Molecular Breeding Market

Global Molecular Breeding Market Size (2024 to 2032)

The global molecular breeding market was valued at USD 8.15 billion in 2023 and is anticipated to reach USD 9.72 billion in 2024 from USD 39.90 billion by 2032, growing at a CAGR of 19.3% from 2024 to 2032.

The process of developing new crop varieties takes almost 20 to 25 years, but this time can be reduced to almost 7 to 8 years through the use of biotechnology. Tools such as marker-assisted selection (MAS) make it easier and faster for scientists to select plant characteristics with more productive results. Molecular selection technology is in its infancy. The Netherlands and the UK have witnessed the adoption of 100% molecular breeding techniques for new crop varieties. The major players in seed companies have adopted these technologies to improve seed varieties. Lower prices in genetics and research departments lead to an improvement in the market. Funding from both the public and private sectors is directed towards plant breeding and genetic research, such as genomic improvement in field crops and vegetables, and the application of MAS will guide the market in the future. The molecular breeding market is supposed to experience the highest expansion in the Asia-Pacific region during the conjecture period.

Molecular selection is the process of genetic improvement in plants and animals. Molecular biology techniques apply to selection at the molecular level. Gene makers are altered by combining and matching DNA makers using the molecular selection technique. The initiation of investment in the private sector governance of the agricultural sector and the growing acceptance of molecular selection have fueled the march of molecular selection around the world. He is off the field and encouraged by technological advances in terms of genomic selection and reduction of genomic solutions. The degree of market expansion contributes to the reason for the introduction of high-value industrial crops and the adoption of molecular breeding for farmers.

MARKET TRENDS

Worldwide calls for production and consumption will accelerate. The highest yield in the United States has been more than 1.6 tonnes/hectare since the first 20th century at around 9.5 tonnes/hectares. The dramatic improvement in yield is due to the use of more hybrid synthetic fertilizers and the adoption of new agricultural practices that have led to molecular improvement. The introduction of molecular breeding characteristics and the development of new breeding technologies using DNA-based markers have created a new innovative market for molecular breeding. For example, over the next two decades, biotech traits and assisted marker selection have the potential to double the yield of corn in the United States.

MARKET DRIVERS

The molecular breeding market is experiencing significant expansion due to the call for genetic improvement. In the molecular selection process, molecular biology techniques are employed to enhance the genetic development of animals and plants. The escalating emphasis on agricultural research and escalating investments by governments and private organizations are escalating the call for the molecular breeding process. Also, the escalating adoption of molecular selection can meet the call for molecular selection. In addition, technological advances in genomic selection for genomic selection and cost reduction have improved the development of the molecular selection process. Worldwide the growing call for high-value industrial crops that require molecular breeding solutions is due to farmers embracing the solutions to meet the call for high-value crops during the tide.

MARKET RESTRAINTS

Barriers to market entry, such as high initial investment and a lack of skilled labor, especially in developing countries, can be barriers in the worldwide molecular breeding market.

MARKET OPPORTUNITIES

Worldwide call for production and consumption will accelerate. The highest yield in the United States has been over 1.6 tonnes/hectare since the first 20th century at around 9.5 tonnes/hectare. The dramatic improvement in yield is due to the use of more hybrid synthetic fertilizers and the adoption of new agricultural practices that have led to molecular improvement. The introduction of molecular breeding characteristics and the development of new breeding technologies using DNA-based markers have created a new innovative market for molecular breeding. For example, over the next two decades, biotech traits and assisted marker selection have the potential to double the yield of corn in the United States.

MARKET CHALLENGES

Molecular selection (MB) holds great promise for developing countries. However, developing countries are hardly homogeneous in their implementation. While newly industrialized countries regularly use various MB applications and explore the latest approaches, developing countries with mid-tier economies are testing marker applications and taking the first steps to adopt MB in day-to-day breeding. Several bottlenecks still stand in the way of adoption in these countries. Limited human resources and inadequate field infrastructure remain significant challenges, although thanks to virtual platforms aided by the information and communication technology revolution, breeders now have better access to genomic resources, analysis tools, and robust advanced laboratory data management. These developments will inevitably have an impact on improving crops in developing countries.

Impact of COVID-19 on Molecular Breeding Market

Growing trends towards sustainability and environmental solutions, such as organic products. The Coronavirus pandemic could have a short-term impact on market expansion, but it is likely to drive investment in organic products as part of a broader shift towards food security and sustainable agricultural production and ensure supply chains. This, in turn, should spark interest in new product formulations for biopesticides and biostimulants.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Molecular Breeding Market By Application

The molecular selection of plants can be segmented into oilseeds and legumes, grains and cereals, vegetables, and other crops such as fruits, greenhouses, and nursery plants. The molecular livestock market is segmented on the basis of livestock, poultry, and other animals such as equines, aquaculture, pigs, and other avian animals. The market for molecular breeding is predicted to grow exponentially to close the gap between supply and call, a call for crops in various industries increases, and concerns about food safety when molecular breeding in livestock is at stake cycle.

Global Molecular Breeding Market By Markers

SNP is predicted to be the fastest-growing segment during the foreseen period. As a single nucleotide base, SNP provides the simplest form of molecular markers. SNP provides a higher number of loci and high precision compared to SSRs.

Global Molecular Breeding Market By Process

Given the recent development of the molecular breeding market and the growing awareness and acceptance of genomic selection, it is predicted that the genomic selection process will be the fastest growing during the foreseen period.

REGIONAL ANALYSIS

North America is predicted to remain the dominant region during the foreseen period. Focus on the application of biotechnology by the United States government, as well as an increase in the use of molecular breeding in soybeans and corn, which are the main commercial crops in this region. These are the drivers that are predicted to drive call for molecular breeding in North America.

However, the Asia-Pacific region is supposed to experience a significant expansion rate during the conjecture period. Increased awareness of the benefits of molecular breeding among breeders is predicted to drive call during the foreseen period due to the adoption of molecular technology by breeders. Surge in investments in countries such as India, China and Thailand will boost the molecular breeding market in the Asia Pacific region.

KEY MARKET PLAYERS

The major players covered in the molecular breeding market report are, Illumina, Eurofins Scientific, LGC Ltd, SGS S.A., Thermo Fisher Scientific Inc., Intertek Group plc, DanBred, LemnaTec GmbH, Slipstream Automation, Charles River Laboratories, FruitBreedomics among Others.

RECENT DEVELOPMENTS IN THE MOLECULAR BREEDING MARKET

• The Consultative Group on International Agricultural Research (CGIAR) Generation Challenge (GCP) program is pleased to announce the launch of a new five-year multi-partner project to implement a Molecular Improvement Platform (MBP). The MBP aims to bring together existing and disparate molecular breeding efforts and provide tools and technical support to improve the efficiency of plant breeding in the developing world and beyond.

DETAILED SEGMENTATION OF THE GLOBAL MOLECULAR BREEDING MARKET INCLUDED IN THIS REPORT

This research report on the global molecular breeding market is segmented and sub-segmented based on the application, technology, product and Region.

By Application

• Plants
• Livestock

By Markers

• Single Sequence Repeats (SSR)
• Single Nucleotide Polymorphism (SNP)
• Others

By Process

• Marker-Assisted Selection (livMAS)
• QTL Mapping
• Marker-Assisted Backcrossing (MABC) Genomic Selection
• Others

By Region

• North America 
• Europe
• Asia Pacific
• Asia Pacific
• Latin America
• Middle East & Africa