Agrigenomics Market Dominated by North America Amid Increasing Adoption of Molecular Breeding

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 2034."

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According to the latest research by InsightAce Analytic, the global Agrigenomics market is valued at USD 5.1 Billion in 2024, and it is expected to reach USD 12.6 Billion by the year 2034, with a CAGR of 9.5% during a forecast period of 2025-2034.

Agriculture has played a fundamental role in human civilization for thousands of years; however, evolving environmental conditions and a rapidly expanding global population necessitate the adoption of more efficient and sustainable agricultural practices. Agrigenomics, which examines the genetic composition of crops and livestock, investigates how genetic factors influence agricultural productivity. The integration of genomics into agricultural processes is driving advancements in both crop and livestock yield as well as sustainability. Recent technological progress has shifted focus from single-gene sequencing toward comprehensive whole-genome sequencing, thereby significantly enhancing the scope and impact of agrigenomics.

The growing global demand for organic food products serves as a key catalyst for the agrigenomics market. Increasing consumer preference for bioengineered foods, which offer improved nutritional profiles and promote accelerated growth in plants and animals, further supports market expansion. Additionally, the availability of grants and financial incentives for agrigenomics research continues to stimulate industry development. The rising adoption of bioengineered crops exhibiting traits such as enhanced nutritional value, prolonged shelf life, and climate resilience-alongside applications in pharmaceutical domains such as vaccine and drug development-bolsters market momentum. Moreover, the cultivation of hybrid crops, elevated demand for high-quality produce, and expansion of the agricultural sector collectively contribute to the growth of the agrigenomics market. The role of agrigenomics in strengthening food and nutritional security, as well as ensuring food safety and authenticity, presents significant opportunities for stakeholders.

Nonetheless, the industry faces challenges including insufficient infrastructure and limited implementation of interdisciplinary research approaches, which may impede growth. Public concerns and regulatory constraints surrounding genome editing in agriculture are also anticipated to present obstacles throughout 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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This release was published on openPR.