What is the estimated growth of the Agrigenomics market?
The agrigenomics market has witnessed significant growth in recent years. The market size has escalated from $4.31 billion in 2024 to $4.81 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.6%. This growth is attributed to the increasing demand for sustainable agriculture, rising population and escalating food demand, government initiatives and funding, expansion in precision farming practices, and collaborations and partnerships. The agrigenomics market is expected to further flourish in the coming years, reaching a market size of $7.42 billion in 2029 with a CAGR of 11.4%. This growth is due to increasing climate change challenges, expanding applications of genomic data, growing adoption of big data analytics, and global focus on sustainable agriculture, along with continued government support.
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What is propelling the growth of the Agrigenomics market?
The exponential increase in the global population significantly contributes to the growth of the agrigenomics market. The expanding population demands more productive and sustainable farming. Agrigenomics assists in producing nutrient-dense food and growing large quantities in limited areas, necessary for sustaining the increasing population. For instance, the United Nations predicts the global population to reach 8.5 billion in 2030 and 9.7 billion in 2050, which supports the expected growth of the agrigenomics market.
Which segments shape the Agrigenomics market?
– By Service Offerings: Genotyping, DNA Fingerprinting, Assessment Of Genetic Purity, Trait Purity Assessment, Gene Expression Analysis, Other Service Offerings
– By Technology: Real-Time PCR (qPCR), Microarrays, Next Generation Sequencing, Capillary Electrophoresis, Other Technologies
– By Sequencer Type: Sanger Sequencing, Illumina Hi Seq Family, PacBio Sequencers, Solid Sequencers, Other Sequencer Types
– By Application: Crops, Livestock
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Who are the market leaders in the Agrigenomics industry?
Key participants in the agrigenomics market include Eurofins Scientific SE, Galseq Srl, Illumina Inc., LGS Limited, Neogen Corporation, Thermo Fisher Scientific Inc., Zoetis Inc., Pacific Biosciences of California Inc., NuGEN Technologies Ltd., UD-GenoMed Limited, Arbor Biosciences LLC, Tecan Genomics Inc., BGI Group, Bio-Rad Laboratories Inc., Charles River Laboratories International Inc., Danaher Corporation, DNA LandMarks Inc., Dovetail Genomics LLC, F. Hoffmann-La Roche AG, Fluidigm Corporation, Front Range Biosciences Inc., Genotypic Technology Pvt Ltd., GENEWIZ Inc., Inari Agriculture Inc., Intrexon Corporation, Kbiosystems Ltd., KeyGene NV, LC Sciences LLC, NRGene Ltd., Oxford Nanopore Technologies Ltd., Qiagen NV, Saphyrion Inc., SeqLL Inc., Zymo Research Corp.
What are the emerging trends in the Agrigenomics market?
Technological advancements are a major trend in the agrigenomics market. Key players are focusing on developing new technologies to enhance genomic studies and boost the current platforms for agrigenomics. For instance, in May 2022, NEOGEN Corporation, a Switzerland-based food safety company, and Gencove, an Indian-based company, launched InfiniSEEK. This innovative solution offers a data-rich, economical method to classify cattle globally using genome-wide sequence data and parentage markers.
What is the regional outlook of the Agrigenomics market?
North America held the largest share of the agrigenomics market in 2024. Other regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What is the Agrigenomics market about?
Agrigenomics is a field that combines agriculture and genomics, focusing on the study and application of genetic information in crops and livestock to enhance agricultural practices. Agrigenomics is used for improving crop yield, disease resistance, stress tolerance, and overall agricultural efficiency. The Agrigenomics Market research report from The Business Research Company offers a global market size, growth rate, regional shares, competitor analysis, detailed segments, and identification of trends and opportunities.
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