Molecular Breeding Market Scope
Molecular Breeding is a techniques that is widely used to monitor differences in DNA sequence in and among species. It is also used to produce new sources of genetic variation by introducing new and desirable traits from wild varieties into elite lines. It is also used in crop breeding to increase crop yields and reduce resistance to disease, biotic and abiotic resistance. The increasing demand for industrial crops such as corn, wheat, and sorghum is expected to further increase in the coming years
According to AMA, the Global Molecular Breeding market is expected to see growth rate of 6.6%Several companies are leaning toward inorganic growth strategies such as mergers & acquisitions to improve their market share and brand presence globally. The market is highly fragmented and consists of several providers at the global and regional level competing to increase their market share in the respective regions Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Molecular Breeding market throughout the predicted period.
Eurofins Scientific (France), Thermo Fisher Scientific (United States), Illumina Inc. (United States), SGS (Switzerland), LGC Group (United Kingdom), Danbred (Denmark), Intertek Group plc (United Kingdom), Lemnatec (Germany), Charles River (United States) and Slipstream Automation (New Zealand) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Molecular Breeding market , by Application (Crop Breeding (Cereals & Grains, Oilseeds, Vegetables, Other) and Livestock Breeding (Cattle, Poultry, Other)) and Region with country level break-up.
On the basis of geography, the market of Molecular Breeding has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Technological Advancements Ensure Strong Market Growth
Market Growth Drivers:
Rise in Funds for Agrigenomics and Exponential Fall in the Cost for Genomic Solutions
Challenges:
Restriction on Adoption of Molecular Breeding in Developing Economies
Restraints:
High Cost of Molecular Breeding
Opportunities:
Emerging Markets, Unregulated Environment for Molecular Breeding and Opportunities in Livestock Breeding
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Molecular Breeding Providers, Venture Capitalists, Private Equity Firms, Government Regulatory and Research Organizations
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.