Global Agrigenomics market is expected to reach USD 6.97 billion by 2030, at a CAGR of 8% from 2021 to 2030. Advancements in genomic technologies, as well as numerous post-sequencing analysis techniques and government support in developed countries, are key factors. Furthermore, the exponential rise in population, demand for crops and livestock, government initiatives to support research, and improved crop yield will all contribute to the global agrigenomics market's growth in the coming years. The rapid expansion of the agrigenomics industry will be bolstered in the coming years by rising global food demand and population increase. Furthermore, the agrigenomics industry will rise due to the growing use of sequencing technology that allows for higher throughput and lower cost per sample.

Market Overview:

Agricultural genomics, also known as agrigenomics (the application of genomics in agriculture), has and will continue to boost sustainable productivity and provide solutions to the world's growing food problems. Farmers, breeders, and researchers may quickly find genetic markers associated to desired features using modern technology, informing cultivation and breeding decisions.The study of the genetic makeup of crops and livestock, as well as how genes influence the produce, is known as agrigenomics. Agriculture can benefit from genomics by increasing the sustainability and productivity of livestock and crop production. The agrigenomics industry is growing due to significant advancements in technology 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.Agricultural genomics research necessitates the collaboration of domestic and international scientists, as well as a smooth connection to the biotechnology industry's development, torealize agricultural genomics' full potential.

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Market Dynamics:

Drivers:

• Tools and techniques for advanced genome analysis

The global agrigenomics market is being driven by rapid advancements in the functional genomics sector, such as the adoption of massively parallel sequencing technology and the development of methodologies to efficiently analyze cellular behavior at the molecular level. In terms of crop selection speed, scope, and efficiency, molecular marker-assisted crop breeding outperforms traditional breeding methods. Advanced genome characterization tools have revealed that crops can have higher yield and qualitywhile using fewer herbicides, fertilizers, and water.

• Rising demand for DNA sequencing in livestock and crops

Crop genomics research has contributed significantly to the successful application of contemporary molecular biology approaches for species genetic improvement. The genomes of major crops like rice, wheat, corn, soybean, rape, cotton, vegetables, and other crops have been sequenced or resequenced due to advancement of sequencing technology. The cloning and regulation of genes for key agronomic properties has now been completed based on this foundation.

Restraints:

• Lackluster infrastructure support and sub-optimized multidisciplinary research approaches

In comparison to other fields such as human genetics, the adoption of automated methods in agrigenomics research has been relatively limited due to budgetary restrictions. As a result, while being aware of the advantages of automated systems, researchers in developing countries continue to choose manual approaches over automated ones. Similarly, it is difficult for academic research laboratories in emerging nations to invest in such systems. As a result, only developed countries can afford these high-cost automated systems, restricting the opportunity for continued market expansion in agrigenomics research automation.

Opportunities:

• Food safety & authenticity

The expansion of the application range beyond food and nutrition security is necessary for the agrigenomics market to grow. Food safety challenges such as adulterationand economic fraud, spoilage and contamination, as well as traceability across the entire supply chain from farm to fork, can all be addressed with genome analysis tools and techniques. New Breeding Techniques based on applied genetics have transformed crop and livestock breeding techniques by offering unprecedented access to genomic information. Information on the biological status of vital resources such as crops,fisheries, and cattle health has also been provided by genomics.

Challenges:

• Technological constraints

The agrigenomics sector's technology constraints are impeding its current full-fledged expansion and compromising its future growth trajectories. Overcoming species and genotype-dependent transformation, particularly in crops, hence widening the scope of targeted agricultural enhancements by genome editing and obtaining high-efficiency base replacement by changing the focus away from targeted mutagenesis are some of the hurdles. Plants' superior and desirable features are frequently influenced by genetic variants in single nucleotide polymorphisms. The main obstacle is quickly identifying and integrating all these features in elite varieties.

Segmentation Analysis:

The global agrigenomics market has been segmented based onapplication, sequencer type, objectives, and regions.

• The applicationsegment is divided intolivestock, crops.Over the forecast period, the crops application is predicted to have the largest market share. To gain a better knowledge of the genetic variation that determines phenotypic traits, genotyping and next-generation sequencing (NGS) techniques are rapidly being applied in research on a wide range of agricultural species. Also, the growing demand for higher output from farmers is fuelling the crop application segment growth.
• The sequencer typesegment is divided into sanger sequencing, PacBio sequencer, illuminaHiSeqfamily,SOLiDsequencer, other sequencer types. The illuminaHiSeq familysegment held the highest share of around 32.15% in 2020. It's an extremely powerful sequencing system that can handle a variety of tasks. Sanger sequencing was the second-most popular among service providers and research institutions in 2020, despite the presence of other next-generation sequencers, due to low machine costs. The Sanger technique uses a primer that binds to a denatured DNA molecule and starts the synthesis of a single-stranded polynucleotide using the denatured DNA as a template in the presence of a DNA polymerase enzyme. Targeting smaller genomic regions in a higher number of samples, sequencing of variable regions, and validating results from next-generation sequencing (NGS) studies are all examples of how Sanger DNA sequencing is used in research.
• The objectivessegment is divided into DNA extraction & purification, RNA & DNA sequencing, genotyping, gene expression profiling, marker-assisted selection, GMO/trait purity testing, other objectives.Over the forecast period, the market for market-assisted selection is predicted to be the largest. Market-assisted selection is gaining traction in North America, due to strong research backing and the presence of key technology suppliers.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North America region emerged as the largest market for the global agrigenomics market witha 34.7%share of the market revenue in 2020.

• In 2020, the agrigenomics market was dominated by North America because of significant technological advancements, a well-established health-care infrastructure, and a strong emphasis on research and development.
• In addition, the Asia Pacific region will have the fastest CAGR in the market. Rising demand for livestock and crops, as well as increased R&D spending in the field of agrigenomics, will have a beneficial impact on the region's agrigenomics market size.

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global Agrigenomics industry.

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 2020.

The Ion Torrent Genexus System, a new product from Thermo Fisher Scientific, was released in December 2019. It's the first fully integrated next-generation sequencing (NGS) platform with an automated specimen-to-report workflow that delivers results in one day at a decent cost.

List of Key Market Players:

• Eurofins Scientific
• Agilent Technologies, Inc.
• Thermo Fisher Scientific Inc.
• LGC Limited
• Illumina, Inc.
• Zoetis Inc.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm

Report Description:

• Global Agrigenomics Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
• 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2030 are the forecast years. The global agrigenomics market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global agrigenomicsmarket. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East &Africa. Furthermore, the regions are further analyzed at the country level.
• The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of agrigenomics based onapplication, sequencer type, objectives and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
• The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global agrigenomics market. This offers vital and in-depth insights to depict the overall market scenario.
• The report offers the detailed study for the company profiles of key organizations operating in the global agrigenomics market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
• The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
• Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
• Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global agrigenomics market) is covered to comprehend the adoption rate and evaluate the market size.