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The Agrigenomics Market grew from USD 13.76 billion in 2023 to USD 15.16 billion in 2024. It is expected to continue growing at a CAGR of 10.28%, reaching USD 27.31 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Agrigenomics, the application of genomics in agriculture, focuses on the genetic mapping of agricultural products to improve yield, disease resistance, and various other qualities. It is crucial for addressing food security and sustainability challenges, driven by the growing global population and the need for efficient resource use. Agrigenomics finds applications in crop improvement, livestock breeding, and food safety, with end-users ranging from governmental agricultural bodies to private biotech companies and academic researchers. Market growth is primarily fueled by technological advancements in sequencing technologies, such as next-generation sequencing (NGS), and bioinformatics tools, which enable faster and more cost-effective genomics analysis. Key growth influencers include rising demand for high-quality crops and livestock, increased adoption of precision agriculture methods, and supportive government policies promoting agricultural innovation. Emerging opportunities abound in the development of genetically modified crops that require fewer inputs and exhibit better adaptability to climate change. Further exploration into CRISPR and gene-editing technologies presents notable research and business growth potential. Conversely, limitations and challenges include ethical concerns and regulatory restrictions associated with genetically modified organisms (GMOs), alongside the high initial investment costs for technology adoption and development. Skills gaps in advanced genomic techniques also pose barriers. Companies aiming to capitalize on these opportunities should focus on strategic partnerships with research institutions for innovations, as well as engagement in public policy discourse to help shape favorable regulatory environments. The market is inherently dynamic, characterized by rapid technological progression and evolving regulatory landscapes, necessitating a continuous emphasis on innovation to maintain competitive advantage. To spur further growth, investment in R&D for developing cost-effective and cutting-edge genomic solutions, alongside fostering stakeholder collaboration, is recommended to navigate the complexities and maximize agrigenomics potential.
Understanding Market Dynamics in the Agrigenomics Market
The Agrigenomics Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Increasing need for food resources to feed global population
- Need for genomics to improve crop productivity and disease resistance
- Rise in funds toward research on agrigenomics and technologies and advancements single cell genome sequencing
- Market Restraints
- Limited adoption of automated instruments to support research
- Highly consolidated laboratory equipment space
- Market Opportunities
- Rising opportunities for DNA sequencing in crops and livestock
- Collaborative developments by academicians, government, and agriculture biologics
- Reduced entry barriers supporting entry of small vendors
- Market Challenges
- Hazardous effects of unmeasured and unethical research practices
Exploring Porter’s Five Forces for the Agrigenomics Market
Porter’s Five Forces framework further strengthens the insights of the Agrigenomics Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Agrigenomics Market
External macro-environmental factors deeply influence the performance of the Agrigenomics Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Agrigenomics Market
The Agrigenomics Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Agrigenomics Market
The Agrigenomics Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Agrigenomics Market
The Agrigenomics Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.Key Company Profiles
The report delves into recent significant developments in the Agrigenomics Market, highlighting leading vendors and their innovative profiles. These include Agilent Technologies' Inc., AgriGenome Labs Pvt. Ltd., ArrayGen Technologies Pvt. Ltd., Biogenetic Services Inc., cropSeq bioinformatics, Daicel Arbor Biosciences by Chiral Technologies, Inc., Eurofins Scientific SE, Galseq Srl Via Italia, IGA Technology Services, LGS Limited., llumina Inc., Neogen Corporation, Paragon Genomics, Inc., PerkinElmer Inc., Tecan Trading AG, Thermo Fisher Scientific' Inc., and Zoetis' Inc..Market Segmentation & Coverage
This research report categorizes the Agrigenomics Market to forecast the revenues and analyze trends in each of the following sub-markets:- Sequencer Type
- Illumina Hi Seq Family
- PacBio Sequencers
- Sanger Sequencing
- Solid Sequencers
- Function
- Next-Generation Genotyping
- Targeted Sequencing
- Whole-Genome Sequencing
- Application
- Crop
- Livestock
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Agrigenomics Market, by Sequencer Type
7. Agrigenomics Market, by Function
8. Agrigenomics Market, by Application
9. Americas Agrigenomics Market
10. Asia-Pacific Agrigenomics Market
11. Europe, Middle East & Africa Agrigenomics Market
12. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
The leading players in the Agrigenomics Market, which are profiled in this report, include:- Agilent Technologies' Inc.
- AgriGenome Labs Pvt. Ltd.
- ArrayGen Technologies Pvt. Ltd.
- Biogenetic Services Inc.
- cropSeq bioinformatics
- Daicel Arbor Biosciences by Chiral Technologies, Inc.
- Eurofins Scientific SE
- Galseq Srl Via Italia
- IGA Technology Services
- LGS Limited.
- llumina Inc.
- Neogen Corporation
- Paragon Genomics, Inc.
- PerkinElmer Inc.
- Tecan Trading AG
- Thermo Fisher Scientific' Inc.
- Zoetis' Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 193 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 15.16 Billion |
| Forecasted Market Value ( USD | $ 27.31 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
