HOME Top Market Reports Agrigenomics Market by Application (Crops, and Livestock), Sequencer Type (Illumina HiSeq, PacBio, Sanger, SOLiD), Objective (Extraction, Sequencing, Genotyping, Gene Expression, MAS, GMO/Trait Purity), and Region - Global Forecast to 2021

Agrigenomics Market by Application (Crops, and Livestock), Sequencer Type (Illumina HiSeq, PacBio, Sanger, SOLiD), Objective (Extraction, Sequencing, Genotyping, Gene Expression, MAS, GMO/Trait Purity), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: September 2016
Report Code: AGI 4562

 

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The agrigenomics market is projected to reach USD 13.56 Billion by 2021, at a CAGR of 7.8% from 2016. The advancement in automated lab instruments is projected to influence the growth of the agrigenomics market.

The objectives of the study are as follows:

  • To define, segment, and project the agrigenomics market with respect to test objective, application, sequencer type used for test samples, and region
  • To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To identify and analyze the effect/impact of changes in regulations/legislations and safety aspects on the agrigenomics market
  • To strategically profile the key players and comprehensively analyze their core competencies
  • To analyze the opportunities in the agrigenomics market for stakeholders and provide a detailed insight about the competitive landscape for key market leaders

The years considered for the study are as follows:

  • Base year – 2015
  • Estimated year – 2016
  • Projected year – 2021
  • Forecast period – 2016 to 2021

The research methodology used to estimate and forecast the agrigenomics market begins with capturing data on key players, their revenues, and testing prices on different sequencing platforms through secondary sources such as National Institutes of Health (NIH), National Human Genome Research Institute (NGHRI), and Beijing Genomics Institute (BGI). The overall market size was arrived after validating with primary interviews and secondary research. Then, a top-down procedure was employed to estimate the sizes of other individual segments and subsegments from the total market, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

Agrigenomics Market

To know about the assumptions considered for the study, download the pdf brochure

The report studies about the interlinked supply chain operations between the upstream and downstream players. It has also covered upstream players such as technology providers and equipment & consumable manufacturers, such as Illumina Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Agilent Technologies Inc. (U.S.) due to their strong impact in the market growth of sequencing and genome analysis tools. The downstream players include agrigenomic service providers, biotechnology companies, and animal health companies such as LGC Limited (U.K.), Eurofins USA (U.S.), and Zoetis Services LLC. (U.S.).

Target Audience

The report is targeted toward the existing players in the industry, which include:

  • Technology providers, lab instrument & equipment manufacturers
  • Research institutions/agencies/laboratories
  • Biotechnological companies
  • Genetic solution/service providers
  • Plant & livestock breeders
  • Government regulatory authorities and agricultural research organizations

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

On the basis of Sequencer, the agrigenomics market has been segmented into:

  • Sanger sequencer
  • Illumina HiSeq
  • PacBio sequencer
  • SOLiD sequencer
  • Others (Roche GS FLX, Ion Torrent, Oxford Nanopore, and Danaher GeXP)

On the basis of Application, the agrigenomics market has been segmented into:

  • Crops
  • Livestock

On the basis of Objective, the agrigenomics market has been segmented into:

  • DNA extraction and purification
  • DNA/RNA sequencing
  • Genotyping
  • Gene expression profiling
  • Marker-assisted selection
  • GMO/Trait purity
  • Other objectives (hybrid purity testing, targeted resequencing, DNA parentage testing, QTL mapping, and genetic disease identification)

On the basis of Region, the agrigenomics market has been segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the rest of European agrigenomics market into Spain, Russia, Belgium, and Denmark
  • Further breakdown of the rest of Asia-Pacific agrigenomics market into Singapore, Malaysia, Philippines, and Thailand
  • Further breakdown of the RoW agrigenomics market into Argentina, UAE, Kuwait, and Iran

