Anticipated Growth in Revenue:
Agrigenomics Market size was valued at US$ 3.97 Bn. in 2022 and Illumina HI SEQ family segment dominated the Agrigenomics Market.
Agrigenomics Market Report Overview
The Agrigenomics Market, the field that examines how genetic information influences crop and livestock characteristics, is rapidly evolving. With its core objective being to improve agricultural sustainability and productivity, agrigenomics leverages advancements in genome sequencing technologies. As of 2022, the Agrigenomics Market was valued at approximately US$ 3.97 billion, with the Illumina HiSeq family emerging as the dominant segment due to its advanced capabilities in whole-genome sequencing. This technology shift from single-gene to whole-genome sequencing enhances our understanding of genetic traits and their impacts on agriculture, allowing for significant improvements in both crop and livestock management.
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Report Scope and Research Methodology
The scope of this report encompasses a comprehensive analysis of the Agrigenomics Market, including market dynamics, segment analysis, and regional insights. The research methodology involves an extensive review of primary and secondary data sources to provide a detailed picture of the market’s current status and future trends. This includes interviews with industry experts, analysis of financial reports, and a review of technological advancements and their implications. The report aims to present clear insights into market size, growth potential, and competitive landscape, ensuring stakeholders have a solid understanding of the market’s trajectory.
Agrigenomics Market Dynamics
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Technological Advancements: The rapid progress in genome analysis technologies, such as massively parallel sequencing and advanced molecular characterization methods, is a significant growth driver. These tools enhance the precision of genetic studies and offer insights into crop and livestock genetics that were previously unattainable.
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Application Beyond Food Security: Genome sequencing tools are increasingly being applied to address food safety issues, including contamination and traceability from farm to table. This expanded application range boosts the market’s growth prospects, particularly as industries seek to improve food quality and safety.
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New Breeding Techniques (NBTs): Innovations in breeding techniques, such as CRISPR, are transforming crop and livestock development. These techniques enable precise genetic modifications, improving traits such as yield and resistance to diseases.
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Challenges and Constraints: Despite its growth, the Agrigenomics sector faces challenges such as technology limitations, species-specific issues in genetic transformation, and difficulties in integrating genetic variants. These factors could impact the market’s growth and development trajectory.
Agrigenomics Market Segmentation
by Sequencer
SANGER Sequencing
Illumina HI SEQ Family
PACBIO Sequencers
SOLID Sequencers
by Objectives
DNA Extraction & Purification
DNA/RNA Sequencing
Genotyping
Gene Expression Profiling
Marker-Assisted Selection
by Application
Crops
Livestock
Agrigenomics Market Key Players
1. Abbott Laboratories
2. F.Hoffmann-La Roche Ltd.
3. QIAGEN
4. Thermo Fisher Scientific Inc.
5. Illumina Inc.
6. Biomerieux
7. Biogenetic Services, Inc.
8. GalSeq Srl Via Itaia,
9. Edico Genome
10. Agilent Technologies, Inc.
11. Affymetrix
12. Eurofins Scientific SE
13. SciGenom Labs Pvt. Ltd.
14. Neogen Corporation
15. LGC Limited.
16. AgriGenome Labs Pvt. Ltd
17. ArrayGen Technologies Pvt. Ltd.
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Agrigenomics Market Regional Insights
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North America: North America leads the Agrigenomics Market due to its strong research and development infrastructure, technological innovations, and numerous mergers and acquisitions. The United States, in particular, has a significant share in the market, driven by advancements in sequencing and molecular breeding technologies used across various applications, including food safety and animal health.
The region’s substantial production of genetically modified (GM) crops, such as canola, maize, soybeans, and beet, reflects its advanced agrigenomics capabilities. However, concerns about cross-contamination and the need for stringent safety studies on GM crops underscore the importance of regulatory compliance in maintaining market growth.
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Other Regions: While North America is the leading region, other areas are also experiencing growth in agrigenomics. As technologies become more accessible and as investments in agricultural biotechnology increase globally, regions such as Europe and Asia-Pacific are expected to expand their market presence.
Key Questions answered in the Agrigenomics Market Report are:
- What was the Agrigenomics market size in 2024?
- What is the expected Agrigenomics market size by 2030?
- What are the Agrigenomics market segments?
- Which Agrigenomics market segment is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Agrigenomics Industry?
- What key trends are expected to emerge in the Agrigenomics market during the forecast period?
- Which region dominated the global Agrigenomics market?
Key Offerings:
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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