Global Agrigenomics Market

Report ID : 1230 | Published : 2022-06-02 | Pages: | Format: PDF/EXCEL

The market size of the Global Agrigenomics market in the year 2021 is valued at 4.05 Billion and is predicted to reach 8.83 Billion by the year 2030 at a 9.14% CAGR during the forecast period.

Agrigenomics refers to the use of genomics in agriculture, this is majorly used to improve crop health and yield a good harvest. The population of the world has experienced a major boom in the past few years and hence global food consumption has also increased substantially in order to meet this high demand, farmers are deploying various farming techniques and strategies to boost their production and maximize profits.

Agrigenomics minimizes the risk of harvest damage and improves the efficiency on an overall standard. Agrigenomics is also applicable for livestock and this can lead to better animal health subsequently resulting in a lower risk of genetic disease in animals. This helps in enhancing the overall output of animal livestock and gives their owners a better revenue generation potential.

However, different research approaches towards research and a lack of infrastructure to support agrigenomic practices are anticipated to hamper the global agrigenomics market growth over the forecast period. The COVID-19 pandemic resulted in a major drop in agrigenomic research activity and hampered growth but as the world is returned back to normal we are expected to see good growth in the overall agrigenomics market across the world.

The Agrigenomics market is categorized on the basis of sequencer types, objectives, and applications. Based on sequencer types, the market is segmented as Sanger sequencing, Illumina hi seq family, Pacbio sequencers, Solid sequencers, and Other sequencer types. By objectives, the market is segmented into DNA extraction & purification, DNA/RNA sequencing, Genotyping, Gene expression profiling, Marker-assisted selection, GMO/trait purity testing, and Other objectives. By application, the market is segmented into crops and livestock.

Based on application, the crop segment accounts for a major market share.

The crops segment accounts for a dominant market share and is projected to maintain this stance across the forecast period. Increasing use of genotyping and sequencing technologies to improve the quality of crops and influence genetic variations to get desired results and outcomes. Increasing the use of gene editing to grow plants irrespective of the season will also influence agrigenomics market potential in this segment.

Illumina hi seq family to see a bright outlook over the forecast period.

The Illumina hi seq family-based tests account for a major market share of the global agrigenomics market. The ability and flexibility of this series of tests to perform various applications is the major factor that is predicted to boost agrigenomics market growth via this segment through 2028. Whereas Sanger sequencing is expected to be the second most popular sequencing technique due to its increasing popularity and limited costs.

Regionally, the North America Agrigenomics market holds a dominant outlook.

Demand for agrigenomics is expected to be high in the North American region over the forecast period owing to the rapid adoption of novel technologies in this region and increasing focus on agricultural production improvement. Increasing investments in research and rising support from government initiatives are other factors that will favour the agrigenomics market potential across the forecast period. Increasing demand for foods is also predicted to positively influence agrigenomics market growth. By 2030, the United States and Canada are expected to be key markets in this area. Advancements in sequencing technologies in the food and beverage industry will also help market potential in the North American region.

Competitive Landscape

The key players in the Agrigenomics market have shifted their focus to bio-based components for product manufacturing and are initiating significant strategies, such as mergers, acquisitions, and joint ventures of major and domestic players, enhancing their product portfolio and expanding their global market presence. Some of the major key players in the Agrigenomics market are Eurofins Scientific (Luxembourg), Agilent Technologies, Inc. (US), Thermo Fisher Scientific Inc. (US), LGC Limited (UK), Illumina, Inc. (US), Zoetis Inc. (US)., Other Prominent Players.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Agrigenomics Market Snapshot

Chapter 4. Global Agrigenomics Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Sequencer Types Estimates & Trend Analysis

5.1. By Sequencer Types & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Sequencer Types:

5.2.1. Sanger sequencing

5.2.2. Illumina hi seq family

5.2.3. Pacbio sequencers

5.2.4. Solid sequencers

5.2.5. Other sequencer types

Chapter 6. Market Segmentation 2: By Applications Estimates & Trend Analysis

6.1. By Applications & Market Share, 2020& 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Applications:

6.2.1. Crops

6.2.2. Livestock

Chapter 7. Market Segmentation 3: By Objective Estimates & Trend Analysis

7.1. By Objective & Market Share, 2020& 2030

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Objective:

7.2.1. DNA extraction & purification

7.2.2. DNA/RNA sequencing

7.2.3. Genotyping

7.2.4. Gene expression profiling

7.2.5. Marker-assisted selection

7.2.6. GMO/trait purity testing

7.2.7. Other objectives

Chapter 8. Agrigenomics Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Agrigenomics Market revenue (US$ Million) estimates and forecasts By Sequencer Types, 2020-2030

8.1.2. North America Agrigenomics Market revenue (US$ Million) estimates and forecasts By Applications, 2020-2030

8.1.3. North America Agrigenomics Market revenue (US$ Million) estimates and forecasts by Objective, 2020-2030

8.1.4. North America Agrigenomics Market revenue (US$ Million) estimates and forecasts by country, 2020-2030

8.2. Europe

8.2.1. Europe Agrigenomics Market revenue (US$ Million) By Sequencer Types, 2020-2030

8.2.2. Europe Agrigenomics Market revenue (US$ Million) By Applications, 2020-2030

8.2.3. Europe Agrigenomics Market revenue (US$ Million) estimates and forecasts by Objective, 2020-2030

8.2.4. Europe Agrigenomics Market revenue (US$ Million) by country, 2020-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Agrigenomics Market revenue (US$ Million) By Sequencer Types, 2020-2030

8.3.2. Asia Pacific Agrigenomics Market revenue (US$ Million) By Applications, 2020-2030

8.3.3. Asia Pacific Agrigenomics Market revenue (US$ Million) estimates and forecasts by Objective, 2020-2030

8.3.4. Asia Pacific Agrigenomics Market revenue (US$ Million) by country, 2020-2030

8.4. Latin America

8.4.1. Latin America Agrigenomics Market revenue (US$ Million) By Sequencer Types, (US$ Million)

8.4.2. Latin America Agrigenomics Market revenue (US$ Million) By Applications, (US$ Million)

8.4.3. Latin America Agrigenomics Market revenue (US$ Million) estimates and forecasts by Objective, 2020-2030

8.4.4. Latin America Agrigenomics Market revenue (US$ Million) by country, (US$ Million) 2020-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Agrigenomics Market revenue (US$ Million) By Sequencer Types, (US$ Million)

8.5.2. Middle East & Africa Agrigenomics Market revenue (US$ Million) By Applications, (US$ Million)

8.5.3. Middle East & Africa Agrigenomics Market revenue (US$ Million) estimates and forecasts by Objective, 2020-2030

8.5.4. Middle East & Africa Agrigenomics Market revenue (US$ Million) by country, (US$ Million) 2020-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Eurofins Scientific (Luxembourg)

9.2.2. Agilent Technologies, Inc. (US)

9.2.3. Thermo Fisher Scientific Inc. (US)

9.2.4. LGC Limited (UK)

9.2.5. Illumina, Inc. (US)

9.2.6. Zoetis Inc. (US).

9.2.7. Other Prominent Players

 

Segmentation of Agrigenomics Market-

By Sequencer Types -

  • Sanger sequencing
  • Illumina hi seq family
  • Pacbio sequencers
  • Solid sequencers
  • Other sequencer types

By Application

  • Crops
  • Livestock

By Objective

  • DNA extraction & purification
  • DNA/RNA sequencing
  • Genotyping
  • Gene expression profiling
  • Marker-assisted selection
  • GMO/trait purity testing
  • Other objectives

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa

Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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