Global Agrigenomics Market, By Sequencer Type (Sanger Sequencing, Illumina Hi Seq Family, Pacbio Sequencers, Solid Sequencers and Other Sequencer Types), Objectives (DNA Extraction and Purification, DNA/RNA Sequencing, Genotyping, Gene Expression Profiling, Marker-Assisted Selection, GMO/Trait Purity Testing and Others), Application (Crops and Livestock), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Agrigenomics Market
The agrigenomics market is expected to witness market growth at a rate of 7.85% in the forecast period of 2022 to 2029 and is expected to reach USD 24.69 billion by 2029. Data Bridge Market Research report on agrigenomics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of agriculture sector globally is escalating the growth of agrigenomics market.
Agrigenomics refers to the study of the genetic makeup of crops and livestock and how the genes influence the production of the crops. Application of genomics in agriculture assists in the enhancement in the productivity and sustainability in livestock and crop production. The significant enhancements in technology is supporting the inclination towards whole genome sequencing from single gene sequencing.
The increase in preference for organic food products among population across the globe acts as one of the major factors driving the growth of agrigenomics market. The increase in demand of bioengineered food as they contain good amount of nutrients and aid faster growth of plants and animals, and growth in grants and funding initiatives propelling agrigenomics accelerate the market growth. The high demand for bioengineered crop because of excellent properties such as enhanced nutritional values, long shelf life, and capacity to sustain against climate change and use for medicinal purposes such as development of vaccines and drugs further influence the market. Additionally, increase in the cultivation of hybrid crops, rise in demand for enhanced quality of the crops and expansion of agriculture sector positively affect the agrigenomics market. Furthermore, agrigenomics for food and nutritional security and food safety and authenticity extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, sub-optimized multidisciplinary research approaches and lack luster infrastructure support are expected to obstruct the market growth. Public perceptions and regulatory barriers for genome editing in agriculture are projected to challenge the agrigenomics market in the forecast period of 2022-2029.
This agrigenomics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on agrigenomics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Agrigenomics Market Scope and Market Size
The agrigenomics market is segmented on the basis of sequence type, objectives and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the agrigenomics market is segmented into sanger sequencing, illumina hi seq family, pacbio sequencers, solid sequencers and other sequencer types.
- On the basis of objectives, the agrigenomics market is segmented into DNA extraction and purification, DNA/RNA sequencing, genotyping, gene expression profiling, marker-assisted selection, GMO/Trait purity testing and others.
- On the basis of application, the agrigenomics market is segmented into crops and livestock.
Agrigenomics Market Country Level Analysis
The agrigenomics market is analyzed and market size, volume information is provided by country, sequence type, objectives and application as referenced above.
The countries covered in the agrigenomics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the agrigenomics market because of the adoption of agrigenomics is majorly attributed to overcome the usage of pesticides within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2022 to 2029 due to the development in the field of agrigenomics in the region.
The country section of the agrigenomics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Agrigenomics Market Share Analysis
The agrigenomics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agrigenomics market.
Some of the major players operating in the agrigenomics market report are Thermo Fisher Scientifi, Inc., Agilent Technologies.Inc, Illumina, Inc., Eurofins Scientific, Zoetics, Tecan Trading AG, Biogenetic Services, GalSeq Srl Via Italia, Edico Genome, Affymetrix, SciGenom Labs, and LGC., J.K.AgriGenetics Ltd, Mahyco, CALYXT, Stine Seed Company., Nufarm Limited, Monsanto Company, Limagrain Cereal Seeds, LLC, Land O'Lakes, Inc., KWS SAAT SE & Co. KGaA, and DLF Seeds A/S, Bejo Zaden B.V., among others.