Molecular Breeding Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview
Molecular Breeding Market Trends, Growth Opportunities, and Forecast Scenarios
The molecular breeding market is experiencing rapid growth due to advancements in technologies such as genomics, proteomics, and bioinformatics. These technologies have allowed for more efficient and precise breeding of crops, livestock, and other organisms. The increasing demand for improved agricultural productivity, as well as the need for sustainable farming practices, is driving the growth of the molecular breeding market.
In addition, the rising global population and changing climate conditions are creating a need for crops and livestock that are more resilient to disease, pests, and environmental stress. Molecular breeding offers a solution by enabling breeders to identify and select desirable traits at the genetic level, leading to the development of more productive and resilient varieties.
The market is also benefiting from the growing adoption of molecular breeding techniques by agricultural biotechnology companies and research institutions. These organizations are increasingly investing in research and development activities to develop new breeding tools and technologies.
Furthermore, the increasing collaborations and partnerships between biotechnology companies, seed companies, and academic institutions are driving innovation and expanding the scope of molecular breeding applications.
Overall, the molecular breeding market is expected to continue growing at a steady pace in the coming years, driven by increasing demand for sustainable agriculture practices, rising investments in research and development, and advancements in technology. This presents numerous growth opportunities for market players looking to capitalize on the growing demand for improved crop and livestock varieties.
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Molecular Breeding Market Competitive Analysis
The competitive landscape of the molecular breeding market includes key players such as Eurofins, Thermo Fisher, Illumina, SGS, LGC Group, Danbred, Intertek, Lemnatec, Charles River, Slipstream Automation, and Fruitbreedomics. These companies utilize molecular breeding technology for genetic analysis, trait selection, and breeding programs to develop improved crops and livestock. Through their services and products, they contribute to the growth of the molecular breeding market. Some sales revenue figures (2019) include: Eurofins ($ billion), Thermo Fisher ($25.5 billion), Illumina ($3.54 billion), and LGC Group (£300 million).
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In terms of Product Type, the Molecular Breeding market is segmented into:
Single Nucleotide Polymorphism (SNP) and Simple Sequence Repeats (SSR) are the two major types of molecular markers used in breeding programs. SNP is the most common type of genetic variation in the genome, while SSRs are short tandem repeat sequences. Both markers play a crucial role in identifying genes associated with desirable traits, facilitating marker-assisted selection and accelerating the breeding process. Other types of markers, such as Insertion-Deletion Polymorphisms (InDels) and Random Amplified Polymorphic DNA (RAPD), also contribute to the efficiency and precision of molecular breeding techniques. These molecular markers help in boosting the demand for Molecular Breeding market by providing a cost-effective and accurate way to improve crop varieties, ensuring higher productivity and resistance to biotic and abiotic stress factors.
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In terms of Product Application, the Molecular Breeding market is segmented into:
Molecular breeding is used in various applications such as cereals & grains, oilseeds & pulses, vegetables, and others to develop improved varieties with desirable traits like disease resistance, high yield, and quality. In cereals & grains, it helps in increasing yield and nutritional content. In oilseeds & pulses, it aids in developing drought-tolerant varieties. In vegetables, it enhances shelf life and taste. The fastest growing application segment in terms of revenue is vegetables, as consumer demand for nutritious and high-quality vegetables is increasing rapidly.
Overall, molecular breeding is essential in improving crop productivity, quality, and resilience to environmental challenges in various agricultural sectors.
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Molecular Breeding Industry Growth Analysis, by Geography
The molecular breeding market is expected to show significant growth in regions such as North America, Asia Pacific, Europe, the USA, and China due to increasing demand for improved crop yield and productivity. Among these regions, North America and Europe are expected to dominate the market with a market share of 30% and 25% respectively. The USA is expected to have the highest market share percentage valuation of 35%, followed by China at 28% due to the large-scale adoption of molecular breeding techniques in the agriculture sector. Asia Pacific is also expected to have a substantial market share of 20% due to the presence of emerging economies and increasing investment in research and development activities.
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