Global Molecular Breeding Market Size By Process (Marker-assisted selection (MAS), QTL mapping), By Application (Crop breeding, Livestock breeding), By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationGlobal Molecular Breeding Market Size By Process (Marker-assisted selection (MAS), QTL mapping), By Application (Crop breeding, Livestock breeding), By Geographic Scope And Forecast
Molecular Breeding Market Size And Forecast
Molecular Breeding Market size was valued at USD 8.67 Billion in 2024 and is projected to reach USD 29.77 Billion by 2031, growing at a CAGR of 18.40% during the forecasted period 2024 to 2031.
The Global Molecular Breeding Market is primarily focused on the development of agricultural productivity, enhancing food security, and tackling global issues like climate change, pests, and diseases. Rapid urbanization, a rise in global population, and the need for sustainable agricultural practices are likely to drive demand and boost market expansion throughout the forecast period. The Global Molecular Breeding Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Molecular Breeding Market Definition
The Global Molecular Breeding Market is key for the development of new crop varieties with the use of biotechnology. The use of molecular biology methods and equipment in the field of breeding plants and animals is referred to as the Global Molecular Breeding Market. Molecular breeding makes use of genetic data and markers to improve the effectiveness and accuracy of conventional breeding techniques. It includes the identification, analysis, evaluation, and manipulation of genes and genetic variants linked to advantageous features in plants and animals. Genotyping, genetic mapping, marker-assisted backcrossing, DNA marker-assisted selection, and genetic engineering are a few such molecular breeding techniques.
There are majorly three types of technologies widely used in Molecular Breeding namely Genotyping, Phenotyping, and Envirotyping. Breeders have the option to select and create superior varieties using these procedures that have desirable features including disease resistance, yield potential, nutritional quality, and environmental adaptability. Agriculture, horticulture, and the breeding of livestock are a few of the industries that make up the Molecular Breeding Market. To create and market enhanced plant and animal varieties, researchers, breeders, seed businesses, biotechnology corporations, and research institutions work together.
The need for sustainable agricultural practices, the rising global population, declining cultivable land, and increased demand for high-yielding and stress-tolerant crops are some of the factors propelling the growth of the worldwide Molecular Breeding Market. In order to improve crop yield and quality, molecular breeding has the potential to expedite the breeding process, save costs, and increase the precision of gene selection. Businesses in the Global Molecular Breeding Market compete based on the quality of the product they offer. The Global Molecular Breeding Market includes a variety of products and services, such as breeding software, genotyping systems, DNA sequencing technology, and genetic markers.
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Global Molecular Breeding Market Overview
The Global Molecular Breeding Market is a vital component of the livestock and plant breeding industry. It primarily consists of molecular breeding processes such as DNA fingerprinting, marker-assisted selection (MAS), marker-assisted backcross (MABC), marker-assisted pyramiding, quantitative trait loci (QTL), marker assister recurrent selection (MARS), and genomic selection. The Global Molecular Breeding Market is influenced by the increased demand for agricultural products. The demand for enhanced agricultural products is driven by rising numbers of people, their evolving food preferences, and the requirement for sustainable agriculture practices. In order to fulfill the increasing needs of farmers and customers, molecular breeding enables the production of high-yielding, disease-resistant, and stress-tolerant crop types.
A crucial trend that is becoming increasingly popular in the market for Global Molecular Breeding Market is technological advancement. The effectiveness and precision of molecular breeding have substantially improved because of the recent developments in molecular biology techniques like DNA sequencing, genotyping, and bioinformatics. Breeders will now be able to quickly detect and manipulate genetic variants linked to desired features due to these latest technological advancements. The upcoming Global Molecular Breeding Market anticipates partnerships and collaborations between biotechnology companies, breeders, seed businesses, and research organizations.
These collaborations promote the development and commercialization of molecular breeding products and services by sharing information, resources, and technologies. The major companies in the Global Molecular Breeding Market put a lot of effort into developing their infrastructure, building out their production facilities, investing in research and development, and utilizing integration opportunities throughout the value chain. These developments help molecular breeding businesses meet rising demand, maintain a healthy competitive edge, create cutting-edge products and technology, lower manufacturing costs, and increase their clientele.
