Molecular Breeding

Molecular Breeding

Global Molecular Breeding Market to Reach US$31.1 Billion by 2030

The global market for Molecular Breeding estimated at US$10.1 Billion in the year 2023, is expected to reach US$31.1 Billion by 2030, growing at a CAGR of 17.5% over the analysis period 2023-2030. Marker-Assisted Selection (MAS) Process, one of the segments analyzed in the report, is expected to record a 18.0% CAGR and reach US$11.7 Billion by the end of the analysis period. Growth in the QTL Mapping Process segment is estimated at 17.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.8 Billion While China is Forecast to Grow at 16.5% CAGR

The Molecular Breeding market in the U.S. is estimated at US$2.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 16.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 15.4% and 14.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.

Global Molecular Breeding Market - Key Trends and Drivers Summarized

Why Is Molecular Breeding Revolutionizing Agriculture?

Molecular breeding is a method used to enhance crop quality and yield through the manipulation of genes at the molecular level. This approach involves using molecular markers and genetic engineering techniques to identify desirable traits in plants and incorporate them into new crop varieties. Molecular breeding has transformed traditional agricultural practices by enabling the development of crops that are resistant to pests, diseases, and environmental stresses, as well as crops with improved nutritional content and growth rates. This technology is critical for meeting the increasing global demand for food, driven by population growth and changing dietary preferences. The adoption of molecular breeding is rapidly expanding in the agricultural industry due to its ability to accelerate crop improvement processes. Compared to traditional breeding methods, molecular breeding allows for more precise and targeted manipulation of genetic material, resulting in faster development of high-yield and stress-resistant crop varieties. This technology is being used to improve a wide range of crops, including cereals, fruits, vegetables, and oilseeds, enhancing their quality and resilience.

What Are the Key Trends in Molecular Breeding?

Several trends are shaping the molecular breeding market, including the growing focus on sustainable agriculture, advancements in genetic engineering technologies, and increasing government support for agricultural research. The push towards sustainable farming practices is driving the adoption of molecular breeding to develop crops that require fewer inputs such as water, pesticides, and fertilizers. This is essential for reducing the environmental impact of agriculture and improving food security. Advancements in genetic engineering, such as CRISPR/Cas9 gene editing, are enabling more precise and efficient crop improvement, expanding the possibilities for molecular breeding. Government initiatives and funding for agricultural biotechnology research are also accelerating the development and adoption of molecular breeding technologies. These trends are creating a favorable environment for the growth of the molecular breeding market.

How Do Market Segments Influence Molecular Breeding?

Techniques include marker-assisted selection, marker-assisted backcrossing, genomic selection, and genetic engineering, each serving different purposes based on the desired crop traits. In terms of application, molecular breeding is used for yield improvement, disease resistance, and quality enhancement of crops. The major crop types benefiting from molecular breeding include cereals, oilseeds, fruits, and vegetables. Geographically, the market is dominated by North America, driven by advanced agricultural practices, significant investments in biotechnology research, and favorable regulatory policies. Europe also represents a significant market, with increasing adoption of molecular breeding for sustainable agriculture. The Asia-Pacific region is experiencing rapid growth due to rising food demand, expanding agricultural biotechnology initiatives, and government support for crop improvement programs.

What Factors Are Driving the Growth in the Molecular Breeding Market?

The growth in the molecular breeding market is driven by several factors, including the increasing global demand for food, advancements in genetic engineering technologies, and the need for sustainable agriculture practices. The rising population and changing dietary patterns are boosting the demand for high-yield and stress-resistant crops. Technological innovations in molecular breeding are enhancing the efficiency of crop improvement processes. Additionally, the growing focus on sustainable agriculture and government support for biotechnology research are further driving the adoption of molecular breeding in the agricultural sector.

Select Competitors (Total 32 Featured) -

• Eurofins Scientific
• Illumina
• LGC Limited
• Thermo Fisher Scientific, Inc.
• SGS SA
• DanBred
• Intertek Group Plc
• LemnaTec GmbH
• Charles River Laboratories
• Slipstream Automation
• Fruitbreedomics

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