International Journal of Scientific Research and Engineering Development

The vast expanse of marine ecosystems includes incredibly diverse habitats with varying chemical and physical conditions - such as temperature, salinity, light availability, and toxicity levels. Likewise, human zeal to study and explore this marine field is also broad. Marine biotechnology is one sub-field that utilizes marine resources and tools to create valuable biological compounds supporting living organisms. It's interesting to note that marine biotechnology has a lot of potential when it comes to commercial initiatives that can be applied to various sectors, such as pharmaceuticals, biomedical, cosmetics, nutraceuticals, food, feed, agriculture, and more. There are a lot of opportunities to be explored in this field, and it's exciting to see what the future holds. By 2030, many ocean-based industries will surpass global economic growth, creating around 40 million full-time equivalent jobs. Moreover, the world of technology and artificial intelligence (AI) is also making incredible strides and helping us to expand our knowledge of the marine field. The present review aims to summarize various applications of marine biotechnology that make it an essential contributor to the bio-economy. The paper also highlights how the world of AI helps better explore the field by monitoring marine biodiversity, modelling deep-sea resources, protecting ocean environments, etc.