The newly Agrigenomics market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
Agrigenomics is defined as the study of the genetic makeup of crops and livestock and how genes influence the produce. Application of genomics in agriculture enables improvement in the sustainability and productivity in livestock and crop production.
On the basis of products, the various types include Sanger sequencer, Illumina HiSeq, PacBio sequencer, SOLiD sequencer, and Others. On the basis of application, the Agrigenomics market is segmented into Crops and Livestock.
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Market Insights
According to a new research study, the Agrigenomics market size is expected to reach USD 6,618 million by 2026 from USD 4,228 million in 2019, with a compound annual growth rate of 6.61% during the forecast period. The growth can be mainly attributed to advancements in genomic technologies with various post-sequencing analysis techniques. Owing to various factors such as the exponential increase in population, rise in demand for crop and livestock, and government initiatives to support research and enhance crop productivity the Agrigenomics market is amplifying significantly. Technological advances in sequencer systems, such as the development of high-throughput systems and the increase in automation promote the growth of the market. Yet, lack of professional researchers and the high cost of testing will impede the growth of the market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
North America held the largest market share of 37.95% in 2018 and is expected to remain dominant in the coming years. The growth can be attributed to an increase in the preference for improving crop yield, a rise in R&D activities in Agrigenomics, and government support to undertake advanced sequencing techniques in this region. Europe is the second largest market with a share of 31.62%. Asia-Pacific accounted for a market share of 26.35% in 2018 and is anticipated to witness significant growth in the forthcoming years. Government support for research and development in the field of Agrigenomics, decreasing prices of sequencing technologies, and significant technological innovations are factors contributing to the growth of the market in Asia-Pacific.
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Competitive Players
The Agrigenomics market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Thermo Fisher Scientific, Illumina, Agilent Technologies, Eurofins, and Zoetis. Other prominent vendors in the market are Lgc Limited, Bgi, Neogen Corporation, Pacific Biosciences, Cen4gen Institute, Nugen Technologies, Edico Genome, Ud-Genomed Limited, Scigenom, and others.
Target Audience for this Report
l Agrigenomics manufacturers
l Agrigenomics importers and exporters
l Agrigenomics traders, distributors, and suppliers
l Agrigenomics industry associations
l Product managers, Agrigenomics industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Government agencies and NGOs
l Universities, students, professors, and other academic organizations
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Agrigenomics Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Agrigenomics Market by Types
4 Segmentation of Agrigenomics Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Agrigenomics Market in Major Countries
7 North America Agrigenomics Landscape Analysis
8 Europe Agrigenomics Landscape Analysis
9 Asia Pacific Agrigenomics Landscape Analysis
10 Latin America, Middle East & Africa Agrigenomics Landscape Analysis
11 Major Players Profile
11.1 Thermo Fisher Scientific
11.1.1 Thermo Fisher Scientific Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Illumina
11.3 Agilent Technologies
11.4 Eurofins
11.5 Zoetis
11.6 Lgc Limited
11.7 Bgi
11.8 Neogen Corporation
11.9 Pacific Biosciences
11.10 Cen4gen Institute
11.11 Nugen Technologies
11.12 Edico Genome
11.13 Ud-Genomed Limited
11.14 Scigenom
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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