Agrigenomics Market Driving Factors & COVID-19 Impact on the Global Market

The global agrigenomics market is estimated at USD 3.3 billion in 2021 and is projected to reach USD 5.3 billion by 2026, at a CAGR of 9.7% from 2021 to 2026.

The utilization of genomics solutions for crops can lead to the development of specific crop varieties exhibiting resistance to different diseases, drought tolerance, nutritional enrichment, and high quality. Gene editing can provide a sustainable way in the mass production of desired crops by eliminating the traits hampering widespread production.

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Genomics in livestock production can lead to a better understanding of the genetic risk in animals, thereby adapting to measures for future profitability. Animal genomics empowers livestock producers with strategic animal selection and breeding decisions to optimize profitability and yield enhancement of livestock herds.

The global agrigenomics market is majorly fueled by rapid advances in the functional genomics sector with the adaptation of massively parallel sequencing technologies and the development of protocols to efficiently analyze cellular behavior at the molecular level. For applied genomics in agriculture, molecular marker-assisted crop breeding has proved effective over conventional breeding programs, with regard to the increasing scope, speed, and efficiency of crop selection. Advanced genome characterization techniques have shown increased quality and yield of crops at the same time requiring less fertilizers, pesticides, and water. For livestock, the novel technologies are known to greatly improvise the desirable traits, such as milk yield, meat quality, and reproductive life.

COVID-19 impact on the Agrigenomics Market:

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. Where the medical community is focused on developing successful diagnostic and medical treatment, the agricultural & food processing industries are channelizing their efforts to restore efficient food production, logistics and supply chain efficiency, and creating buffer systems to absorb future supply-demand shocks.

Apart from commodities producers & suppliers, seed manufacturers, trait developers, and genomics researchers alike are focusing to bring solutions for capacity-building in the wake of the COVID-19 pandemic. Agricultural genomics is advancing in the direction of harnessing gene-editing techniques to develop a plethora of anti-bacterial, anti-fungal, and anti-viral solutions

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North America dominated the agrigenomics market due to the strong R&D, technology innovation, and increased mergers and acquisitions in agrigenomics in the region. The US accounted for the largest country-level share in 2020 due to the advancements in sequencing and molecular breeding that are used in applications such as food & agriculture, animal health, and public health.

The key players in this market include Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), Illumina, Inc. (US), Eurofins Scientific SE (Luxembourg), and LGC Limited (UK). Some of these players–Thermo Fisher Scientific, Inc. (US) and Illumina, Inc. (US)–are both, technology and service providers who have streamlined their supply chain in providing agrigenomics services.

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