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A Deep Dive into Agrigenomics Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034

02-25-2025 01:48 PM CET | Industry, Real Estate & Construction

Press release from: The Business Research Company

Agrigenomics Market

Agrigenomics Market

Which drivers are expected to have the greatest impact on the over the agrigenomics market's growth?
The immense growth in global population is making a notable contribution to the expansion of the agrigenomics market. As population swells, there's an increased demand for farming that's both productive and sustainable. Agrigenomics plays a role not only in enabling more nutrient-rich food production, but also in fostering the capability to yield large volumes of food in restricted spaces, effectively addressing population increase. For example, figures from the United Nations, a US-based organization committed to upholding international peace and security, predict that by 2030, the global population will rise to 8.5 billion, and by 2050, it will jump to 9.7 billion. Thus, this steep escalation in world population is set to propel the agrigenomics market.

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What is the future CAGR of the agrigenomics market, and how will it impact industry expansion?
There has been a swift expansion in the agrigenomics market in the past few years. The market is projected to accelerate from a size of $4.31 billion in 2024 to a worth of $4.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.6%. The significant progression during the historic period can be traced back to factors such as the surged demand for sustainable agriculture, escalating population and food requirement, government policies and funding, advancements in precision farming strategies, and industry collaborations and alliances.

In the coming years, the agrigenomics market is projected to experience swift expansion. Forecasts predict that the market will reach $7.42 billion in 2029, showing a compound annual growth rate (CAGR) of 11.4%. The predicted growth during this period can be ascribed to several factors such as rising climate change issues, the expanded use of genomic data, increased adoption of big data analytics, worldwide focus on sustainable farming, and persistent government backing. Key trends anticipated in this forecast period encompass sustainable farming methods, technological advancements, innovation, and governmental funding and investments.

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What are the most significant trends transforming the agrigenomics market today?
The dominant trend influencing the agrigenomics market is the advancement of technology. To enhance the efficiency of genomic studies and to improve the existing platforms for agrigenomics, the major market players are increasingly focused on innovation. An example of this trend was seen in May 2022, when NEOGEN Corporation, a Swiss food safety company, and Gencove, an Indian provider of low-pass whole genome sequencing and analysis software, introduced InfiniSEEK. This cost-effective solution for whole genome sequencing and targeted SNP analysis offers the customers a resourceful, budget-friendly method to categorize cattle globally using genome-wide sequence data, specialized genetic traits, and parentage markers simultaneously.

Which key market segments comprise the agrigenomics market and drive its revenue growth?
The agrigenomics market size has grown rapidly in recent years. It will grow from $4.31 billion in 2024 to $4.81 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increasing demand for sustainable agriculture, rising population and food demand, government initiatives and funding, growth in precision farming practices, collaborations and partnerships.

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What regions are at the forefront of agrigenomics market expansion?
North America was the largest region in the agrigenomics market share in 2024. The regions covered in the agrigenomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the agrigenomics market?
Major companies operating in the agrigenomics market are 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., UD-GenoMed Limited, Arbor Biosciences LLC, Tecan Genomics Inc., BGI Group, Bio-Rad Laboratories Inc., Charles River Laboratories International Inc., Danaher Corporation, DNA LandMarks Inc., Dovetail Genomics LLC, F. Hoffmann-La Roche AG, Fluidigm Corporation, Front Range Biosciences Inc., Genotypic Technology Pvt Ltd., GENEWIZ Inc., Inari Agriculture Inc., Intrexon Corporation, Kbiosystems Ltd., KeyGene NV, LC Sciences LLC, NRGene Ltd., Oxford Nanopore Technologies Ltd., Qiagen NV, Saphyrion Inc., SeqLL Inc., Zymo Research Corp.

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What Is Covered In The Agrigenomics Global Market Report?

• Market Size Forecast: Examine the agrigenomics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the agrigenomics market for a structured understanding.
• Key Players Overview: Analyze major players in the agrigenomics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the agrigenomics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the agrigenomics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the agrigenomics market.
• Industry Challenges: Identify potential risks and obstacles affecting the agrigenomics market.
• Competitive Landscape: Review strategic developments in the agrigenomics market, including expansions, agreements, and new product launches.

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