How Has the Agrigenomics Market Evolved Historically and What is its Current Size?
The agrigenomics market has seen considerable growth due to a variety of factors.
• There has been a swift expansion in the agrigenomics market in the past few years. The market is projected to accelerate from a size of $4.31 billion in 2024 to a worth of $4.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.6%. The significant progression during the historic period can be traced back to factors such as the surged demand for sustainable agriculture, escalating population and food requirement, government policies and funding, advancements in precision farming strategies, and industry collaborations and alliances.
What Is The Projected Growth Of The Agrigenomics Market?
The Agrigenomics market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the agrigenomics market is projected to experience swift expansion. Forecasts predict that the market will reach $7.42 billion in 2029, showing a compound annual growth rate (CAGR) of 11.4%.
The predicted growth during this period can be ascribed to several factors such as rising climate change issues, the expanded use of genomic data, increased adoption of big data analytics, worldwide focus on sustainable farming, and persistent government backing. Key trends anticipated in this forecast period encompass sustainable farming methods, technological advancements, innovation, and governmental funding and investments.
What Are The Key Drivers Fueling Growth In The Agrigenomics Market?
The immense growth in global population is making a notable contribution to the expansion of the agrigenomics market. As population swells, there's an increased demand for farming that's both productive and sustainable. Agrigenomics plays a role not only in enabling more nutrient-rich food production, but also in fostering the capability to yield large volumes of food in restricted spaces, effectively addressing population increase. For example, figures from the United Nations, a US-based organization committed to upholding international peace and security, predict that by 2030, the global population will rise to 8.5 billion, and by 2050, it will jump to 9.7 billion. Thus, this steep escalation in world population is set to propel the agrigenomics market.
What Are The Principal Market Segments In The Global Agrigenomics Industry?
The agrigenomics market covered in this report is segmented –
1) By Service Offerings: Genotyping, DNA Fingerprinting, Assessment Of Genetic Purity, Trait Purity Assessment, Gene Expression Analysis, Other Service Offerings
2) By Technology: Real-Time PCR (qPCR), Microarrays, Next Generation Sequencing, Capillary Electrophoresis, Other Technologies
3) By Sequencer Type: Sanger Sequencing, Illumina Hi Seq Family, PacBio Sequencers, Solid Sequencers, Other Sequencer Types
4) By Application: Crops, Livestock
Subsegments:
1) By Genotyping: SNP Genotyping, Whole Genome Sequencing
2) By DNA Fingerprinting: Microsatellite Markers, Random Amplified Polymorphic DNA (RAPD)
3) By Assessment Of Genetic Purity: Hybrid Seed Purity Testing, Varietal Purity Testing
4) By Trait Purity Assessment: Trait Validation Testing, Marker-Assisted Selection (MAS)
5) By Gene Expression Analysis: Quantitative PCR (qPCR), RNA Sequencing
6) By Other Service Offerings: Bioinformatics Services, Genetic Mapping, Consultation And Research Services
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Which Emerging Market Trends Are Altering The Agrigenomics Industry?
The dominant trend influencing the agrigenomics market is the advancement of technology. To enhance the efficiency of genomic studies and to improve the existing platforms for agrigenomics, the major market players are increasingly focused on innovation. An example of this trend was seen in May 2022, when NEOGEN Corporation, a Swiss food safety company, and Gencove, an Indian provider of low-pass whole genome sequencing and analysis software, introduced InfiniSEEK. This cost-effective solution for whole genome sequencing and targeted SNP analysis offers the customers a resourceful, budget-friendly method to categorize cattle globally using genome-wide sequence data, specialized genetic traits, and parentage markers simultaneously.
Who Are the Key Players In The Agrigenomics Market?
Major companies operating in the agrigenomics market include:
• Eurofins Scientific SE
• Galseq Srl
• Illumina Inc.
• LGS Limited
• Neogen Corporation
• Thermo Fisher Scientific Inc.
• Zoetis Inc.
• Pacific Biosciences f California Inc.
• NuGEN Technologies Ltd.
• UD-GenoMed Limited
• Arbor Biosciences LLC
• Tecan Genomics Inc.
• BGI Group
• Bio-Rad Laboratories Inc.
• Charles River Laboratories International Inc.
• Danaher Corporation
• DNA LandMarks Inc.
• Dovetail Genomics LLC
• F. Hoffmann-La Roche AG
• Fluidigm Corporation
• Front Range Biosciences Inc.
• Genotypic Technology Pvt Ltd.
• GENEWIZ Inc.
• Inari Agriculture Inc.
• Intrexon Corporation
• Kbiosystems Ltd.
• KeyGene NV
• LC Sciences LLC
• NRGene Ltd.
• Oxford Nanopore Technologies Ltd.
• Qiagen NV
• Saphyrion Inc.
• SeqLL Inc.
• Zymo Research Corp.
What Are The Regional Insights Into The Agrigenomics Market?
North America was the largest region in the agrigenomics market share in 2024. The regions covered in the agrigenomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
