Report Feature
Agrigenomic Market Trends and Forecast
The future of the global agrigenomic market looks promising with opportunities in the crop and livestock markets. The global agrigenomic market is expected to reach an estimated $5.6 billion by 2028 with a CAGR of 8.2% from 2023 to 2028. The major drivers for this market are integration of agrigenomics into everyday agricultural practices, rise in funding for DNA/RNA sequencing projects, as well as continuous advancements in genomics and agricultural technology.
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Agrigenomic Market by Segment
The study includes trends and forecast for the global agrigenomic market by sequencer type, objective, application, and region, as follows:
Agrigenomic Market by Sequencer Type [Shipment Analysis by Value from 2017 to 2028]:
- Sanger Sequencing
- Illumina HSEQ Family
- Solid Sequencers
- Pacbio Sequencers
- Others
Agrigenomic Market by Objective [Shipment Analysis by Value from 2017 to 2028]:
- DNA Extraction & Purification
- DNA/RNA Sequencing
- Genotyping
- Gene Expression Profiling
- GMO/Trait Purity Testing
- Marker-Assisted Selection
- Others
Agrigenomic Market by Application [Shipment Analysis by Value from 2017 to 2028]:
- Crops
- Livestock
Agrigenomic Market by Region [Shipment Analysis by Value from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Agrigenomic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agrigenomic companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agrigenomic companies profiled in this report include:
- Illumina
- Affymetrix
- Genotypic Technology
- Thermo Fisher Scientific
- GalSeq SRL
- SciGenom Labs
- Edico Genome
- Agilent Technologies
- Eurofins Scientific
- Tecan Genomics
Agrigenomic Market Insights
- Lucintel forecasts that illumina HSEQ family will remain the largest segment over the forecast period because it is a highly capable sequencing platform, which enables researchers to do genetic study of livestock and crops and also helps them to create novel crop and livestock breeds that exhibits enhanced productivity, resistance to diseases, and greater environmental sustainability.
- Crops will remain the largest segment due to increasing adoption of genomic technologies by researchers to study the genetic composition of diverse crops, encompassing wheat, rice, corn, and soybeans, along with the utilization of CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) tools owing to their cost-efficiency and advanced capabilities, including multiplexing functionality.
- North America will remain the largest region over the forecast period because the U.S. market benefits from the involvement of major players in the sequencing arena, escalating investments in genome research and development, surge in healthcare infrastructure and expenditures, and continuous development of technological innovations in the region.
Features of the Agrigenomic Market
- Market Size Estimates: Agrigenomic market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Agrigenomic market size by various segments, such as by sequencer type, objective, application, and region
- Regional Analysis: Agrigenomic market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by sequencer type, objective, application, and regions for the agrigenomic market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the agrigenomic market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the agrigenomic market size?
Answer: The global agrigenomic market is expected to reach an estimated $5.6 billion by 2028.
Q2. What is the growth forecast for agrigenomic market?
Answer: The global agrigenomic market is expected to grow with a CAGR of 8.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the agrigenomic market?
Answer: The major drivers for this market are integration of agrigenomics into everyday agricultural practices, rise in funding for DNA/RNA sequencing projects, as well as continuous advancements in genomics and agricultural technology.
Q4. What are the major segments for agrigenomic market?
Answer: The future of the global agrigenomic market looks promising with opportunities in the crop and livestock markets.
Q5. Who are the key agrigenomic companies?
Answer: Some of the key agrigenomic companies are as follows:
Answer: The global agrigenomic market is expected to reach an estimated $5.6 billion by 2028.
Q2. What is the growth forecast for agrigenomic market?
Answer: The global agrigenomic market is expected to grow with a CAGR of 8.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the agrigenomic market?
Answer: The major drivers for this market are integration of agrigenomics into everyday agricultural practices, rise in funding for DNA/RNA sequencing projects, as well as continuous advancements in genomics and agricultural technology.
Q4. What are the major segments for agrigenomic market?
Answer: The future of the global agrigenomic market looks promising with opportunities in the crop and livestock markets.
Q5. Who are the key agrigenomic companies?
Answer: Some of the key agrigenomic companies are as follows:
- Illumina
- Affymetrix
- Genotypic Technology
- Thermo Fisher Scientific
- GalSeq SRL
- SciGenom Labs
- Edico Genome
- Agilent Technologies
- Eurofins Scientific
- Tecan Genomics
Q6. Which agrigenomic segment will be the largest in future?
Answer: Lucintel forecasts that illumina HSEQ family will remain the largest segment over the forecast period because it is a highly capable sequencing platform, which enables researchers to do genetic study of livestock and crops and also helps them to create novel crop and livestock breeds that exhibits enhanced productivity, resistance to diseases, and greater environmental sustainability.
Q7. In agrigenomic market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because the U.S. market benefits from the involvement of major players in the sequencing arena, escalating investments in genome research and development, surge in healthcare infrastructure and expenditures, and continuous development of technological innovations in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that illumina HSEQ family will remain the largest segment over the forecast period because it is a highly capable sequencing platform, which enables researchers to do genetic study of livestock and crops and also helps them to create novel crop and livestock breeds that exhibits enhanced productivity, resistance to diseases, and greater environmental sustainability.
Q7. In agrigenomic market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because the U.S. market benefits from the involvement of major players in the sequencing arena, escalating investments in genome research and development, surge in healthcare infrastructure and expenditures, and continuous development of technological innovations in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the global agrigenomic market by sequencer type (sanger sequencing, illumina HSEQ family, solid sequencers, pacbio sequencers, and others), objective (DNA extraction & purification, RNA/agrigenomics, genotyping, gene expression profiling, GMO/trait purity testing, marker-assisted selection, and others), application (crops and livestock), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last five years and what has its impact been on the industry? For any questions related to agrigenomic market or related to agrigenomic companies agrigenomic market size, agrigenomic market share, agrigenomic analysis , write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
