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Bio-marine Ingredients Market Share

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

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Bio-marine Ingredients Market Share

Players in the bio-marine sector utilize various strategies to cope with rising demand. They introduce new marine-sourced ingredients, focusing on innovation to meet diverse consumer demands. Partnerships with academic institutions help develop advanced extraction methods. Sustainability initiatives ensure environmentally friendly practices. Additionally, targeted marketing highlighting the health benefits and versatility of bio-marine materials promotes market growth and customer engagement. Overall, these strategies are crucial for the success of bio-marine industry players.

Aker BioMarine AS prioritizes advanced technology and sustainable fishing methods to procure bio-marine compounds such as krill oil. Their focus on research and development drives market expansion and fosters innovation in new product development. Arctic Bioscience collaborates with academic institutions to advance technologies for producing marine-derived peptides used in pharmaceutical and nutraceutical applications. Algenuity emphasizes environmentally sustainable manufacturing practices while employing microalgae biotechnology to create innovative components for the food, beverage, and nutraceutical sectors. Bio-Marine Ingredients Ireland sources fish sustainably and employs eco-friendly production methods to supply lipids, proteins, and calcium for animal feed and food applications.

Bio-marine Ingredients Market Companies

Major players operating in the market include:

Aker Bio Marine AS
Arctic Bioscience
Algenuity
Bio Marine Ingredients Ireland
Calysta
CP Kelco
Cargill Incorporated
Marinova Pty Ltd
Rousselot S.A.S.
Seagarden AS

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.