Molecular Breeding Market

Molecular Breeding Market worth $3.95 billion by 2023

The report "Molecular Breeding Market by Process (Qtl Mapping, Marker-Assisted Selection, Marker-Assisted Backcrossing, and Genomic Selection), Marker (Snp, Ssr), Application (Crop Breeding and Livestock Breeding), and Region-Global Forecast to 2023" The molecular breeding market is projected to reach USD 3.95 billion by 2023, from USD 1.79 billion in 2018, at a CAGR of 17.11% during the forecast period. The market is driven by factors such as the rising public and private funds toward agrigenomic research, declining prices of genomic solutions, increasing adoption of molecular techniques in livestock breeding, and technological advancements such as the emergence of genomic selection technology in the market.

     Request Customisation     Download PDF Brochure     View TOC

Browse 74 market data Tables and 40 Figures spread through 155 Pages and in-depth TOC on "Molecular Breeding Market by Process (Qtl Mapping, Marker-Assisted Selection, Marker-Assisted Backcrossing, and Genomic Selection), Marker (Snp, Ssr), Application (Crop Breeding and Livestock Breeding), and Region-Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/molecular-breeding-market-168846611.html
Early buyers will receive 10% customization on reports.

Marker-assisted selection is estimated to be the most widely used process of molecular breeding.

Marker-assisted selection is the most widely adopted process in molecular breeding by key breeding entities, majorly for crop applications. Cost and time efficiency are the major factors attributing to the increasing adoption of this technique over traditional methods. Also, among the services offered by key players, marker-assisted selection witnessed higher demand as a result of its simplicity and accuracy in comparison to traditional methods.

Single Nucleotide Polymorphism (SNP) segment is projected to be the fastest-growing during the forecast period.

The SNP segment is projected to register the highest growth rate from 2018 to 2023. SNP provides the simplest form of molecular markers as a single nucleotide base. They are abundant, ubiquitous, and amenable to high- and ultra-high-throughput automation. Owing to the high accuracy and higher number of loci with SNP in comparison to SSRs, companies have been using SNPs for molecular breeding services. As per inputs from industry experts, the adoption of SNPs is expected to increase until the introduction of a better molecular marker. Even in case of a new marker discovery, SNPs would still be the most widely used marker during the forecast period, taking into account the high possible prices of the new markers.

North America is estimated to dominate the market in 2018, while Asia Pacific is projected to be the fastest-growing market for molecular breeding through 2023.

The North American region is estimated to account for the largest share in 2018 due to the presence of players such as Eurofins (Luxembourg), Illumina (US), Thermo Fisher Scientific (US), and Charles River (US). Moreover, the presence of these companies in technologically advanced countries such as the US and Canada has resulted in an increase in the adoption of molecular breeding technologies. Additionally, factors such as the rising number of entrepreneurial farmers with increasing awareness of modern agricultural practices and efficient distribution channels are the key competitive advantages for the North American market.
The market for molecular breeding in the Asia Pacific region is projected to grow at the highest CAGR from 2018 to 2023, owing to the increasing investments by key players in countries such as China, India, and Thailand along with the rising adoption of molecular technology among crop breeders.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Eurofins (Luxembourg), Illumina (US), LGC Limited (UK), Thermo Fisher Scientific (US), SGS (Switzerland), DanBred (Denmark), Intertek Group (UK), LemnaTec (Germany), Charles River (US), Slipstream Automation (New Zealand), and Fruitbreedomics (consortium). 

Don’t miss out on business opportunities in Molecular Breeding Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
AGI 6592
Published ON
Sep, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Molecular Breeding Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved