Agrigenomics Market

Market Leader - Agrigenomics Market

The global agrigenomics market is expected to grow from USD 3.3 billion in 2021 to USD 5.3 billion by 2026, at a CAGR of 9.7% from 2021 to 2026. The growing demand for sustainable development in crop and livestock production has nudged policy-makers and feed and food authorities worldwide. Apart from the increased demand for food, the demand for sustainable alternatives for fossil-based fuels has shifted the demand toward agro-based products such as bioethanol and biodiesel. With the decreasing agricultural area for crop production, genomic technology is considered an essential tool to cater to the demand for food, feed, and fuel.

Key players in this market include Eurofins Scientific (Luxembourg), Agilent Technologies, Inc. (US), Thermo Fisher Scientific Inc. (US), LGC Limited (UK), Illumina, Inc. (US), Zoetis Inc. (US), and Neogen Corporation (US). Other players include Nucleome Informatics Pvt Ltd (China), IGA Technology Services (Italy), Integragen (France), and Pacific Biosciences of California, Inc. (US), Platform Genetics Inc. (US) and Sequentia Biotech SL (Spain), CD Genomics (US) and KeyGene (Netherlands), ArrayGen Technologies Pvt. Ltd. (India) and LC Sciences, LLC (US). These players have focused on strategies such as new service and product launches and collaborations to gain a larger market share in the agrigenomics market.

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Eurofins Scientific SE (Luxembourg)  is an international group of laboratories that provide testing and support services to the pharmaceutical, food, environmental & consumer products industries, and to governments. The company capitalizes on a portfolio of over 130,000 reliable analytical methods that allowed it to offer services that characterize the safety, identity, purity, composition, authenticity, and origin of products and biological substances.

With global operations, the company provides testing services such as food & feed testing, environment testing, genomic services, forensic services, agroscience services, consumer products testing, and human safety testing. With regard to genomic services, Eurofins Agrigenomics is a global network of genetic testing laboratories offering a variety of services for livestock and other animal industries with the goal of supporting their breeding strategies and projects. It has several locations dedicated to animal genetic testing. The company has been involved in the development of the latest and advanced technologies domestically or through acquisitions and in-licensing. It provides services to plant and livestock breeders based on custom DNA sequencing, next-generation sequencing, gene synthesis, and genotyping, among others. Eurofins Scientific operates through 170 locations in 32 countries.

Thermo Fisher Scientific, Inc. (US) was formed through the merger between Thermo Electron Corporation (US) and Fisher Scientific International, Inc. (US). It offers a complete and integrated portfolio of solutions and services for laboratory research and analysis, healthcare and clinical science, manufacturing, and other fields. The company targets four principal market segments: pharmaceutical & biotech, academic & government, diagnostics & healthcare, and industrial & applied. The company’s product segments include consumables, instruments, equipment & software, and services. The company operates in over 150 countries across North America, Europe, Asia, and Latin America.

Agilent Technologies, Inc. (US) was established in 1999 after demerging with Hewlett-Packard Company as part of a corporate rearrangement. It is engaged in the designing and manufacturing of electronic and bio-analytical instruments. The company operates through three business segments: life sciences and applied markets, diagnostics & genomics, and Agilent CrossLab. The life sciences & applied markets segment deals with Agilent’s analytical laboratory instrumentation and informatics, whereas Agilent CrossLab provides analytical laboratory services and consumables.

The third business segment, diagnostics & genomics, concentrates on three functional areas—pathology & companion diagnostics, genomic solutions (including arrays and NGS target enrichment), and nucleic acid solutions providing synthetic RNA for pharmaceuticals. The company has a global presence in the Americas, Europe, the Middle East, Asia, and Africa, and operates in more than 100 countries.

Related Reports:

Agrigenomics Market by Application ( Crops and Livestock), Sequencer Type (Sanger Sequencing, Illumina HiSeq Family, PacBio Sequencer, SOLiD Sequencer), Objectives, and Region(North America, Europe, APAC, South America,Row) - Forecast year 2026

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Report Code
AGI 4562
RI Published ON
6/11/2021
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