Agrigenomics for Livestock Market Value is Expected USD 6.11 Billion by 2029

Data Bridge Market Research analyses that the Agrigenomics for Livestock Market was valued at USD 3.3 billion in 2021 and is expected to reach the value of USD 6.11 billion by 2029, at a CAGR of 8.00% during the forecast period. The market is expanding due to growing concerns about animal health. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.

Agrigenomics is the study of genetically modified plants and livestock and how genes affect production. The use of genomics in agriculture allows for increased sustainable livestock output and productivity. The resolution of the next-generation sequence allows researchers to investigate the transmission patterns of infectious pathogens over time, thus contributing to the development of effective medicine

Recent Development

LGC announced the expansion of its regulated bioanalytical LC-MS service in November 2020 with the installation of a high-resolution mass spectrometer, the SCIEX TripleTOF 6600 LC-MS/MS System.

Thermo Fisher's newly released platform in November 2019 is the first fully integrated, next-generation sequencing platform with an automated sample-to-report workflow that delivers results economically in a single day.

Illumina, Inc. announced the NovaSeq S4 flow cell reagent kit and NovaSeq Xp workflow for its NovaSeq 6000 System in January 2017. The NovaSeq platform's power and flexibility are aided by flow cell innovation. The addition of this new flow cell and workflow to the platform expands its capabilities.

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Some of the Major Players of Global Agrigenomics For Livestock Market

SGS SA (Switzerland)
Bureau Veritas (France)
Eurofins Scientific (Luxembourg)
Intertek Group plc (U.K.)
Mérieux NutriSciences (U.S.)
ALS Limited (Australia)
Neogen (U.S.)
AsureQuality (New Zealand)
Charm Sciences (U.S.)
Premier Analytical Services (U.K.)
Dairyland Laboratories (U.S.)
Bio-Check (U.K.)
AES Laboratories (India)
IEH Laboratories and Consulting Group (U.S.)
Envirologix Inc. (U.S.)
EMSL Analytical, Inc. (U.S.)
Krishgen Biosystems (U.S.)

Global Agrigenomics for Livestock Market Scope

The agrigenomics for the livestock market is segmented on the basis of offering and sequencer type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Offering

DNA Extraction and Purification
DNA/RNA Sequencing
Genotyping
Gene Expression Profiling
Marker-Assisted Selection
GMO/Trait Purity Testing

Sequencer type

Sanger Sequencing
Illumina Hi Seq Family
Pacbio Sequencers
Solid Sequencers

Agrigenomics for Livestock Market Regional Analysis/Insights

The agrigenomics for livestock market is analysed and market size insights and trends are provided by country, offering and sequencer type as referenced above.

The countries covered in the agrigenomics for livestock market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The agrigenomics market was dominated by North America. The United States accounted for the largest country-level share due to advances in sequencing and molecular breeding, which are used in applications such as food and agriculture, animal health, and public health. North American countries produce a significant amount of G.M. crops each year, including canola, maize, soybeans, and sugar beets.

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Agrigenomics for Livestock Market Dynamics

Drivers

Rapid advancements in tools and technique

Rapid advances in functional genomics, such as the adoption of massively parallel sequencing technology and the development of methods to study cellular behavior at the molecular level, are propelling the global agrigenomics market. In terms of crop selection scope, speed, and efficiency, molecular marker-assisted crop breeding outperforms traditional breeding programs in agriculture. According to advanced genome characterization tools, crops can have higher quality and yield while using fewer fertilizers, herbicides, and water.

Growing global population burden and rising research and development activities

Rising food consumption, increased use of advanced tools and techniques for genome testing, and rising government-funded research and development investments. Furthermore, the growing global population burden and rising demand for livestock and dairy products are some of the other factors influencing global agrigenomics market growth. Some of the factors assisting the market's growth are the introduction of technological advancements in genome databases by livestock breeders and an increase in demand from breeders for high quality livestock animals.

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Opportunity

The expansion of the agrigenomics market beyond food and nutritional security is dependent on broadening the application spectrum. Genome analysis tools and techniques can also aid in the detection of food safety issues such as spoilage and contamination, adulteration, and economic fraud, as well as traceability from farm to fork. By providing unprecedented access to genomic information, New Breeding Techniques (NBT) based on applied genetics have transformed crop and livestock breeding strategies. Genomics has also provided data on the biological status of critical resources such as fisheries, crops, and livestock health with great success.

Restraints

However, the low adoption of automated instruments is acting as a market restraint for the agrigenomics for livestock market during the forecasted period, whereas one of the most significant challenges to the market's growth is the hazardous effects that limit certain research practises.

Key questions answered in this report - Global Agrigenomics For Livestock Market Data Survey Report

What will be the market size and the growth rate?

What are the key factors driving the Global Agrigenomics For Livestock Market?

Who are the key market players and what are their strategies in the Global Agrigenomics For Livestock Market?

What are the key market trends impacting the growth of the Global Agrigenomics For Livestock Market?

What trends, challenges and barriers are influencing its growth into Global Agrigenomics For Livestock Market?

What are the market opportunities and threats faced by the vendors in the Global Agrigenomics For Livestock Market?

What are the key outcomes of the five forces analysis of the Global Agrigenomics For Livestock Market market?

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Research Methodology: Global Agrigenomics for Livestock Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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