Revolutionizing Agriculture: Agrigenomics Market Trends and Future Outlook || Agilent Technologies Inc., Agrigenomics Inc., Biogenetic Services Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Agrigenomics Global Market Report 2023 identifies the exponential increase in the world population is significantly contributing to the growth of the agrigenomics market going forward. Expanding population is increasing the demand for more productive and more sustainable farming. Agrigenomics also aids in the production of more nutrient-dense meals and the growth of huge quantities of food in a small area which helps in sustaining the increasing population. For instance, in 2022, according to data from the United Nations, a US-based intergovernmental organization whose stated purposes are to maintain international peace and security, the global population is projected to grow to 8.5 billion in 2030 and to 9.7 billion in 2050.

The global agrigenomics market size is expected to grow from $3.54 billion in 2022 to $3.95 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global agrigenomics market is expected to reach $5.88 billion in 2027 at a CAGR of 10.5%.

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Major competitors in the agrigenomics market are Agilent Technologies Inc., Agrigenomics Inc., Biogenetic Services Inc., Eurofins Scientific Se, Galseq Srl Via Italia, Illumina Inc., LGS Limited, Neogen Corporation, Thermo Fisher Scientific Inc.

A key trend in the agrigenomics market includes technological advancements. Major companies operating in the agrigenomics market are focusing on developing new technologies for improving genomic studies and enhancing the current platforms for agrigenomics. For instance, In May 2022, NEOGEN® Corporation, a Switzerland-based food safety company, and Gencove, an Indian-based company that provides low-pass whole genome sequencing and analysis software company, launched InfiniSEEK™. It is an innovative, less costly solution for whole genome sequencing and targeted SNP analysis.

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The agrigenomics market is segmented -

1) By Service Offerings: Genotyping, DNA Fingerprinting, Assessment of Genetic Purity, Trait Purity Assessment, Gene Expression Analysis, Other Service Offerings

2) By Technology: Real-Time PCR (qPCR), Microarrays, Next Generation Sequencing, Capillary Electrophoresis, Other Technologies

3) By Sequencer Type: Sanger Sequencing, Illumina Hi Seq Family, Pacbio Sequencers, Solid Sequencers, Other Sequencer Types

4) By Application: Crops, Livestocks

5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the agrigenomics market share

The Business Research Company's "Global Agrigenomics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Agrigenomics Market Include:
1. Executive Summary
2. Agrigenomics Market Characteristic
3. Agrigenomics Market Trends And Strategies
4. Agrigenomics Market - Macro Economic Scenario
5. Agrigenomics Market Size And Growth
……………
27. Agrigenomics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agrigenomics Market
29. Agrigenomics Market Future Outlook And Potential Analysis
30. Appendix

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