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Molecular Breeding Market Research Report Information By Application (Plant and Livestock), By Marker (Simple Sequence Repeat, Single Nucleotide Polymorphism, Expressed Sequence Tags, and Others), By Molecular Breeding Process (Marker Assisted Selection, QTL Mapping, and Marker Assisted Back Crossing), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032
The Molecular Breeding Market size was valued at USD 3.2 billion in 2022 and is projected to grow to USD 14.4 billion by 2032, with CAGR of 18.20 % during the forecast period (2024 – 2032).
The molecular breeding market is experiencing exponential growth, driven by a confluence of factors. Firstly, the ever-increasing global population necessitates a proportional increase in food production. Molecular breeding offers a solution by accelerating the development of high-yielding crop varieties tailored to specific environmental conditions. Secondly, climate change poses unprecedented challenges to agriculture, including erratic weather patterns, pest invasions, and soil degradation. Molecular breeding enables the creation of climate-resilient crops capable of withstanding adverse conditions, ensuring food security in a changing climate landscape.
Advancements in biotechnology have propelled the molecular breeding market forward, facilitating the identification and manipulation of desirable traits at the molecular level. Techniques such as marker-assisted selection (MAS), genomic selection, and gene editing have streamlined the breeding process, expediting the development of elite cultivars with desired traits such as drought tolerance, disease resistance, and enhanced nutritional content.
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Moreover, the integration of cutting-edge technologies like next-generation sequencing (NGS) and high-throughput phenotyping has revolutionized data collection and analysis, enabling breeders to make informed decisions swiftly. The synergy between biology and informatics has paved the way for precision breeding, where genetic data guides the selection of parental lines with utmost accuracy, minimizing the time and resources required for variety development.
Market Drivers
The primary market drivers boosting the growth of the market are the agricultural benefits of adjuvant therapies, the increasing economic power of developing nations, and the growing prices of agricultural research and development. The molecular breeding industry has expanded greatly in response to rising consumer demand for cutting-edge genetic technologies. The molecular selection process utilizes molecular biology tools to enhance the genetic development of plants and animals. Because governments and corporations are devoting more resources to agricultural research, molecular breeding is becoming increasingly important. Molecular selection is becoming increasingly popular, thus this demand can also be met. Technology developments in genomic selection for genomic selection and cost reduction have led to refinements in the molecular selection process. The demand for molecular breeding solutions for high-value industrial crops is on the rise as farmers throughout the world adopt these methods to meet the rising tide of demand for high-value crops.
Growing demand for cereals and food grains, increased production of industrial and high-value crops, especially in emerging countries, and increased public and private investment in agro-genomics research facilities are anticipated to be the primary growth drivers of the market. The increased demand for effective crop protection technologies that may boost crop output and reduce the expense of genetic therapies is another key factor propelling the market’s expansion. Increased fruit and vegetable consumption, a more permissive regulatory climate for molecular breeding, and opportunities in animal breeding all bode well for the market’s further rise.
Market Restraints
The high cost of R&D is a big challenge for this business because it necessitates substantial expenditure. Companies may find it challenging to manage the costs of technological innovation, testing, and validation.
Key Players
MRFR recognizes the following companies as the key players in the global Molecular Breeding Market— Illumina, LGC Limited, Thermo Fisher Scientific, SGS, LemnaTec, Charles River, DanBred, Intertek, and Eurofins
Browse In-depth Market Research Report (128 Pages) on Molecular Breeding: https://www.marketresearchfuture.com/reports/molecular-breeding-market-11790
Market Segmentation
By Application
The plant industry was worth the most in the world. Although large seed companies have implemented molecular breeding technology to produce better seeds, this area of plant and livestock breeding is just getting started.
By Marker
The market for SNP testing was the largest in the world. Numerous breakthroughs have led to the creation of improved and more reliable DNA or genetic markers like SNPs and SSRS.
By Process
The marker-assisted selection submarket of the molecular breeding market was the most lucrative. The United States of America led the world in 2018 when it came to the rate of MAS adoption. Since more people are learning about genomic selection and its efficacy in increasing yield, especially for vegetables in developed countries, its use is expected to rise at a faster rate than any other agricultural technique.
Regional Analysis
The presence of major firms in the United States and Canada has contributed to the growth of the molecular breeding industry. Soybeans and maize are the two most important commercial crops in this region, so the U.S. government has put a premium on biotechnology and intensified molecular breeding efforts. Additionally, the North American Molecular Breeding market was led by the United States, but the highest growth was seen in Canada.
Europe’s Molecular Breeding market held a sizable proportion. High yields in the production of wheat and maize are possible because farmers are learning about the benefits of molecular breeding, which will create chances in the future market. Additionally, the German molecular breeding market retained the largest share, while the British molecular breeding industry grew at the highest rate in Europe.
The market for molecular breeding in Asia and the Pacific is projected to expand at a rapid clip. Demand is expected to rise throughout the forecast period as more breeders take advantage of molecular technology and learn about the benefits of molecular breeding. If countries like India, China, and Thailand were to boost their spending on molecular breeding, the market in the Asia Pacific region would expand. In addition, the Molecular Breeding market in China accounted for the lion’s share of the overall market, while the market in India grew at the quickest rate in the Asia-Pacific.
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