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Global Molecular Breeding Market Size was valued at USD 3.4 Billion in 2022. The Molecular Breeding market Technology is projected to grow from USD 3.9 Billion in 2023 to USD 14.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.30% during the forecast period (2023 - 2032). Adjuvant therapies' positive effects on agriculture, the growth of emerging nations' economies, and increased R&D expenditures on the agriculture sector as a whole, are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The need for genetic improvement has significantly increased the market for molecular breeding. In order to enhance the genetic development of plants and animals, molecular biology techniques are applied. Due to the growing importance of agricultural research and the rising investments made by governments and corporate organizations, the molecular breeding approach is becoming more and more necessary. Additionally, it can be met by the expanding application of molecular selection. Technology developments in genomic selection for genomic selection and cost reduction have improved the molecular selection process. The demand for molecular breeding solutions for high-value industrial crops is rising as farmers all around the world adopt strategies to meet the demand for high-value crops during the tide.
Rising industrial and high-value crop production, particularly in emerging nations, and rising governmental and private investment in agro-genomics research facilities are anticipated to be the primary drivers of the market's rise. The growing demand for potent crop protection measures that might boost crop production while also reducing the cost of genetic therapies is a crucial factor fueling the market's growth. Fruit and vegetable demand, an expanding worldwide population, a free environment for molecular breeding, and opportunities in animal breeding will all help the market continue to grow in a profitable and beneficial manner.
Global food production and consumption are rising quickly. From 1.6 tonnes per hectare in the first part of the 20th century to around 9.5 tonnes per hectare today, the average yield of maize in the United States has increased. The significant production increase, which drives the molecular breeding industry, is due to the use of hybrid maize, synthetic fertilizers, and the adoption of new agricultural techniques. The introduction of molecular breeding traits and the creation of cutting-edge breeding technologies using DNA-based markers have created a brand-new, cutting-edge industry for molecular breeding. For instance, during the next 20 years, maize yields in the United States could be tripled thanks to marker-assisted breeding and technological features. Thus, driving the Molecular Breeding market revenue.
The global Molecular Breeding market segmentation, based on Application, includes plant and livestock. Plant segment dominated the global market in 2022. Molecular breeding techniques have been used by large seed manufacturing companies to produce superior seeds, although this area of plant and livestock breeding is still in its infancy. It is projected that substantial expenditures in agrigenomic research, such as the use of MAS and genomic selection in field and vegetable crops, would come from both the public and private sectors over the next five years, driving the market's growth. The price decrease observed in the agricultural genetic services industry is another factor pushing big corporations to enter the market.
The global Molecular Breeding market segmentation, based on Marker, includes simple sequence repeat, single nucleotide polymorphism, expressed sequence tags, and others. Single nucleotide polymorphism segment dominated the global market in 2022. Numerous groundbreaking discoveries have led to the creation of better and more efficient DNA or genetic markers like SNPs and SSRS. While certain companies, such as Illumina Inc. LGC Limited, LemnaTec, and Charles River, predominantly rely on SNPs as molecular markers, Eurofins and Thermo Fisher provide selective breeding services such as MAS and genomic selection based on SNPs and SSRS.
The global Molecular Breeding market segmentation, based on Molecular Breeding Process, includes marker-assisted selection, QTL mapping, and marker-assisted backcrossing. The marker-assisted selection segment dominated the global Molecular Breeding market in 2022. The main country with the greatest MAS adoption rate in 2018 was the United States. For the production of novel crop varieties, molecular breeding techniques have been fully accepted in the Netherlands and the UK. Since more people are becoming aware of its usefulness in increasing yield, particularly for vegetables in industrialized nations, it is projected that genomic selection will spread the fastest.
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Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. In 2022, this market was headed by the North American Molecular Breeding Market (45.80%). Due to the presence of significant firms in the United States and Canada, the molecular breeding industry has experienced an increase in acceptance. The primary commercial crops in this region, soybeans and maize, have seen greater use of molecular breeding as well as a strong emphasis on biotechnology from the U.S. government. Further, In the North American area, the U.S. Molecular Breeding market had the biggest market share, while the Canada Molecular Breeding market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In 2022, the Europe Molecular Breeding market held a sizable market share. This is because farmers are becoming more aware of the advantages of molecular breeding, which will open up opportunities in the future market, leading to high yields in the production of wheat and maize. Further, In the European region, the German Molecular Breeding market had the biggest market share, and the U.K. Molecular Breeding market had the quickest rate of growth.
