PUBLISHER: Global Insight Services | PRODUCT CODE: 1598635
PUBLISHER: Global Insight Services | PRODUCT CODE: 1598635
The agrigenomics market is anticipated to expand from $4.2 billion in 2023 to $8.9 billion by 2033, reflecting a CAGR of 7.5% over the forecast period.
The agrigenomics market encompasses the application of genomics in agriculture to enhance crop and livestock productivity, resilience, and quality. It involves technologies like DNA sequencing, genotyping, and bioinformatics, facilitating the development of genetically improved varieties and breeds. This market supports sustainable agriculture by optimizing breeding programs, disease resistance, and yield improvement, addressing global food security challenges.
The agrigenomics market is witnessing robust growth due to advancements in genomic technologies and increasing demand for sustainable agriculture. The segment of DNA sequencing leads the market, driven by its critical role in crop improvement and disease resistance. Genotyping is the second-highest performing sub-segment, reflecting its importance in understanding genetic variations for crop and livestock development. The bioinformatics segment is also gaining momentum, as it provides essential tools for data analysis and interpretation. Regionally, North America dominates the market, propelled by substantial investments in research and development and the presence of key industry players. Europe follows closely, with strong governmental support for precision agriculture and sustainable farming practices. Meanwhile, the Asia-Pacific region is emerging as a lucrative market, supported by rapid population growth and increasing food security concerns. The integration of agrigenomics into precision agriculture is expected to further drive market expansion, offering new opportunities for growth and innovation.
Key Companies
Illumina, Thermo Fisher Scientific, Agilent Technologies, Qiagen, Bio- Rad Laboratories, LGC Group, Eurofins Scientific, Perkin Elmer, Bionano Genomics, Genewiz, Zymo Research, GATC Biotech, Macrogen, BGI Genomics, Novogene, Oxford Nanopore Technologies, Pacific Biosciences, Integrated DNA Technologies, Nugen Technologies, Biomatters, Genetic Harvest, Eco Genomics, Bio Seed Innovations, Agri Gene Solutions, Crop Cure Biotech, Green Gene Technologies, Farm Genomics, DNAgro Sciences, Nutri Genix, Plant Genius Labs, Agri DNA Research, Terra Genomics, Seed Synthesis, Agro Gen Insight, Bio Farm Genomics, Genome Field, Helix Harvest, Agri Code Innovations, Gene Wise Agriculture, Harvest Gen Labs
Our research scope provides comprehensive market data, insights, and analysis across a variety of critical areas. We cover Local Market Analysis, assessing consumer demographics, purchasing behaviors, and market size within specific regions to identify growth opportunities. Our Local Competition Review offers a detailed evaluation of competitors, including their strengths, weaknesses, and market positioning. We also conduct Local Regulatory Reviews to ensure businesses comply with relevant laws and regulations. Industry Analysis provides an in-depth look at market dynamics, key players, and trends. Additionally, we offer Cross-Segmental Analysis to identify synergies between different market segments, as well as Production-Consumption and Demand-Supply Analysis to optimize supply chain efficiency. Our Import-Export Analysis helps businesses navigate global trade environments by evaluating trade flows and policies. These insights empower clients to make informed strategic decisions, mitigate risks, and capitalize on market opportunities.