According to the new market research report “Agrigenomics Market by Application (Crops and Livestock), Sequencer Type (Sanger Sequencing, Illumina HiSeq Family, PacBio Sequencer, SOLiD Sequencer), Objectives, and Region (North America, Europe, APAC, South America, Row) – Forecast year 2026“, published by MarketsandMarkets™, the global Agrigenomics Market is projected to grow from USD 3.3 billion in 2021 to USD 5.3 billion by 2026, at a CAGR of 9.7 % from 2021 to 2026. The growth of this market is projected to be driven by the increasing burden on current food production systems amidst the rapidly expanding global population, rise in the number of genetic diseases affecting plants animals, and technological advancements in the field of applied genetics. The global marketplace has witnessed a significant increase in crop genomic resources and advancements in genome analysis facilitating basic and translational agricultural research. This trend is expected to continue strongly throughout the forecast period.
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Global Agrigenomcis Market Dynamics
Drivers: Advanced Tools And Techniques Of Genome Analysis Are At The Forefront Of The Agrigenomics Growth Momentum
The global agrigenomics market is majorly fueled by rapid advances in the functional genomics sector with the adaptation of massively parallel sequencing technologies and the development of protocols to efficiently analyze cellular behavior at the molecular level. For applied genomics in agriculture, molecular marker-assisted crop breeding has proved effective over conventional breeding programs, with regard to the increasing scope, speed, and efficiency of crop selection. Advanced genome characterization techniques have shown increased quality and yield of crops at the same time requiring less fertilizers, pesticides, and water. For livestock, the novel technologies are known to greatly improvise the desirable traits, such as milk yield, meat quality, and reproductive life.
Restraints: Sub-Optimized Multidisciplinary Research Approaches And Lackluster Infrastructure Support
Due to budgetary constraints, the adoption of automated systems in agrigenomics research has been comparatively low, unlike other areas such as human genetics. Thus, in developing countries, researchers still prefer manual methods over automated ones, despite being aware of the benefits of using automated systems. Similarly, academic research laboratories in emerging economies find it difficult to invest in such systems. Hence, the penetration of these high-cost automated systems is restricted to developed countries, thus limiting the scope of further market growth in automation in agrigenomics research.
Opportunities: Agrigenomics For Food & Nutritional Security And Food Safety & Authenticity
The growth of the agrigenomics market hinges on broadening the application spectrum beyond food and nutritional security. Tools and techniques of genome analysis can also assist in detecting food safety issues such as spoilage & contamination, adulteration and economic fraud, as well as assisting traceability over the entire supply chain from farm to fork.
New Breeding Techniques (NBT) based on applied genetics have revolutionized breeding strategies for crops and livestock by providing unprecedented access to genomic information. Genomics has also successfully furnished information about the biological status of important resources such as fisheries, crops, and livestock health.
Challenges: Technological Constraints Of Applied Genetics In Agriculture
The technological impediments faced by the agrigenomics sector are challenging its current full-fledged growth and jeopardizing its future growth trajectories. Some of the challenges are to overcome species and genotype-dependent transformation, especially in the crops, thereby broadening the spectrum of targeted crop improvements via genome editing, achieving high-efficiency base replacement by shifting the focus away from targeted mutagenesis. Superior and desirable traits of plants are often governed by genetic variations in SNPs (single nucleotide polymorphisms). The main bottleneck is the identification and integration of all such traits in elite varieties at an expedited pace.
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North America is estimated to hold the largest market share during the forecast period
North America dominated the agrigenomics market due to the strong RD, technology innovation, and increased mergers and acquisitions in agrigenomics in the region. North America is the largest market for agrigenomics services and solutions globally; this is attributed to the numerous key technology providers, streamlined policy and regulatory framework, and effective research processes. The number of in-house testing laboratories in North America has also doubled since the 1990s, with the aim to develop more sustainable agricultural products (both crop- and livestock-related). The role of contract research organizations has also increased in North America, leading to the prospects of commercialization of agrigenomics testing services.
Key Players:
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the agrigenomics market. It consists of the profiles of leading companies such Eurofins Scientific (Luxembourg), Agilent Technologies, Inc. (US), Thermo Fisher Scientific Inc. (US), LGC Limited (UK), Illumina, Inc. (US), and Zoetis Inc. (US).
