Global Agriculture Genomics Market Size, Share, Opportunities, And Trends By Product Type (Sequencers And Analyzers, Bioinformatics Solutions), By Application (Crop Improvement, Livestock Improvement), And By Geography - Forecasts From 2024 To 2029

Agriculture can also be called the science of farming, which includes the cultivation of soil for growing crops, harvesting grown crops, and the rearing of animals to provide food, wool, and other products, as effectively as possible. This has allowed humanity to strive for centuries and allowed human beings to grow at great heights as of today. In the current age of agriculture, the use of technology plays a major role in growth. Technology has allowed the automation of farming and genetic modification of crops that allowed to change the characteristics of crops. This allowed the reduction of risk factors like diseases and low yield rates. Agricultural Genomics is a type of agricultural science that allows the genetic modification of the crop using advanced technology to produce improved varieties of crops.

Introduction:

Agriculture Genomics, also known as agrigenomics, is a research methodology that allows for the research of the structure, function, evolution, mapping, and editing of genomes in crops. This allows for altering the genomes of the crops to create a better and improved version of the crop. This provides a variety of benefits such as increased yield, improved quality, increased resistance to diseases and natural causes such as heat, floods, droughts, and extreme cold, and an increase in nutrients provided by the crops. It can also help in combining traits of two different genes or gene signatures to improve crop breeding and generate hybrids that can provide the most desirable properties of both crops, which include high yield potential, larger seed, and many others. 

Market Drivers:

• Increasing growth of the global population: A major player in the agriculture genomics market growth is the increasing burden of food demand due to the rapid growth of the global population. As per the United Nations Population Fund, the world population is expected to grow to reach an estimated 10.4 billion by the 2080s. As the global population grows, the requirement for food becomes scarce, leading to an increase in food insecurity. As per the World Food Programme, an estimated 333 million people will face acute levels of food insecurity in 2023. To tackle this issue, the use of agricultural genomics will provide a variety of benefits, which include an increased yield of crop production, reduced cost, and increased resistance to damage from fungus, and other types of diseases. The increase in crop production through agricultural genomics will help in the increase in food production, which can help in reducing food shortage during the coming period. This will provide the necessary boost to the agricultural genomics market growth during the forecasted period of 2024-2029.

Key Players:

• Corteva Agriscience: An American multinational company and leader that is known for the development, manufacture, and production of agricultural chemicals and seeds that provide farmers with a wide range of high-quality products and services. Their product portfolio includes seed products such as Pioneer and Brevant, crop protection products, food and personal care, and many others.
• Thermo Fisher Scientific Inc.: An American company that is known for the supply and manufacture of analytical tools, life sciences solutions, laboratory, pharmaceutical, and biotechnology services.
• Illumina, Inc.: An American company that is known for the development, manufacturing, and marketing of biotechnology, which includes tools and systems that are used in analyzing genetic variation and function. Illumina contains a wide variety of products and solutions that help improve plant and animal selection, nutrition, and health through their genomic solutions.

 North America is expected to hold a significant market share The North American region is expected to hold the dominant position and growth in the agriculture genomics market during the forecasted period of 2024-2029. The factors that affect the market growth in this region are the presence of global players like Corteva Agriscience, and a wide range of adoptions of genetic engineering (GE) in agriculture. The United States is one of the major adopters of agricultural genomics. As per the U.S. Department of Agriculture, Agricultural genomics was introduced in 1996 and displayed rapid adoption in the years that followed with over 90% of US corn, upland cotton, and soybeans produced being genetically modified in 2023. They categorized the products based on the characteristics of crop genomics, which include herbicide tolerant (HT), insect resistant (Bt), and stacked varieties which are a combination of both HT and Bt traits. As per the data provided, the crops that were grown through genetically modified soybeans with HT traits displayed an application of 95% in 2023, along with other crops with traits displaying above 84% as well. This adoption can be due to an increase in the yield of production of these crops, as well as improved resistance to damage and natural causes, which decrease cost and increase productivity. Therefore, an increase in adoption and the presence of major players will propel the agriculture genomics market growth in the North American region during the forecasted period.

Market Developments:

• March 2023: PacBio and Corteva Agriscience announced the collaboration and development of new workflows that enable groundbreaking plant and microbial long-read sequencing on the Revio System. This allows for high throughput plant and microbial genome sequencing that can streamline DNA extraction through library preparation. This enables Corteva to sequence thousands of samples annually as part of their innovative seed and crop protection production and research programs. This collaboration has allowed PacBio to help Corteva in producing agriculture solutions that can offer healthier and more sustainable production of plants to farmers that can feed the world. The benefits that are acquired to include this development include cost-effectiveness, and ultra-high throughput long-read sequencing, which opens new possibilities for researching crop genetics and diversity.

Segmentation:

• By Product Type:
  • Sequencers and Analyzers
  • Bioinformatics Solutions
• By Application:
  • Crop Improvement
  • Livestock Improvement
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others