Agrigenomics Market

Global Agrigenomics Market Size (2024 to 2032)

The global agrigenomics market was valued at USD 3.68 billion in 2023 and is anticipated to reach USD 4.4 billion in 2024 from USD 8.54 billion by 2032, growing at a CAGR of 9.80% from 2024 to 2032.

Agrigenomics refers to the application of genomics, which is used in agriculture in order to improve productivity and sustainability of crop and livestock production. Genomics helps reduce the trials and failures involved in scientific research to some extent, which results in improving the quality and quantity of crop production. Agrigenomics in modern agriculture is worked as a vital technology for the analysis of plant and livestock genetic makeup. Agroigenomics helps in the establishment of a unique DNA identity in food and agriculture products. Also, it offers more effective control of food fraud at multiple stages of the supply and processing chain. Moreover, by adopting agronomic technology, there can be rapid identification of pathogens and beneficial microorganisms in biological samples, and it also enables marker-assisted breeding in order to select desirable characteristics. Agrigenomic is applicable for both crops as well as livestock in order to assist production, reproduction, and health. There are different types of sequencing tests depending on the objective. The protection of genetic resources with lower costs and eco-friendly genetic analysis drives the growth of the agronomic market during the forecast period between 2022 and 2027.

Market Drivers

The driving force of the Agrigenomics Market is rapid advancement in functioning of genomic sector because of the adaption of extremely parallel sequencing technologies and the development of protocols in order to efficiently analyze the cell behavior at a molecular level. In applied genomic agriculture, molecular marker-assisted c is very beneficial as compared to conventional breeding programs with respect to the increasing scope, speed, and efficiency of crop selection.

Moreover, the advancement in genome characterization is driving the growth of agrigenomic market due to increasing quality and yield crops at the same time requiring less fertilizers, water and pests. The increasing adoption of agrigeneomic solutions for the development of specific varieties of crops having ability to resist to different diseases, drought tolerance, nutritional enrichment as well as increase the quality of crop.

Furthermore, the governments of various nations are supporting research and development in the agronomic field as well as the decreasing price of sequencing tests is driving the growth of this market in the forecast period.

Market Restraints

The adoption of automated systems in agronomic research is low due to the low budget. Therefore, in developing countries, the researcher still prefers manual methods even though knowing the benefits of automated systems is hampering the growth of the market.

COVID-19 Impact on the Global Agrigenomics Market

The outbreak of COVID-19 has created many serious medical, social, and economic challenges globally. During the pandemic, the medical community is focused on developing successful diagnostic and medical treatment, the agricultural & food processing industries are channelizing their efforts to restore efficient food production, logistics and supply chain efficiency, and results to buffer systems in order to meet future supply-demand shocks. Apart from commodities producers & suppliers, seed manufacturers, trait developers, and genomics researchers have increased their focus in order to bring new solutions for capacity-building in the wake of the COVID-19 pandemic. Also, Agricultural genomics is advancing in the direction of harnessing gene-editing techniques in order to develop a plethora of anti-bacterial, anti-fungal, and anti-viral solutions, which is expected to fuel the market in coming years.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Agrigenomics Market By Application

Based on Application, the global Agrigenomics market is segmented into crops and livestock. The crop segment holds the largest share of the agrigenomics market because researchers have significantly made use of genotyping and next-generation sequencing technologies in order to study a variety of agricultural species and gain a better understanding of the genetic variation influencing phenotypes. In the crop segment, agrigenomics helps in the establishment of a unique DNA identity for used food and agricultural products. Additionally, it helps reduce the trials and failures concerned in scientific research to a certain extent, which could enhance the quality and quantity of crop yields in agriculture. Moreover, gene editing homogenizes the development of engineered plants.

Global Agrigenomics Market By Sequencer Type

Based on sequencer type, the global Agrigenomics market is segmented into Sanger sequencing, Illumina HiSeq Family, Pac BioSequencer, and Solid Sequencer. Illumina HiSeq Family segment is holding the largest share of this market on sequencing tests. Illumina HiSeq Family is a powerful sequencing system that has the flexibility to perform various applications. Sanger sequencing is the second most preferred type of test among research institutions after next-generation sequencing because of the limited machine cost associated with it. The Sanger method depends on a primer that binds to a denatured DNA molecule and helps in initiating the synthesis of a single-stranded polynucleotide in the presence of a DNA polymerase enzyme. Moreover, Sanger DNA is widely used for research purposes, which include targeting smaller genomic regions in a large number of samples, sequencing of variable regions, and validating results from next-generation sequencing studies.

