Leading Companies Reinforce Their Presence in the Molecular Breeding Market

The molecular breeding sector is positioned for substantial expansion in the coming years, driven by technological advancements and growing demands in agriculture. With innovations focused on improving crop resilience and productivity, this market is set to play a crucial role in meeting global food security challenges. Below is a detailed examination of the market size, key players, emerging trends, and major segments contributing to this growth.

Projected Market Size and Growth Trajectory of the Molecular Breeding Market
The molecular breeding market is anticipated to experience swift growth, reaching a value of $10.91 billion by 2030. This represents a compound annual growth rate (CAGR) of 17.6% over the forecast period. The market expansion is primarily fueled by increasing applications of genomic selection, a rising demand for crops that can withstand climate challenges, the integration of artificial intelligence-driven breeding platforms, global initiatives to enhance food security, and broader adoption of precision agriculture techniques. Key trends shaping this market include the expanding use of precision trait identification, a stronger focus on developing high-yield and stress-tolerant varieties, the growing employment of molecular tools for livestock improvement, the rise of hybrid and cross-breeding programs, and the increasing need for faster, more precise breeding cycles.

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Top Companies Leading the Molecular Breeding Industry
Prominent organizations spearheading the molecular breeding market encompass Illumina Inc., LGC Group Limited, Eurofins Scientific SE, Thermo Fisher Scientific Inc., SGS Société Générale de Surveillance S.A., Intertek Group plc, DanBred P/S, LemnaTec GmbH, Fruitbreedomics B.V., Keygene N.V., KWS SAAT SE & Co. KGaA, Genus plc, Groupe Limagrain, Syngenta Group, Bayer Aktiengesellschaft, Corteva Agriscience, BASF SE, Dow AgroSciences LLC, Monsanto Company, Pioneer Hi-Bred International Inc., Agilent Technologies Inc., QIAGEN N.V., Bio-Rad Laboratories Inc., Merck KGaA Darmstadt, GenScript Biotech Corporation, Genewiz Inc., Eurogentec S.A., Integrated DNA Technologies Inc., Novogene Corporation Limited, and BGI Group.

Significant Acquisition Enhancing Market Position
In September 2023, the Denmark-based real estate developer DLF acquired Corteva Agriscience's alfalfa breeding program for an undisclosed price. This strategic move aims to strengthen DLF's global footprint in alfalfa breeding and sales by gaining access to elite genetic resources, an established brand portfolio, and broader market reach. Corteva Agriscience, headquartered in the US, is a dedicated agriculture company that actively utilizes molecular breeding technologies.

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Innovative Developments Shaping the Molecular Breeding Market
Leading firms in the molecular breeding space are advancing sophisticated solutions designed to improve crop yields, boost disease resistance, and speed up breeding cycles through cutting-edge genetic methods. These integrated systems combine multiple breeding components into a streamlined operation, enhancing coordination and overall efficiency. For example, in June 2024, China-based biotechnology company MGI Tech introduced a comprehensive workflow solution for large-scale low-pass whole genome sequencing (WGS). This new product aims to optimize molecular breeding and genotyping for agricultural diploid species by offering fully automated processes, high-throughput capacity, and state-of-the-art sequencing instruments.

Breakdown of Key Segments Driving Growth in Molecular Breeding
The report categorizes the molecular breeding market into several critical segments:
1) By Process, including QTL Mapping, Marker-Assisted Selection, Marker-Assisted Backcrossing, Genomic Selection, and Other Processes
2) By Marker Type, featuring Single Sequence Repeats (SSR), Single Nucleotide Polymorphism (SNP), and other marker types
3) By Application, covering Crop Breeding and Livestock Breeding

Further sub-segmentation includes:
- QTL Mapping components such as Trait Mapping, Population Development, Phenotypic Data Collection, Genotypic Data Analysis, among other techniques
- Marker-Assisted Selection strategies like Single Marker Selection, Multiple Marker Selection, Genomic Selection Markers, and other related techniques
- Marker-Assisted Backcrossing approaches including Backcrossing Protocols, Donor and Recurrent Parent Selection, Progeny Evaluation, and additional methodologies
- Genomic Selection aspects such as Prediction Models, Genotyping Technologies, Trait Prediction Accuracy, and other techniques
- Other Processes encompassing CRISPR-Cas9 Gene Editing, Transgenic Breeding Techniques, Synthetic Biology Applications, and emerging molecular breeding innovations.

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This release was published on openPR.