Agrigenomics Market to witness market growth at a rate of 7.85% & to reach USD 24.69 billion by 2029

The agrigenomics market is expected to witness market growth at a rate of 7.85% in the forecast period of 2022 to 2029 and is expected to reach USD 24.69 billion by 2029. Data Bridge Market Research report on agrigenomics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The expansion of agriculture sector globally is escalating the growth of agrigenomics market.

Agrigenomics refers to the study of the genetic makeup of crops and livestock and how the genes influence the production of the crops. Application of genomics in agriculture assists in the enhancement in the productivity and sustainability in livestock and crop production. The significant enhancements in technology is supporting the inclination towards whole genome sequencing from single gene sequencing.

The increase in preference for organic food products among population across the globe acts as one of the major factors driving the growth of agrigenomics market. The increase in demand of bioengineered food as they contain good amount of nutrients and aid faster growth of plants and animals, and growth in grants and funding initiatives propelling agrigenomics accelerate the market growth. The high demand for bioengineered crop because of excellent properties such as enhanced nutritional values, long shelf life, and capacity to sustain against climate change and use for medicinal purposes such as development of vaccines and drugs further influence the market. Additionally, increase in the cultivation of hybrid crops, rise in demand for enhanced quality of the crops and expansion of agriculture sector positively affect the agrigenomics market. Furthermore, agrigenomics for food and nutritional security and food safety and authenticity extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

On the other hand, sub-optimized multidisciplinary research approaches and lack luster infrastructure support are expected to obstruct the market growth. Public perceptions and regulatory barriers for genome editing in agriculture are projected to challenge the agrigenomics market in the forecast period of 2022-2029.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-agrigenomics-market

Global Agrigenomics Market Scope and Market Size

The agrigenomics market is segmented on the basis of sequence type, objectives and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of type, the agrigenomics market is segmented into sanger sequencing, illumina hi seq family, pacbio sequencers, solid sequencers and other sequencer types.
On the basis of objectives, the agrigenomics market is segmented into DNA extraction and purification, DNA/RNA sequencing, genotyping, gene expression profiling, marker-assisted selection, GMO/Trait purity testing and others.
On the basis of application, the agrigenomics market is segmented into crops and livestock.
Competitive Landscape and Agrigenomics Market Share Analysis

The agrigenomics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to agrigenomics market.

Some of the major players operating in the agrigenomics market report are Thermo Fisher Scientifi, Inc., Agilent Technologies.Inc, Illumina, Inc., Eurofins Scientific, Zoetics, Tecan Trading AG, Biogenetic Services, GalSeq Srl Via Italia, Edico Genome, Affymetrix, SciGenom Labs, and LGC., J.K.AgriGenetics Ltd, Mahyco, CALYXT, Stine Seed Company., Nufarm Limited, Monsanto Company, Limagrain Cereal Seeds, LLC, Land O'Lakes, Inc., KWS SAAT SE & Co. KGaA, and DLF Seeds A/S, Bejo Zaden B.V., among others.

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