Agrigenomics Market Size, Share, and Industry Analysis By Type (Crops and Livestock), By Sequencer (Sanger Sequencing, Illumina Hi Seq Family, and PacBio Sequencing), and Regional Forecast till 2032

The global agrigenomics market is anticipated to expand significantly. This is due to the rising importance of genomics in agriculture and increasing demand for a range of packed food products. Agrigenomics is a combination of agricultural genomics. It is the application of inheritance in cultivation to increase mixed farming productivity and sustainability. Genomics helps to decrease the number of trials and failures in examination. It potentially improves the quality and quantity of agrarian yields in agriculture. This field uses genomic technology including DNA sequencing and bioinformatics to reveal specific genes connected to attractive features such as better yields, disease résistance, and enhanced nutritional content.

• According to the U.S. Department of Agriculture (USDA), agrigenomics research funding is approximately USD 500 million in the U.S. in 2023.

They are acting as a critical role in packaging as it acts as a blockade and averts probability of contamination of product, thus increasing shelf-life of products. Linking features to gene signatures aids crop breeding in development of hybrids with best characteristics.

• According to the Ministry of Statistics and Program Implementation (MoSPI), agrigenomic-based crop development covered 10 million hectares in India in 2023.

Agrigenomics Market Driver

Technological Advancements and Sustainability Initiatives Boost Market Growth

The growing aspect for market expansion is raising encroachment in genomic technologies. Field of genetic engineering is observing rapid advancements in such as next-generation sequencing (NGS), genotyping, and gene editing techniques. These technologies facilitate professionals to analyze genetic composition of crops, livestock, and microorganisms more accurately and proficiently. It is assisting development of better farming products and methods.

• According to the Ministry of Statistics and Program Implementation (MoSPI), the percentage of agrigenomics technologies is 20% in Indian agronomic practices in 2023.

Furthermore, the rising initiative for sustainable farming is propelling market growth. A remarkable shift toward sustainable farming practices that influence genomic insights to alleviate environmental impacts. Growing responsiveness among consumers and stakeholders about the consequence of sustainable cultivation, are enhancing a demand for ecological products and practices. There is a rising attention on regulatory frameworks that endorse the safe use of genetically modified crops while attending public concerns.

Agrigenomics Market Restraint

High Initial Costs and Stringency in Regulation Impede Market Growth

The off-putting factor for market growth is the high cost of genomic equipment. Genomic technologies, such as genotyping arrays and bioinformatics software are usually expensive. Hence, require huge initial investment. Small-scale agrarian organizations, breeding courses, and farmers often have a scarcity of financial resources. Thus, it discourages their ability to adopt the solutions and hampers market growth.

Furthermore, increasing regulatory stringency observed worldwide is hindering market growth. Regulatory bodies are implementing stricter rules and guidelines to ensure safety and ethical implications of genetically modified organisms (GMOs) and other applications in cultivation.

Agrigenomics Market Opportunity

Precision Agriculture and Biotechnological Innovations Create Opportunity for Market Growth

One of the significant opportunities for market growth is the increase in acceptance of precision agriculture practices. Precision bucolic practices include precision crop management, genomic-assisted breeding, and personalized animal nutrition. They are extensively adopted by farmers and breeders in modern-day farming. Genomic data and analysis tools offer professionals the ability to make data-driven decisions. They are optimizing crop yields, improving stock health, and boosting overall farm productivity.

• According to the French Ministry of Agriculture and Food, agri genomics innovation was increased by 5% annual growth in France in 2023.

Furthermore, potential for biotechnological improvement provides new avenues for market growth. Incorporation of artificial intelligence and big data analytics into research offer personalized solutions adapted to specific regional hurdles. This facilitates growth of crops with better nutritional profiles and improved resistance to diseases. Additionally, increasing collaborations between agrarian firms and academic institutions can drive R&D efforts. Through this tactics firms are paving the way for breakthroughs that benefit overall food systems.

Segmentation

Key Insights

The report covers the following key insights:

• Precision Agriculture and Biotechnological Innovations by Key Countries
• Adoption Technological Advancements and Sustainability by key Companies
• Drivers, Restraints, Trends, and Opportunities
• Business Strategies Adopted by Key Players
• Consolidated SWOT Analysis of Key Players
• Key Industry Developments (Mergers, Acquisitions, Partnerships)

Analysis by Type

Based on type, the agrigenomics market is divided into crops and livestock.

The crops segment is dominating, driven by its ability to speed up the procedure of harvest development by identifying genes associated with desirable traits. It increased yield, resistance to diseases, improved dietetic content, and lenience to unfavorable climatic conditions.

The livestock sector is expected to grow in the market due to increased efficiency and improved economic returns for farmers. It boosts the traditional breeding process and enables development of improved product varieties in a more time-efficient manner.

Analysis by Sequencer

Based on sequencer, the agrigenomics market is divided into sanger sequencing, illumina Hi Seq Family, and pacBio sequencing.

The illumine Hi seq segment is leading in the market, caused by their use for whole-genome sequencing of mixed farming. This is used to understand how genes are expressed under different conditions

The PacBio sequencing is expected in the market due to its benefit for exactly quantifying and identifying alternatively spliced isoforms and understanding complexity of gene expression. It is essential in cultivation for ensuring genuineness and purity of seeds and plants in proliferation programs.

Regional Analysis

Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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North America is a dominating region in the market. This expansion is due to huge funding and providing facilities for agrarian biotechnology research. Rising recognition and incorporation of advanced agri-genomic techniques in farming practices are fueling market growth. Additionally, imposition of encouraging policies promoting agricultural novelty and GMOs are fostering market growth.

Europe is experiencing considerable growth in the market, caused by rising strong attention on farming exploration and sustainable practices. Growing focus on food quality and safety are raising the requirement for a solution that is propelling market growth. Additionally, establishment of stringent guidelines are facilitating enlargement and commercialization of products and are amplifying demand for solutions.

Asia Pacific is expected to be the fastest growing region in the market due to rising population and growing crop demand. Rapid technological advancement towards betterment of cultivation in developing countries is fostering market expansion. Intensifying government support and schemes and expenditure in R&D activities are bolstering market growth.

Key Players Covered

The report includes the profiles of the following key players:

• Agilent Technologies, Inc. (U.S.)
• Arbor Biosciences (U.S.)
• BGI (China)
• Biogenetic Services Inc. (U.S.)
• Eurofins Scientific SE (Luxembourg)
• Galseq Srl Via Italia (Italy)
• Illumina, Inc. (U.S.)
• LGC Limited (U.K.)
• Tecan Genomics Inc. (Switzerland)
• Thermo Fisher Scientific, Inc.

Key Industry Developments

• In September 2023, Corteva Agriscience announced its partnership with CRISPR Therapeutics. The intent of this collaboration is to exploit CRISPR gene-editing skills for developing crops with better resilience and nutritional values.
• In June 2023, Thermo Fisher Scientific declared an investment of USD 200 million for escalating its research facilities. The intention of this financial support is to hasten development of genomic solutions for farming.
• In March 2023, Illumina Inc. unveiled a new sequencing platform made to order for agronomics. The platform is created for enhancing speed and accuracy of mixed farming genome analysis.