The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The molecular breeding market is experiencing unprecedented growth, reflecting advancements in biotechnology and increasing agricultural demands. Here’s a detailed look at the market’s expansion, driving factors, and future trends.

 

Market Size and Growth

Current and Future Market Size

• 2023: $3.45 billion
• 2024: $4.11 billion (CAGR of 18.9%)
• 2028: $7.8 billion (CAGR of 17.4%)

 

Drivers of Growth

Emergence of Marker-Assisted Selection (MAS)

• Precision in selecting desirable traits
• Enhances efficiency in breeding programs

Adoption of Biotechnological Tools

• Advanced genetic engineering techniques
• Development of superior crop and livestock varieties

Improvements in Phenotyping Methods

• Better trait analysis and selection
• Increased accuracy in breeding outcomes

Shift to High-Throughput Screening

• Faster identification of genetic markers
• Streamlined breeding processes

Seed Industry Revolution

• Introduction of high-yield and resilient seeds
• Meeting global food security demands

 

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Future Growth Factors

Demand for Disease-Resistant Varieties

• Addressing global agricultural challenges
• Reducing crop losses and increasing yields

Focus on Climate Adaptation

• Developing crops that withstand climate changes
• Ensuring sustainable agricultural practices

Growing Population and Food Security Concerns

• Increased food production to meet rising demands
• Emphasis on nutritious and abundant food supply

Consumer Preferences for Quality Traits

• High-quality, nutritionally superior crops
• Meeting market demand for better products

Regulatory Support for Biotechnology

• Policies favoring biotech advancements
• Encouraging innovation in molecular breeding

 

Major Trends

Consumer Demand for Improved Varieties

• Enhanced taste, nutritional value, and shelf life
• Increased market acceptance and profitability

Application of Machine Learning and AI

• Predictive modeling in breeding programs
• Improved decision-making and trait selection

Emergence of Bioinformatics Solutions

• Data-driven approaches to genetic research
• Integration of genomics, transcriptomics, and metabolomics

Collaboration Between Public and Private Sectors

• Joint efforts in research and development
• Accelerated innovation and implementation

Focus on Climate-Resilient Varieties

• Developing crops suited for diverse environments
• Mitigating impacts of climate change on agriculture

Industrial and High-Value Crops

Fueling Market Growth

• Increased cultivation of high-value crops like corn and soybeans
• Enhanced traits such as disease resistance and high yields

Example

• Corn production: Increased from 81,313 to 85,388 per 1000 acres (2020-2021)
• Soybean production: Increased from 82,603 to 86,322 per 1000 acres (2020-2021)

 

Key Players in the Market

Leading Companies

• Illumina Inc.
• Thermo Fisher Scientific Inc.
• Syngenta Group
• Bayer AG
• Corteva Agriscience

 

Technological Advancements

Key Innovations

• Khufu by HudsonAlpha: A computational tool for plant breeding, identifying genetic variants and improving crop lines
• Lifeasible’s Tailored Services: Custom solutions for mutation breeding, enhancing specific traits

 

Strategic Acquisitions

Bayer AG’s Acquisition of Targenomix

• Enhancing molecular breeding technology
• Advanced computational tools for developing resilient plant varieties

 

Market Segmentation

By Process

• QTL Mapping
• Marker-Assisted Selection
• Genomic Selection

By Marker Type

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

By Application

• Crop Breeding
• Livestock Breeding

 

Regional Insights

Leading Regions

• North America: Largest market in 2023
• Asia-Pacific: Fastest-growing region during the forecast period

 

Conclusion
The molecular breeding market is set to transform agriculture through technological advancements and strategic growth. With increasing demand for resilient and high-quality crops, the market will continue to expand, driven by innovations and collaborations across the industry.

 

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The Molecular Breeding Global Market Report 2024  provides an overview of the molecular breeding market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The molecular breeding market forecast analyzes molecular breeding market size, molecular breeding market share, leading competitor and their market positions.

 

The Table Of Content For The Molecular Breeding Market Include:
1. Molecular Breeding Market Executive Summary
2. Molecular Breeding Market Segments
3. Molecular Breeding Market Size And Molecular Breeding Market Growth Rate
4. Key Molecular Breeding Market Trends
5. Major Molecular Breeding Market Drivers
……
25. Key Mergers And Acquisitions In The Molecular Breeding Market
26. Top Molecular Breeding Companies
27. Molecular Breeding Market Opportunities And Strategies
28. Molecular Breeding Market, Conclusions And Recommendations
29. Appendix

 

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