Press release
Agrigenomics Market Current Scenario with Future Aspect Analysis
According to the latest research by InsightAce Analytic, the global Agrigenomics Market Size is valued at USD 5.1 Billion in 2024 and is predicted to reach USD 12.6 Billion by the year 2034 at a 9.5% CAGR during the forecast period for 2025-2034.
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Agriculture has supported human civilization for millennia, but today's challenges-such as climate change and a rapidly growing global population-are pushing the need for more efficient and sustainable farming practices. Agrigenomics, the study of the genetic composition of crops and livestock, plays a critical role in addressing these issues by exploring how genes impact traits like yield, resistance, and growth. By applying genomic tools to agriculture, researchers and producers can enhance both productivity and sustainability in plant and animal farming. The field has seen notable progress, shifting from single-gene analysis to more advanced methods like whole genome sequencing, which offer deeper insights and more precise outcomes for breeding and agricultural innovation.
One of the prominent factors driving the growth of the agrigenomics market is the growing inclination for organic food items among the global population. Increased demand for bioengineered foods, which have a high concentration of nutrients and promote faster growth in plants and animals, as well as an increase in grants and financing initiatives supporting agrigenomics, are driving market expansion. The rising demand for bioengineered crops due to great qualities such as higher nutritional values, long shelf life, and ability to withstand climatic change, as well as an application for medicinal purposes such as vaccine and drug development, further affect the market. Furthermore, increased hybrid crop cultivation, increased demand for improved crop quality, and agricultural sector expansion all benefit the agrigenomics market. Furthermore, agrigenomics for food and nutritional security, as well as food safety and authenticity, will provide profitable prospects to market participants. On the other side, it is anticipated that inadequate infrastructure support and sub-optimized transdisciplinary research methodologies will impede market expansion. The agrigenomics industry is anticipated to have difficulties over the forecast period due to public views and legal obstacles around genome editing in agriculture.
North America is anticipated to be the major contributor to the Agrigenomics market over the forecast years due to the region's strong agrigenomics R&D, technological innovation, and rising mergers and acquisitions. Due to developments in sequencing and molecular breeding applied in fields including food & agriculture, animal health, and public health, the US accounted for the biggest country-level proportion. Each year, North American nations generate a significant amount of GM corn, soybean, canola, and beet crops. In addition, the Asia Pacific Agrigenomics market is expected to grow significantly during the forecast period. The government's increased support for R&D operations is responsible for the majority of the region's economy, and the need for improved crops and livestock is what is driving the fastest growth.
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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, 2025-2034 (Value US$ Mn)
• Sanger sequencing
• Illumina hi seq family
• Pacbio sequencers
• Solid sequencers
• Other sequencer types
Global Agrigenomics Market, by Application, 2025-2034 (Value US$ Mn)
• Crops
• Livestock
Global Agrigenomics Market, by Objective, 2025-2034 (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, 2025-2034 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Agrigenomics Market, by Country, 2025-2034 (Value US$ Mn)
• U.S.
• Canada
Europe Agrigenomics Market, by Country, 2025-2034 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Agrigenomics Market, by Country, 2025-2034 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Agrigenomics Market, by Country, 2025-2034 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Agrigenomics Market, by Country, 2025-2034 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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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 a 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.https://www.insightaceanalytic.com/images_data/148861653.JPG
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