Agrigenomics Market by Sequencer Type (Sanger Sequencing, Illumina HiSeq Family, Pacbio, Solid), Objective (DNA Extraction & Purification, DNA/RNA Sequencing, Genotyping, Gene Expression Profiling, Market-Assisted Selection, GMO/Trait Purity Testing), Application (Crops, Livestock), & Region for 202

Agrigenomics Market Valuation – 2024-2031

The integration of Next-Generation Sequencing (NGS) with precision agriculture technologies is a key driver in the agrigenomics market. According to the analyst from Market Research, the agrigenomics market is estimated to reach a valuation of USD 7.93 Billion over the forecast subjugating around USD 3.92 Billion valued in 2024.

The growing desire for sustainable farming methods and increased crop yields are driving expansion in the agrigenomics market. It enables the market to grow at a CAGR of 9.21% from 2024 to 2031.

Agrigenomics MarketDefinition/ Overview

Agrigenomics, also referred to as agricultural genomics, is the study of crop and livestock genetics and how they affect agricultural productivity. This field makes use of cutting-edge genomic technology such as DNA sequencing and bioinformatics to uncover specific genes linked to desirable features including better yields, disease resistance, and improved nutritional content. Agrigenomics has a wide range of applications, including trait screening, marker-assisted selection, and plant and animal genetic enhancement. Researchers and breeders can use genomic information to improve the efficiency of breeding programs, generate climate-resilient types, and optimize livestock production.

What are the Factors that Surge the Demand for the Agrigenomics Market?

The increasing global population and changing eating preferences are pushing the demand for higher agricultural yields and quality. The Food and Agriculture Organization (FAO) of the United Nations estimates that worldwide food production must grow by 60% by 2050 to feed the anticipated world population of 9.3 billion. This increasing demand is driving the development of agrigenomics technology to create more productive and resilient crop types.

The rising prevalence of livestock diseases is boosting the demand for agrigenomics solutions in animal breeding and health management. According to the World Organisation for Animal Health (OIE), animal diseases account for at least 20% of global livestock production losses, amounting to more than 60 million tons of meat and 150 million tons of milk per year. This huge economic impact is driving the use of agrigenomic technologies for disease resistance breeding and early pathogen detection.

Furthermore, the agrigenomics market is benefiting from increased investment in agricultural biotechnology R&D. According to a report by the International Service for the Acquisition of Agri-biotech Applications (ISAAA), the global market value of biotech crops was USD 18.15 Billion in 2018 and is expected to rise to USD 37.46 Billion by 2027, expanding at an 8.3% CAGR. The significant increase in transgenic crop use is fueling demand for advanced agrigenomic technologies and services.

What Factors Hinder the Growth of the Agrigenomics Market?

The adoption of agrigenomics technology necessitates significant upfront investment in complex equipment, software, and qualified workers. These high expenditures are prohibitive for small-scale farmers and research institutes, especially in underdeveloped nations. Also, continuous expenses for maintenance, data storage, and analysis impede wider use, particularly in places with little financial resources.

Furthermore, many potential end users, particularly in developing nations, are unaware of the benefits and applications of agrigenomics technologies. Also, there is a shortage of skilled specialists who can properly use these new techniques and understand complex genetic data. This knowledge gap and paucity of expertise impede the widespread adoption of agrigenomic solutions, especially in areas where they have the greatest influence on agricultural productivity.

Category-Wise Acumens

How Do High-throughput Capabilities for Illumina HiSeq Family Contribute the Market Growth?

According to analysis, the Illumina HiSeq Family segment is estimated to hold the largest market share during the forecast period. Illumina HiSeq devices have remarkable high-throughput sequencing capabilities, allowing researchers to process enormous amounts of genomic data fast and efficiently. This function is critical in agrigenomics, where processing vast genetic information from several plant or animal specimens is frequently required. The capacity to generate large amounts of data in a single run saves time and money per sample.

The Illumina HiSeq Family is extremely versatile, with applications in agrigenomics ranging from whole-genome sequencing to transcriptomics and epigenetics. This adaptability enables researchers to use the same platform for a variety of investigations, from crop improvement to livestock breeding. These systems’ versatility makes them an excellent solution for a wide range of agrigenomic research needs.

Furthermore, Illumina has built a comprehensive ecosystem around its sequencing platforms, which includes powerful data analysis tools, huge genetic databases, and excellent technical support. This well-established infrastructure simplifies the adoption and integration of HiSeq systems into existing research workflows. The availability of standardized protocols and a diverse set of compatible reagents adds to the attraction of Illumina platforms in the agrigenomics market.

How DNA/RNA Sequencing Objective Propels the Growth of the Agrigenomics Market?

The DNA/RNA sequencing segment is estimated to dominate the agrigenomics market during the forecast period. Next-generation sequencing technologies have transformed DNA/RNA sequencing, making it faster, more precise, and cost-effective. These advancements have broadened its applications to agricultural and livestock breeding, pathogen detection, and trait identification. The continual improvement of sequencing technologies promotes growing usage across a wide range of agrigenomic applications, leading to market dominance.

