Agrigenomics Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4 Billion |
| Market Size (2029) | USD 6.20 Billion |
| CAGR (2024 - 2029) | 9.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Agrigenomics Market Analysis
The Agrigenomics Market size is estimated at USD 4 billion in 2024, and is expected to reach USD 6.20 billion by 2029, at a CAGR of 9.5% during the forecast period (2024-2029).
- Technological advancements, government investments, and a growing demand for food, coupled with diminishing land availability, are driving the agrigenomics sector. As the global population continues to rise, the challenge of feeding an estimated 9.8 billion people by 2050 becomes more pressing. The World Bank forecasts a reduction in per capita farmland to 1,800 m² by 2030. In light of this, scientists globally strive to balance crop diversity and quality, to boost yields to meet the surging food demand sustainably.
- Technological advancements, especially in next-generation sequencing, are transforming genome analysis, making it faster and more cost-efficient. Innovations like CRISPR-Cas9 provide precise genome editing tools for both plants and animals. For instance, in July 2024, scientists harnessed CRISPR to develop rice varieties resistant to blast disease, a major threat to rice production in Asia. CRISPR/Cas9 technology has made notable inroads in poultry, especially with chickens and quails, with chickens leading the way. Significant advancements include modifying the avian genome through germ cell lineages. This development empowers poultry breeders and producers to utilize CRISPR techniques, introducing essential genetic variations that may be absent in certain flocks.
- North America commands a substantial share of the agrigenomics market, largely due to its growing adoption. Agrigenomics not only bolsters crop resistance, potentially curtailing the reliance on harmful pesticides, but also aids in crafting superior crop varieties. With the momentum of pesticide bans, the demand for agrigenomics services is set to escalate.
- Key players in the market are bolstering agrigenomics research through grants and funding. For instance, Illumina Inc., a prominent name in agrigenomics and DNA/RNA extraction, showcases its commitment through the Agricultural Greater Good Initiative, which offers grants to researchers. Such endeavors not only promote research but also stimulate market expansion.
Agrigenomics Market Trends
Next Generation Sequencing Market is Growing
- Next-generation sequencing (NGS) is a revolutionary technology that rapidly decodes entire genomes, revealing the DNA blueprint of organisms. It has transformed the field of genetics, enabling researchers to identify disease-related genes, analyze genetic variations, and develop innovative tools for personalized and precision medicine. NGS outshines traditional methods with its speed, cost-efficiency, and versatility, marking a significant evolution in genomics.
- Industrialization and urbanization are shrinking arable land in numerous countries worldwide. For example, data from the World Bank highlights that China's arable land shrank from 109.0 million hectares in 2020 to 108.9 million hectares in 2021. Consequently, there's an urgent need to boost crop productivity to meet rising demands. This scenario underscores the relevance of NGS technology, which aids in cultivating healthier and more productive crops.
- Furthermore, projections from reputable agricultural research institutions, including the USDA, forecast a notable rise in the adoption of NGS technology for crop genomics and breeding programs in the near future. Additionally, akin to trends in other sectors, increased investments in genomics research and agriculture are poised to elevate the demand for NGS-based solutions. Noteworthy is the anticipated role of funding initiatives, particularly from government bodies like the USDA, in accelerating the development and adoption of NGS technologies in agriculture. For instance, in 2024, the National Institute of Food and Agriculture committed a significant USD 2.3 million to the Agriculture Genome to Phenome Initiative.
- The Agriculture Genome to Phenome Initiative (AG2PI), led by the National Institute of Food and Agriculture, is championing collaborative scientific efforts to enhance the understanding of genomes and phenomes, crucial to the United States agricultural domain. By bringing together researchers from both crop and animal sectors, the initiative aims to deepen insights into the interplay between genetic diversity, diverse weather conditions, and production systems, all of which are vital for growth and productivity.
North America Dominates the Market
- The North American agrigenomics market is steadily expanding, driven by the increasing adoption of high-yielding varieties. These varieties enhance resistance in the early growth stages and reduce reliance on harmful pesticides. Genotyping, a cornerstone of agrigenomics, provides breeders and researchers with cost-effective tools to identify markers associated with complex genetic traits.
- According to the United States Department of Agriculture (USDA), there's a notable uptick in the adoption of genetically engineered (GE) seed varieties across the nation. This trend is especially pronounced in crops such as corn, upland cotton, soybeans, canola, and sugar beets. For instance, herbicide-tolerant (HT) crops are engineered to endure specific broad-spectrum herbicides like glyphosate, glufosinate, and dicamba. On the other hand, insect-resistant crops utilize a gene from the soil bacterium Bacillus thuringiensis (Bt) to produce a protein that deters insects.
- In the United States, companies like Illumina, Inc. are harnessing their agrigenomics technologies to aid animal breeders and researchers in pinpointing desirable traits, subsequently boosting livestock health and productivity.
- While a range of genetically engineered (GE) traits have emerged ranging from resistance to viruses and fungi to improved protein, oil, or vitamin content, it's important to highlight that herbicide-tolerant (HT) and Bacillus thuringiensis (Bt) traits are the predominant forces in the North America crop production.
