According to the report, the global molecular breeding market was valued at approximately USD 1.5 billion in 2017 and is expected to generate revenue of around USD 4.6 billion by the end of 2024, growing at a CAGR of around 17.23% between 2018 and 2024.
New York, NY, Dec. 05, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Molecular Breeding Market by Marker (Simple Sequence Repeats (SSR), Single Nucleotide Polymorphism (SNP), and Others), by Process (Marker-Assisted Selection (MAS), QTL Mapping, Genomic Selection, Marker-Assisted Backcrossing (MABC), and Others), and by Application (Livestock and Crop): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024”. According to the report, the global molecular breeding market was valued at approximately USD 1.5billion in 2017 and is expected to generate revenue of around USD 4.6billion by the end of 2024, growing at a CAGR of around 17.23% between 2018 and 2024.
Molecular breeding deals with genetic manipulation in plants and animals at the DNA level. Molecular breeding aims at improving crop yield and reducing disease resistance, biotic and abiotic stress resistance, etc. Breeding process is performed using various gene manipulation techniques, such as marker-assisted selection, genomic selection, QTL mapping, etc., with the help of various molecular markers, such as Simple Sequence Repeats (SSR) and Single Nucleotide Polymorphism (SNP). Molecular markers are selected based on the trait to be improved.
Browse through 90 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global Molecular Breeding Market: Industry Type, Size, Share, Trends and Forecast, 2017–2024”.
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Worldwide, the population is growing at a considerable rate and is expected to reach about 8.6 billion by 2030, as per the United Nations. With the population growth, food demand is expected to rise. Crop and livestock yield need to be improved in order to meet the growing food demand in the future. The need to improve crop yield is the major factor driving the growth of the molecular breeding market. Also, crop yield is largely affected by climatic conditions. Biotic and abiotic stress resistant crops can be produced using molecular breeding techniques with improved yield and other traits, which in turn, are predicted to help drive the market growth. Other factors accelerating the molecular breeding market growth include increased government funding for agrogenomic research, technological advancements made in molecular biology, declining prices of genetic and molecular biology research products, and huge investments made in research and development activities by market players considering the market potential of the molecular breeding products. The expansion of the molecular breeding market is likely to be hampered mainly by the need for huge capital investments and the lack of advanced infrastructure in developing economies. Growing demand for industrial crops, such as wheat and corn, might act as an opportunity for the expansion of the molecular breeding market.
The global molecular breeding market is divided based on the marker, process, and application. The marker segment is categorized into Simple Sequence Repeats (SSR), Single Nucleotide Polymorphism (SNP), and others. The others segment includes a sequence tagged site, Expressed Sequence Tags (EST), and Random Amplified Polymorphic DNA (RAPD). Based on the breeding process, this market is segmented into a marker-assisted selection (MAS), QTL mapping, genomic selection, Marker-Assisted Backcrossing (MABC), and others. The others segment includes position gene cloning, Marker-Assisted Recurrent Selection (MARS), and genetic fingerprinting. The molecular breeding market has applications in crop and livestock. The crop segment holds the maximum share of the application segment, whereas the livestock segment is projected to grow significantly in the upcoming years. The crop segment is further classified into oilseeds & pulses, cereals & grains, vegetables, and other crops. Cattle, poultry, and others are the sub-segments of the livestock application segment.
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In 2017, North America held about 43% share of the molecular breeding market. North America represents the developed regional market for molecular breeding. Highly developed infrastructure along with the presence of major players in this region is likely to help accelerate the market growth in this region. Other factors propelling the market growth in North America are favorable research grant/fund and declining prices of molecular biology products due to intense competition among the top players. North America is expected to hold its leading position during the forecast period and exhibit rapid growth. At the country level, the U.S. dominated the molecular breeding market in 2017. Wide acceptance and use of molecular breeding for various crops, such as soybean, corn etc., along with technological advancements in molecular biology and genetic engineering contributed to the market growth of this country. Additionally, market growth is projected to boost in the U.S. owing to increased R&D spending by major market players.
In terms of revenue share, Europe was the second largest region. Well-developed research facilities along with the presence of highly skilled personnel are predicted to drive market growth. Germany is the most developed market in Europe for the molecular breeding market. Growing research in the field of genetic engineering and molecular biology is predicted to propel the market growth. Europe is expected to be a major region in the molecular breeding market over the forecast time period.
Browse the full “Molecular Breeding Market by Marker (Simple Sequence Repeats (SSR), Single Nucleotide Polymorphism (SNP), and Others), by Process (Marker-Assisted Selection (MAS), QTL Mapping, Genomic Selection, Marker-Assisted Backcrossing (MABC), and Others), and by Application (Livestock and Crop): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024”report at https://www.zionmarketresearch.com/report/molecular-breeding-market
Increased economic development in India and China will boost the molecular breeding market in the Asia Pacific region. This region is projected to register the highest CAGR during the forecast time period. China and India have a large population base and, hence, the food demand is growing rapidly. The demand for high-quality seeds owing to the surge in food demand in these emerging economies is anticipated to drive the molecular breeding market in this region. Additionally, the focus of major market players in the region on molecular breeding is another important factor that is likely to fuel the molecular breeding market in this region.
The molecular breeding market in the Middle East and Africa is in its developing phase. The slow growth in this market is due to the lack of research facilities in this region. Latin America would show moderate growth in the molecular breeding market in the forecast time period.
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Some key players operating in the molecular breeding market include Illumina, Eurofins, LGC Limited, SGS, Thermo Fisher Scientific, Intertek Group, DanBred, LemnaTec, Slipstream Automation, Charles River, and FruitBreedomics, among others.
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This report segments the global molecular breeding market as follows:
Global Molecular Breeding Market: By Marker
- Simple Sequence Repeats (SSR)
- Single Nucleotide Polymorphism (SNP)
- Others (Sequence Tagged Site, Expressed Sequence Tags (EST), and Random Amplified Polymorphic DNA (RAPD))
Global Molecular Breeding Market: By Process
- Marker-Assisted Selection (MAS)
- QTL Mapping
- Genomic Selection
- Marker-Assisted Backcrossing (MABC)
- Others (Position Gene Cloning, Marker-Assisted Recurrent Selection (MARS), and Genetic Fingerprinting)
Global Molecular Breeding Market: By Application
- Crop
- Oilseeds & Pulses
- Cereals & Grains
- Vegetables
- Other Crops (Fruits, Greenhouse & Nursery Plants, and Ornamentals)
- Livestock
- Cattle
- Poultry
- Others(Equine, Aquaculture, Swine, and Other Avian Livestock)
Global Molecular Breeding Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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