Global Agrigenomics Market

Agrigenomics Market size was valued at US$ 3.97 Bn. in 2022 and Illumina HI SEQ family segment dominated the Agrigenomics Market.

Agrigenomics Market Overview:

Agrigenomics is the study of how genes influence the genetic makeup of crops and livestock. Agriculture can gain financially from genomics by elevating the sustainability and productivity of livestock and crop production. The Agrigenomics business is growing due to significant advancements in technology that have led to a switch from single-gene sequencing to whole-genome sequencing, as well as an uptick in genome composition and gene function studies. The increased use of genome sequencing in livestock not only allows for the study of parent lineage but also aids in the understanding of infectious organisms like bacteria and viruses that infest or dwell in them.

Agrigenomics Market Snapshot

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Agrigenomics Market Dynamics:

Tools and techniques for advanced genome analysis are driving the growth of the Agrigenomics market.

Rapid breakthroughs in the functional genomics sector, such as the adoption of massively parallel sequencing technology and the creation of methods to efficiently study cellular behavior at the molecular level, are driving the worldwide Agrigenomics market. In terms of applied genomics in agriculture, molecular marker-assisted crop breeding has outperformed traditional breeding programs in terms of crop selection scope, speed, and efficiency. Advanced genome characterization tools have revealed that crops can have higher quality and yield while using fewer fertilizers, herbicides, and water.

The Agrigenomics market's growth is dependent on expanding the application range beyond food and nutrition security. Genome analysis tools and techniques can also help with food safety issues like spoilage and contamination, adulteration, and economic fraud, as well as traceability across the full supply chain from farm to fork. By providing unparalleled access to genomic information, New Breeding Techniques (NBT) based on applied genetics have transformed breeding techniques for crops and livestock. Genomics has also provided information on the biological status of critical resources like fisheries, crops, and cattle health.

The Agrigenomics sector's technology constraints are thwarting its current full-fledged expansion and compromising its future growth trajectories. Overcoming species and genotype-dependent transformation, particularly in crops, hence widening the scope of targeted agricultural enhancements by genome editing, and obtaining high-efficiency base replacement by changing the focus away from targeted mutagenesis are some of the hurdles. Plants' superior and desirable features are frequently influenced by genetic variants in SNPs (single nucleotide polymorphisms). The primary stumbling block is quickly identifying and integrating all of these features in elite cultivars.

COVID-19 impact on the Agrigenomics Market

COVID-19's epidemic has posed major medical, social, and economic concerns. The agricultural and food processing industries are focusing their efforts on restoring efficient food production, logistics, and supply chain efficiency, and creating buffer systems to absorb future supply-demand shocks, while the medical community is focused on developing successful diagnostic and medical treatment. Apart from commodities producers and suppliers, seed companies, trait developers, and genomics researchers are also working to find capacity-building solutions in the aftermath of the COVID-19 epidemic.

Recent Development-

Thermo Fisher Scientific Inc. purchased cell sorting technology from Propel Labs, a fully owned subsidiary of SIDIS Corp., in February 2022. Thermo Fisher expects to use one to strengthen its cell analysis and cell medical intervention research businesses by bringing flow cytometry skills, R&D capabilities, and engineering power.

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 2020.

Agrigenomics Market Segment Analysis:

In Diagnostics segment is supplementing the growth of the Agrigenomics market.

In 2020, Illumina HI SEQ sequencing tests accounted for the biggest share of the Agrigenomics market. It's an extremely powerful sequencing system that can handle a variety of tasks. Sanger sequencing was the second-most popular among research institutions and service providers in 2020, despite the presence of other next-generation sequencers, due to low machine costs. The Sanger technique uses a primer that binds to a denatured DNA molecule and starts the synthesis of a single-stranded polynucleotide using the denatured DNA as a template in the presence of a DNA polymerase enzyme. Sanger DNA sequencing is commonly employed in research to target smaller genomic areas in a larger number of samples, sequence variable regions, and validate results from next-generation sequencing (NGS) investigations.

The crops segment is anticipated to adhere to the growth of the Agrigenomics market.

In the Agrigenomics market, the crops category has the highest share. Genotyping and next-generation sequencing (NGS) technologies have been increasingly used to research many agricultural species and obtain a better knowledge of the genetic variation that influences phenotypes. CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) techniques are speeding up development since they are cost-effective and offer advanced features like multiplexing. Gene editing is, in reality, democratizing the development of genetically modified plants.

Agrigenomics Market Regional Insights:

North America is leading in the Regional Segment of Agrigenomics Market.

Due to the perceived region's strong R&D, technological innovation, and more mergers and acquisitions in Agrigenomics, North America dominated the Agrigenomics market. Due to developments in sequencing and molecular breeding, which are employed in applications such as food and agriculture, animal health, and public health, the United States accounted for the greatest country-level share in 2020.

Every year, North American countries generate a considerable amount of GM crops such as canola, maize, soybeans, and beet. Cross-contamination between GMOs and non-GMO crops, on the other hand, could result in novel proteins, which could trigger allergic reactions in humans. As a result, regulations mandate that safety studies be undertaken on novel features introduced by GMO/trait purity tests on samples. As a result of these advancements, as well as a stronger focus on agricultural biotechnology R&D, the market for Agrigenomics in the region has grown.

The objective of the report is to present a comprehensive analysis of the Agrigenomics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Agrigenomics Market dynamics, structure by analyzing the market segments and projecting the Agrigenomics Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Agrigenomics Market make the report investor’s guide.

Agrigenomics Market Scope: Inquire before buying

Agrigenomics Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)

Agrigenomics Market, Key Players are

1. Abbott Laboratories
2. F.Hoffmann-La Roche Ltd.
3. QIAGEN
4. Thermo Fisher Scientific Inc.
5. Illumina Inc.
6. Biomerieux
7. Biogenetic Services, Inc.
8. GalSeq Srl Via Itaia,
9. Edico Genome
10. Agilent Technologies, Inc.
11. Affymetrix
12. Eurofins Scientific SE
13. SciGenom Labs Pvt. Ltd.
14. Neogen Corporation
15. LGC Limited.
16. AgriGenome Labs Pvt. Ltd
17. ArrayGen Technologies Pvt. Ltd.

FAQs:

1. What is the Agrigenomics Market value in 2022?
Ans: The Agrigenomics Market value in 2022 was estimated as 3.97 Billion USD.

2. Which Application segment is likely to dominate the Agrigenomics Market growth?
Ans: Diagnostics were the key revenue-generating application of the market about factors such as increasing development of biomarker-based oncology tests with high specificity and sensitivity.

3. Which Region is expected to dominate the Agrigenomics Market during the forecast period?
Ans: North America dominated the regional segment owing to the strong growth of the market due to significant technological advancement, well-established health care infrastructure, and focus on research and development.

4. What are the growth opportunities in the Agrigenomics market?
Ans: Growing potential for DNA sequencing in crops and cattle is one of the most promising. Automation of Agrigenomics research processes is predicted to become the most common practice around the world. By minimizing manual errors and time, automated electrophoresis and nucleic acid extraction and purification systems have revolutionized genetic analysis.

5. Who are the key players in the Agrigenomics Market?
Ans: The major players in the market are Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (the US), Illumina, Inc. (the US), Eurofins Scientific SE (Luxembourg), and LGC Limited (UK). Some of these players–Thermo Fisher Scientific, Inc. (US) and Illumina, Inc.