Agrigenomics Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

The global Agrigenomics market size is estimated at USD 10,100.6 Million in 2020, expanding at a CAGR of 10.8% from 2021-2027 to reach 17,471.0 Million USD in 2027.

Market Dynamics

Rapid advancements in the functioning genomics industry, such as the adoption of parallel processing sequencing technology and the creation of procedures to effectively evaluate cellular activity at the cellular scale, are driving the worldwide agrigenomics industry. In terms of applied genetics in agriculture, genetic marker-assisted crop development has proven to be more effective than traditional breeding methods in terms of enhancing crop choice range, velocity, and efficiency. Improved genomic characterization approaches have boosted crop condition and production while using less amount of fertilizer, herbicides, and freshwater.

The expansion of the agrigenomics business outside food and dietary security is dependent on extending the application range. Genome research tools and methodologies can also help detect agricultural safety concerns including spoilage and infection, impurity, and financial fraud, along with aid in tracking across the whole distribution chain from farm to table. New Breeding Technologies (NBT) focused on applicable genetics have transformed crop and animal breeding methods by offering privileged accessibility to genomic data. Sequencing has also effectively provided data on the ecological state of critical resources including fishery, agriculture, and cattle wellness.

North America led the agrigenomics industry owing to the continent's robust R&D, technological innovation, and rising agrigenomics partnerships and mergers. Because of improvements in sequencing and genetic breeding, which are utilized in sectors such as farming, veterinary medicine, and population health, the United States contributed again for the biggest country-level contribution in 2020. Each year, nations in the U.S. area generate a considerable quantity of Crops including canola, maize, soybeans, and beetroot. Nevertheless, cross-contamination among GMOs with quasi crops, which results in novel proteins, has the potential to induce allergic responses in humans.

As a result, rules demand safety testing on novel characteristics provided by performing GMO/trait integrity sample testing. Such changes, combined with a stronger emphasis on R&D efforts in agro-biotechnology, have heightened the nation's demand for agrigenomics.

The Agrigenomics market is fragmented into the Type, and objectives, Based on the type, the crops category accounts for the majority of the agrigenomics industry. Scientists have enhanced their use of genotyping or the next sampling (NGS) technology to investigate a wide range of crop species and acquire a better knowledge of the genetic diversity that influences phenotypes. Based on the Objective, marker-assisted screening is expected to have the greatest market share in 2021 since it significantly improves breeding productivity and efficiency when opposed to ordinary breeding. Because of the substantial research funding and existence of important technology vendors across the Us, marker-assisted picking is growing in popularity in America. Nevertheless, in 2020, Genetic material decoding and genotype were the standard criteria for agrigenomics testing kits.

Agilent Technologies, Inc., LGC Limited, Thermo Fisher Scientific, Inc., Illumina, Inc., Eurofins Scientific SE,  and are significant competitors in this industry. Several of these businesses, like Thermo Scientific, Inc. and Illumina, Inc. are both technological and network operators that have simplified their production in order to deliver agrigenomics solutions.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Agrigenomicss by type, region, and objective. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

• Eurofins Scientific Se (Luxembourg)
• Thermo Fisher Scientific Inc.
• Illumina’ Inc.
• Neogen Corporation
• Agrigenomics’ Inc.
• Agilent Technologies Inc.
• LGS Limited.
• Zoetis’ Inc.
• Galseq Srl Via Italia
• Biogenetic Services’ Inc.
• TECAN GENOMICS, INC
• GENOTYPIC TECHNOLOGY PVT LTD
• BGI GENOMICS
• GENEWIZ
• TIANGEN BIOTECH (BEIJING) CO., LTD.

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

• DNA extraction & purification
• Marker-assisted selection
• Genotyping
• DNA/RNA sequencing
• Gene expression profiling
• Gmo/trait purity testing
• Other objectives

 Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

• Crops
• Livestock

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain, etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina, etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)