PUBLISHER: The Business Research Company | PRODUCT CODE: 1414429
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414429
“Molecular Breeding Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on molecular breeding market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for molecular breeding? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The molecular breeding market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Molecular breeding is a technique employed to pinpoint and select specific genetic traits within organisms by identifying particular genes or markers linked to those desired traits. This method facilitates the tracking of these traits across successive breeding generations.
Key processes involved in molecular breeding encompass QTL (Quantitative Trait Locus) mapping, marker-assisted selection, marker-assisted backcrossing, genomic selection, and other related methodologies. QTL mapping, known as Quantitative Trait Locus mapping, is a statistical genetic research method used to pinpoint regions within the genome associated with specific quantitative traits, such as height, weight, or disease susceptibility. Molecular breeding relies on segregation by methods such as single sequence repeats (SSR), single nucleotide polymorphism (SNP), and other similar techniques, applied extensively in both crop and livestock breeding endeavors.
The molecular breeding market research report is one of a series of new reports from The Business Research Company that provides molecular breeding market statistics, including molecular breeding industry global market size, regional shares, competitors with a molecular breeding market share, detailed molecular breeding market segments, market trends and opportunities, and any further data you may need to thrive in the molecular breeding industry. This molecular breeding market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed in the historical period can be credited to several factors. These include the emergence and adoption of marker-assisted selection (MAS), the widespread uptake of biotechnological tools, advancements in methods for phenotyping, a transition towards high-throughput screening techniques, and a significant revolution within the seed industry.
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%. Anticipated growth in the forecast period can be linked to several factors, including an increased demand for disease-resistant varieties, a concentrated effort on climate adaptation, concerns about food security due to a growing population, the prioritization of consumer preferences for quality traits, and supportive regulatory measures for biotechnology.
The surge in cultivating industrial and high-value crops stands as a catalyst driving the molecular breeding market's growth trajectory. Focused on crops with elevated market value due to their utility in diverse industrial applications, this cultivation seeks to harness molecular breeding's capabilities. Molecular breeding empowers plants with superior traits such as disease resistance, heightened yields, and resilience to drought, enhancing crop quality and market value. For example, data from the National Agricultural Statistics Service in January 2022 revealed an uptick in corn and soybean production per acre from 2020 to 2021, underscoring the pivotal role of increased cultivation of high-value crops in propelling the molecular breeding market.
Rising public and private investment in agro-genomics research capacities serves as a propelling force behind the molecular breeding market's expansion. This investment, both government-backed and commercial, aims to elevate agricultural genetics and technology, facilitating improved crop yield and sustainability. Notably, April 2023 data from Genomic Canada highlighted the Canadian government's allocation of $18.1 million through Genome Canada for advanced research initiatives spanning health, environment, and agriculture, utilizing genomics. This significant investment underscores the substantial role of augmented public and private expenditure in fostering innovation and driving growth within the molecular breeding domain.
Technological advancements represent a pivotal trend shaping the molecular breeding market landscape. Key industry players leverage new technologies to fortify their market positions. For instance, the August 2021 launch of Khufu, a computational tool by HudsonAlpha Institute for Biotechnology, revolutionizes plant breeding by swiftly and accurately identifying complex genome variants. Khufu's capabilities aid in pinpointing genetic factors and selecting advantageous traits, revolutionizing breeding practices and elevating existing crop lines with enhanced characteristics.
Major industry players focus on developing innovative service solutions tailored to mutation breeding in plants, enhancing crop traits and breeding efficiencies. These tailored services involve customized approaches to induce specific genetic changes, optimizing plant characteristics through controlled mutation processes. For instance, Lifeasible's June 2023 launch of tailored mutation breeding services caters to enhancing plant gene functions, correlating genotypes with phenotypic traits, and elevating crop trait improvement. The strategic use of mutational breeding stands as a powerful tool in the pursuit of advancing molecular breeding practices and elevating crop quality.
In November 2022, Bayer AG, a German pharmaceutical and biotechnology company, completed the acquisition of Targenomix for an undisclosed sum. This strategic acquisition significantly enhances Bayer's molecular breeding technology through the integration of sophisticated computational life science tools. These tools will expedite the creation of potential molecules aimed at enhancing agricultural production by developing plants resistant to insects, weeds, and diseases.Targenomix, a biotechnology firm based in Germany, employs a biology-focused approach that incorporates molecular biology, metabolomics, and transcriptomics fused with data integration methodologies.
Major companies operating in the molecular breeding market report are Illumina Inc., LGC Group Limited, Eurofins Scientific SE, Thermo Fisher Scientific Inc., SGS Societe Generale 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
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
The countries covered in the molecular breeding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The molecular breeding market consists of revenues earned by entities by providing genotyping, marker-assisted selection, genomic selection, and bioinformatics services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.