Europe agrigenomics market was valued at USD 1.10 billion in 2023 and is anticipated to reach USD 1.20 billion in 2024 from USD 2.47 billion by 2032, estimated to be growing at a CAGR of 9.46%, from 2024 to 2032.
High investment flow for Research and Development and the rise in the adoption of new technologies are increasing the market growth. On the other hand, very few automated instruments are accepted, disturbing the market. Research in economics seems to be an opportunity for growth of market. Europe is the second largest after North America.
The increasing of technologies which are advanced like high throughput and automation systems has brought interest among people who are doing research and for those who are using next generation systems in this market.The rapid growth of technologies like sequencing in the market has made the high throughput and less cost per piece. Making this factor, the NGS technique is treated as an efficient tool and cost-effective for different types in their own way. Crop researchers who are supporting the applications of NGS in agrigenomics for genomic-assisted selection and genomic breeding have become the driving factors for the industry.
Eurofins Scientific Se (Luxembourg), Agilent Technologies Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), LGS Limited. (U.K.), Illumina' Inc. (U.S.), Zoetis' Inc. (U.S.), Neogen Corporation (U.S.), Galseq Srl Via Italia (Italy), Agrigenomics' Inc. (U.S.), Biogenetic Services' Inc. (U.S.). these are the market players that are dominating the Europe agrigenomics market.
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