Global Molecular Breeding Market to 2023 - Market is Dominated by Eurofins, Illumina, LGC Limited, Thermo Fisher Scientific and SGS
DUBLIN, Sept. 19, 2018 /PRNewswire/ --
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 estimated at USD 1.79 billion in 2018 and is projected to reach USD 3.95 billion by 2023, at a CAGR of 17.11% during the forecast period.
The agricultural benefits associated with these adjuvant solutions are the major factors contributing to the growth of this market, globally. The growth of economies in developing countries, coupled with the increasing R&D expenses in the agriculture industry drives the growth potential of these markets.
Molecular breeding technologies are in the nascent stage of growth in the plant and livestock breeding industry, where major seed manufacturing companies have been adopting this technology for improved seeds. Strong funds by the private and public sectors towards agrigenomic research such as the application of MAS, and genomic selection in field and vegetable crops is projected to drive the growth of the market over the next five years. Also, the decline of prices observed in the genetic services industry in agriculture has encouraged key players to invest in the market.
Marker-assisted selection was estimated to dominate the molecular breeding market in 2018. The US was the major country with higher adoption of MAS in 2018. The Netherlands and the UK witnessed 100% adoption of molecular breeding techniques for new development of crop varieties. The adoption of genomic selection is projected to grow at the highest rate, owing to the increasing awareness about its efficacy in increasing yield, majorly for vegetables in developed countries.
Multiple breakthrough innovations led to the development of better and efficient DNA or molecular markers such as SNPs and SSRs. Companies such as Eurofins and Thermo Fisher have been offering molecular breeding services such as MAS and genomic selection based on SNPs and SSRs, while some companies such as Illumina Inc. LGC Limited, LemnaTec, and Charles River are dependent solely on SNPs as molecular markers.
Molecular Breeding Market
North America accounted for the largest share in the molecular breeding market in 2017, followed by Europe, owing to the high adoption of advanced genetic tools to increase agricultural yield in countries such as Germany, France, the US, and Canada. Rising cultivation of industrial & high-value crops and growing awareness among farmers about the benefits of molecular breeding are expected to provide more scope for market expansion. The major factors restraining the growth of this market are the high start-up cost associated with the application of molecular markers and automated equipment. Also, the dearth of skilled professionals and lack of infrastructural facilities in developing countries hinder the growth potential of this market.
The global market for molecular breeding is dominated by key players such as Eurofins (Luxembourg), Illumina (US), LGC Limited (UK), Thermo Fisher Scientific (US), and SGS (Switzerland). Some emerging 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
For more information about this report visit https://www.researchandmarkets.com/research/tjlbk5/global_molecular?w=5
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