Agrigenomics Market: A Harvest of Opportunity for a Sustainable Food Future

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Agrigenomics Market- by Sequencer Types (Sanger Sequencing, Illumina hi Seq Family, Pacbio Sequencers, Solid Sequencers, and Other Sequencer Types), Objectives (DNA Extraction & Purification, DNA/RNA Sequencing, Genotyping, Gene Expression Profiling, Marker-assisted Selection, GMO/Trait Purity Testing, and Other Objectives), Application (Crops and Livestock), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by InsightAce Analytic, the global Agrigenomics market is valued at US$ 4.05 Billion in 2021, and it is expected to reach US$ 8.83 Billion by 2030, with a CAGR of 9.14% during a forecast period of 2022-2030.
Agriculture has provided sustenance and enhanced human existence for millennia; however, the demand for more efficient and sustainable farming is increasing due to environmental changes and a swiftly growing population. Agrigenomics investigates the relationship between the genetic composition of crops and livestock and the yield of those crops. The application of genomics in the agricultural sector increases crop and livestock production's sustainability and productivity. Considerable technological progress is facilitating the transition from single gene sequencing to whole genome sequencing.

An important determinant propelling the expansion of the agrigenomics industry is the increasing preference for organic products among the worldwide populace. The market is expanding due to the rising demand for bioengineered foods, characterized by their elevated nutrient content and ability to stimulate accelerated plant and animal development, in addition to the escalation of grants and financing initiatives that bolster agrigenomics. The market is further influenced by the increasing demand for bioengineered crops, which are appreciated for their superior qualities including extended shelf life, increased nutritional value, and resistance to climatic change. Additionally, these crops find utility in the development of pharmaceuticals and vaccines.

Enhanced cultivation of hybrid crops, rising demand for higher-quality produce, and the expansion of the agricultural sector are all factors that contribute to the growth of the agrigenomics market. In addition, agrigenomics for food and nutritional security, in addition to food safety and authenticity, will offer market participants lucrative opportunities. Conversely, market expansion is expected to be hindered by suboptimal transdisciplinary research methodologies and inadequate infrastructure support. Difficulties are anticipated to plague the agrigenomics sector throughout the period of prognosis due to public opinion and legal barriers surrounding genome editing in agriculture.

The Agrigenomics market is expected to witness significant growth in North America during the projected years, primarily driven by the region's robust agrigenomics research and development, technological advancements, and increasing number of mergers and acquisitions. As a result of advancements in molecular genetics and sequencing utilized in food and agriculture, animal health, and public health, the United States contributed the most at the national level. North American countries produce a substantial quantity of genetically modified (GM) maize, soybean, canola, and beet crops annually. Moreover, it is anticipated that the Asia Pacific Agrigenomics market will expand substantially over the period of forecast. The majority of the region's economy is attributable to the government's increased funding for R&D, while the demand for enhanced crops and livestock is the primary driver of the fastest growth.

Major market players operating in the Agrigenomics market include
Eurofins Scientific (Luxembourg), LGC Limited (UK), Illumina, Inc. (US), Zoetis Inc. (US)., Agilent Technologies, Inc. (US), Thermo Fisher Scientific Inc. (US), and Other Prominent Players.

Recent collaborations and agreements in the market:
• In November 2020, The SCIEX TripleTOF 6600 LC-MS/MS System, a high-resolution mass spectrometer, was added by LGC to their regulated bioanalytical LC-MS service.
• In November 2019, Thermo Fisher's recently released platform was the first fully integrated next-generation sequencing technology with an automated sample-to-report workflow that produces findings in only one day.

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Market Segments
Global Agrigenomics Market, by Sequencer Type, 2022-2030 (Value US$ Mn)
• Sanger sequencing
• Illumina hi seq family
• Pacbio sequencers
• Solid sequencers
• Other sequencer types

Global Agrigenomics Market, by Application, 2022-2030 (Value US$ Mn)
• Crops
• Livestock

Global Agrigenomics Market, by Objective, 2022-2030 (Value US$ Mn)
• DNA extraction & purification
• DNA/RNA sequencing
• Genotyping
• Gene expression profiling
• Marker-assisted selection
• GMO/trait purity testing
• Other objectives

Global Agrigenomics Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Agrigenomics Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Agrigenomics Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Agrigenomics Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Agrigenomics Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Agrigenomics Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Agrigenomics market
 To receive an industry overview and future trends of the Agrigenomics market
 To analyze the Agrigenomics market drivers and challenges
 To get information on the Agrigenomics market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Agrigenomics market industry

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