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primary Interviews
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                     2.2.2.1 Finite Land Resources Under Agricultural Cultivation
                     2.2.2.2 Strong Need to Reduce the Dependence on Agrochemicals
           2.2.3 Supply-Side Analysis
                     2.2.3.1 Declining Price Rates for Agrigenomics Testing Services
                     2.2.3.2 Growing Regulatory & Environmental Concerns
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions & Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Extensive Opportunities in Agrigenomics Market
    4.2 Agrigenomics Market' Key Research Objectives
    4.3 Illumina Hiseq: Trendsetter for Agrigenomic Technology
    4.4 Agrigenomics Market' By Country
    4.5 Life Cycle Analysis' By Region

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 Objective
           5.3.2 Application
           5.3.3 Sequencer Type
    5.4 Market Dynamics
           5.4.1 Drivers
                     5.4.1.1 Technological Advancements Ensure Strong Market Growth
                     5.4.1.2 Rise in Funds Toward Research in Agrigenomics Fuel the Adoption of Novel Technologies
           5.4.2 Restraints
                     5.4.2.1 Low Adoption of Automated Instruments
                                    5.4.2.1.1 Highly Consolidated Equipment Industry Reduces Innovative Research Approach in Agrigenomic Labs
           5.4.3 Opportunities
                     5.4.3.1 Research in the Field of Agrigenomics in Emerging Economies Provides Huge Scope for Market Development
                     5.4.3.2 Rising Opportunities for DNA Sequencing in Crops and Livestock
           5.4.4 Challenges
                     5.4.4.1 Hazardous Effects of GMOs Limit Certain Research Practices

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Agrigenomic Service Providers
           6.3.2 Government Regulatory Authorities
           6.3.3 End Users
           6.3.4 Key Influencers
    6.4 Porter’s Five Forces Analysis
           6.4.1 Intensity of Competitive Rivalry
           6.4.2 Threat of New Entrants
           6.4.3 Threat of Substitutes
           6.4.4 Bargaining Power of Suppliers
           6.4.5 Bargaining Power of Buyers
    6.5 Patents
    6.6 Regulatory Framework
           6.6.1 Introduction
                     6.6.1.1 International Organization for Standardization (ISO)
                     6.6.1.2 World Organization for Animal Health (OIE)
           6.6.2 North America
                     6.6.2.1 U.S.
                                  6.6.2.1.1 U.S. Regulations on Genetically Modified Crops
                     6.6.2.2 Canada
                     6.6.2.3 Mexico
           6.6.3 Europe
                     6.6.3.1 Eu Legislation on Agricultural Product Quality
                     6.6.3.2 GMO Legislation
                     6.6.3.3 Regulation on Livestock (Agriculture and Rural Development Under European Commission)
                     6.6.3.4 Breeding
                     6.6.3.5 Germany
                     6.6.3.6 U.K.
           6.6.4 Asia-Pacific
                     6.6.4.1 China
                     6.6.4.2 India
                                 6.6.4.2.1 Department of Animal Husbandry' Dairying & Fisheries (Dadf)
                                 6.6.4.2.2 Department of BIoTechnology
                     6.6.4.3 Japan

7 Agrigenomics Market' By Application (Page No. - 63)
    7.1 Introduction
    7.2 Crops
    7.3 Livestock

8 Agrigenomics Market' By Objective (Page No. - 69)
    8.1 Introduction
    8.2 DNA Extraction & Purification
    8.3 DNA/RNA Sequencing
    8.4 Genotyping
    8.5 Gene Expression Profiling
    8.6 Marker-Assisted Selection
    8.7 GMO/Trait Purity Testing
    8.8 Other Objectives

9 Agrigenomics Market' By Sequencer Type (Page No. - 80)
    9.1 Introduction
    9.2 Sanger Sequencing
    9.3 Illumina Hi Seq Family
    9.4 Pacbio Sequencers
    9.5 Solid Sequencers
    9.6 Other Sequencer Types

10 Agrigenomics Market' By Region (Page No. - 88)
     10.1 Introduction
     10.2 North America
               10.2.1 U.S.
               10.2.2 Canada
               10.2.3 Mexico
     10.3 Europe
               10.3.1 U.K.
               10.3.2 Germany
               10.3.3 France
               10.3.4 The Netherlands
               10.3.5 Rest of Europe
     10.4 Asia-Pacific
               10.4.1 Australia
               10.4.2 China
               10.4.3 Japan
               10.4.4 South Korea
               10.4.5 India
               10.4.6 Rest of Asia-Pacific
     10.5 Rest of the World (RoW)
               10.5.1 South Africa
               10.5.2 Saudi Arabia
               10.5.3 Israel
               10.5.4 Brazil
               10.5.5 Other Countries in RoW

