The global Molecular Breeding market held XX% of market shares in 2020 and is expected to reach at US$ XX Bn with a CAGR of XX% during the forecast period.
The process of genetic improvement of plants & animals is called molecular breeding. The process is dealt with genetic manipulation in plants & animals at the DNA level. The various gene manipulation techniques are used in the process like marker-assisted selection, genomic selection, QTL mapping, etc. molecular breeding improves crop yield and reduces disease resistance, biotic and abiotic stress resistance.
Global Molecular Breeding Market
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The report covers a detailed analysis of the Global molecular breeding market from both supply and demand-side and also with the past market dynamics from 2016-2020. The analysis will help readers to compare growth in the market with past trends to the current market scenario.
The report has profiled more than fifteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
COVID-19 Impact on Global Molecular Breeding Market
The report on the global molecular breeding market explains in detail the covid-19 pandemic impact on the key players and compared revenue, profit-loss, share value from the data available. Reports provides conclusion from pre and post covid-19 data available about the key players strategies which help for new entrants as a guide in pandemic situation.
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The report helps for understanding Global molecular breeding Market dynamics, structure by analyzing the market segments and projects the Global molecular breeding Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global molecular breeding Market makes the report investor’s guide.
Global Molecular Breeding Market Dynamics
The growing cultivation of industrial and high-value crops, increasing research and development expenses for agriculture industries, rising funds for agro genomic research, reduction in the cost of genetic solutions are expected driving factors for global molecular breeding the market in the forecast period. The price of molecular breeding is high as compared with conventional breeding, which is an expected restraining factor along with a lack of infrastructure in developing countries for the growth of the global molecular breeding market. The limit on the adaption of molecular breeding by economies will act challenge for the growth of the market.
The molecular breeding free environment and scope in livestock breeding are acting as new opportunities for the global molecular breeding market.
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Global Molecular Breeding Market Key Players
• Thermo Fisher Scientific (US)
• Intertek Group Plc (UK)
• Slipstream Automation (New Zealand)
• Charles River (US)
• Illumina Inc. (US)
• Eurofins Scientific (Luxembourg)
• LGC Biosearch Technologies (UK)
• SGS (Switzerland)
• LemnaTec GmbH (Germany)
• FruitBreedomics (Consortium)
• DanBred (Denmark)
• Keygene N.V. (Netherland)
• NRGene (US)
• Genetwister Technologies B.V. (Netherlands)
Global Molecular Breeding Market, By Application
• Plant
o Oilseeds & pulses
o Cereals & grains
o Vegetables
o Others (fruits, greenhouse and nursery plants)
• Livestock
o Cattle
o Poultry
o Others (Equine, Aquaculture, Swine and other avian livestocks)
Plant segment is expected to grow with CAGR of XX% to reach US$ XX Bn during forecast period.
The various industries are concern about food security which results in an increase in demand and the gap between demand and supply are created. This increased gap between demand and supply due to rising demand in the plant segment is an expected driving factor for plant molecular breeding in the forecast period.
Global Molecular Breeding Market, By Marker
• Simple Sequence repeats (SSR)
• Single Nucleotide Polymorphism (SNP)
• Others
Single nucleotide polymorphism is expected to reach US$ XX Bn with a CAGR of XX% during forecast period.
The single nucleotide polymorphism (SNP) segment is expected to grow at a XX% in the forecast period compared to others. The SNP is in the simplest form of molecular markers and provides a high number of loci. The accuracy of the SNP segment is high compared to SSRs.
Global Molecular Breeding Market, By Process
• Marker-assisted selection (MAS)
• QTL mapping
• Marker-assisted backcrossing (MABC)
• Genomic selection
• Others
The genomic selection segment held XX% of global market shares in 2020 and is expected to reach US$ XX Bn with a CAGR of XX% during the forecast period.
The genomic selection segment is expected to be fasted growing segment during the forecast period due to the recent developments in the molecular breeding market and increasing awareness about genomic selection. The increased awareness about genomic selection is expected to force for acceptance of genomic selection.
Global Molecular Breeding Market, By Region
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East & Africa
North America is expected to grow in forecast period to reach US$ XX Bn with CAGR of XX%.
The US government is focusing on applications of biotechnology for crop yield. Molecular breeding on soybean and corn is more used in this region. The soybean and corn are major commercial crops in North America. The increasing use of molecular breeding for these two commercial crops helps in segment growth.
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