About Agricultural Genome
Agricultural genomics is the use of technology to analyses and classify plant genes in order to produce new, specific crop varieties. These new crops have the potential to help address a variety of food issues around the world, as well as improve the productivity and sustainability of many plant varieties and livestock productions. Genomic innovations have aided crop development by allowing for the selection of agriculturally desirable traits. These promising traits frequently include increased crop yield, stress tolerance, and pest resistance. Overall, the use of genomics can accelerate crop and livestock development with traits that increase sustainability or meet consumer demand.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Agricultural Genome market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo Fisher Scientific (United States), Illumina (United States), Agilent Technologies (United States), Eurofins (Luxembourg), Zoetis (United States), LGC Limited (United Kingdom), BGI Genomics (Denmark), Neogen Corporation (United States) and Pacific Biosciences (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Agricultural Genome market by , Application (Crops and Livestock) and Region.
On the basis of geography, the market of Agricultural Genome has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Types of genomics, the sub-segment i.e. Structural genomics will boost the Agricultural Genome market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Agriculture Consortia will boost the Agricultural Genome market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Innovations In Agriculture Sector and Increase In Preference For Organic Food Products Among Population Fuels The Growth Of Agricultural Genome Market
Market Growth Drivers:
Rising Spending In Agricultural Activities Will Boost Agricultural Genome Market and Surge In Demand For High Quality Vegetable, Fruits And Cereals Across The Global
Challenges:
Lack Of Agricultural Infrastructure Support and High Complexity Associated With Agricultural Genomics
Restraints:
Lack Of Knowledge About Agricultural Genome
Opportunities:
Increasing Enactment Of Favorable Government Incentives and Rise In Demand For Quality Of The Crops And Extension Of Agriculture Sector
Market Leaders and their expansionary development strategies
On 9 January 2020, NEOGEN Corporation announced that it has entered into a partnership with genetic testing company Gencove to develop NEOGEN’s next generation of animal genomic tests.
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.