Genomic Innovations Power Advancements in Global Agrigenomics Market
The agrigenomics market is expected to witness market growth at a rate of 7.85% in the forecast period of 2022 to 2029 and is expected to reach USD 24.69 billion by 2029.
"Executive Summary Agrigenomics Market :
The agrigenomics market is expected to witness market growth at a rate of 7.85% in the forecast period of 2022 to 2029 and is expected to reach USD 24.69 billion by 2029.
The data collected to structure a large scale Agrigenomics Market report is based on the data collection modules with large sample sizes. This market analysis report also includes CAGR value fluctuations with respect to rise or fall for the certain forecast period. The key highlights of this market report are key market dynamics, current market scenario and future prospects of the sector. Furthermore, emerging product trends, major drivers, challenges and opportunities in the market are recognized and analysed factually while generating this report. With the exploitation of well established tools and techniques in the winning Agrigenomics Market report, complex market insights are turned into simpler version.
Agrigenomics Market research report studies across-the-board evaluation of the market growth predictions and restrictions. The competitor strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This industry report comprises of a deep knowledge and information on what the market’s definition, classifications, applications, and engagements are and also explains the drivers and restraints of the market which is derived from SWOT analysis. Global market research analysis report serves a lot for business and bestows with solution for the toughest business questions. While formulating a reliable Agrigenomics Market report, research and analysis has been carried out with one step or the combination of several steps depending upon the business and client necessities.
Discover the latest trends, growth opportunities, and strategic insights in our comprehensive Agrigenomics Market report. Download Full Report: https://www.databridgemarketresearch.com/reports/global-agrigenomics-market
Agrigenomics Market Overview
**Segments**
- On the basis of application, the Global Agrigenomics market can be segmented into Crop and Livestock. The Crop segment can further be divided into Cereals & Grains, Fruits & Vegetables, and Others. The Livestock segment can be categorized into Poultry, Swine, and Others.
- Based on objective, the market can be segmented into DNA Extraction & Purification, Sequencing, Genotyping, Marker-Assisted Selection, and GMO/Trait Purity testing.
- By product and service, the market can be divided into DNA Extraction & Purification Kits, Sequencing Platforms & Instruments, Genotyping Assays and Reagents, and Bioinformatics Software.
**Market Players**
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- Agilent Technologies, Inc.
- Eurofins Scientific
- Zoetis
- NuGEN Technologies, Inc.
- NuGEN Technologies, Inc.
- LGC Limited
- BGI
- Neogen Corporation
The global Agrigenomics market is witnessing significant growth and is expected to continue expanding in the coming years. Factors such as the increasing global population, growing demand for food production, and advancements in genomics and biotechnology are driving the market growth. The market is segmented based on application, including Crop and Livestock, with further classifications in each segment. The Crop segment is divided into Cereals & Grains, Fruits & Vegetables, and others, while the Livestock segment encompasses Poultry, Swine, and others. In terms of objectives, the market is segmented into DNA Extraction & Purification, Sequencing, Genotyping, Marker-Assisted Selection, and GMO/Trait Purity testing. Additionally, the market can be categorized by product and service, including DNA Extraction & Purification Kits, Sequencing Platforms & Instruments, Genotyping Assays and Reagents, and Bioinformatics Software.
Key players in the global Agrigenomics market include Illumina, Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Eurofins Scientific, Zoetis, NuGEN Technologies, Inc., LGC Limited, BGI, and Neogen Corporation. These companies are heavily investing in research and development activities to introduce innovative products and services, thereby gaining a competitive edge in the market. Partnerships, collaborations, and mergers and acquisitions are some of the key strategies adopted by these players to expand their market presence and enhance their product portfolio. The increasing focus on sustainable agriculture practices and the rising adoption of precision farming technologies are also contributing to the growth of the Agrigenomics market.
The global Agrigenomics market is poised for significant growth as key players continue to invest in research and development to introduce innovative solutions to address the increasing demand for food production driven by the rising global population. Advancements in genomics and biotechnology have played a crucial role in revolutionizing the agricultural industry, enabling more efficient breeding programs, disease resistance monitoring, and crop improvement strategies. The integration of precision farming technologies and the adoption of sustainable agriculture practices are further propelling the market forward, emphasizing the importance of leveraging data-driven insights to optimize crop yields and enhance livestock productivity.
