Global Agrigenomics Market Size, Share, and COVID-19 Impact Analysis, By Technology (Real-Time PCR (qPCR), Microarrays, Next Generation Sequencing, Capillary Electrophoresis, and Others), By Application (Crops and Livestock), By Service Offerings (Genotyping, DNA Fingerprinting, Assessment Of Genetic Purity, Trait Purity Assessment, Gene Expression Analysis, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS

The Agrigenomics Market is projected to grow from USD 3.3 billion in 2021 to USD 6.1 billion by 2030 at a CAGR of 9.7% during the forecast period. The study of the genetic makeup of crops and livestock, as well as how genes influence production, is known as agrigenomics. Agriculture can benefit from genomics by increasing the sustainability and productivity of livestock and crop production.

The agrigenomics market is growing due to significant technological advancements that have led to a switch from single-gene sequencing to whole-genome sequencing, as well as an increase in research on genome composition and gene function. The increased use of genome sequencing in livestock not only allows for the study of parent ancestry but also aids in the understanding of infectious organisms like bacteria and viruses that infest or reside on them. The high resolution of next-generation sequencing allows researchers to track the mutations in infectious agents through time, which aids in the understanding of disease transmission patterns and the creation of effective treatments. Furthermore, these investigations allow researchers to better control disease outbreaks in animals, resulting in increased output. These considerations are important market drivers for agrigenomics.

COVID-19 ANALYSIS

COVID-19 has created significant medical, societal, and economic issues. The agricultural and food processing industries are concentrating their efforts on restoring efficient food production, logistics, and supply chain efficiency, and creating buffer systems to absorb future supply-demand shocks, while the medical community is concentrating on developing effective diagnostic and medical treatment. In addition, trait developers, seed businesses, and genomics researchers and suppliers are attempting to discover capacity-building solutions in the aftermath of the COVID-19 epidemic. Agricultural genomics is progressing toward using gene-editing techniques to generate a variety of antibacterial, antifungal, and antiviral treatments.

LATEST TREND

Rising Opportunities for DNA Sequencing In Crops and Livestock

Crop genomics research has made a substantial contribution to the successful application of modern molecular biology methodologies to improve species genetics. Because of advances in sequencing technology, the genomes of major crops such as rice, corn, wheat, soybean, rape, vegetables, cotton, and other crops have been sequenced. On this foundation, the cloning and control of genes for critical agronomic features have now been achieved.

DRIVING FACTORS

Tools and Techniques for Advanced Genome Analysis

Rapid innovations in the functional genomics sector, such as the development of approaches and the adoption of massively parallel sequencing technology to efficiently evaluate cellular behavior at the molecular level, are driving the worldwide agrigenomics market. Molecular marker-assisted crop breeding beats traditional breeding methods in terms of crop selection speed, scope, and efficiency. Crops can have improved yield and quality while using fertilizers, fewer pesticides, and water, according to advanced genome characterization methods. This factor is anticipated to propel the global agrigenomics market during the forecast period.        

RESTRAINTS

Lack of Infrastructure Support Restraints Market Growth

Due to funding constraints, the adoption of automated approaches in agrigenomics research has been somewhat limited in comparison to other domains such as human genetics. As a result, while being aware of the benefits of automated systems, researchers in underdeveloped nations continue to prefer manual methods. Similarly, university research laboratories in developing countries find it difficult to invest in such systems. As a result, only rich countries can afford these high-cost automated systems, limiting the market for agrigenomics research automation to continue to grow.

SEGMENTATION

The Global Agrigenomics Market is segmented by Technology, Application, Service Offerings, and Region. Based on the Technology, the market is categorized into Real-Time PCR (qPCR), Microarrays, Next Generation Sequencing, Capillary Electrophoresis, and Others. Based on Application, the market is categorized into Crops and Livestock. Based on Service Offerings, the market is categorized into Genotyping, DNA Fingerprinting, Assessment Of Genetic Purity, Trait Purity Assessment, Gene Expression Analysis, and Others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.       

REGIONAL INSIGHTS

The Global Agrigenomics Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.         

North America holds the largest market share of agrigenomics due to the R&D, technological innovation, and growing mergers and acquisitions. Because of advances in sequencing and molecular breeding, which are employed in applications such as food and agriculture, animal health, and public health, the United States accounted for the greatest country-level share in 2020. Every year, North American countries generate a considerable amount of GM crops such as canola, corn, soybean, and beet.  

Asia-Pacific is the fastest expanding region in the agrigenomics industry due to the increasing government investment in genomics and crop export. In Japan, agrigenomics research is expanding as research organizations and industry participants collaborate to unravel complicated genetic patterns. 

KEY INDUSTRY PLAYERS

Agilent Technologies, Inc., LGC Limited, Thermo Fisher Scientific Inc., Illumina, Inc., Eurofins Genomics, and are significant competitors in this industry. Several of these businesses, like Thermo Fisher Scientific Inc. and Illumina, Inc. are both technological and network operators that have simplified their production in order to deliver agrigenomics solutions.  

 KEY INDUSTRY DEVELOPMENTS:

In November 2020, LGC announced the addition of a high-resolution mass spectrometer, the SCIEX TripleTOF 6600 LC-MS/MS System, to their regulated bioanalytical LC-MS service.

In November 2019, Thermo Fisher's newly introduced platform, which was released is the first fully integrated next-generation sequencing platform with an automated sample-to-report workflow that delivers results in a single day.

In January 2017, Illumina, Inc. released the NovaSeq S4 flow cell reagent kit and NovaSeq Xp workflow for their NovaSeq 6000 System. The NovaSeq platform's power and versatility are aided by flow cell innovation. The addition of this new flow cell and process to the platform expands its potential.

LIST OF KEY COMPANIES PROFILED:

• Agilent Technologies, Inc.
• LGC Limited
• Thermo Fisher Scientific Inc.
• Illumina, Inc.
• Eurofins Genomics 
• AgriGenome Labs Pvt. Ltd.
• ArrayGen Technologies Pvt. Ltd.
• LC Sciences

SEGMENTATION

By Technology

• Real-Time PCR (qPCR)
• Microarrays
• Next Generation Sequencing
• Capillary Electrophoresis
• Others

By Application

• Crops
• Livestock

By Service Offerings

• Genotyping
• DNA Fingerprinting
• Assessment Of Genetic Purity
• Trait Purity Assessment
• Gene Expression Analysis
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America 
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa