Press release
Emerging Trends to Drive Agrigenomics Market Growth at 11.4% CAGR Through 2029
Agrigenomics Market
Agrigenomics Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the agrigenomics market has seen swift expansion. It is anticipated to rise from a value of $4.31 billion in 2024 to $4.81 billion in 2025, with a compound annual growth rate (CAGR) of 11.6%. The growth during the historical period is credited to a surge in sustainable agriculture, escalating population and food demand, government-led initiatives and funding, the advancement of precision farming techniques, as well as collaborations and partnerships.
How Will the Agrigenomics Market Size Evolve and Grow by 2029?
The agrigenomics sector is predicted to experience exponential growth in the coming years, with projections indicating its rise to $7.42 billion by 2029 with a compound annual growth rate of 11.4%. The predicted increase in this time frame is due to factors such as amplified climate change impacts, the proliferation applications of genomics, increased use of data analytics, worldwide emphasis on sustainable agriculture and persistent government backing. Sector trends over the forecast period involve advancing towards sustainable farming practices, technology development and innovation, as well as significant funding and investments by the government.
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What Drivers Are Propelling the Growth of Agrigenomics Market Forward?
The surge in global population is a substantial factor propelling the advancement of the agrigenomics market. As the population escalates, so does the need for more productive and sustainable farming techniques. Agrigenomics facilitates the creation of nutrient-rich meals and the cultivation of substantial amounts of food in confined spaces, catering to the growing population's needs. For instance, in 2022, projections from the United Nations, a US-based intergovernmental organization focused on upholding international peace and security, suggest that by 2030, the global population will reach 8.5 billion and will expand further to 9.7 billion by 2050. Consequently, this rapid population growth will fuel the evolution of the agrigenomics market.
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Which Emerging Trends Are Transforming the Agrigenomics Market in 2025?
In the agrigenomics market, one significant trend that is gaining traction is technological innovation. The focus of major players in this market is on the creation of novel technologies for the advancement of genomic studies and improvement of existing agrigenomics platforms. For example, NEOGEN Corporation, a Swiss food safety firm, collaborated with Gencove, an Indian company known for providing low-pass whole genome sequencing and analysis software, in May 2022 to introduce InfiniSEEK. This revolutionary, cost-effective solution for whole genome sequencing and targeted SNP analysis offers customers a comprehensive, budget-friendly method to categorize cattle globally using genome-wide sequence data, specific genetic traits, and parentage markers concurrently.
What Are the Key Segments in the Agrigenomics Market?
The agrigenomics market covered in this report is segmented -
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
Subsegments:
1) By Genotyping: SNP Genotyping, Whole Genome Sequencing
2) By DNA Fingerprinting: Microsatellite Markers, Random Amplified Polymorphic DNA (RAPD)
3) By Assessment Of Genetic Purity: Hybrid Seed Purity Testing, Varietal Purity Testing
4) By Trait Purity Assessment: Trait Validation Testing, Marker-Assisted Selection (MAS)
5) By Gene Expression Analysis: Quantitative PCR (qPCR), RNA Sequencing
6) By Other Service Offerings: Bioinformatics Services, Genetic Mapping, Consultation And Research Services
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Who Are the Key Players Shaping the Agrigenomics Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Agrigenomics Market?
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.
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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'…
