What is Agrigenomics Market?
Innovations in genetics, bioinformatics, and biotechnology present breeders with powerful tools to advance agriculture. Genomic technologies have enabled the field of agrigenomics to revolutionize the breeding and management of crops and livestock. Agrigenomics is the investigation of the genetic makeup of crops and livestock which influence the product. . The utilization of genomics in farming aids in improving the supportability and efficiency of domesticated animals and yield creation. Critical improvements in innovation have prompted the change from single-quality sequencing to entire genome sequencing. It was first portrayed in 2001 and depends on building up a rearing condition utilizing a preparation populace with characterized traits.5 While raisers have utilized restricted arrangements of atomic markers for quite a long time, propels in genome-wide advancements have prompted a sensational expansion in the expansiveness and profundity of hereditary assets accessible for horticulture with the expansion in research on genome arrangement and quality, capacity has brought about the correct development of the agrigenomics market. Moreover Today, agrigenomics researchers have a wide variety of technologies at their disposal for collecting genetic information thus the use of agrigenomics is booming across the globe.
The market study is being classified by Type (Illumina HiSeq, Sanger Sequencer, PacBio Sequencer, SOLiD Sequencer and Others), by Application (Crops and Livestock) and major geographies with country level break-up.
Thermo Fisher Scientific, Inc. (United States), Agilent Technologies, Inc. (United States), Illumina, Inc. (United States), LGC Limited (United Kingdom), Eurofins USA (United States), Zoetis Services LLC. (United States), UD-GenoMed Limited (Hungary), SciGenom (United States) and NuGEN Technologies(United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Agrigenomics market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Agrigenomics market by Type, Application and Region.
On the basis of geography, the market of Agrigenomics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Demand for Improving crop yields and animal breeding to feeding the world
- With increasing demands for nutrition, the need to optimize agriculture is of fundamental importance is driving the demand for Agrigenomics
- Rise in Funds Toward Research in Agrigenomics Fuel the Adoption of Novel Technologies
Market Trend
- Growing Food Demand and Shrinking Land
Restraints
- Stumpy Adoption of Automated Instruments
Opportunities
- Growing Opportunities for DNA Sequencing in Crops and Livestock
Challenges
- Hazardous Effects of GMOs Limit Certain Research Practices
Key Target Audience
Technology providers, lab instrument & equipment manufacturers, Research institutions/agencies/laboratories, Biotechnological companies, Agrigenomics solution/service providers, Plant & livestock breeders and Government regulatory authorities and agricultural research organizations