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Bio-marine Ingredients Market Trends

Report ID: GMI9127
Published Date: Apr 2024
Report Format: PDF

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Bio-marine Ingredients Market Trends

Prominent developments in the bio-marine ingredients sector entail an increasing emphasis on environmentally conscious manufacturing and sourcing methods. The preference among consumers for natural and eco-friendly goods has spurred a heightened demand for marine-derived substances across diverse sectors like food, cosmetics, and pharmaceuticals. Additionally, there has been a marked upswing in research and development endeavors aimed at discovering novel bioactive compounds with potential health benefits, fostering innovation in product creation. Collaborations between academic institutions and industry stakeholders are on the rise to fully exploit the potential of marine resources. Overall, these trends bode well for the future of the bio-marine ingredients industry.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for bio-marine ingredients was USD 2.4 billion in 2023 and is expected to register over 5.6% CAGR from 2024-2032 owing to their utilization across diverse industries such as food, pharmaceuticals, cosmetics, and agriculture, supporting the growth of sectors worldwide.

Bio-marine ingredients industry from the protein segment recorded USD 0.6 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to significant potential for progress and enlargement within the protein sector.

North America industry reached USD 0.8 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rising consumer demand for natural, sustainable, and health-enhancing products in the region.

Aker Bio Marine AS, Arctic Bioscience, Algenuity, Bio Marine Ingredients Ireland, Calysta, CP Kelco, Cargill Incorporated, Marinova Pty Ltd, Rousselot S.A.S., and Seagarden AS, are some of the major bio-marine ingredients companies worldwide.