Press release
Growth Patterns, Segment Analysis, and Competitive Approaches Influencing the Agrigenomics Market
The agrigenomics sector is on the brink of substantial expansion as advancements in genetic technology continue to transform agriculture. With growing emphasis on precision breeding and climate resilience, this market is set to experience significant growth and innovation through 2030. Below is an in-depth look at its market size, key players, emerging trends, and major segments shaping its future.Projected Growth Outlook for the Agrigenomics Market Size
The agrigenomics market is anticipated to expand rapidly over the coming years, reaching a valuation of $8.17 billion by 2030. This represents a strong compound annual growth rate (CAGR) of 11.0%. The surge is driven by progress in genomic selection platforms, heightened demand for precision breeding methods, wider application of next-generation sequencing (NGS) technologies, increased funding for bioinformatics tools, and a growing focus on developing genetics that withstand environmental stresses. Key trends expected to influence the market include broader adoption of marker-assisted breeding in both crop and livestock sectors, a rising emphasis on genetic purity testing within hybrid seed production, expanding use of genomic selection to enhance yield and trait quality, accelerated trait identification through NGS, and intensified research on genomics related to disease resistance and stress tolerance.
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Top Companies Leading the Agrigenomics Industry
Several prominent organizations play pivotal roles within the agrigenomics market, including Eurofins Scientific SE, Galseq Srl, Illumina Inc., LGS Limited, Neogen Corporation, Thermo Fisher Scientific Inc., Zoetis Inc., Pacific Biosciences of 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., and Zymo Research Corp.
Strategic Partnership Advancing Agrigenomics Solutions
In March 2024, Eurofins Genomics, based in Luxembourg, joined forces with US-based Agrinetix LLC to enhance genomic data analysis tools tailored for precision agriculture. This collaboration aims to offer accessible, affordable, and advanced genomic selection services throughout the Asia Pacific region. By doing so, it supports the growth of local plant and animal breeding genomics markets. Agrinetix specializes in delivering technology-driven precision agriculture software and solutions, making this partnership a significant step toward regional innovation.
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Innovative Trends Shaping the Agrigenomics Market
Leading companies in the agrigenomics space are pushing boundaries by developing cutting-edge products designed to reach broader customer bases and increase revenues. One notable innovation is the human whole-genome sequencing (WGS) assay, which provides a thorough genetic analysis by sequencing an individual's entire genome. For instance, in March 2023, Illumina Inc., a US biotechnology firm, introduced the Illumina Complete Long Read Prep, Human. Compatible with Illumina NovaSeq X Plus, NovaSeq X, and NovaSeq 6000 sequencing systems, this product uniquely combines access to both long-read and short-read data on a single device. It also offers a streamlined workflow with significantly reduced DNA input requirements compared to other long-read sequencing options.
Key Segments Driving Growth in the Agrigenomics Market
This report categorizes the agrigenomics market into multiple segments for clarity:
1) Service Offerings:
- Genotyping
- DNA Fingerprinting
- Assessment of Genetic Purity
- Trait Purity Assessment
- Gene Expression Analysis
- Other Services
2) Technologies Used:
- Real-Time PCR (qPCR)
- Microarrays
- Next Generation Sequencing
- Capillary Electrophoresis
- Other Technologies
3) Sequencer Types:
- Sanger Sequencing
- Illumina Hi Seq Family
- PacBio Sequencers
- Solid Sequencers
- Other Sequencing Technologies
4) Applications:
- Crops
- Livestock
Further subcategories include:
- Genotyping methods such as SNP genotyping and whole genome sequencing
- DNA fingerprinting techniques including microsatellite markers and random amplified polymorphic DNA (RAPD)
- Genetic purity evaluations covering hybrid seed purity and varietal purity testing
- Trait purity assessments through trait validation and marker-assisted selection (MAS)
- Gene expression analyses via quantitative PCR and RNA sequencing
- Other specialized services like bioinformatics, genetic mapping, and research consultation
Together, these segments highlight the diverse technological and application-driven factors propelling the agrigenomics market forward through the forecast period.
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