The global molecular breeding market is accounted to register a CAGR of 18.20% during the forecast period and is estimated to reach USD 14.4 Billion by 2032. Due to improvements in genetic research as well as the growing demand for increased crop yields and disease resistance in agriculture, the molecular breeding business is expanding quickly. The use of molecular breeding techniques by agricultural researchers and seed firms, as well as the expanding worldwide population and changing climatic circumstances, are some of the reasons driving the market. Molecular breeding makes it possible to selectively breed for desired features, increasing agricultural productivity.

Segment Analysis

The global molecular breeding market has been segmented based application, marker and molecular breeding process.

On the basis of application, the market is segmented into plant and livestock. In 2022, the plant category dominated the world market. Molecular breeding techniques have been used by large seed manufacturing companies to produce superior seeds, although this area of plant and livestock breeding is still in its infancy.

Based on marker, the global market has been segmented into simple sequence repeat, single nucleotide polymorphism, expressed sequence tags, and others. In 2022, the single nucleotide polymorphism market was the largest in the world. Numerous groundbreaking discoveries have led to the creation of better and more efficient DNA or genetic markers like SNPs and SSRS.

Based on molecular breeding process, the global molecular breeding market share has been segmented into marker assisted selection, QTL mapping, and marker assisted back crossing. In 2022, the market for molecular breeding was dominated by the market-assisted selection sector. The main country with the greatest MAS adoption rate in 2018 was the United States.

Regional Analysis

The global molecular breeding market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Molecular Breeding market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Molecular Breeding market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Molecular Breeding market comprises of Middle East, Africa, and Latin America.

The North America molecular breeding market dominated this market in 2022 (45.80%).Due to the presence of significant firms in the United States and Canada, the molecular breeding industry has experienced an increase in acceptance. The primary commercial crops in this region, soybeans and maize, have seen greater use of molecular breeding as well as a strong emphasis on biotechnology from the U.S. government.

Moreover, in 2022, the Europe molecular breeding market held a sizable market share. This is due to the fact that farmers are becoming more knowledgeable about the benefits of molecular breeding, which will present opportunities in the future market and result in high yields for the cultivation of wheat and maize.

Additionally, from 2023 to 2032, the Asia Pacific molecular breeding market is anticipated to grow significantly. It is projected that breeders’ adoption of molecular technology will raise their understanding of the benefits of molecular breeding, which will increase demand over the anticipated timeframe. An increase in investments in countries like India, China, and Thailand will lead to a growth in the molecular breeding market in the Asia Pacific region.

Furthermore, the rest of the world’s molecular breeding market is divided into the Middle East, Africa, and Latin America. Due to the expanding use of cutting-edge breeding methods in agriculture, the molecular breeding market in Latin America is expanding steadily. Government programmes to support sustainable agriculture, together with consumer demand for high-yielding and disease-resistant crop types, are driving the industry. Important firms are investing in R&D to provide cutting-edge molecular breeding solutions and increase their market position.

Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Molecular Breeding Market https://www.marketresearchfuture.com/reports/molecular-breeding-market-11790

Key Findings of the Study

• The global molecular breeding market is expected to reach USD 14.4 Billion by 2032, at a CAGR of 18.20% during the forecast period.
• The Asia-Pacific region accounted for the fastest-growing global market. It is projected that breeders’ adoption of molecular technology will raise their understanding of the benefits of molecular breeding, which will increase demand over the anticipated timeframe.
• Based on molecular breeding process, the marker assisted selection segment was attributed to holding the largest market in 2022.
• Illumina, LGC Limited, Thermo Fisher Scientific, SGS, LemnaTec, Charles River, DanBred, Intertek, and Eurofins