Molecular Breeding Market by Process, Marker, Application and Region- 2023

1. MarketsandMarkets™ Presents Molecular Breeding Market– Global Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/molecular-breeding-market-168846611.html

2. 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. 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" The years considered for the study are as follows: Base year – 2017 Estimated year – 2018 Projected year – 2023 Forecast period – 2018 to 2023 Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=168846611

3. 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. The various contributors involved in the value chain of the molecular breeding market include R&D institutes, breeding entities, technology providers, such as Eurofins (Luxembourg), Illumina (US), Thermo Fisher Scientific (US), SGS (Switzerland), and LGC Limited (UK), and government bodies & regulatory associations such as the US Department of Agriculture (USDA), Canadian Association of Genetic Counsellors (CAGC), and the American Genetic Association (AGA). Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=168846611

4. Scope of the Report This research report categorizes the molecular breeding market based on process, marker type, application, and region. Based on process, the market has been segmented as follows: QTL mapping Marker-assisted selection (MAS) Marker-assisted backcrossing (MABC) Genomic selection Other processes (marker-assisted recurrent selection (MARS), position gene cloning, and genetic fingerprinting) Based on marker, the market has been segmented as follows: Single nucleotide polymorphism (SNP) Simple sequence repeats (SSR) Other markers (expressed sequence tags (EST), sequence tagged site, and random amplified polymorphic DNA (RAPD)) Based on region, the market has been segmented as follows: North America Europe Asia Pacific RoW (South America, Africa, and the Middle East) Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=168846611

5. Based on application, the market has been segmented as follows: o Crop • Cereals & grains  Corn  Wheat  Rice  Others (sorghum, barley, and oats) • Oilseeds & pulses  Soybean  Others (canola, cotton, and sunflower) • Vegetables • Other crop types (fruits, ornamentals, and greenhouse & nursery plants) o Livestock • Cattle • Poultry • Other livestock (equine, swine, aquaculture, and other avian livestock) 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.

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