11 Competitive Landscape (Page No. - 122)
     11.1 Overview
     11.2 Competitive Situation & Trends
     11.3 Acquisition
     11.4 New Product/Service/Technology Launch
     11.5 Joint Venture/Collaboration/Partnership
     11.6 Expansion

12 Company Profiles (Page No. - 127)
(Overview' Products & Services' Strategies & Insights' Developments and MnM View)*
     12.1 Introduction
     12.2 Eurofins Scientific Se (Luxembourg)
     12.3 Agilent Technologies' Inc. (U.S.)
     12.4 Thermo Fisher Scientific' Inc. (U.S.)
     12.5 LGS Limited. (U.K.)
     12.6 Illumina' Inc. (U.S.)
     12.7 Zoetis' Inc. (U.S.)
     12.8 Neogen Corporation (U.S.)
     12.9 Galseq Srl Via Italia (Italy)
     12.10 Agrigenomics' Inc. (U.S.)
     12.11 Biogenetic Services' Inc. (U.S.)

*Details on Overview' Products & Services' Strategies & Insights' Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 158)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT : Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports


List of Tables (77 Tables)

Table 1 List of Major Patents in Agrigenomics' 2012-2016
Table 2 Agrigenomics Market Size' By Application' 2014–2021 (USD Million)
Table 3 Crops: Agrigenomics Market' By Region' 2014–2021 (USD Million)
Table 4 Crops: Agrigenomics Market' By Sub Application' 2014–2021 (USD Million)
Table 5 Livestock: Agrigenomics Market' By Region' 2014 - 2021 (USD Million)
Table 6 Livestock: Agrigenomics Market' By Sub Application' 2014 - 2021 (USD Million)
Table 7 Agrigenomics Market Size' By Objective' 2014–2021 (USD Million)
Table 8 DNA Extraction & Purification Market Size' By Region' 2014–2021 (USD Million)
Table 9 DNA/RNA Sequencing Market Size' By Region' 2014–2021 (USD Million)
Table 10 Genotyping Market Size' By Region' 2014–2021 (USD Million)
Table 11 Gene Expression Profiling Market Size' By Region' 2014–2021 (USD Million)
Table 12 Marker-Assisted Selection Market Size' By Region' 2014–2021 (USD Million)
Table 13 GMO/Trait Purity Market Size' By Region' 2014–2021 (USD Million)
Table 14 Other Objectives Market Size' By Region' 2014–2021 (USD Million)
Table 15 Agrigenomics Market' By Sequencer Type' 2014–2021 (USD Million)
Table 16 Sanger Sequencing Market' By Region' 2014–2021 (USD Million)
Table 17 Illumina Hi Seq Family Market' By Region' 2014–2021 (USD Million)
Table 18 Pacbio Sequencers Market' By Region' 2014–2021 (USD Million)
Table 19 Solid Sequencers: Agrigenomics Market' By Region' 2014–2021 (USD Million)
Table 20 Other Sequencer Types Market' By Region' 2014–2021 (USD Million)
Table 21 Agrigenomics Market' By Region' 2014–2021 (USD Million)
Table 22 North America: Agrigenomics Market' By Country' 2014–2021 (USD Million)
Table 23 North America: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 24 North America: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 25 U.S.: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 26 U.S.: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 27 Canada: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 28 Canada: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 29 Mexico: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 30 Mexico: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 31 Europe: Agrigenomics Market' By Country' 2014–2021 (USD Million)
Table 32 Europe: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 33 Europe: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 34 U.K.: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 35 U.K.: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 36 Germany: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 37 Germany: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 38 France: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 39 France: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 40 The Netherlands: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 41 The Netherlands: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 42 Rest of Europe: Agrigenomics Market' By Application' 2014–2021 (USD Million)
Table 43 Rest of Europe: Agrigenomics Market' By Objective' 2014–2021 (USD Million)
Table 44 Asia-Pacific: Agrigenomics Market Size' By Country' 2014–2021 (USD Million)
Table 45 Asia-Pacific: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 46 Asia-Pacific: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 47 Australia: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 48 Australia: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 49 China: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 50 China: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 51 Japan: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 52 Japan: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 53 South Korea: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 54 South Korea: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 55 India: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 56 India: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 57 Rest of Asia-Pacific: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 58 Rest of Asia-Pacific: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 59 RoW: Agrigenomics Market Size' By Country' 2014–2021 (USD Million)
Table 60 RoW: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 61 RoW: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 62 South Africa: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 63 South Africa: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 64 Saudi Arabia: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 65 Saudi Arabia: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 66 Israel: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 67 Israel: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 68 Brazil: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 69 Brazil: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 70 Other Countries in RoW: Agrigenomics Market Size' By Application' 2014-2021 (USD Million)
Table 71 Other Countries in RoW: Agrigenomics Market Size' By Objective' 2014-2021 (USD Million)
Table 72 Acquisition' 2015–2016
Table 73 New Product/Service/Technology Launch' 2015–2016
Table 74 Joint Venture' Collaboration' and Partnership,2016
Table 75 Expansion' 2014–2016
Table 76 Eurofins Scientific Se: Services Offered
Table 77 Neogen Corporation: Services Offered
 
