Agrigenomics Market by Application, Sequencer Type, Objectives and Region - Global Forecast to 2026 - ResearchAndMarkets.com

The "Global 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 to 2026" report has been added to ResearchAndMarkets.com's offering.

The global agrigenomics market is estimated to be USD 3.3 billion in 2021 and is projected to reach USD 5.3 billion by 2026, at a CAGR of 9.7% from 2021 to 2026.

The market for livestock is projected to grow at the highest CAGR between 2021 and 2026

The livestock segment is projected to gain further growth traction during the forecast period owing to rapid adoption and commercialization of the novel genotyping platforms and related techniques such as marker-based selection (MAS) and marker-based breeding (MAB) to identify complex inheritance traits.

The global demand for animal-based food products is expected to increase by 70% by 2050. The implementation of advanced genetic technologies in livestock production will ensure minimal environmental impact with optimized animal health & fertility.

A shift from traditional animal breeding to genomic selection is estimated with the introduction of genome analysis tools. The presence of next-generation sequencers has enabled researchers to quickly and effectively determine the single nucleotide polymorphisms associated with commercially important phenotypic traits and estimate the breeding value (EBV) at an earlier stage of young animals.

The Marker-assisted selection by objective is projected to grow at the highest CAGR between 2021 and 2026

The Marker-assisted selection is expected to grow at the highest rate during the forecast period as it is cheaper and faster than any conventional phenotypic assays, depending on the trait. Marker-assisted selection or marker-aided selection (MAS) is an indirect selection process where a trait of interest is selected based on a marker (morphological, biochemical, or DNA/RNA variation) linked to a trait of interest (e.g., productivity, disease resistance, abiotic stress tolerance, and quality), rather than on the trait itself.

This process has been extensively researched and proposed for plant and animal breeding. It uses conventional breeding approaches and does not involve transgenic approaches. Marker-assisted breeding uses DNA markers associated with desirable traits to select a plant or animal for inclusion in a breeding program early in its development. This approach dramatically reduces the time required to identify varieties or breeds which express the desired trait in a breeding program.

Illumina HiSeq Family by sequencer type is projected to grow at the highest CAGR between 2021 and 2026

The Illumina HiSeq Family held the largest share in 2020 and is also expected to grow at the highest rate as it is an efficient ultra-high-throughput sequencing system that supports the broadest range of applications and study sizes. Based on sequencer type, Illumina HiSeq Family led the agrigenomics market, exhibiting a significant share of in 2020, registering a value of USD 1,393.2 million. It is also the most widely utilized next-generation sequencing (NGS) technology owing to its high throughput and exceptional operational performance. It also exhibits greater sensitivity to detect low-frequency gene variants.

PacBio and solid sequencers are also expected to exhibit decent growth rates during the forecast period. Sequencing by ligation (SOLiD) utilizes DNA ligase, an enzyme widely used in biotechnology for its ability to ligate double-stranded DNA strands - owing to its two-base sequencing method, it is the most accurate and economical second-generation sequencing platform.

The agrigenomics market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period

The Asia Pacific region is projected to be the fastest-growing in the global agrigenomics market at a CAGR of 10.6%. The growth in the region is projected due to the progress in research and development activities in India, China, and Japan. The availability of high-quality reference genome sequences for a majority of crops has strengthened the foundation of functional genomics in the region.

Market Dynamics

Drivers

  • Advanced tools and techniques of genome analysis are at the forefront of the agrigenomics growth momentum
  • Robust growth in grants & funding initiatives propelling agrigenomics growth

Restraints

  • Sub-optimized multidisciplinary research approaches and lackluster infrastructure support
  • Public perceptions and regulatory barriers for genome editing in agriculture

Opportunities

  • Agrigenomics for food & nutritional security and food safety & authenticity
  • Rising opportunities for DNA sequencing in crops and livestock

Challenges

  • Technological constraints of applied genetics in agriculture

Companies Mentioned

  • Agilent Technologies, Inc.
  • ArrayGen Technologies Pvt. Ltd.
  • BGI Genomics
  • Biogenetic Services, Inc.
  • CD Genomics
  • Daicel Arbor Biosciences
  • Eurofins Scientific
  • GalSeq Srl
  • Genewiz
  • Genotypic Technology Pvt Ltd
  • IGA Technology Services
  • Illumina, Inc.
  • LC Sciences, Llc
  • LGC Limited
  • Neogen Corporation
  • Nucleome Informatics Pvt Ltd
  • Tecan Genomics, Inc
  • Thermo Fisher Scientific, Inc.
  • Tiangen Biotech (Beijing) Co., Ltd.
  • Zoetis

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