Agrigenomics Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG1908 | Last Updated On: Jul 18 2022 | Available Formats

> Global Agrigenomics Market Expected to reach a high CAGR of 8% By 2029: DataM Intelligence.

Global Agrigenomics Market is segmented By Process (Microarray Analysis, Sequencing, Genotyping, Bioinformatics, Others), By End Users (Research Organizations, Farmers, Cell Manufacturers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The study of genetically modified plants and livestock and how genes affect production are classified as agrigenomics. The application of genomics in agriculture allows for improved sustainable livestock and agricultural output and productivity. The resolution of the next-generation sequence helps researchers examine the transmission patterns of infectious pathogens through time and so contributes to developing efficient medicine.

The global "agrigenomics market" is predicted to reach a high CAGR of 8% during the forecast period (2022-2029).

Market Dynamics

Rapid advancements in the functional genomics sector, such as the adoption of massively parallel sequencing technology and the creation of procedures to effectively evaluate cellular activity at the molecular level, are driving the global agrigenomics market. In terms of applied genomics in agriculture, molecular marker-assisted crop breeding has proven to be more effective than conventional breeding programs in terms of enhancing crop selection scope, speed, and efficiency. Advanced genomic characterization approaches have boosted crop quality and production while using fewer fertilizers, herbicides, and water. Soil scientists are utilizing next-generation sequencing for the development of complete characterization of soil microbial communities to allow better prediction of soil health. The increasing attack of pests on crops is becoming a big issue for farmers throughout the world. Pests cause an annual loss of 10-15% of crops globally. Also, the pests are developing which is making them harder to kill. Thus the need to strengthen the crops and increase their durability is a major driving force for the agrigenomics market.

Due to financial restrictions, the adoption of automated methods in agrigenomics research has been relatively limited, compared to other disciplines such as human genetics. Thus, while being aware of the benefits of utilising automated systems, researchers in underdeveloped nations continue to favour manual approaches over automated ones.

COVID-19 Impact:

The COVID-19 pandemic has created severe health, social and economic concerns. In the situation where the medical community focuses on the development of effective diagnostics and medical care, the agriculture and food manufacturing sectors are channeling their efforts towards restoring efficient food production and logistics and supply chain efficiency. In addition, as a result of the COVID-19 pandemic, seed producers, characteristics and genomics researchers work on developing capacity-building solutions in addition to commodities producers and suppliers.

Market Segmentation

The global agrigenomics market is segmented based on the process into microarray analysis, sequencing, genotyping, bioinformatics, and others.

Microarray analysis holds the most significant share in the global agrigenomic market. Microarray analysis is a technique that uses gene chips to bind and quantify hundreds of distinct mRNAs. Using such chips to measure mRNA levels in different tissues or in persons subjected to different treatments, tens or hundreds of particular genes that differ depending on the tissue or therapy may be discovered, assisting in a mechanistic explanation of the variances. They may be used to determine how possible pollutants affect the gene-expression patterns of resident species. In agriculture, this can be used to detect pathogens, new viruses which are affecting the plant. These methods could be the first step to creating new cures for many plant diseases.

Geographical Penetration:

By region, the global agrigenomics market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and America.

The North American agrigenomics market is growing steadily due to the rising acceptance of agrigenomics, which can minimize the use of hazardous pesticides by improving resistance capacity during the early stages. The adoption of agrigenomics is mostly linked to the reduction of pesticide use. The region's strong growth may be ascribed to substantial technical breakthroughs, well-established health care infrastructure, and an emphasis on research and development. Asia-pacific is growing at a higher pace due to high R&D and multiple initiatives by companies so that genetically modified crops could rise.

Competitive Landscape:

This market is predicted to foresee technological advancements in sequencing and gene mutations owing to ongoing research activities and it is expected to boost the growth of agronomics during the forecast period. Some of the key players in the global agrigenomics market include LC Sciences, LLC., AgriGenome Labs Pvt. Ltd, and ArrayGen Technologies Pvt. Ltd.

  • In March 2019, Spero ventures invested USD 3 million in Gencove, one of the leading players in the low-pass genome sequencing platform for the development of new applications for agricultural markets.
  • Thermo Fisher's recently released platform in November 2019 is the first fully integrated, next-generation sequencing technology with an automated sample-to-report workflow that provides findings cheaply in a single day.
  • LGC announced the expansion of their controlled bioanalytical LC-MS service in November 2020 with the installation of a high-resolution mass spectrometer, the SCIEX TripleTOF 6600 LC-MS/MS System.

ArrayGen Technologies:

Overview:

ArrayGen has great expertise in Genomics. As a result, they always improvise to enrich their experience of owning a better Genomics service. The company focuses on innovation in the style of Genomics and bringing novelty.

Product Portfolio:

  • Agilent Catalog MicroArrays
  • ArrayGen Genome Browser
  • BIOSCRIPTS
  • ArrayGen VarCaller

Key Developments:

  • In September 2020, Arraygen Technologies has successfully developed a GUI Tool for Genething.
  • In August 2020, Arraygen Technologies developed a new GUI tool called ArrayGen VarCaller.

Why Purchase the Report?

  • Visualize the composition of the global agrigenomics market in terms of various processes and end-users highlighting the key commercial assets and players.
  • Identify commercial opportunities in the global agrigenomics market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global agrigenomics market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market player

Target Audience:

  • Industry Investors/Investment Bankers
  • Emerging Companies
  • Research Laboratories
  • Manufacturers

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