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Download Free sampleThe global Molecular Breeding market was valued at US$ 2928.9 million in 2022 and is projected to reach US$ 7320.6 million by 2029, at a CAGR of 14.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Molecular breeding is the application of molecular biology tools, often in plant breeding.
Molecular Breeding Market aims to provide a comprehensive presentation of the global market for Molecular Breeding, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Molecular Breeding. Molecular Breeding Market contains market size and forecasts of Molecular Breeding in global, including the following market information:
Global Molecular Breeding Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
North America accounted for the largest share in the molecular breeding market in 2017, followed by Europe, owing to the high adoption of advanced genetic tools to increase agricultural yield in countries such as Germany, France, the US, and Canada. Rising cultivation of industrial & high-value crops and growing awareness among farmers about the benefits of molecular breeding are expected to provide more scope for market expansion. The major factors restraining the growth of this market are the high start-up cost associated with the application of molecular markers and automated equipment. Also, the dearth of skilled professionals and lack of infrastructural facilities in developing countries hinder the growth potential of this market.
We surveyed the Molecular Breeding companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
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