openPR Logo
Press release

Agrigenomics Market Analysis, Growth Opportunities and Global Forecast to 2026

01-28-2022 08:13 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

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. 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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=206614334

Drivers:

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.

Restraints:

Due to budgetary constraints, the adoption of automated systems in agrigenomics research has been comparatively low, unlike other areas such as human genetics. Thus, in developing countries, researchers still prefer manual methods over automated ones, despite being aware of the benefits of using automated systems. Similarly, academic research laboratories in emerging economies find it difficult to invest in such systems. Hence, the penetration of these high-cost automated systems is restricted to developed countries, thus limiting the scope of further market growth in automation in agrigenomics research.

Opportunities:

The growth of the agrigenomics market hinges on broadening the application spectrum beyond food and nutritional security. Tools and techniques of genome analysis can also assist in detecting food safety issues such as spoilage & contamination, adulteration and economic fraud, as well as assisting traceability over the entire supply chain from farm to fork.

New Breeding Techniques (NBT) based on applied genetics have revolutionized breeding strategies for crops and livestock by providing unprecedented access to genomic information. Genomics has also successfully furnished information about the biological status of important resources such as fisheries, crops, and livestock health.

Challenges:

The technological impediments faced by the agrigenomics sector are challenging its current full-fledged growth and jeopardizing its future growth trajectories. Some of the challenges are to overcome species and genotype-dependent transformation, especially in the crops, thereby broadening the spectrum of targeted crop improvements via genome editing, achieving high-efficiency base replacement by shifting the focus away from targeted mutagenesis. Superior and desirable traits of plants are often governed by genetic variations in SNPs (single nucleotide polymorphisms). The main bottleneck is the identification and integration of all such traits in elite varieties at an expedited pace.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=206614334

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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Agrigenomics Market Analysis, Growth Opportunities and Global Forecast to 2026 here

News-ID: 2539709 • Views:

More Releases from Markets and Markets

Exploring the Growing Sugar Substitutes Market: A Path to Healthier Lifestyles
Exploring the Growing Sugar Substitutes Market: A Path to Healthier Lifestyles
The global sugar substitutes market is undergoing a significant transformation, driven by a multitude of factors including escalating health concerns, regulatory dynamics, and technological advancements. This article provides an in-depth analysis of the market dynamics, challenges, and emerging trends, shedding light on the critical role of sugar substitutes in fostering healthier lifestyles and combating lifestyle-related diseases. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1134 Understanding the Dynamics: Health Consciousness Driving Market Growth The burgeoning rates of obesity and
Application Integration System Market Growth Factors Trends, Statistics, Size, Share, Emerging Technologies Analysis
Application Integration System Market Growth Factors Trends, Statistics, Size, S …
According to a research report "Application Integration Market by Offering (Platforms and Services), Integration Type, Application (Customer Relationship Management, Enterprise Resource Planning), Vertical (BFSI, Retail & eCommerce, Automotive) and Region - Global Forecast to 2028" published by MarketsandMarkets Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163845287 The global Application Integration System Market size is projected to grow from 15.4 billion in 2023 to USD 38.4 billion by 2028 at a Compound Annual Growth Rate
Operational Technology (OT) Security Market Size, Trends, Competitors Strategy, Regional Study
Operational Technology (OT) Security Market Size, Trends, Competitors Strategy, …
According to a research report "Operational Technology (OT) Security Market by Offering (Solutions & Services), Deployment Mode (On-premises & Cloud), Organization Size (SMEs & Large Enterprises), Vertical (Manufacturing, Oil & Gas, Others), End User & Region - Global Forecast to 2029" published by MarketsandMarkets, The Operational Technology (OT) Security Market is expected to grow from USD 20.7 billion in 2024, to USD 44.9 billion by 2029, at a compound annual growth
Composable Applications Market Size, Share, Industry Analysis, Emerging Trends, Development Status - 2028
Composable Applications Market Size, Share, Industry Analysis, Emerging Trends, …
The Composable Applications Market size is estimated at USD 5.2 billion in 2023 and is projected to reach USD 11.8 billion by 2028, at a CAGR of 17.5%. Factors such as the increasing need for rapid customization and scalability and increased app development demand drives the market. Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=258272507 By offering, the services segment is expected to grow at highest CAGR The services include integration & implementation, consulting & training,

All 5 Releases


More Releases for MarketsandMarkets™

MarketsandMarkets™ predicts IPTV Market Size worth $115.2 billion by 2026
The global IPTV Market size is projected to grow from USD 50.9 billion in 2021 to 115.2 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period. The major factors driving the growth of the IPTV Market are the growing preference for video-on-demand and growing demand for high-definition channels, Increase in internet video advertising, and rising internet penetration. Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=79583912 Browse in-depth
Data Fabric Market worth $4.2 billion by 2026 | MarketsandMarkets™
According to a new market research report "Data Fabric Market by Type (Disk-Based, In-Memory), Business Applications (Fraud Detection and Security Management, Customer Experience Management, Business Process Management, GRC Management), Service, Vertical and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 1.0 billion in 2020 to USD 4.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 26.3% during the forecast
Smart Shelves Market worth $7.1 billion by 2026 | MarketsandMarkets™
According to a new market research report "Smart Shelves Market by Component (RFID Tags and Readers, ESL, IoT Sensors, Cameras, and Software and Solutions), Application (Inventory Management, Pricing Management, Content Management, and Planogram Management), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size expected to grow from USD 1.8 billion in 2020 to USD 7.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of
Conversational AI Market worth $13.9 billion by 2025 | MarketsandMarkets™
According to a new market research report "Conversational AI Market by Component (Platform and Services), Type (IVA and Chatbots), Technology (ML and Deep Learning, NLP, and ASR), Application, Deployment Mode (Cloud and On-premises), Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 4.8 billion in 2020 to USD 13.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of
Private LTE Market worth $7.5 billion by 2025 | MarketsandMarkets™
According to a new market research report "Private LTE Market by Component (Infrastructure and Services), Technology (FDD and TDD), Deployment Model (Centralized and Distributed), Frequency Band (Licensed, Unlicensed, and Shared Spectrum), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 4.0 billion in 2020 to USD 7.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.6%
5G Security Market worth $5,226 million by 2026 | MarketsandMarkets™
According to a new market research report "5G Security Market by Component (Solutions (Next-Generation Firewall, Antivirus, DDOS Protection, DLP, Security Gateway) and Services), Network Component Security, Architecture, Deployment Type, End User, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size projected to grow from USD 580 million in 2020 to USD 5,226 million by 2026, at a Compound Annual Growth Rate (CAGR) of 44.3% during