abalone feed, and Brazil’s Embrapa assays native seaweeds for carrageenan, rounding out diversified regional contributions.

Marine Biotechnology Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The marine biotechnology industry remains moderately fragmented: the top-10 players hold roughly the majority of revenue, leaving room for specialized entrants. Incumbents such as BASF and Lonza pursue vertical integration, controlling cultivation through formulation to secure feedstock and margin; BASF’s 2024 Algenol stake safeguards algae-ethylene supply. Niche firms employ proprietary IP, including Marinova’s fucoidan extraction and GlycoMar’s sponge glycosaminoglycan library - to command high-value pharmaceutical and nutraceutical niches. 

Technology adoption divides the field: leaders deploy CRISPR strain-engineering, continuous bioreactors, and AI hit-discovery, whereas smaller players rely on wild harvests that cap throughput. Patent data show Lonza filed 12 marine-enzyme patents in 2024 focused on thermostable proteases, while PharmaMar protects tunicate metabolites with composition-of-matter claims expiring 2028-2032.

Regulatory readiness is emerging as a moat; companies fluent in BBNJ and Nagoya compliance can advance faster than newcomers. Early access to EU Novel Food and FDA guidance have accelerated DSM-Firmenich’s Schizochytrium DHA and BASF’s reef-safe UV-filters. Disruptive AI platforms may level the playing field, as Insilico’s Pharma.AI shortened discovery cycles to 18 months, allowing capital-light start-ups to compete.

Marine Biotechnology Industry Leaders

  1. Cyanotech Corporation

  2. BASF SE

  3. Lonza Group Ltd

  4. Aker BioMarine ASA

  5. Euglena Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Marine Biotechnology Market Concentration
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Recent Industry Developments

  • September 2025: Marine Biologics announced an exclusive strategic partnership with Molecular Quantum Solutions (MQS) to commercialize advanced computational tools for the marine bioproducts sector.
  • August 2025: Umami Bioworks launches Marine Radiance platform to deliver sustainable marine bioactives and announces world’s first animal-free PDRN to meet growing global demand.
  • April 2025: Aker BioMarine officially launched Revervia, its first algae-based DHA oil, to expand its portfolio beyond traditional krill oil and meet the rising global demand for plant-based, clean-label supplements.

Table of Contents for Marine Biotechnology Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increase In Marine-Sourced Actives for Pharmaceuticals & Cosmetics
    • 4.2.2 Rising Demand for Marine-Derived Nutritional Supplements
    • 4.2.3 Advances In Fisheries Genomics & Drug-Discovery Platforms
    • 4.2.4 AI-Enabled Bioprospecting Accelerates Novel Compound Discovery
    • 4.2.5 Net-Zero Policies Stimulating Algae-Based Bioplastics Investment
    • 4.2.6 EU Blue Economy Funds Scaling Early-Stage Blue-Biotech Start-Ups
  • 4.3 Market Restraints
    • 4.3.1 Limited Ocean Exploration Depth & Sample Collection
    • 4.3.2 Low Cultivability of Many Marine Micro-Organisms
    • 4.3.3 Forthcoming BBNJ Access-And-Benefit-Sharing Compliance Costs
    • 4.3.4 Competition From Terrestrial Synthetic-Biology Alternatives
  • 4.4 Supply-Chain Analysis
  • 4.5 Technological Outlook
  • 4.6 Regulatory Landscape
  • 4.7 Porter’s Five Forces
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers/Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products
    • 4.7.5 Intensity of Competitive Rivalry

5. Market Size & Growth Forecasts (Value, USD)

  • 5.1 By Source
    • 5.1.1 Corals & Sponges
    • 5.1.2 Algae
    • 5.1.3 Marine Viruses
    • 5.1.4 Marine Fungi
    • 5.1.5 Other Sources
  • 5.2 By Application
    • 5.2.1 Pharmaceuticals
    • 5.2.2 Nutraceuticals & Dietary Supplements
    • 5.2.3 Cosmetics & Personal Care
    • 5.2.4 Others
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Australia
    • 5.3.3.5 South Korea
    • 5.3.3.6 Rest of Asia-Pacific
    • 5.3.4 Middle East and Africa
    • 5.3.4.1 GCC
    • 5.3.4.2 South Africa
    • 5.3.4.3 Rest of Middle East and Africa
    • 5.3.5 South America
    • 5.3.5.1 Brazil
    • 5.3.5.2 Argentina
    • 5.3.5.3 Rest of South America

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.3.1 Aker BioMarine ASA
    • 6.3.2 Algatechnologies Ltd
    • 6.3.3 Aqua Bio Technology ASA
    • 6.3.4 AstaReal Co., Ltd.
    • 6.3.5 BASF SE
    • 6.3.6 Bluebiotech International GmbH
    • 6.3.7 CP Kelco U.S., Inc.
    • 6.3.8 Cyanotech Corporation
    • 6.3.9 Euglena Co., Ltd.
    • 6.3.10 GlycoMar Ltd.
    • 6.3.11 Lonza Group Ltd
    • 6.3.12 Marinomed Biotech AG
    • 6.3.13 Marinova Pty Ltd
    • 6.3.14 New England Biolabs Inc.
    • 6.3.15 Nutrex Hawaii Inc.
    • 6.3.16 PharmaMar S.A.
    • 6.3.17 Royal DSM-Firmenich N.V.
    • 6.3.18 Sea Run Holdings Inc.
    • 6.3.19 SEPPIC

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-Need Assessment
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Global Marine Biotechnology Market Report Scope

As per the scope of the report, marine biology involves the application of science and technology to marine bioresources to develop innovative products and services across various industries. 

The marine biology market is segmented by source, application, and geography. By source, the market is categorized into corals & sponges, algae, marine viruses, marine fungi, and other sources. By Application, the market is categorized into pharmaceuticals, nutraceuticals & dietary supplements, cosmetics & personal care, and others. Geographically, the market is segmented across North America, Europe, the Asia-Pacific region, the Middle East & Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. For each segment, the market size and forecast are provided in terms of value (USD).

By Source
Corals & Sponges
Algae
Marine Viruses
Marine Fungi
Other Sources
By Application
Pharmaceuticals
Nutraceuticals & Dietary Supplements
Cosmetics & Personal Care
Others
Geography
North AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and AfricaGCC
South Africa
Rest of Middle East and Africa
South AmericaBrazil
Argentina
Rest of South America
By SourceCorals & Sponges
Algae
Marine Viruses
Marine Fungi
Other Sources
By ApplicationPharmaceuticals
Nutraceuticals & Dietary Supplements
Cosmetics & Personal Care
Others
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and AfricaGCC
South Africa
Rest of Middle East and Africa
South AmericaBrazil
Argentina
Rest of South America
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Key Questions Answered in the Report

How large will be the marine biotechnology market in 2026?

How large will the marine biotechnology market be in 2026?

Which source segment is expanding the fastest?

Corals and sponges are projected to grow at a 9.24% CAGR to 2031 as their metabolites feed oncology and antiviral pipelines.

What drives rapid growth in aquaculture applications?

Genomic selection, disease-resistant breeding, and probiotic feeds are boosting productivity and cutting antibiotic use, propelling a 9.78% CAGR for aquaculture users.

Why does Asia-Pacific outpace other regions?

Large-scale offshore bioreactors, functional-food adoption, and government funding in China, Japan, and South Korea underpin an 8.98% regional CAGR.

How do net-zero policies affect marine bioplastics?

EU carbon tariffs and California compostable-packaging mandates make algae-based polymers cost-competitive, accelerating investment in bio-ethylene and compostable films.

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