According to the Market Statsville Group (MSG), the Global Agriculture Genomics Market size was valued at USD 3502.4 million in 2023 and is expected to grow from USD 3807.11 million by 2024 to USD 8066.06 million by 2033, at a CAGR of 8.7% during the forecast period (2024 – 2033).
The agriculture genomics market is an emerging and growing market due to the increasing development in the field if genetics and its utilization in agriculture. Several markets can be identified in this particular market area, which aims at applying genomic tools and technologies to increase crop yield, disease and pest resistance as well as making crops more sustainable in their ability to coexist with the environment. This is because the demand for premium yields has increased exponentially, clients’ requirements to adjust crops to changing climate ethos, and increased acceptance of genomics in agro trade. Products like the NGS, the PCR, and the gene editing are central to this market. Higher research and development takes place along with government aid, which boosts up the growth rate. But areas of development are still faced with hurdles that include high costs, and stringent regulations. It serves all major areas of application, ranging from crop and livestock enhancement, and with the highest uptake in North America, Europe, and the Asia-Pacific region. Biotechnology partnerships between industry, academia, and agricultural firms are thus crucial in spurring innovation and extending the application of agricultural genomics worldwide.
The term agriculture genomics defines the use of features in genomic sciences that aim at increasing productivity and efficiency of agricultural activities. It encompasses gaining and controlling the qualities of plant and animal varieties for increased and enhanced qualities like production, disease tolerance and competitive ability against biotic stresses. Advanced technologies for gene sequencing, editing, and molecular markers are core competencies for developing and commercializing technologies that respond to global food demand and support sustainable agriculture.
The growing demand for high-quality crops and livestock is a primary and major driving factor for the agriculture genomics market, spurred on by population growth worldwide and the resultant need to address food security. Rising urbanization and preferences for better nutritional food demand better productivity in agriculture. Genomics solutions include the development of improved crop and animal varieties with increased yield, nutritional quality, and resistance to pests, diseases, and environmental stresses. The application of the techniques in gene editing and marker-assisted selection in breeding hastens the pace at which more efficient and sustainable agricultural outputs are achieved. The increasing awareness of food safety and traceability, along with the requirement for quality assurance in food production, therefore increases the role of genomics. Infusing genomic progress into agriculture will allow that sector to meet consumer expectations while finding solutions to issues such as limited arable land and climate change, aiding continuous market growth.
The major hurdle to the widespread application of agricultural genomics, especially among small-scale farmers, is the considerably high cost of genomic technologies. High-end tools like next-generation sequencing (NGS), polymerase chain reaction (PCR), and CRISPR-Cas9 gene editing require considerable investments in equipment and reagents and highly skilled personnel. In most cases, the cost of research and development and field implementation of genomic solutions would be too expensive to be feasible for resource-constrained settings. For these expenses, however, are a significant burden to small-scale farmers, who are the majority of the agriculture workforce worldwide. They cannot access the advantages of genomics. What makes it worse is there seems to be no affordable substitute and that the cost for maintaining and upgrading genomic infrastructure is costly, too. Such an economic barrier creates a divide in access to agricultural genomics, possibly confining its capability from reaching regional and interested stakeholders who do not have the resources. Addressing this challenge requires innovative cost-reduction strategies, subsidies, and broader access to financing options.
The study categorizes the Agriculture Genomics market based on Technology, Objective, Applications, End-Users Industries at the regional and global levels.
Based on the Technology, the market is divided into Next-Generation Sequencing, Polymerase Chain Reaction, Genotyping, Marker-Assisted Selection, Gene Editing, Others. Next-Generation Sequencing are the dominant segment of the Agriculture Genomics Market. This is so because of its ability to perform many functions, do them in a short span while producing extensive data. Next-generation sequencing not only allows for the sequencing of the entire genome within a short time or targeting any specific region of interest in crop and livestock species. This technology is widely embraced since it facilitates various uses including the following; determining single nucleotide polymorphisms, mapping of traits, and creation of ‘stress-tolerant’ or ‘high-yielding ‘types. The efficiency of analyzing a vast amount of genetic data at a low cost has made it a popular tool for genomics studies in agriculture making it a go-to software in agricultural research. In addition, the continued routine improvements in bioinformatics tools have greatly improved the ability to utilize NGS and genotype and analyze large and complicated population data sets. The technology is critically dependent on large expenditures on research and development, especially in North America and Europe where research endowment is well developed. These factors conjointly make NGS because of the dominant technology segment that is propelling change and development within the agriculture genomics market.
Based on the regions, the global market of Agriculture Genomics has been segmented across North America, Europe, the Middle East & Africa, South America, and Asia-Pacific. The North America dominates the Agriculture Genomics market. This is because it has well developed research facilities, has been investing in biotechnology, and has embraced new genomic procedures. The region has substantial base of all major stakeholders like Bio tech firms and genomic service providers that promote crop and livestock genomics. Finally, specific government policies and funding strengthen the base of research and development. The United States has many academic and industry partners, and many more collaboration in the field of agricultural research that makes it easier for genomics to be incorporated into agricultural production. Further, North America continue to adopt larger scale farming practices and promoting sustainable farming further gives rise to genomic needs for enhancing yield and production. The technological capability in sectors such as NGS and gene editing sustains a key growth item in the region. This places North America in an advantageous region, and many players have contributed to the growth of the agriculture genomics market at the global level.
The agriculture genomics market across the world has intense competition from key players in the market and include Illumina, Thermo Fisher Scientific, Agilent Technologies, and Eurofins Scientific. Business tries to strengthen its position through improving innovation, strategic partners, and extending product offering to meet unceasingly escalating consumer requirements. Local and new entrant firms contribute to the competitiveness by creating new solutions and disseminating innovations within a market, which is beneficial to the global market advancement.
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