- The region's increasing embrace of agrigenomics is largely fueled by the need to minimize pesticide use. Significant R&D efforts, technological advancements, and a rise in merger and acquisition (M&A) activities are central to the nation's market expansion. A prime illustration is the 2022 partnership between American biotech firm PacBio and Corteva Agriscience, focusing on advancing high-throughput technologies for plant, pest, and microbial sequencing.
Agrigenomics Industry Overview
The agrigenomics market is consolidated. Eurofins Scientific Se, Thermo Fisher Scientific Inc., Illumina Inc, Zoetis Inc, and Tecan Genomics, Inc. are the prominent players in the market studied. New product launches, partnerships, and expansions are the major strategies the leading companies adopt. Along with innovations and expansions, investments in R&D and developing novel product portfolios will likely be crucial strategies in the coming years.
Agrigenomics Market Leaders
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Eurofins Scientific Se
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Thermo Fisher Scientific' Inc.
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Illumina' Inc
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Zoetis' Inc
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Tecan Genomics, Inc.
*Disclaimer: Major Players sorted in no particular order
Agrigenomics Market News
- April 2024: Eurofins Genomics AgriGenomics Europe and Gencove have joined forces to provide a comprehensive solution for low-pass whole-genome sequencing. This collaboration capitalizes on the sequencing expertise of both entities, aiming to expedite genotyping progress, particularly benefiting professionals in plant breeding, livestock selection, aquaculture, and the companion animal industry.
- February 2023: Tecan collaborated with Singular Genomics to use the turnkey MagicPrep NGS system to create sequencing-ready libraries for the G4 sequencing platform. The agreement will combine Tecan's expertise in laboratory automation, genomics, and bioinformatics with Singular Genomics' fast, flexible, and highly accurate sequencing technology to simplify life in the lab.
Agrigenomics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Food Demand and Shrinking Land
4.2.2 Technological Advancements
4.2.3 Increasing Government Initiatives
4.3 Market Restraints
4.3.1 High Research and Development Cost
4.3.2 Regulatory Challenges
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of Substitute Products
4.4.4 Threat of New Entrants
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Technology
5.1.1 Real-Time PCR (qPCR)
5.1.2 Microarrays
5.1.3 Next Generation Sequencing
5.1.4 Capillary Electrophoresis
5.1.5 Other Technologies
5.2 Application
5.2.1 Crops
5.2.2 Livestocks
5.3 Service Offerings
5.3.1 Genotyping
5.3.2 DNA Fingerprinting
5.3.3 Assessment of Genetic Purity
5.3.4 Trait Purity Assessment
5.3.5 Gene Expression Analysis
5.3.6 Other Service Offerings
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 South Africa
5.4.5.2 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 Eurofins Scientific Se
6.3.2 Thermo Fisher Scientific' Inc
6.3.3 Illumina' Inc.
6.3.4 Zoetis' Inc.
6.3.5 Neogen Corporation
6.3.6 Galseq Srl Via Italia
6.3.7 Agrigenomics' Inc.
6.3.8 Biogenetic Services' Inc.
6.3.9 Arbor Biosciences
6.3.10 Tecan Genomics, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Agrigenomics Industry Segmentation
Agrigenomics is the application of genomics and bioinformatics technologies to agriculture. It involves the use of high-throughput sequencing, gene editing, and other genetic techniques to study and improve agricultural crops, livestock, and other agricultural products. The agrigenomics market is segmented by technology (real-time PCR (qPCR), microarrays, next generation sequencing, capillary electrophoresis, and other technologies), application (crops and livestock), service offerings (genotyping, DNA fingerprinting, assessment of genetic purity, trait purity assessment, gene expression analysis, and other service offerings), and geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers the market size and forecasts in terms of value in USD for all the above segments.
| Technology | |
| Real-Time PCR (qPCR) | |
| Microarrays | |
| Next Generation Sequencing | |
| Capillary Electrophoresis | |
| Other Technologies |
| Application | |
| Crops | |
| Livestocks |
| Service Offerings | |
| Genotyping | |
| DNA Fingerprinting | |
| Assessment of Genetic Purity | |
| Trait Purity Assessment | |
| Gene Expression Analysis | |
| Other Service Offerings |
| Geography | ||||||||
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Agrigenomics Market Research FAQs
How big is the Agrigenomics Market?
The Agrigenomics Market size is expected to reach USD 4 billion in 2024 and grow at a CAGR of 9.5% to reach USD 6.20 billion by 2029.
What is the current Agrigenomics Market size?
In 2024, the Agrigenomics Market size is expected to reach USD 4 billion.
Who are the key players in Agrigenomics Market?
Eurofins Scientific Se, Thermo Fisher Scientific' Inc., Illumina' Inc, Zoetis' Inc and Tecan Genomics, Inc. are the major companies operating in the Agrigenomics Market.
Which is the fastest growing region in Agrigenomics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Agrigenomics Market?
In 2024, the North America accounts for the largest market share in Agrigenomics Market.
What years does this Agrigenomics Market cover, and what was the market size in 2023?
In 2023, the Agrigenomics Market size was estimated at USD 3.62 billion. The report covers the Agrigenomics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Agrigenomics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Agrigenomics Industry Report
Statistics for the 2024 Agrigenomics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Agrigenomics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Agri genomics Market Report Snapshots