From 2023 to 2032, the Asia Pacific Molecular Breeding market is anticipated to grow significantly. It is projected that breeders' adoption of molecular technology will raise their understanding of the benefits of molecular breeding, which will increase demand over the anticipated timeframe. An increase in investments in countries like India, China, and Thailand will lead to a growth in the molecular breeding market in the Asia Pacific region. Moreover, In the Asia-Pacific region, the Indian Molecular Breeding market had the quickest rate of growth while China's Molecular Breeding market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Molecular Breeding market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Molecular Breeding sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Molecular Breeding industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Molecular Breeding sector. Major players in the Molecular Breeding market, including Illumina, LGC Limited, Thermo Fisher Scientific, SGS, LemnaTec, Charles River, DanBred, Intertek, and Eurofins, are attempting to increase market demand by investing in research and development operations.
Illumina Inc. (Illumina) offers genomic sequencing and array-based technologies for genetic analysis in the fields of cancer, consumer and translational genomics, and molecular diagnostics. The product line of the business includes sequencing kits and reagents, tools and systems for sequencing, kits and reagents for microarrays, reagents for molecular biology, and arrays and reagents. It offers support for microarrays, human whole-genome sequencing, equipment upkeep, instruction, and advice. The business offers its services to academic institutions, clinical research organisations, genomic research centres, pharmaceutical corporations, and biotechnology firms. In the Americas, Asia-Pacific, Europe, the Middle East, and Africa, the corporation sells its goods directly to customers as well as through distributors. The corporate offices of Illumina are located in the American city of San Diego. NRGene, an Israeli business that has mapped the genomes of bread, pasta, and wild emmer wheat, and Illumina, Inc. have struck into agreements for the use of NRGene's cloud-based tools for genomic analysis.
LemnaTec is a producer of plant phenotyping systems and digital phenotyping technology. With the use of the company's digital phenotyping technology, data produced from digital photos can be extracted, allowing researchers to precisely gauge how climate and environment affect plant development and characterise genomic functionality. LemnaTec is an expert in tools for quantitatively evaluating plants by phenotyping them. They market their systems to universities as well as breeders, research centres, and commercial participants in the seed and agriculture industries. In October 2020, LemnaTec widened their selection of systems. Such a system is the PhenoAIxpert HT, designed for high-throughput phenotyping using a variety of camera types, such as visible light, fluorescence, or hyperspectral imaging.
· Illumina
· LGC Limited
· Thermo Fisher Scientific
· SGS
· LemnaTec
· Charles River
· DanBred
· Intertek
· Eurofins
May 2023: The Canadian company QScale is investing $1 billion on a data center campus in Lévis, Quebec, that will use the warmth from its computers to grow more than 80,000 tonnes of veggies every year in surrounding greenhouses.
May 2023: Hoogendoorn Growth Management and Saint-Gobain Cultilene unveiled Connected Irrigation at GreenTech 2023 as a cutting-edge upgrade to the company's intelligent IIVO irrigation module. By taking substrate conditions into account, the new program enables just-in-time supply of natural resources and ensures sustainable crop development.
· Plant
· Livestock
· Simple Sequence Repeat
· Single Nucleotide Polymorphism
· Expressed Sequence Tags
· Others
· Market Assisted Selection
· QTL Mapping
· Marker Assisted Back Crossing
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 3.4 Billion |
|
Market Size 2023 |
USD 3.9 Billion |
|
Market Size 2032 |
USD 14.8 Billion |
|
Compound Annual Growth Rate (CAGR) |
18.30% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Application, Marker, Molecular Breeding Process, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Illumina, LGC Limited, Thermo Fisher Scientific, SGS, LemnaTec, Charles River, DanBred, Intertek, and Eurofins |
|
Key Market Opportunities |
Global demand for production and consumption |
|
Key Market Dynamics |
The agricultural benefits associated with adjuvant solutions and the growth of economies in developing countries, coupled with the increasing R&D expenses in the agriculture industry |
The global Molecular Breeding Market was valued at USD 3.4 billion in 2022, and it is estimated to reach USD 14.8 billion by 2032.
The global market is projected to grow at a CAGR of 18.30% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Illumina, LGC Limited, Thermo Fisher Scientific, SGS, LemnaTec, Charles River, DanBred, Intertek, and Eurofins
The Plant Application dominated the market in 2022.
The Single Nucleotide Polymorphism Marker had the largest share in the global market.
Report Code :
RL65125
Published on :
Aug 2023
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