Innovations in DNA extraction & purification, sequencing, genotyping, marker-assisted selection, and GMO/trait purity testing are reshaping the agricultural landscape by providing farmers and breeders with valuable tools to make informed decisions regarding crop management and animal breeding. The market segmentation based on applications such as Crop (including Cereals & Grains, Fruits & Vegetables, and others) and Livestock (encompassing Poultry, Swine, and others) underscores the diverse range of solutions offered by Agrigenomics to address the specific needs of different agricultural sectors.
Key market players, including Illumina, Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Inc., and others, are strategically positioning themselves to capitalize on the growing opportunities within the Agrigenomics market. Collaborations, partnerships, and mergers and acquisitions are enabling these companies to expand their product portfolios, enhance their market presence, and cater to the evolving needs of farmers and breeders worldwide. Additionally, the rising emphasis on sustainable agriculture practices and the increasing awareness about the benefits of precision farming are driving the adoption of Agrigenomics solutions across the agricultural value chain.
As the global Agrigenomics market continues to evolve, the integration of cutting-edge technologies such as AI, machine learning, and blockchain is expected to further optimize agricultural processes, reduce production costs, and improve overall efficiency. With a strong focus on innovation, sustainability, and digital transformation, the Agrigenomics market is poised for continued growth, offering promising opportunities for stakeholders across the agricultural sector to harness the power of genomics and biotechnology to address the challenges of feeding a growing global population in a resource-constrained world.The global Agrigenomics market is experiencing remarkable growth propelled by several key factors driving demand and innovation within the agricultural industry. The increasing global population has created a pressing need for enhanced food production efficiency, prompting farmers and breeders to seek advanced solutions to optimize crop yields and livestock productivity. Advancements in genomics and biotechnology have revolutionized agricultural practices, offering valuable tools such as DNA extraction & purification, sequencing, genotyping, marker-assisted selection, and GMO/trait purity testing to enable data-driven decision-making in agriculture.
Market segmentation based on applications (Crop and Livestock) demonstrates the diverse range of solutions offered by Agrigenomics to cater to the specific requirements of different agricultural sectors. Within the Crop segment, divisions into Cereals & Grains, Fruits & Vegetables, and Others highlight the tailored approaches available for different crop types. Similarly, the Livestock segment categories encompass Poultry, Swine, and Others, showcasing the targeted solutions available for livestock management and breeding.
Key industry players like Illumina, Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Inc., and others are actively investing in research and development initiatives to drive innovation and introduce cutting-edge products and services to the market. Collaborations, partnerships, and mergers and acquisitions are common strategies employed by these companies to expand their market reach, enhance their product portfolios, and meet the evolving needs of the agricultural community.
The trend towards sustainable agriculture practices and the adoption of precision farming technologies are key drivers shaping the Agrigenomics market landscape. By leveraging data analytics and advanced technologies, farmers and breeders can make more informed decisions, leading to improved crop quality, disease resistance, and overall agricultural sustainability. The integration of AI, machine learning, and blockchain technologies is anticipated to further optimize agricultural processes, reduce production costs, and drive efficiency across the agricultural value chain.
In conclusion, the Agrigenomics market offers promising opportunities for stakeholders in the agricultural sector to harness the power of genomics and biotechnology to address the challenges of feeding a growing population within a resource-constrained world. Continued focus on innovation, sustainability, and digital transformation is expected to sustain the market's growth trajectory, offering prospects for continued advancement and adoption of advanced agricultural technologies.
The Agrigenomics Market is highly fragmented, featuring intense competition among both global and regional players striving for market share. To explore how global trends are shaping the future of the top 10 companies in the keyword market.
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The investment made in the study would provide you access to information such as:
- Agrigenomics Market [Global Agrigenomics Market – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major Agrigenomics Market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter's Five Forces, etc.
- Market Size)
- Market Size by application/industry verticals
- Market Projections/Forecast
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