Agrigenomics Market by Sequencer Type, Function, Application

List of Tables

The Agrigenomics Market was valued at USD 13.76 billion in 2023, expected to reach USD 15.16 billion in 2024, and is projected to grow at a CAGR of 10.28%, to USD 27.31 billion by 2030.

Agrigenomics, the application of genomics in agriculture, encompasses the study of the genetic makeup of crops and livestock to enhance productivity, disease resistance, and sustainability. This field leverages advanced genetic techniques, including gene sequencing and genetic modification, to improve agricultural yield and address global food security challenges. The necessity of agrigenomics arises from the increasing demand for food driven by population growth and the need for sustainable agricultural practices amid climate change. Applications span across crop and livestock improvement, precision agriculture, and biotechnologies that enhance nutritional content and resistance to pests or diseases. End-use sectors include research institutions, biotechnological firms, and agricultural producers. Market growth is bolstered by technological advancements in DNA sequencing and growing investment in agro-biotechnologies. Key influencers include the rising adoption of precision farming, government support for sustainable agriculture, and the increasing focus on food nutrition and safety. Recent opportunities present in the form of increased collaborations between agritech companies and research institutes to drive innovation. Companies that can harness AI and big data analytics to achieve more targeted crop improvements stand to benefit. However, challenges lie in regulatory complexities, ethical considerations regarding GMOs, and the high costs of genomic tools. Moreover, small-scale farmers might face barriers to adopting such technologies, potentially limiting market penetration. Innovation opportunities exist in developing cost-effective genomic tools and expanding gene editing technologies like CRISPR for diversified crops and livestock. Businesses can thrive by tapping into personalized farming solutions that offer genetically tailored crop solutions for varying climates and conditions. The market is intrinsically dynamic, facing continuous evolution owing to the rapid technological progress and shifting societal norms, thereby requiring constant adaptation to harness emerging scientific breakthroughs efficiently in the realm of agriculture.

KEY MARKET STATISTICS
Base Year [2023]	USD 13.76 billion
Estimated Year [2024]	USD 15.16 billion
Forecast Year [2030]	USD 27.31 billion
CAGR (%)	10.28%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Agrigenomics Market

The Agrigenomics Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing need for food resources to feed global population
- Need for genomics to improve crop productivity and disease resistance
- Rise in funds toward research on agrigenomics and technologies and advancements single cell genome sequencing
Market Restraints
- Limited adoption of automated instruments to support research
- Highly consolidated laboratory equipment space
Market Opportunities
- Rising opportunities for DNA sequencing in crops and livestock
- Collaborative developments by academicians, government, and agriculture biologics
- Reduced entry barriers supporting entry of small vendors
Market Challenges
- Hazardous effects of unmeasured and unethical research practices

Porter's Five Forces: A Strategic Tool for Navigating the Agrigenomics Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Agrigenomics Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Agrigenomics Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Agrigenomics Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Agrigenomics Market

A detailed market share analysis in the Agrigenomics Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Agrigenomics Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Agrigenomics Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Agrigenomics Market

A strategic analysis of the Agrigenomics Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Agrigenomics Market, highlighting leading vendors and their innovative profiles. These include Agilent Technologies' Inc., AgriGenome Labs Pvt. Ltd., ArrayGen Technologies Pvt. Ltd., Biogenetic Services Inc., cropSeq bioinformatics, Daicel Arbor Biosciences by Chiral Technologies, Inc., Eurofins Scientific SE, Galseq Srl Via Italia, IGA Technology Services, LGS Limited., llumina Inc., Neogen Corporation, Paragon Genomics, Inc., PerkinElmer Inc., Tecan Trading AG, Thermo Fisher Scientific' Inc., and Zoetis' Inc..

Market Segmentation & Coverage

This research report categorizes the Agrigenomics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Sequencer Type, market is studied across Illumina Hi Seq Family, PacBio Sequencers, Sanger Sequencing, and Solid Sequencers.
Based on Function, market is studied across Next-Generation Genotyping, Targeted Sequencing, and Whole-Genome Sequencing.
Based on Application, market is studied across Crop and Livestock.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-43539E5D2CFC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing need for food resources to feed global population
  - 5.1.1.2. Need for genomics to improve crop productivity and disease resistance
  - 5.1.1.3. Rise in funds toward research on agrigenomics and technologies and advancements single cell genome sequencing
- 5.1.2. Restraints
  - 5.1.2.1. Limited adoption of automated instruments to support research
  - 5.1.2.2. Highly consolidated laboratory equipment space
- 5.1.3. Opportunities
  - 5.1.3.1. Rising opportunities for DNA sequencing in crops and livestock
  - 5.1.3.2. Collaborative developments by academicians, government, and agriculture biologics
  - 5.1.3.3. Reduced entry barriers supporting entry of small vendors
- 5.1.4. Challenges
  - 5.1.4.1. Hazardous effects of unmeasured and unethical research practices
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Agrigenomics Market, by Sequencer Type

6.1. Introduction
6.2. Illumina Hi Seq Family
6.3. PacBio Sequencers
6.4. Sanger Sequencing
6.5. Solid Sequencers

7. Agrigenomics Market, by Function

7.1. Introduction
7.2. Next-Generation Genotyping
7.3. Targeted Sequencing
7.4. Whole-Genome Sequencing

8. Agrigenomics Market, by Application

8.1. Introduction
8.2. Crop
8.3. Livestock

9. Americas Agrigenomics Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Agrigenomics Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Agrigenomics Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Agilent Technologies' Inc.
2. AgriGenome Labs Pvt. Ltd.
3. ArrayGen Technologies Pvt. Ltd.
4. Biogenetic Services Inc.
5. cropSeq bioinformatics
6. Daicel Arbor Biosciences by Chiral Technologies, Inc.
7. Eurofins Scientific SE
8. Galseq Srl Via Italia
9. IGA Technology Services
10. LGS Limited.
11. llumina Inc.
12. Neogen Corporation
13. Paragon Genomics, Inc.
14. PerkinElmer Inc.
15. Tecan Trading AG
16. Thermo Fisher Scientific' Inc.
17. Zoetis' Inc.