PUBLISHER: Value Market Research | PRODUCT CODE: 1306546
PUBLISHER: Value Market Research | PRODUCT CODE: 1306546
The global demand for Agrigenomics Market is presumed to reach the market size of nearly USD 9.99 BN by 2030 from USD 4.49 BN in 2022 with a CAGR of 10.5% under the study period 2023 - 2030.
Agrigenomics, also known as agricultural genomics or agri-genetics, is a field of study that combines genetics, genomics, and bioinformatics to understand and improve agricultural crops, livestock, and other agricultural organisms. It involves the application of genomic technologies and data analysis techniques to enhance the productivity, sustainability, and resilience of agricultural systems.
The increasing demand for food security, driven by the growing global population, fuels the need for improved crop varieties and livestock breeds with higher yields, disease resistance, and nutritional value. Advancements in genomic technologies, such as next-generation sequencing and genome editing, have revolutionized the field, enabling faster and more comprehensive analysis of agricultural organisms' genetic composition. This has led to the adoption of agrigenomics in research and commercial applications. By understanding the genetic makeup of crops and livestock, farmers can make informed decisions regarding planting, fertilization, disease management, and breeding strategies. The increasing focus on sustainable agriculture further drives the adoption of agrigenomics, as it facilitates the development of resource-efficient and resilient agricultural solutions. Collaborations and partnerships between academic institutions, research organizations, and private companies accelerate research and development in this field. A supportive regulatory environment that encourages agricultural biotechnology and genomic research also contributes to market growth. Additionally, significant investments in research and development fuel advancements in agrigenomics.
The research covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of agrigenomics. The growth and trends of agrigenomics industry provide a holistic approach to this study.
This section of the agrigenomics market provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Agrigenomics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the agrigenomics market include Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), Illumina, Inc. (US), Eurofins Scientific SE (Luxembourg), and LGC Limited (UK), Some of these players-Thermo Fisher Scientific, Inc. (US) and Illumina, Inc. (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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