Agri Genomics Market

The global Agri Genomics Market is valued at USD 3.4 Billion in 2022 and is projected to reach a value of USD 6.7 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 10.30% between 2023 and 2030.

Premium Insights

According to food and agricultural organization, global population is estimated to reach 9.1 billion people by 2050, there is a need to increase overall food production by approximately 70 percent. As the global population continues to increase, the demand for food has reached unprecedented levels, placing significant strain on the agricultural sector. Additionally, the expansion of industrialization and urbanization has reduced the amount of available arable land in many regions around the world. Agri genomics plays a crucial role in developing high-yield crop varieties and sustainable solutions for livestock production. By doing so, it offers a vital opportunity to address these challenges and ensure food security in the midst of the mounting pressures caused by the global population growth.

• The Agri Genomics market is anticipated to be driven by the growing utilization of agri genomics in everyday agricultural practices, the augmentation of project grants for DNA/RNA sequencing, and advancements in genomics and agriculture technology.
• North America generated more than 43.50% of revenue share in 2022
• Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
• Illumina HI SEQ Family segment accounted for the largest market growth. It contributed over 35.5% of the total revenue share in 2022
• Crops segment revealed the most significant market growth, contributing more than 58.5% of the total revenue share in 2022
• Marker-Assisted Selection segment accounts for largest revenue of 24.5% in 2022

Economic Insights

The Agri Genomics has grown significantly. Agrigenomics technologies offer the potential to improve crop yields by 30%, reduce water and pesticide usage by 40%, and result in significant economic savings and conservation of resources. The vibrant economic activity extends to other sectors, as every dollar invested in agrigenomics research and development yields a 20% return on investment (ROI), promoting innovation, job opportunities, and sustainable agricultural practices worldwide.

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Top Market Trends

• Precision Agriculture Adoption: The popularity of precision agriculture practices is growing, with agri genomics serving as a vital resource for farmers seeking valuable information on how to best manage their crops, allocate resources, and control pests.
• Crop Improvement through Genomic Editing: The utilization of genomic editing methods, such as CRISPR-Cas9, are steadily rising in order to cultivate genetically modified crops with improved qualities, including resilience against drought and diseases, as well as enhanced nutritional profiles.
• Phenotyping Advancements: the progress made in phenotyping technologies allowed for improved and more precise data gathering on plant attributes, leading to a deeper comprehension of plant genetics and traits, thus enhancing overall plant understanding.
• Sustainable Agriculture: The creation of crops with lower environmental impact was being driven by an increase in environmental sustainability consciousness. By creating crops that needed less inputs like water and fertilizers, agri genomics was making a contribution.
• Crop Disease Management: Molecular diagnostic techniques for the early diagnosis and management of agricultural diseases is being developed using agri genomics, which reduced production losses and the demand for chemical treatments.

Market Segmentation

Agri Genomics The global Agri Genomics market can be categorized into Sequencer Type, Application, Objective, Region. The Agri Genomics market can be categorized into Sanger Sequencing, Illumina Hi Seq Family, Pacbio Sequencers, Solid Sequencers , Other Sequencer Types based on Sequencer Type. The Agri Genomics market can be categorized into Crops, Livestock based on Application. The Agri Genomics market can be categorized into DNA Extraction & Purification, DNA/RNA Sequencing, Genotyping, Gene Expression Profiling, Marker-Assisted Selection, GMO/Trait Purity Testing, Other Objectives based on Objective. The Agri Genomics market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Based on Sequencer Type

Illumina HI SEQ Family holds the largest share

The Agri Genomics market is dominated by the Illumina HiSeq Family because this sequencing system is its impressive flexibility, as it can be used for a wide range of applications. Illumina, being a well-established player in the industry, has built a strong reputation that further strengthens its position as a leader. Moreover, the company offers a comprehensive portfolio of sequencing products and services, making it a convenient one-stop solution for many agrigenomics researchers.

Based on Application

Crops will dominate the market during Forecast Period

The Agri Genomics market is anticipated to be dominated by the crops segment due to various factors including the rising global need for food to support a growing population, the necessity to cultivate crops that are more resistant to pests, diseases, and changing climate conditions, and the growing interest in creating unique crop varieties with improved nutritional qualities and other desirable traits.

Based on Objective

Marker-Assisted Selection will account for largest market share

In terms of objective, Marker-Assisted Selection are anticipated to hold the greatest market share for Agri Genomics market. MAS is a powerful tool for developing new crops and livestock with desirable traits, including higher yields, greater resistance to pests and diseases, and improved nutritional profiles. What sets MAS apart from traditional breeding methods is its efficiency and cost-effectiveness, which eliminates the need for lengthy variety development timelines.

Based on Region

North America will lead the market

The North American Agri Genomics market is steadily growing as farmers and researchers are increasingly using high-yielding varieties to reduce reliance on harmful pesticides. Genotyping in agrigenomics provides cost-effective tools to identify genetic markers associated with complex traits. The adoption of genetically engineered seed varieties, such as herbicide-tolerant and insect-resistant crops, is increasing in the region, according to the USDA. This shift is driven by the desire to reduce pesticide usage. The market growth in the region is also fueled by strong R&D, innovation, and merger and acquisition activities. The acceptance of genetically modified crops in the United States is driven by their perceived benefits, including higher yields, decreased pesticide usage, and improved crop quality.

Competitive Landscape

The Agri Genomics market is highly competitive, with established leaders like Illumina and Thermo Fisher Scientific facing strong competition from new entrants. These new players, such as BGI Group and Eurofins Scientific, are making their mark by utilizing advanced sequencing technologies and bioinformatics solutions. Additionally, numerous startups and research institutions are driving innovation in the market. The competition is driven by a common goal of using genomics to advance crop improvement, disease resistance, and sustainability in agriculture, which motivates companies to strive for technological excellence and stand out in the market.

The players in the global Agri Genomics market include Eurofins Scientific Se, Thermo Fisher Scientific' Inc, Illumina' Inc., Zoetis' Inc., Neogen Corporation, Galseq Srl Via Italia, Agrigenomics' Inc., Biogenetic Services' Inc., Arbor Biosciences, Tecan Genomics, Inc. among others.

Recent Market Developments

• February 2023: By partnering with Singular Genomics, Tecan utilized the complete MagicPrep NGS system to generate ready-to-sequence libraries for the G4 sequencing platform. This collaboration capitalizes on Tecan's proficiency in laboratory automation, genomics, and bioinformatics, while leveraging Singular Genomics' rapid, adaptable, and exceedingly precise sequencing technology. Ultimately, this alliance aims to streamline laboratory processes, making them more convenient.

Segmentation of the Global Agri Genomics Market