Upcoming Growth Trends in the Agrigenomics Market
The agrigenomics market, which integrates genetics and genomics with agriculture, is rapidly expanding due to technological advancements and increasing applications in both crop and livestock production.
Agrigenomics Market Size and Agrigenomics Market Growth
- Current Value: As of 2021, the agrigenomics market was valued at around USD 3.3 billion.
- Future Projections: The agrigenomics market size is projected to reach USD 5.3 billion by 2026, at a CAGR of 9.7, highlighting its importance in the global agriculture industry.
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Key Technologies in Agrigenomics Industry
- Next-Generation Sequencing (NGS): Used extensively for its high throughput and accuracy in analyzing genetic material.
- CRISPR Gene Editing: Allows precise modification of genes to improve traits in crops and livestock, such as disease resistance and yield.
- Real-Time PCR (qPCR) and Microarrays: Essential for gene expression analysis and genotyping.
Agrigenomics Market Growth Drivers
- Technological Advancements: Enhancements in genomic technologies improve the efficiency and precision of breeding programs.
- Precision Agriculture: The adoption of precision farming techniques, which utilize genomic data to optimize crop management and livestock breeding, is on the rise.
- Food Security: The need to feed a growing global population drives demand for agrigenomics to increase food production sustainably.
- Rising demand for food: The global population is growing, and with it, the demand for food. This is putting pressure on farmers to produce more crops and livestock, which is driving the adoption of agrigenomics technologies.
- Focus on sustainability: Consumers are increasingly concerned about the sustainability of agricultural practices. Agrigenomics can help to develop crops that are more resistant to pests and diseases, require less water, and are more nutritious.
- Advancements in genomics technologies: The field of genomics is constantly evolving, with new technologies emerging all the time. These new technologies are making it faster, cheaper, and easier to analyze the genomes of plants and animals.
- Marker-assisted selection: This technique is becoming increasingly popular as a way to improve the efficiency of breeding programs. Marker-assisted selection allows breeders to identify plants or animals with desirable traits early on in the breeding process.
- Growth in specific regions: North America is currently the dominant market for agrigenomics, but Asia Pacific is expected to see the fastest growth in the coming years. This is due to a number of factors, including government support for agricultural research and development, and the growing demand for food in the region.
North America holds the largest agrigenomcis market share
North American agrigenomics leads the global market due to several factors. Strong research and development (R&D), continuous technological innovation, and a growing number of mergers and acquisitions in the region have fueled this dominance. The US, in particular, holds the largest market share within North America. This is driven by advancements in areas like DNA sequencing and molecular breeding techniques. These advancements have applications in various sectors including food and agriculture, animal health, and even public health.
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One notable aspect of North American agriculture is the high production of genetically modified (GM) crops like canola, corn, soybean, and sugar beet. However, there are concerns about potential cross-contamination between GMOs and non-GMO crops. This contamination could introduce new proteins, potentially causing allergic reactions in humans. To address this, regulations mandate safety testing on novel traits introduced through genetic modification. This includes GMO/trait purity tests conducted on samples. These developments, coupled with a strong emphasis on R&D in agricultural biotechnology, have significantly boosted the North American agrigenomics market.
- Thermo Fisher Scientific, Inc. (US)
- Agilent Technologies, Inc. (US)
- Illumina, Inc. (US)
- Eurofins Scientific SE (Luxembourg)
- LGC Limited (UK)
Agrigenomics: A Key to Food and Nutritional Security
The market’s expansion relies on extending its application scope beyond merely ensuring food and nutritional security. Genome analysis tools and techniques are vital for identifying food safety concerns, including spoilage, contamination, adulteration, and economic fraud. These tools also enhance traceability throughout the entire supply chain, from farm to fork.
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New Breeding Techniques (NBT), grounded in applied genetics, have transformed breeding strategies for both crops and livestock by offering unprecedented access to genomic data. Additionally, genomics has provided critical insights into the biological status of essential resources such as fisheries, crops, and livestock health, aiding in their sustainable management.
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