Molecular Breeding Market Research Report Information by Process (Marker-assisted selection, Marker-assisted backcrossing, QTL mapping), By Maker (SNP, SSR), By Application (Plant, Livestock), and Region (North America, Europe, Asia-Pacific, and South America, Middle East and Africa)—Industry Forecast till 2030
Over the course of the forecast period, the molecular breeding market is anticipated to increase at a compound annual growth rate (CAGR) of 16.24%. The market is expanding due to the growing development of High-Yielding and Stress-Resistant Varieties of molecular breeding, increased consumer demand for foods with improved nutritional profiles, and growing awareness of molecular breeding.
The need for the molecular breeding market is mostly driven by the growing creation of stress-resistant and high-yielding cultivars. It is imperative to create crops, and livestock breeds that can flourish in challenging environments while retaining high output, as the world's population continues to rise and environmental issues like climate change become more prominent. To address consumer demand for a crop that can grow in arid environments, researchers are using molecular breeding to generate crops. The chickpea project is the first AICRP among pulse crops to identify molecular breeding products for commercial release in India. During testing in drought-stricken India, this Pusa 10216 demonstrated improved yields. Consequently, the development of high-yielding crops through research and development is driving the expansion of the molecular breeding market.
Insights on market segmentsMarker-assisted backcrossing, QTL mapping, and segmental marker-assisted selection are all included in the Process-based molecular breeding market segmentation.
The segmentation of the molecular breeding market is predicated on a Maker that incorporates SSR and SNP.
Localized PerspectivesThe market is divided into four regions by the study: North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. In terms of market share in 2023, the North American molecular breeding market held the biggest share. Molecular breeding is becoming more accurate and productive thanks to advances in genomic technologies like CRISPR-Cas9 and next-generation sequencing. Both the governmental and private sectors have made significant investments in agricultural research and development in this region. The market is further driven by government initiatives that foster food security and agricultural innovation.
Because of the continent's robust research infrastructure and the cooperation between academic institutions and biotech companies, Europe is predicted to hold the second-largest market share in the molecular breeding market. Furthermore, the Spanish molecular breeding market is anticipated to grow at the quickest rate in the European region, while the German molecular breeding market was reported to have the biggest market share.
From 2024 to 2032, the Asia-Pacific Molecular Breeding market is anticipated to expand at the quickest rate. This is because molecular breeding is becoming more and more popular because of growing customer demand for wholesome, sustainable, and high-quality food. The growing demand is also driven by the need for crops that can withstand climate change.
Due to their enormous biological diversity and agricultural potential, South America, the Middle East, and Africa are becoming more and more desirable regions for agricultural research and investment. Market expansion is being driven by their increasing research capabilities and knowledge exchange activities, which further boost their competitiveness in the molecular breeding market.
Principal PlayersLeading Players in the Molecular Breeding Market: Illumina Inc. (US), Thermo Fisher Scientific Inc. (US), Slipstream Automation (New Zealand), Charles River Laboratories (US), Eurofins Scientific (Europe), DanBred P/S (Denmark), Intertek Group Plc (UK), LGC Limited (England), SGS Société Générale de Surveillance SA (Switzerland), and LemnaTec GmbH (Germany).