GLOBAL AGRIGENOMICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Agrigenomics is the use of various advanced omics technologies such as genomics, transcriptomics, proteomics, and metabolomics for augmenting agriculture and attaining sustainability in food production. It involves the application of molecular tools and techniques to crop improvement activities. Agrigenomics assists in developing an in-depth understanding of gene function and genome-wide patterns of gene expression. This enables cultivating climatic resistant and high-yielding crop varieties. It also facilitates the production of nutritionally enhanced crops suitable for the changing climate and environmental conditions. Agrigenomics is gaining widespread adoption globally as it helps boost crop productivity and lower production costs through enhanced precision in farming.

Market Dynamics:

The global agrigenomics market is driven by factors such as increasing demand for higher crop yields, growing requirement for sustainable agricultural practices, and supportive government initiatives for agrigenomics research and development. However, high infrastructure and investment costs associated with omics technologies hamper the market growth. Growing incidences of droughts and changing climatic conditions have opened up opportunities for agrigenomics companies to develop customized seeds and plant varieties suitable for diverse geographies. Market players are investing in genome sequencing and molecular marker technologies to tap the opportunities. The global agrigenomics market is driven by the need to develop sustainable crop varieties and address the challenges of limited arable land, adverse effects of climate change, and growing global food demand. The growing adoption of genetically modified crops and the development of accurate molecular breeding tools is also fueling the market growth. However, stringent regulations for genetically modified crop cultivation and the high costs associated with genomics research poses challenge to the market. The development of affordable whole genome sequencing techniques provides growth opportunities for stakeholders. Moreover, the use of gene editing technologies like CRISPR-Cas9 offers precision solutions for crop trait improvement at low costs.

Key Features of the Study:

• This report provides an in-depth analysis of the global agrigenomics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global agrigenomics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BGI, Illumina, Inc., Eurofins Scientific SE, LGC Limited, Arbor Biosciences, Biogenetic Services Inc., Galseq Srl Via Italia, Thermo Fisher Scientific, Inc., Agilent Technologies Inc., and Tecan Genomics Inc. Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global agrigenomics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global agrigenomics market

Detailed Segmentation:

• Agrigenomics Market, By Application
• Crop
• Livestock
• Agrigenomics Market, By Sequencer
• Sanger Sequencing
• Illumina Hi Seq Family
• PacBio Sequencing
• Solid Sequencers
• Other Sequencers
• Agrigenomics Market, By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top Companies in the Agrigenomics Market
  • BGI
  • Illumina, Inc.
  • Eurofins Scientific SE
  • LGC Limited
  • Arbor Biosciences
  • Biogenetic Services Inc.
  • Galseq Srl Via Italia
  • Thermo Fisher Scientific, Inc.
  • Agilent Technologies Inc.
  • Tecan Genomics Inc.