The Global Agrigenomics Market Will Grow at the Highest Pace owing to Rising Demand for High Yield and Disease-Resistant Crop Varieties

Global Agrigenomics Market 

The global agrigenomics market comprises products such as genome editing tools, microarrays, genotyping reagents and kits, and others used for DNA extraction and library preparation as well as services including DNA sequencing, genetic material supply, biomarker assisted selection, and RNAi gene silencing. The demand for agrigenomics products is expected to rise sharply owing to the need for developing high yield and disease-resistant crop varieties to ensure global food security. The increasing demand for food crops that can withstand adverse climatic conditions like drought and improve productivity using less agricultural inputs is driving the adoption of agrigenomics.

The Global Agrigenomics Market is estimated to be valued at US$ 7.67 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Global Agrigenomics are BGI, Illumina, Inc., Eurofins Scientific SE, LGC Limited, Arbor Biosciences, Biogenetic Services Inc. , Galseq Srl Via Italia, Thermo Fisher Scientific, Inc., Agilent Technologies Inc., and Tecan Genomics Inc. The key players are focusing on developing advanced tools for DNA sequencing, genotyping, gene expression, and bioinformatics solutions to analyze large datasets for agrigenomic applications.

The rising global population and decreasing arable land are fueling the demand for agrigenomic products and services worldwide. Global Agrigenomics Market Size  helps improve crop yields and stress tolerance, which will be critical to meet the growing demand for food. Research into gene mapping and sequencing is enabling the development of climate-resilient and high-yield crop varieties.

Technological advancements in DNA sequencing, genetic analysis, and molecular breeding are boosting the adoption of agrigenomics. Next-generation sequencing techniques, AI, IoT, and bioinformatics are allowing more accurate analysis of plant genomes. Additionally, cloud technologies are facilitating sharing of genetic data and results across geographies.

Market Trends

1. Growing investments in agrigenomic R&D: Governments and private players are investing heavily in agrigenomic research focused on genome sequencing, trait mapping, and targeted crop improvement. Many startups are also entering the space with molecular breeding innovations.

2. Increasing application of gene editing: CRISPR-Cas9 gene editing technology is being increasingly used to develop new crop varieties with desirable traits like herbicide resistance and higher nutrient content. It provides more precise genome modifications than traditional breeding methods.

Market Opportunities

1. Scope for agrigenomic solutions in developing countries: Many Asian and African countries offer growth opportunities as they look to boost farm productivity and tackle problems like post-harvest losses using genomics-based approaches.

2. Integration of multi-omics techniques: Combining agrigenomics with other omics fields like proteomics, metabolomics, and phenomics can provide deeper insights into plant traits and aid the development of climate-smart hybrid varieties.

Impact of COVID-19 on the global agrigenomics market

The coronavirus pandemic has impacted global trade and supply chains, and disrupted economic activities worldwide. Various restrictions imposed by governments to curb the spread of the virus led to slowdown in activities within the agricultural sector as well. This had a direct impact on the agrigenomics market, as production of key crops declined. Additionally, reduced capacities of agricultural labs and disrupted research & development activities hampered market growth during the initial months of the pandemic. However, with progress on vaccine development and nations easing lockdowns, the market is recovering gradually. Technological advancements to develop disease-resistant crop varieties also gained traction during the pandemic. With growing awareness about food security issues, investments in agtech and focus on sustainable agriculture is increasing. This presents lucrative opportunities for players in the agrigenomics market going forward. Additionally, rising demand for sequencing services and genomics tools from research institutes studying virus-plant interactions will further aid market expansion post-COVID.

In terms of geography, North America holds the largest share of the global agrigenomics market in terms of value. This can be attributed to the presence of key market players and established agricultural research institutes in the region. Additionally, growing adoption of technologies such as precision farming, genome editing, and bioinformatics for analyzing large crop and soil data sets have contributed to market growth in North America. Looking forward, Asia Pacific is expected to see the fastest growth during the forecast period, owing to rising population, increasing consumer demand, and government initiatives and policies supporting the adoption of advanced agricultural techniques in countries such as China and India.

Fastest growing region for the global agrigenomics market is Asia Pacific owing to large user base, emerging economies and favorable government policies backing adoption of agrobiotech. Specifically China and India are driving growth in this region. Factors such as increasing population, changes in dietary patterns and consumer demand for high-quality food crops, along with government funding; have spurred research & development activities in agrigenomics within Asia Pacific nations. Rising awareness about cropomics tools, high growth of biotech companies; and infrastructure developments are further expected to boost the agrigenomics market in Asia Pacific going forward.

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