The cost of DNA/RNA sequencing has dropped considerably in the last decade. This large cost drop has made sequencing more affordable for a wider number of academics, breeders, and agricultural organizations. As a result, sequencing is rapidly being used in numerous parts of agricultural research and development, driving market growth.

Furthermore, DNA/RNA sequencing has numerous uses in agrigenomics, including as whole genome sequencing, transcriptomics, and metagenomics. This adaptability enables researchers to get a thorough understanding of genetic features, gene expression patterns, and microbial populations in agricultural systems. Sequencing’s vast applicability across numerous research disciplines helps to justify its leading commercial position.

Gain Access to Agrigenomics Market Report Methodology

Country/Region-wise Acumens

How does Extensive Adoption of Genetically Modified Crops Influence the Market Growth in North America?

According to analyst, North America is estimated to dominate the agrigenomics market during the forecast period. North America, especially the United States, leads in the use of genetically modified (GM) crops, which drives demand for agrigenomic technologies. According to the United States Department of Agriculture (USDA), in 2021, GM crops accounted for 94% of all planted cotton acres, 94% of soybean acres, and 92% of corn acres in the United States. The widespread use of GM crops increases the demand for enhanced agrigenomic tools and services for crop improvement and trait selection.

Precision agriculture in North America is rapidly expanding, with a heavy reliance on agrigenomic technologies. According to a survey in Farm Journal’s AgPro magazine, the North American precision agriculture market was valued at USD 3.4 Billion in 2020 and is expected to reach USD 5.5 Billion by 2025, rising at a 10.5% CAGR. This tremendous growth is fueling demand for agrigenomic technologies to improve crop yields and resource management.

Furthermore, the North American livestock industry is rapidly using agrigenomic technologies to improve animal health and productivity. According to the US Department of Agriculture’s National Animal Health Monitoring System (NAHMS), 39.2% of dairy businesses used genetic testing for heifer selection in 2014, up from 8.3% in 2007. This expanding trend in genomic testing for livestock management is a crucial driver of the regional agrigenomics market.

What Factors Contribute to the Potential Opportunities in the Asia Pacific Region?

The Asia Pacific region is estimated to exhibit the highest growth within the agrigenomics market during the forecast period. The Asia Pacific region has a high burden of livestock diseases, which drives the need for agrigenomics solutions in animal breeding and health management. According to the Food and Agriculture Organization (FAO), Asia accounts for more than half of the global pig population and about 60% of poultry production, leaving it especially vulnerable to severe animal illnesses. For example, the African Swine Fever outbreak in 2018-2019 resulted in the slaughter of more than 5 million pigs across Asia. The rising disease prevalence is driving the application of agrigenomic technologies for disease resistance breeding and early pathogen detection.

Furthermore, the agrigenomics market in the Asia Pacific is benefiting from increased government expenditure in agricultural biotechnology research and development. The Asia-Pacific Association of Agricultural Research Institutions (APAARI) reported that public sector investment in agricultural research and development in Asia and the Pacific increased from USD 8.2 Billion in 2000 to USD 18.2 Billion in 2017, with China and India accounting for roughly 70% of the total investment. This significant increase in financing is accelerating the use and development of advanced agrigenomic technologies in the region.

Competitive Landscape

The agrigenomics market is highly competitive, with several prominent firms contending for market share. These businesses are concentrating on executing methods such as adopting new technology, developing innovative goods, and engaging in mergers, acquisitions, joint ventures, and partnerships to increase their market positions.

Some of the prominent players operating in the agrigenomics market include

• BASF SE
• Bayer AG
• Bio-Rad Laboratories, Inc.
• BMR Genomics Pvt. Ltd.
• Bruker Corporation
• Danaher Corporation
• DuPont Pioneer
• Forage Genetics, LLC
• Illumina, Inc.
• Keygene N.V.
• LGC Limited
• Merck KGaA
• Neogen Corporation
• Personalis, Inc.
• QIAGEN N.V.
• Rangeland Genomics, Inc.

Latest Developments

• In February 2023, Tecan partnered with Singular Genomics to use the MagicPrep NGS method to generate sequencing-ready libraries for the G4 platform. Tecan’s experience in laboratory automation, genomics, and bioinformatics will be combined with Singular Genomics’ quick, versatile, and highly accurate sequencing technology to improve lab efficiency.

Report Scope

Agrigenomics Market, By Category

Sequencer Type

• Sanger Sequencing
• Illumina HiSeq Family
• Pacbio Sequencers
• Solid Sequencer
• Others

Objective

• DNA Extraction & Purification
• DNA/RNA Sequencing
• Genotyping
• Gene Expression Profiling
• Marker-Assisted Selection
• GMO/Trait Purity Testing
• Others

Application

• Crops
• Livestock

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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