Global Agrigenomics Market By Objectives

Based on objectives, the global Agrigenomics market is segmented into DNA Extraction & Purification, DNA/RNA Sequencing, Genotyping, Gene Expression Profiling, Marker-Assisted Selection, GMO/Trait Purity Testing, and Other Objectives. Marker-assisted selection is estimated to hold the largest share of the Arigenomic Market during the forecast period due to its ability to increase the efficiency and effectiveness of breeding compared to conventional breeding. Marker-assisted selection is gaining popularity in North America because of its strong research support and the presence of key technology providers in the United States.

REGIONAL ANALYSIS

The global agrigenomics market has been categorized into four regions: North America, Europe, Asia-Pacific, and RoW (Rest of the World). 

North America is expected to dominate the Agrigenomic Market in the forecast period due to strong research & development, technological innovation, and increased mergers and acquisitions in agrigenomics in the region. In this region, countries like the United States hold the largest share in 2020 because of the advancements in sequencing and molecular breeding that are used in applications like food & agriculture, animal health, and public health. Additionally, various countries in this region are producing a large quantum of GM crops every year such as canola, corn, soybean, and beet. However, cross-contamination between GMOs and non-GMO crops produces new proteins that could potentially cause allergic reactions in human beings. Hence, the regulations require safety tests to be conducted on novel traits that have been introduced by conducting GMO/trait purity tests on samples. These kinds of developments, along with greater thrust on R&D activities in agricultural biotechnology, have intensified the market for agrigenomics in the region. Owing to these factors North America region will fuel the growth of Agrigenomic Market in the future.

Asia-Pacific is expected to expand at the highest CAGR during the projected period because of increasing government support for research and development in the field of agronomics, decreasing prices of sequencing technologies, and significant technological advancements. In this region, countries like China and Australia are rapidly upgrading their technology and services in order to enhance their growth in agriculture boost the growth of Agrigenomic market in coming years.

Leading Company

Thermo Fisher Scientific Inc. had the largest share of the world’s Agrigenomics in terms of sales revenue.

KEY MARKET PLAYERS

Some of the leading companies operating in the Global Agrigenomics Market are, Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), Illumina, Inc. (US), Eurofins Scientific SE (Luxembourg), LGC Limited (UK)’, Neogen Corporation (U.S), Agrigenomics' Inc. (U.S.), Zoetis' Inc. (U.S.), Galseq Srl Via Italia (Italy), Biogenetic Services' Inc. (U.S.), some of the market players dominate the global agrigenomics market.

RECENT DEVELOPMENTS IN THE GLOBAL AGRIGENOMICS MARKET

• In Jan 2022, Thermo Fisher Scientific Inc, is a global leader in serving science and PeproTech Inc, is a leading developer and manufacturer of recombinant proteins has completed its acquisition of PeproTech in December 2021 in order to serve pharma and biotech customer.
• In January 2020, Arbor Biosciences (a division of Chiral Technologies, Inc, and a worldwide leader in next-generation sequencing target enrichment) announced its partnership with LGC, Biosearch Technologies. By this acquisition, the organization would use its extensive resources for genetic testing and marker discovery in order to deliver custom sequencing solutions to the agronomic market.

DETAILED SEGMENTATION OF THE GLOBAL AGREGENOMICS MARKET INCLUDED IN THIS REPORT

This research report on the global agregenomics market is segmented and sub-segmented into the following categories.

By Application

• Crop
• Livestock

By Sequencer Type

• Sanger sequencing
• Illumina HiSeq Family
• Pac BioSequencer
• Solid Sequencer

By Objectives

• DNA Extraction & Purification
• DNA/RNA Sequencing
• Genotyping
• Gene Expression Profiling
• Marker-Assisted Selection
• Gmo/Trait Purity Testing
• Other Objectives

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
• Rest of the World