Agrigenomics Market Analysis, Growth Opportunities and Global Forecast to 2026

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.

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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.

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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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