Agrigenomics Market Insights and Forecasts by Sequencer Types, Applications in Crops and Livestock, and Objectives to Drive Significant Growth by 2030

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 been integral to human development for millennia, but the evolving environmental landscape and rapidly growing global population are driving the need for more efficient and sustainable farming practices. Agrigenomics, the study of the genetic composition of crops and livestock, explores how genes influence agricultural productivity. The integration of genomics into agriculture is advancing both productivity and sustainability in crop and livestock production. Technological innovations are shifting the focus from single-gene sequencing to whole-genome sequencing, further enhancing the capabilities of agrigenomics.

A key factor propelling the growth of the agrigenomics market is the rising global demand for organic food products. The growing preference for bioengineered foods, which offer enhanced nutrient profiles and support accelerated growth in plants and animals, is also contributing to market expansion. Additionally, the increasing availability of grants and financial support for agrigenomics research is fostering industry growth. The demand for bioengineered crops with attributes such as improved nutritional value, extended shelf life, and resilience to climate change, along with their use in medicinal applications like vaccine and drug development, is further driving market momentum. Moreover, the growing cultivation of hybrid crops, heightened demand for superior crop quality, and the expansion of the agricultural sector are all benefiting the agrigenomics market. Furthermore, the application of agrigenomics in ensuring food and nutritional security, as well as ensuring food safety and authenticity, is expected to offer lucrative opportunities for market participants.

However, challenges remain, including inadequate infrastructure and suboptimal transdisciplinary research methodologies, which may hinder market growth. Additionally, concerns over public perceptions and regulatory barriers regarding genome editing in agriculture are expected to pose difficulties for the agrigenomics industry over the forecast period.

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North America is projected to be the leading contributor to the agrigenomics market throughout the forecast period, driven by the region's robust research and development (R&D) in agrigenomics, technological innovations, and a rising number of mergers and acquisitions. The United States holds the largest share at the country level, benefiting from advancements in sequencing and molecular breeding technologies applied across sectors such as food and agriculture, animal health, and public health. North America is a major producer of genetically modified (GM) crops, including corn, soybean, canola, and beet, contributing significantly to the market.

In parallel, the agrigenomics market in the Asia Pacific region is anticipated to experience substantial growth during the forecast period. The region's economic expansion is largely driven by increased governmental support for R&D activities, and the growing demand for improved crops and livestock is fueling the rapid market development.

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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.