Soaring Demand Set to Propel Agrigenomics Market to $7.41 Billion by 2029

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What Is the Expected CAGR for the Agrigenomics Market Through 2025?
The expansion of the agrigenomics market has been fast-paced in the past few years. The projections indicate that it will surge from a worth of $4.31 billion in 2024 to $4.81 billion in 2025, registering a compound annual growth rate (CAGR) of 11.6%. Factors contributing to this notable growth during the historical period include surging demand for sustainable farming, an increase in population and food demand, government policies and financial support, advancements in precision farming methods, as well as collaborations and partnerships.

What's the Projected Size of the Global Agrigenomics Market by 2029?
The agrigenomics sector is projected to experience swift expansion in the coming years, with expectations for the market to reach a worth of $7.41 billion by 2029, reflecting an 11.4% compound annual growth rate (CAGR). The projected growth in this timeframe can be linked to the rising challenges of climate change, the broadening applications of genomic data, greater incorporation of big data analytics, a worldwide concentration on sustainable agriculture, and sustained governmental backing. Key trends to watch in this forecast period include the practice of sustainable agriculture, the creation of new technology, game-changing innovations, and the funding and investments from government bodies.

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Top Growth Drivers in the Agrigenomics Industry: What's Accelerating the Market?
The unprecedented surge in the global populace is significantly fueling the expansion of the agrigenomics market. With the ever-growing population, there is an escalated need for more efficient and sustainable agricultural practices. Agrigenomics plays a crucial role in delivering more nutritionally rich food and generating substantial volumes of food in a limited space, thereby supporting the burgeoning population. For example, figures from the US-based United Nations, an intergovernmental organization committed to maintaining global peace and safety, predict that the worldwide population will reach 8.5 billion by 2030, and 9.7 billion by 2050. As such, the dramatic rise in global population is poised to serve as a major impetus for the agrigenomics market.

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What Trends Will Shape the Agrigenomics Market Through 2029 and Beyond?
Technology developments are a growing trend within the agrigenomics market. Many leading firms in this sector are striving to create fresh technologies to boost genomic research, and improve existing agrigenomics platforms. Take for example, in May 2022, NEOGEN Corporation, a food safety company from Switzerland, collaborated with Gencove, an Indian-based company specializing in providing low-pass whole genome sequencing and analysis software, to introduce InfiniSEEK. This unique, cost-effective approach for whole genome sequencing and targeted SNP analysis brings an affordable, data-rich method for customers worldwide to categorize cattle using genome-wide sequence data, specific genetic characteristics, and parentage indicators all at the same time.

What Are the Main 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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Which Top Companies are Driving 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.

Which Regions Will Dominate the Agrigenomics Market Through 2029?
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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