Global Molecular Breeding Market Size 2024, Forecast To 2033
6 Mar, 2024
The molecular breeding market size has grown rapidly in recent years. It will grow from $3.45 billion in 2023 to $4.11 billion in 2024 at a compound annual growth rate (CAGR) of 18.9%. The growth in the historic period can be attributed to the emergence of marker-assisted selection (MAS), adoption of biotechnological tools, improvements in phenotyping methods, shift to high-throughput screening, seed industry revolution. 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 the 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.
Global Molecular Breeding Market Key Driver
The expansion of industrial and high-value crop cultivation is anticipated to drive the growth of the molecular breeding market in the foreseeable future. Industrial and high-value crops represent agricultural endeavors focused on crops that hold greater market value due to their widespread use in various industrial applications. Molecular breeding techniques facilitate the cultivation of such crops by imparting superior traits such as disease resistance, high yields, and drought tolerance to plants. Thus, the escalating cultivation of industrial and high-value crops is poised to bolster the molecular breeding market. Notably, data from January 2022 provided by the National Agricultural Statistics Service, a division of the United States Department of Agriculture, indicates an increase in corn production from 81,313 per 1000 acres in 2020 to 85,388 per 1000 acres in 2021. Similarly, soybean production rose from 82,603 per 1000 acres in 2020 to 86,322 per 1000 acres in the same period. These statistics underscore the role of increased crop cultivation in driving the growth of the molecular breeding market, reflecting its strength in 2023.
Get A Free Sample Of The Global Molecular Breeding Market ReportGlobal Molecular Breeding Market Segments
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
By Geography:The regions covered in the molecular breeding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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
Major Molecular Breeding Industry Players
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
Get The Full Global Molecular Breeding Market ReportMolecular Breeding Market Overview
Molecular breeding is a technique to identify and select desired genetic traits in organisms, by identification of specific genes or markers that are linked to the desired traits, which can be used to track those traits through generations of breeding.
Molecular Breeding Global Market Report 2023 provides data on the global molecular breeding market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The molecular breeding market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.