The molecular crop breeding market is likely to reach USD 2.1 billion by 2028 and is expected to expand at a compound annual growth rate of 16.20% over the forecast period of 2021 to 2028. The rapid increase in the trade of animal genetic resources is the factor for the molecular crop breeding market in the forecast period of 2021 to 2028.
Molecular breeding is the procedure of genetically improvement of plants and animals. Molecular biology method applied to breeding at molecular level. The makers of genes are changed by mix and match of DNA makers in the molecular breeding technique.
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The molecular crop breeding market is expected to gain growth, due to the rise in funds for agrigenomics. Also the exponential fall in the cost for genomic solutions and rapid technological advancements are also expected to drive the market for molecular crop breeding over the forecast period of 2021 to 2028. The rise in number of partnerships, collaborations and acquisitions is also likely to lift the growth of the molecular crop breeding market. Also the increase in cultivation of industrial and high-value crops and rise in R&D expenses in the agriculture industry are also the major driving factors leading towards the growth of the molecular crop breeding market.
However, the high cost of molecular breeding in comparison to conventional breeding techniques and less awareness and misconception regarding molecular breeding programs are expected to curb the growth of the molecular crop breeding market in the above mentioned forecast period, whereas the lack of skilled professionals and lack of laboratory infrastructure can challenge the growth of the target market.
Competitive Landscape and Molecular Crop Breeding Market Share Analysis
The molecular crop breeding market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to molecular crop breeding market.
The major players covered in the molecular crop breeding report are Illumina, Inc., Eurofins Scientific, Thermo Fisher Scientific, SGS SA, LGC Limited, DanBred P/S, Intertek Group plc, LemnaTec GmbH, Charles River Laboratories, Slipstream Automation, Syngenta, Bayer AG, DuPont, KWS SAAT SE & Co. KGaA, Equinom, and Hudson River Biotechnology, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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This molecular crop breeding market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the molecular crop breeding market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Molecular Crop Breeding Market Scope and Market Size
The global molecular crop breeding market is segmented on the basis of process and marker. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of process, the molecular crop breeding market is segmented into QTL mapping, marker-assisted selection (MAS), marker-assisted backcrossing (MABC), genomic selection and others.
- The molecular crop breeding market is also segmented on the basis of marker into single nucleotide polymorphism (SNP), simple sequence repeats (SSR) and others.
Molecular Crop Breeding Market Country Level Analysis
The molecular crop breeding market is analyses and market size, volume information is provided by country, process and marker as referenced above.
The countries covered in the molecular crop breeding market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the molecular crop breeding market because of the increase in focus on application of biotechnology by U.S government associated with rise in use of molecular breeding on soybean and corn. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in awareness regarding benefits of molecular breeding among the crop breeders and high investments in countries such as India, China and Thailand.
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