Molecular Breeding Market Report 2024 - Molecular Breeding Market Share And Trends

 

The molecular breeding market size is expected to see rapid growth in the next few years. It will grow to $7.8 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%.  The growth in the forecast period can be attributed to rise in demand for disease-resistant varieties, focus on climate adaptation, growing population and food security concerns, consumer preferences for quality traits, regulatory support for biotechnology. Major trends in the forecast period include consumer demand for improved varieties, application of machine learning and ai, emergence of bioinformatics solutions, collaboration between public and private sectors, focus on climate-resilient varieties.

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Scope Of Molecular Breeding Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Molecular Breeding Market Overview

Market Drivers -
Increased cultivation of industrial and high-value crops is expected to propel the growth of the molecular breeding market going forward. The cultivation of industrial and high-value crops refers to agribusinesses focusing on crops with a higher value in the market due to their use in various industrial applications. Molecular breeding helps cultivate high-value crops by giving plants superior traits such as disease resistance, high-crop yields, and draught resistance. Hence, the increasing cultivation of industrial and high-value crops will support the growth of the molecular breeding market. For instance, in January 2022, according to the National Agricultural Statistics Service, a United States Department of Agriculture, production of corn rose from 81,313 per 1000 acres in 2020 to 85,388 per 1000 acres in 2021. Further, soybean production has increased from 82,603 per 1000 acres in 2020 to 86,322 per 1000 acres. Therefore, the increased cultivation of industrial and high-value crops is driving the growth of the molecular breeding market.

Market Trends -
Technological advancements are a key trend gaining popularity in the molecular breeding market. Major companies operating in the molecular breeding market are adopting new technologies to sustain their position in the market. For instance, in August 2021, HudsonAlpha Institute for Biotechnology, a US-based biotechnology company, launched a computational tool called Khufu for plant breeding. This tool enables quick and accurate identification and analysis of complex genome variants. This computational tool helps in the identification of genetic factors and selection of beneficial traits for new breeding practices and introduces new and improved characteristics in existing crop lines.

The molecular breeding market covered in this report is segmented –
1) By Process: QTL Mapping, Marker-Assisted Selection, Marker-Assisted Backcrossing, Genomic Selection, Other Process
2) By Marker Type: Single Sequence Repeats (SSR), Single Nucleotide Polymorphism (SNP), Other Marker Type
3) By Application: Crop Breeding, Livestock Breeding

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Regional Insights -
North America was the largest region in the molecular breeding market in 2023. Asia-pacific is expected to be the fastest-growing region in the global molecular breeding market report during the forecast period. The regions covered in the molecular breeding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies -
Major companies operating in the molecular breeding market report are Illumina  Inc., LGC Group Limited, Eurofins Scientific SE, Thermo Fisher Scientific Inc., SGS Société Générale de Surveillance S.A., Intertek Group plc, DanBred P/S, LemnaTec GmbH, Charles River Laboratories International  Inc., Slipstream It Solutions Private Limited, Fruitbreedomics B.V., The Toro Company LLC, Campbell Scientific  Inc., Sentek Technologies  Inc., Keygene N.V., KWS SAAT SE & Co. KGaA, Genus plc, Groupe Limagrain, Syngenta Group, Bayer Aktiengesellschaft, Corteva Agriscience, BASF SE, Dow AgroSciences LLC, Monsanto Company, Pioneer Hi-Bred International  Inc., Agilent Technologies  Inc., QIAGEN N.V., Bio-Rad Laboratories  Inc., Merck KGaA Darmstadt, GenScript Biotech Corporation, Genewiz  Inc., Eurogentec S.A., Integrated DNA Technologies  Inc., Novogene Corporation Limited, BGI Group

Table of Contents
1. Executive Summary
2. Molecular Breeding Market Report Structure
3. Molecular Breeding Market Trends And Strategies
4. Molecular Breeding Market – Macro Economic Scenario
5. Molecular Breeding Market Size And Growth
…..
27. Molecular Breeding Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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