 
List of Figures (63 Figures)
 
Figure 1 Agrigenomics Market Segmentation
Figure 2 Research Design: Agrigenomics Market
Figure 3 Breakdown of Primary Interviews: By Company Type' Designation & Region
Figure 4 Global Area Under Agricultural Practice' 2010–2013 (Million Hectares)
Figure 5 Strong Decline in the Genomic Testing Costs' 2004–2014 (USD Thousand)
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Assumptions of the Study
Figure 10 Agrigenomics Market Snapshot' 2016 vs 2021 (USD Billion)
Figure 11 Strong Growth for Research in Agrigenomics for Livestock Development' 2016 vs 2021
Figure 12 North America Accounted for the Largest Share of Agrigenomic Research in 2015
Figure 13 A Prospective Market With Robust Growth Potential' 2016-2021
Figure 14 DNA Sequencing: A Trending Agrigenomics Service' 2014-2021
Figure 15 Strong Growth for Next-Generation Sequencers' 2015
Figure 16 China: Fastest Growing Market for Agrigenomic Services' 2016-2021
Figure 17 Agrigenomics Market Holds Strong Potential
Figure 18 Agrigenomics Market Evolution
Figure 19 Objective
Figure 20 Application
Figure 21 Sequencer Type
Figure 22 Market Dynamics: Agrigenomics Market
Figure 23 Sequencing Process: Essential Value Addition to Agrigenomic Services
Figure 24 Supply Chain Analysis: Agrigenomics Market
Figure 25 Porter’s Five Forces Analysis: Agrigenomics Market
Figure 26 Annual Count of Patents on Agrigenomics' 2012-2016
Figure 27 Agrigenomics Market Size' By Application' 2016 vs 2021
Figure 28 Crops: Agrigenomics Market' By Region' 2016 vs 2021
Figure 29 Livestock: Agrigenomics Market' By Region' 2016 vs 2021
Figure 30 Agrigenomics Market Size' By Objective' 2016 vs 2021
Figure 31 DNA Extraction & Purification Market Size' By Region' 2016 vs 2021
Figure 32 DNA/RNA Sequencing Market Size' By Region' 2016 vs 2021
Figure 33 Genotyping Market Size' By Region' 2016 vs 2021
Figure 34 Gene Expression Profiling Market Size' By Region' 2016 vs 2021
Figure 35 Marker-Assisted Selection Market Size' By Region' 2016 vs 2021
Figure 36 GMO/Trait Purity Market Size' By Region' 2016 vs 2021
Figure 37 Other Objectives Market Size' By Region' 2016 vs 2021
Figure 38 Agrigenomics Market' By Sequencer Type' 2016 vs 2021
Figure 39 Sanger Sequencing Market' By Region' 2016 vs 2021
Figure 40 Illumina Hi Seq Family Market' By Region' 2016 vs 2021
Figure 41 Pacbio Sequencers Market' By Region' 2016 vs 2021
Figure 42 Solid Sequencers Market' By Region' 2016 vs 2021
Figure 43 Other Sequencer Types Market' By Region' 2016 vs 2021
Figure 44 Agrigenomics Market: Geographic Snapshot' 2016-2021
Figure 45 North America: Agrigenomics Market Snapshot
Figure 46 Europe: Agrigenomics Market Snapshot
Figure 47 Asia-Pacific: Agrigenomics Market Snapshot
Figure 48 RoW: Agrigenomics Market Snapshot
Figure 49 Acquisitions & New Product/Service/Technology Launch: Leading Strategies of Key Companies' 2011–2016
Figure 50 Acquisition & New Product/Service/Technology Launch: the Key Strategies' 2011–2016
Figure 51 Geographical Revenue Mix of Key Market Players
Figure 52 Eurofins Scientific Se: Company Snapshot
Figure 53 Eurofins Scientific Se: SWOT Analysis
Figure 54 Agilent Technologies' Inc.: Company Snapshot
Figure 55 Agilent Technologies' Inc.: SWOT Analysis
Figure 56 Thermo Fisher Scientific' Inc.: Company Snapshot
Figure 57 Thermo Fisher Scientific' Inc.: SWOT Analysis
Figure 58 LGS Science Group Ltd.: Company Snapshot
Figure 59 LGS Limited: SWOT Analysis
Figure 60 Illumina' Inc.: Company Snapshot
Figure 61 Illumina' Inc.: SWOT Analysis
Figure 62 Zoetis' Inc.: Company Snapshot
Figure 63 Neogen Corporation: Company Snapshot 

