The agrigenomics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Agrigenomics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The agrigenomics market size has grown rapidly in recent years. It will grow from <b>$3.89 billion in 2023 to $4.34 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. </b> The growth in the historic period can be attributed to increasing demand for sustainable agriculture, rising population and food demand, government initiatives and funding, growth in precision farming practices, collaborations and partnerships.
The agrigenomics market size is expected to see rapid growth in the next few years. It will grow to <b>$6.61 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. </b> The growth in the forecast period can be attributed to increasing climate change challenges, expanding applications of genomic data, growing adoption of big data analytics, global focus on sustainable agriculture, continued government support. Major trends in the forecast period include sustainable agricultural practices, development of new technologies, innovative technologies, government funding and investments.
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Scope Of Agrigenomics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Agrigenomics Market Overview
Market Drivers –
The exponential increase in the world population is significantly contributing to the growth of the agrigenomics market going forward. Expanding population is increasing the demand for more productive and more sustainable farming. Agrigenomics also aids in the production of more nutrient-dense meals and the growth of huge quantities of food in a small area which helps in sustaining the increasing population. For instance, in 2022, according to data from the United Nations, a US-based intergovernmental organization whose stated purposes are to maintain international peace and security, the global population is projected to grow to 8.5 billion in 2030 and to 9.7 billion in 2050. Therefore, an exponential increase in the world population will drive the agrigenomics market.
Market Trends –
Technological advancements are the key trend gaining popularity in the agrigenomics market. Major companies operating in the agrigenomics market are focusing on developing new technologies for improving genomic studies and enhancing the current platforms for agrigenomics. For instance, In May 2022, NEOGEN Corporation, a Switzerland-based food safety company, and Gencove, an Indian-based company that provides low-pass whole genome sequencing and analysis software company, launched InfiniSEEK. It is an innovative, less costly solution for whole genome sequencing and targeted SNP analysis. With the launch of this new solution customers now have a data-rich, economical way to classify cattle all across the world using genome-wide sequence data, specific genetic features, and parentage markers simultaneously.
The agrigenomics market covered in this report is segmented –
1) By Service Offerings: Genotyping, DNA Fingerprinting, Assessment of Genetic Purity, Trait Purity Assessment, Gene Expression Analysis, Other Service Offerings
2) By Technology: Real-Time PCR (qPCR), Microarrays, Next Generation Sequencing, Capillary Electrophoresis, Other Technologies
3) By Sequencer Type: Sanger Sequencing, Illumina Hi Seq Family, Pacbio Sequencers, Solid Sequencers, Other Sequencer Types
4) By Application: Crops, Livestocks
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Regional Insights –
North America was the largest region in the agrigenomics market share in 2023. The regions covered in the agrigenomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the agrigenomics market report are Agilent Technologies Inc., Agrigenomics Inc., Biogenetic Services Inc., Eurofins Scientific SE, Galseq Srl, Illumina Inc., LGS Limited, Neogen Corporation, Thermo Fisher Scientific Inc., Zoetis Inc., Pacific Biosciences f California Inc., NuGEN Technologies Ltd., UD-GenoMed Limited, Arbor Biosciences LLC, Tecan Genomics Inc., BGI Group, Bio-Rad Laboratories Inc., Charles River Laboratories International Inc., Danaher Corporation, DNA LandMarks Inc., Dovetail Genomics LLC, F. Hoffmann-La Roche AG, Fluidigm Corporation, Front Range Biosciences Inc., Genotypic Technology Pvt Ltd., GENEWIZ Inc., Inari Agriculture Inc., Intrexon Corporation, Kbiosystems Ltd., KeyGene NV, LC Sciences LLC, NRGene Ltd., Oxford Nanopore Technologies Ltd., Qiagen NV, Saphyrion Inc., SeqLL Inc., Zymo Research Corp.
Table of Contents
1. Executive Summary
2. Agrigenomics Market characterstics
3. Agrigenomics Market Trends And Strategies
4. Agrigenomics Market – Macro Economic Scenario
5. Global Agrigenomics Market Size And Growth
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31. Global Agrigenomics Market Competitive Benchmarking
32. Global Agrigenomics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Agrigenomics Market
34. Agrigenomics Market Future Outlook and Potential Analysis
35. Appendix
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