Agrigenomics Market: Global Industry Analysis and Forecast (2024-2030) by Sequencer Type, Application, Objective and Region

Agrigenomics Market Overview:

Agricultural genomics (Agrigenomics) is the application of genetics in agriculture to increase crop and livestock productivity and sustainability. Genomics has the potential to reduce the number of trials and failures in scientific research, potentially improving the quality and quantity of agricultural yields in agriculture. Linking features to genes or gene signatures aids crop breeding in the development of hybrids with the best characteristics. Agrigenomics Market report's segment analysis provided on the basis of sequencer type, objective application and region.

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COVID-19 Influences on the Global Agrigenomics Market:

COVID-19's widespread has posed major medical, social, and economic concerns. The agriculture and food processing industries are working to restore efficient food production, logistics and supply chain efficiencies and build buffer systems to absorb future supply and demand shocks, while the medical community is focusing on developing successful diagnostics and medical treatments. In addition to commodity producers and suppliers, seed companies, trait developers and genomics researchers are also working to find capacity-building solutions during the COVID-19 pandemic. Agrigenomics Market is moving towards the use of gene editing techniques to create a variety of antibacterial, antifungal and antiviral products.

Agrigenomics Market Dynamics:

The exponential growth in the world population, as well as the growing need for crops and livestock around the world, are important factors driving the growth of the Agrigenomics Market. The Market is growing as a result of a government push to promote research and improve agricultural productivity. Besides, the growing need for genomic databases by livestock breeders, as well as technological advancements in sequencer technology, such as shorter sequencing times and high-throughput systems, are driving the Agrigenomics Market forward.

Besides, the increasing usage of various sequencing techniques has resulted in increased precision in the data acquired, and ongoing research initiatives on market-assisted selection and breeding are driving the Agrigenomics Market forward. Other factors driving the growth of the Agrigenomics Market include the increasing presence of the biotechnological sector around the world and government funding in various research initiatives to increase crop and livestock output.

In comparison to other fields such as human genetics, the adoption of automated methods in Agrigenomics research has been relatively limited due to budgetary restrictions. As a result, while being aware of the advantages of automated systems, researchers in underdeveloped nations continue to choose manual approaches over automated ones. Similarly, it is difficult for academic research laboratories in emerging nations to invest in such systems. As a result, only rich countries can afford these high-cost automated systems, restricting the opportunity for continued agrigenomics market research automation.

Agrigenomics Market Segment Analysis:

The Agrigenomics Market is segmented by Sequencer Type, Application, and Objective.

Based on the Objective, the 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 objective segment is expected to hold the largest market shares of xx% by 2027. Because it considerably increases the efficiency and effectiveness of breeding when compared to conventional breeding. Due to the substantial research support and presence of important technology suppliers in the United States, marker-assisted selection has been gaining popularity in North America. On the other hand, DNA/RNA sequencing and genotyping are standard prerequisites for agrigenomics testing services in 2020. This is due to the fact that high genotyping call accuracy allows researchers to fine-tune fine-mapping at a low cost.

Genotyping of animals and plants has become a staple of modern agricultural research. Genotyping is a technique for detecting minor genetic abnormalities that can contribute to significant phenotypic changes, such as physical distinctions that distinguish individuals from one another and pathological changes that underpin disease. It has a wide range of applications in basic science, medicine, and agriculture. Genotyping compares a DNA sequence to that of another sample or a reference sequence to discover differences in genetic complement. It detects single-nucleotide polymorphisms, which are minor differences in genetic sequence within populations (SNPs). These are the factors that are expected to drives the growth of the Marker-Assisted Selection segment in the Agrigenomics market during the forecast period 2024-2030.

Based on the Application, the agrigenomics market is segmented into Crops, and Livestock. Crops segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Genotyping and next-generation sequencing (NGS) technologies have been increasingly used to study many agricultural species and to better understand the genetic variation that affects phenotype. CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) technologies are accelerating development because they are cost-effective and offer advanced features such as multiplexing. In effect, gene editing is democratizing the development of genetically modified plants. The technology is used by large established companies such as Syngenta, Bayer, BASF and Corteva, as well as smaller start-ups such as Calyxt and Pairwise Plants.

Agrigenomics Market Regional Insights:

North America region is expected to dominate the Agrigenomics market during the forecast period 2024-2030. North America region is expected to hold the largest market shares of xx% by 2030. The North American Agrigenomics market is steadily growing due to the growing acceptance of Agrigenomics, which can help to reduce the use of toxic pesticides by improving resistance power during the early phases of development. Pesticide use has been reduced significantly as a result of the implementation of Agrigenomics. Strong R&D, new technology innovation, and increased merger and acquisition (M&A) activity are the primary factors driving market growth. With increasing income generation within the country, the United States is the largest market in North America, followed by Canada and Mexico.

Recent Developments:

• In November 2020, LGC announced the addition of a high-resolution mass spectrometer, the SCIEX TripleTOF 6600 LC-MS/MS System, to their regulated bioanalytical LC-MS service.

• In November 2019, Thermo Fisher's new technology is the first fully integrated next-generation sequencing platform with an automated sample-to-report workflow that can give results in as little as one day.

• In January 2017, The NovaSeq S4 flow cell reagent kit and NovaSeq Xp workflow for Illumina's NovaSeq 6000 System have been released. The NovaSeq platform's power and versatility are aided by flow cell innovation. The platform's capabilities have been augmented with the addition of this additional flow cell and process.

The objective of the report is to present a comprehensive analysis of the Agrigenomics Market to the stakeholders in the industry. The report provides trends that are most dominant in the Agrigenomics Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Agrigenomics Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Agrigenomics Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Agrigenomics Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Agrigenomics Market is aided by legal factors.

Agrigenomics Market Scope:

Agrigenomics Market Key Players

• Thermo Fisher Scientific LLC
• Affymytrix Technologies
• Euro Fins Scientific
• Agilent Technologies Inc.
• LGC Limited UK
• Zoetis Inc.
• Illumina Inc.
• Genotypic Co Ltd
• Sci Genom Labs Private Limited
• Neogen Corporation
• GalSeq SRL VIA Italia
• Biogenetic Services Inc.