Press release
Global Agrigenomics Market: Steady Growth Driven by Rising Food Demand and Technological Advancements
Agrigenomics Market Size
Emerging Trends and Key Factors Influencing the Global Agrigenomics Market till 2029
What Is The Projected Market Size Of The Global Agrigenomics Market And Its Growth Rate?
The agrigenomics market has experienced significant growth in recent years. Key statistics include:
• 2024 Market Size: $4.31 billion
• 2025 Market Size: $4.81 billion (CAGR: 11.6%)
• 2029 Market Size: $7.42 billion (CAGR: 11.4%)
Market growth can be attributed to factors such as increasing demand for sustainable agriculture, rising population and food demand, government initiatives and funding, growth in precision farming practices, and increasing collaborations and partnerships.
What Is Driving The Growth In The Agrigenomics Market?
The continued exponential rise in global population is notably contributing to the agrigenomics market's growth. The growing population is steadily increasing the demand for more productive and sustainable farming, which agrigenomics can provide. Furthermore, agrigenomics significantly aids in producing more nutrient-dense meals and growing large quantities of food in a small area, beneficial for the burgeoning global population. This trend is set to continue as the United Nations predict the global population will grow to 8.5 billion by 2030 and 9.7 billion by 2050.
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Who Are the Key Players Driving Agrigenomics Market Growth?
Key players shaping the landscape of the global agrigenomics market include:
• Eurofins Scientific SE
• Galseq Srl
• Illumina Inc.
• LGS Limited
• Neogen Corporation
• Thermo Fisher Scientific Inc.
• Zoetis Inc.
• Pacific Biosciences f California Inc.
• NuGEN Technologies Ltd.
What Are The Key Trends In The Agrigenomics Market?
Significant trends influencing the agrigenomics market include:
• Sustainable agricultural practices
• Development of new technologies
• Innovative technologies
• Government funding and investments
What Are The Segments Of The Global Agrigenomics Market?
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, Livestock
Which Region Leads The Agrigenomics Market?
North America was the largest region in the agrigenomics market share in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Agrigenomics Market Global Market Report?
- Market Size Analysis: Analyze the Agrigenomics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Agrigenomics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Agrigenomics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Agrigenomics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Top Companies Covered in this Report:
1. Agilent Technologies Inc.
2. Agrigenomics' Inc.
3. Biogenetic Services' Inc.
4. Eurofins Scientific Se
5. Galseq Srl Via Italia
6. Illumina, Inc.
7. LGS Limited
8. Neogen Corporation
9. Thermo Fisher Scientific Inc.
10. Zoetis'…
