Global Molecular Breeding Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global molecular breeding market will account to an estimated USD 1.78 billion in 2018 growing at a CAGR of 17.25% during the forecast period of 2019 to 2026.

Global Molecular Breeding Market

Access Full Report at https://databridgemarketresearch.com/reports/global-molecular-breeding-market/

Global Molecular Breeding Market:

Molecular breeding can be defined as a technological advancement and an area of molecular biology, where the DNA of different plants, animals are mixed and sorted out so that new varieties of organisms or beings can be created. This method is a very innovative method for the production of highly advanced breed of organisms that can help incorporate advanced attributes of each organism into a single being.

Segmentation: Global Molecular Breeding Market

Global molecular breeding market is segmented on the basis of process, marker, application and geography.

By Process (QTL Mapping, MAS, MABC, Genomic Selection, Others), Marker (SNP, SSR, Others), Application (Crop, Livestock) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN MOLECULAR BREEDING MARKET

Innovative product launches and advancements in technologies adopted by major manufacturers

  • In December 2018, Bayer AG and NRGene announced that they had expanded the licensing and collaboration between the organisations regarding the usage of NRGene’s “GenoMAGIC” platform to be used in support of Bayer’s molecular breeding platform. The usage of “GenoMAGIC” which is a big data analytics platform is expected to help in expanding Bayer’s molecular breeding crop portfolio and business operations.
  • In March 2018, SGS SA announced the launch and offering of novel plant molecular breeding and analysis services after they completed the acquisition of TraitGenetics GmbH based out of Gatersleben, Germany.

Key Market Competitors:

Few of the major competitors currently working in the molecular breeding market are Eurofins Scientific, Thermo Fisher Scientific Inc., Illumina Inc., SGS SA, LGC Limited, DanBred International, Intertek Group plc, Charles River and Slipstream Automation.

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