The agrigenomics market is projected to grow at a CAGR of 7.8% from 2016 to reach USD 13.56 Billion by 2021. The market has been driven by advancements in genomic technologies with various post-sequencing analysis techniques and strong government support in the developed countries.

With many technologies at the disposal of agrigenomic researchers, genome sequencers are of immense value to make progress in carrying out further research objectives such as genotyping, parentage tests, and marker-assisted selection & breeding. In agricultural research, NGS (Next-generation Sequencing) technologies from Illumina, Inc. (U.S.) and Thermo Fisher Scientific, Inc. (U.S.) have been gaining strong demand to perform highly advanced agrigenomic research services to generate high data output and develop reliable analytical models.

The need for environment-friendly & innovative production methods, advent of agricultural modernization, and better crop value have made the agricultural community identify new avenues such as agrigenomic technology. Agrigenomics is an effective method to maintain agricultural sustainability without affecting the environmental ecosystem. Advanced genomic research on livestock such as dairy cattle and sheep has been gaining momentum in developed markets to prevent genetic and pathogenic diseases in animals.

Genome analytic tools such as marker-assisted selection are expected to be a major solution for breeding projects for crops and livestock owing to which the segment is projected to witness strong growth in the next five years. Cross-breeding using agrigenomic technology is projected to be an effective method with the ban of GM technology on various crops and livestock in most of the countries.

North American and European regions have been strong contenders in supporting research projects in agrigenomics. North America accounted for the largest market share in 2015, whereas the Asia-Pacific region is the fastest-growing market from 2016 to 2021. The North American region gained larger share due to the sophisticated technological research and development supported by the U.S. and Canadian government funds. Strong growth in the Asia-Pacific region has been attributed to the strong demand to improve crop and livestock productivity in China and Australia.

Agrigenomics Market

Shortage of funds and limited adoption of automated instruments due to high investment requirements for advanced technologies have been restraining the growth of the agrigenomics market. With increasing government support, these problems can be averted by agrigenomic service providers.

According to MarketsandMarkets, key players such as Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), and Illumina, Inc. (U.S.) have been strengthening their range of analytical technologies through acquisitions to streamline their supply chain for agrigenomics services. Acquisitions were considered to be the most profitable strategy among key players in the last 5 years and it is estimated to bring about market consolidation at the global level.

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