The major restraint for this market is the high research and development cost which requires a significant amount of investment. It can be difficult for businesses to manage the costs associated with advanced technological developments, testing, and validation. In addition, regulatory compliance can be a barrier limiting the market participation of companies. The regulatory frameworks and laws governing genetically modified organisms (GMOs) and genetically engineered crops must be followed when molecular breeding technologies are adopted. Different nations have different regulations, which might pose challenges to the distribution of genetically modified varieties and restrain the market’s expansion.
Global Molecular Breeding Market Segmentation Analysis
The Global Molecular Breeding Market is segmented on the basis of Process, Application, and Geography.
Molecular Breeding Market, By Process
- Marker-assisted selection (MAS)
- QTL mapping
- Marker-assisted backcrossing genomic selection (MABC)
- Others
Based on Process, the market is bifurcated into Marker-assisted selection (MAS), QTL mapping, Marker-assisted backcrossing genomic selection (MABC), and Others. The Marker-assisted selection (MAS) segment holds the largest market share and is estimated to witness the highest CAGR during the forecast period. Due to its high efficiency and low cost in agricultural yield, the MAS will continue to be a significant process over the forecast period. The US has been the major nation with the highest MAS adoption rate. Also, the adoption of genomic selection is anticipated to increase at the fastest rate since more people are becoming aware of its effectiveness in enhancing yield, particularly for vegetables in industrialized nations.
Molecular Breeding Market, By Application
- Crop breeding
- Livestock breeding
Based on Application, the market is bifurcated into Crop breeding and Livestock breeding. The crop breeding segment holds the largest market share and is estimated to witness the highest CAGR during the forecast period. Agri genomics funding is predicted to increase, which will lead to growth in the molecular crop breeding business. Additionally, it is anticipated that the market for molecular crop breeding would be driven by the exponential decline in the cost of genomic solutions and the rapid improvement of technology. The market for crop breeding is projected to grow as a result of the increase in partnerships, collaborations, and acquisitions. Other significant reasons contributing to the growth of the crop breeding market include the expansion of the production of industrial and high-value crops as well as the increase in R&D costs in the agricultural sector.
Molecular Breeding Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Geography, the Global Molecular Breeding Market is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds the largest market share in the Global Molecular Breeding Market and it is projected to grow at a steady pace during the forecast period. Europe closely follows the next. Advanced genetic techniques are widely used in nations like Germany, France, the US, and Canada to boost agricultural productivity. There is massive scope for market expansion as a result of the increase in the cultivation of high-value crops as well as farmers’ awareness of the advantages of molecular breeding. Hence, the demand is always going to be high in these regions.
Key Players
The “Global Molecular Breeding Market” study report will provide valuable insights with an emphasis on the global market scenario. The major companies operating in the market are Eurofins Scientific SE, LGC Group, Illumina, SGS SA, Thermo-Fisher Scientific Inc., Intertek Group plc, DanBred, LemnaTec GmbH, Charles River Laboratories., Bayer AG, Slipstream Automation, FruitBreedomics, Campbell Scientific, Syngenta, and Sentek.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In December 2021, Eurofins Scientific reached an agreement to purchase Genetic Lab, a Japanese company that offers molecular biology-based diagnostic, biomarker development, and drug discovery testing. According to Eurofins, the transaction was agreed with Genetic Lab’s parent company Transgenic. The purchase, according to Luxembourg-based Eurofins, would support its growth in Asia, particularly in Japan, and expand its global network of clinical diagnostics laboratories that specialize in cutting-edge genetic testing.
Report Scope
Report Attributes | Details |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Eurofins Scientific SE, LGC Group, Illumina, SGS SA, Thermo-Fisher Scientific Inc., Intertek Group plc, DanBred, LemnaTec GmbH. |
Segments Covered |
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Customization scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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