Among the various technological advancements in different fields that help fulfill our
needs further, marine biotechnology is one that has brought a significant change in the overall
bleak outlook of the limited resources that the oceans have to offer. Marine biotechnology has not
just revolutionized the method of farming and increased productivity, but it has also ensured a consistent
supply to various cuisines throughout the world. In recent years, marine biotechnology has
outgrown its traditional image in the seafood-related industry to one that caters to a plethora of industries
such as enzyme technology, pharmaceuticals, tanning industry, cancer therapeutics, cosmetic
industry, biodegradable polymers, and bioremediation. These are a few among a broad spectrum
of industries where it finds applications and many more are yet to be explored. Remarkably,
marine biotechnology has not only helped restore the normal local flora and fauna of the oceans
but has also contributed extensively to conservation efforts. In this review, an attempt has been
made to follow the trails of the wide applicability of marine biotechnology as well as its impact on
various sectors in recent years.