Dublin, Sept. 19, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.

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%

It is projected to grow at an exponential rate due to factors such as the rising funds for agrigenomics research, declining cost of genetic solutions, and the benefits imparted by molecular breeding in agricultural yield. However, major factors restraining the growth of molecular breeding are the higher capital investment in comparison to conventional breeding and the lack of infrastructural facilities in the developing economies of Asian countries.

Genomic selection is a recent development in the molecular breeding market, and hence, its awareness and adoption have been gradually increasing, especially across North American and European countries. Genomic selection helps in the rapid selection of superior genotypes and accelerates the breeding cycle. This technology is applicable to the population that has even minor differences from the reference population. Cost and time efficiency are the major factors attributing to the increasing adoption of this technique over the traditional phenotypic selection. The increased accuracy achieved with genomic selection has been attracting key agrigenomic service providers in the global market.

With the increasing global concern on food security and rising demand for crops in various industries, there has been an increasing need to bridge the supply-demand gap, owing to which the demand for crops with the desired traits has been rising among the plant breeders. Owing to the increasing demand for industrial crops such as corn, wheat, and sorghum, the adoption of advanced technologies for these crops is expected to further increase in the coming years. The application of molecular technology is at the nascent stage for livestock, wherein cattle is the predominant livestock that is selected using these techniques.

The North American market for molecular breeding is driven by the wide-scale application of molecular breeding techniques on crops such as corn and soybean, coupled with the favorable regulations by the US government toward the application of biotechnology in agriculture. The market for molecular breeding in the Asia Pacific region is projected to grow at the highest CAGR from 2018 to 2023 due to the increasing awareness of the benefits from molecular breeding in meeting crop demand.

The global market for molecular breeding is dominated by large players such as Eurofins (Luxembourg), Illumina (US), Thermo Fisher Scientific (US), SGS (Switzerland), and LGC Limited (UK). Other key players in the molecular breeding market include DanBred (Denmark), Intertek Group (UK), LemnaTec (Germany), Charles River (US), Slipstream Automation (New Zealand), and Fruitbreedomics (consortium).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Opportunities in the Molecular Breeding Market
4.2 Molecular Breeding Market, By Application, 2017
4.3 North America: Molecular Breeding Market, By Marker & Country, 2017
4.4 Molecular Breeding Market, By Process & Region, 2017
4.5 Molecular Breeding Market Share, By Key Country

5 Market Overview

5.1 Introduction
5.2 Evolution
5.3 Macroeconomic Indicators
5.3.1 Growth in the Usage of Commercial Seeds
5.3.2 Increasing Trade of Animal Genetic Resources
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Rise in Funds for Agrigenomics
5.4.1.2 Exponential Fall in the Cost for Genomic Solutions
5.4.1.3 Technological Advancements Ensure Strong Market Growth
5.4.1.4 Growing Number of Partnerships, Collaborations, and Acquisitions
5.4.2 Restraints
5.4.2.1 High Cost of Molecular Breeding in Comparison to Conventional Breeding Techniques
5.4.2.2 Infrastructural Restraints
5.4.2.2.1 Lack of Laboratory Infrastructure
5.4.2.2.2 Availability of Few Validated Markers
5.4.2.2.3 Dearth of Skilled Professionals
5.4.2.3 Lesser Awareness and Misconception About Molecular Breeding Programs
5.4.3 Opportunities
5.4.3.1 Emerging Markets
5.4.3.2 Unregulated Environment for Molecular Breeding
5.4.3.3 Opportunities in Livestock Breeding
5.4.4 Challenges
5.4.4.1 Developing Economies Restrict the Adoption of Molecular Breeding
5.5 Patent Analysis
5.6 Supply Chain Analysis

6 Molecular Breeding Market, By Process

6.1 Introduction
6.2 Marker-Assisted Selection (MAS)
6.3 QTL Mapping
6.4 Marker-Assisted Backcrossing (MABC)
6.5 Genomic Selection
6.6 Other Processes

7 Molecular Breeding Market, By Marker

7.1 Introduction
7.2 Single Nucleotide Polymorphism (SNP)
7.3 Simple Sequence Repeats (SSR)
7.4 Other Markers

8 Molecular Breeding Market, By Application

8.1 Introduction
8.2 Crop Breeding
8.2.1 Cereals & Grains
8.2.1.1 Corn
8.2.1.2 Wheat
8.2.1.3 Rice
8.2.1.4 Other Cereals & Grains
8.2.2 Oilseeds
8.2.2.1 Soybean
8.2.2.2 Other Oilseeds
8.2.3 Vegetables
8.2.4 Other Crop Types
8.3 Livestock
8.3.1 Cattle
8.3.2 Poultry
8.3.3 Other Livestock

9 Molecular Breeding Market, By Region

9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 Netherlands
9.3.4 UK
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 Australia
9.4.2 China
9.4.3 India
9.4.4 Japan
9.4.5 Rest of Asia Pacific
9.5 Rest of the World (RoW)
9.5.1 Brazil
9.5.2 South Africa
9.5.3 Israel
9.5.4 Others in RoW

10 Competitive Landscape

10.1 Overview
10.2 Company Share Analysis and Rankings
10.3 Competitive Scenario
10.3.1 Mergers & Acquisitions
10.3.2 Expansions & Investments
10.3.3 Agreements, Partnerships, and Joint Ventures

11 Company Profiles

11.1 Eurofins
11.2 Thermo Fisher Scientific
11.3 Illumina Inc.
11.4 SGS
11.5 LGC Group
11.6 Danbred
11.7 Intertek
11.8 Lemnatec
11.9 Charles River
11.10 Slipstream Automation
11.11 Fruitbreedomics

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