AP NEWS

Molecular Breeding Market by Process, Marker, Application and Region - Global Forecast to 2023 - ResearchAndMarkets.com

September 19, 2018

DUBLIN--(BUSINESS WIRE)--Sep 19, 2018--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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Molecular Breeding Market, By Process

7 Molecular Breeding Market, By Marker

8 Molecular Breeding Market, By Application

9 Molecular Breeding Market, By Region

10 Competitive Landscape

11 Company Profiles

Eurofins Thermo Fisher Scientific Illumina Inc. SGS LGC Group Danbred Intertek Lemnatec Charles River Slipstream Automation Fruitbreedomics For more information about this report visit https://www.researchandmarkets.com/research/lzxpxg/molecular?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005295/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD: EUROPE NORTH AMERICA

INDUSTRY KEYWORD: HEALTH GENETICS NATURAL RESOURCES AGRICULTURE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/19/2018 05:39 AM/DISC: 09/19/2018 05:39 AM

http://www.businesswire.com/news/home/20180919005295/en

AP RADIO
Update hourly