Global Agrigenomics Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (qPCR, Micro Array Technology, Next Gen Sequencing, Single Nucleotide Polymorphism, Others), By Service (Genotyping, Trait Purity Testing, Sequencing, Gene Expression Analysis, Others), By Crop (Pulses, Grains And Cereals, Fruits And Vegetables, Others), By Application (Crop, Livestock), And By Geography - Forecasts From 2023 To 2028

Agricultural genomics, also known as agrigenomics, is the application of genetics in agriculture to improve crop and animal productivity. Agrigenomics studies agricultural species using genotyping and next-generation sequencing technology to better understand the genetic diversity affecting phenotypes and to find the genetic markers associated with desirable qualities that may be used to guide breeding and culture decisions. For instance, using genomics technology to research the crops cultivated in arid regions of Asia and Sub-Saharan Africa may lead to discoveries that promote the development of new, more robust crops to feed the huge populations residing in these regions. Agrigenomics is also being used to precisely and accurately trace swine, cattle, poultry, and marine goods from the farm to the table in areas like food safety.

Agrigenomics will continue to increase sustainable crop production and bring solutions to the world's expanding food-supply concerns. With the help of modern technologies, farmers and breeders, can quickly locate the genetic markers associated with guiding cultivation and breeding decisions. Therefore growing population, rising food insecurity and lack of agricultural resources are some of the key factors driving the growth of the agricultural genomics market globally.

Moreover, rising technological progress such as the creation of cutting-edge gene editing tools and the application of blockchain technology for food traceability is also propelling the growth of the agrigenomics market during the analysis period. The market is also witnessing rising investment in biotech startups working in the field of agrigenomics which is contributing to the growth of the global market. For instance, in July 2022, Piatrika Biosystems, a company in agricultural genomics, announced on Thursday that it had received $1.2 million in initial investment, led by Ankur Capital. The business intends to use the additional funding to expand its product development team and launch its minimum viable product. In October 2022, agri genomics biotech firm Pleno got an investment of USD 40 million.

However, complex rules and regulations, high implementation costs along with lack of skilled manpower are expected to obstruct the growth of the global agrigenomics market during the analysis period.

During the anticipation period, the global market for Agri genomics will flourish due to rising food insecurity concerns and a lack of resources.

For thousands of years, agriculture has supported and improved human existence, but today's changing climate and rising population are driving demand for more efficient and sustainable farming. Innovative scientists and researchers are using cutting-edge genomics tools and methods to develop solutions as the world's food supply is threatened by a changing climate and a growing population. The global per capita cropland is anticipated to drop from 2,200 meters square in 2005 to 1800 meter square in 2030. The UN's most current projection puts the world's population at 9.7 billion by 2050. The demand for food globally is increasing as a result of this development and rising affluence in developing nations. According to FAO predictions, worldwide food consumption may rise by 70 percent by the year 2050. This shows that the expected increase in global agrifood consumption will outpace the increase in world population. In 2020, the number of malnourished individuals in the globe grew even more. Hunger will affect 720 to 811 million people worldwide in 2020 globally. Throughout 2019 and 2020, there was an increase in the prevalence of severe food insecurity, from 9.3 to 10.9 percent, and it reached 11.7 percent in 2021.

Therefore to enhance food quality, ensure food security, or improve productivity with environmentally sustainable practices farmers around the world are using precise, dependable, and high-quality genomic tools to address the productivity challenge faced by the global agriculture industry.

North America is anticipated to hold a significant amount of the global agrigenomics market share during the forecast period

North American region is anticipated to hold a significant amount of market share in agrigenomics and its products. This region will witness high growth during the forecast period owing rising adoption of technologically advanced genomics tools. Pesticide use has mostly been reduced because of the use of agrigenomics. The main drivers of the market growth are robust research & development operations, the development of new technologies, and rising merger and acquisition activity. The presence of key market players such as Thermo Fischer Scientific, Illumina Inc, and Zoetis Inc is also spurring growth in this segment. Rising food insecurity concerns are also propelling the demand for agrigenomics solutions in this region. For instance, according to USDA data,  8.6 million American adults lived in families with extremely poor food security, while 33.8 million individuals lived in food-insecure households. Prime markets in the North American region are the United States, Canada, and Mexico.

Market Key Developments

• In March 2023, Devyser, a global leader in diagnostic kits and solutions for advanced DNA testing, partnered with Paragon Genomics to distribute its CleanPlex products and technology in Italy with the option to expand into more countries. Devyser is a leader in advanced amplicon-based target enrichment solutions for next-generation sequencing and precision medicine.
• In February 2023, the first strawberry variety to be climate-resilient has just been released, by Singrow, an agri-genomics company located in Singapore that has created a unique genomics technology platform. The first use of this revolutionary technique is in the unique strawberry variety. In order to address global food security issues, particularly those in Asia and Africa that were impacted by climate change, the firm is actively creating additional crop sectors.
• In May 2022, InfiniSEEKTM, a ground-breaking, cost-efficient solution for whole genome sequencing and tailored SNP analysis from two reputable experts in genomics, was launched today by Gencove, the premier low-pass whole genome sequencing and analysis software firm, and NEOGEN® Corporation. The solution can give genomic insights to assist develop cattle breeding operations throughout the world by fusing Gencove's low-pass sequencing and analytics technology with NEOGEN's top-notch genomic products and services.

Segmentation:

• By Technology
  • qPCR
  • Micro Array technology
  • Next Gen Sequencing
  • Single Nucleotide Polymorphism
  • Others
• By Service
  • Genotyping
  • Trait purity Testing
  • Sequencing
  • Gene Expression Analysis
  • Others
• By Crop
  • Pulses
  • Grains and Cereals
  • Fruits and Vegetables
  • Others
• By Application
  • Crop
  • Livestock
• By Geography
  • North America
    • USA
    • Canada
    • Others
  • South America
    • Brazil
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Others
  • Middle East and Africa
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others