Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.89 Billion | USD 11.18 Billion | 10.2% | 2024 |
The global agrigenomics market size was worth around USD 3.89 Billion in 2024 and is predicted to grow to around USD 11.18 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 10.2% between 2025 and 2034. The report analyzes the global agrigenomics market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the agrigenomics industry.
Agrigenomics is the study of the genetic structure of plants and explains as to how the genes contribute to crop yield. Furthermore, the launching of microarray and next-generation sequencing technologies are helping plant breeders and research institutes in assessing as well as predicting genetic merit in plants, helping breeders in making key decisions about selection as well as cross-breeding of plants to get more food yield of high quality. In addition to this, agrigenomics aims to provide a thorough understanding of crop yield optimization, pest control, disease resistance, plant evolution, phylogenetic relationships, and food and biofuel optimization to farmers and people associated with agricultural activities.
Surging use of agrigenomics in daily farming activities along with an increase in funding of DNA/RNA sequencing projects will drive the global agrigenomics market growth in the coming years. Technological breakthroughs in farming and genomics will steer the expansion of the market globally. Surge in the food intake with the surging population along with demand for upgraded technologies in farming to get more crop yield is predicted to enlarge the scope of the global market in the coming years.
An increase in the research activities pertaining to farming activities will spearhead the growth of the market across the globe. A prominent increase in the demand for food owing to the surging global population along with the availability of less arable land for cultivating crops will further boost the global market trends. Strategic partnerships have favorably leveraged the growth of the market across the globe and will continue to do so even in the foreseeable future. For instance, in the first half of 2024, Tecan Corporation entered into a strategic alliance with MagicPrep NGS system to develop new gene sequencing prototypes for its G4 sequencing tools.
Less use of automated systems in agrigenomics owing to low budget allocation can hinder the global agrigenomics industry expansion. High costs of automated technologies have impacted their use in agrigenomics across emerging economies, thereby curtailing the growth of the industry across the globe.
Growing demand for food safety along with increasing its nutritive value will open new avenues of growth for the global agrigenomics market in the coming years. Massive need for genomic information on livestock, fisheries, and crops will further spur the global market surge.
Technological restrictions implemented by various governments across the globe on the utilization of applied genomics in farming activities can further challenge the growth of the agrigenomics industry globally.
Report Attributes | Report Details |
---|---|
Report Name | Agrigenomics Market |
Market Size in 2024 | USD 3.89 Billion |
Market Forecast in 2034 | USD 11.18 Billion |
Growth Rate | CAGR of 10.2% |
Number of Pages | 220 |
Key Companies Covered | Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), Illumina, Inc. (US), Eurofins Scientific SE (Luxembourg), and LGC Limited (UK), and others. |
Segments Covered | By Sequencer Type, By Application, By Objective, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global agrigenomics market is sectored into sequencer type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.
In sequencer type terms, the global agrigenomics market is segregated into Sanger sequencing, SOLiD sequencer, Illumina HiSeq family, and PacBio sequencer segments. Furthermore, the Illumina HiSeq family segment, which gathered nearly three-fifths of the global market revenue share in 2022, is projected to register the highest CAGR in the upcoming years. The growth of the segment in the forecasting timespan can be owing to its ability to identify genetic mutations that have a huge influence on crop features such as enhanced crop quality, disease resistance, and improved output.
Based on the application, the global agrigenomics industry is sectored into crop and livestock segments. Moreover, the crops segment, which garnered a huge chunk of the global industry share in 2022, is projected to lead the global industry over the analysis timeline. The segmental expansion over the assessment period can be subject to a rise in the use of next-generation sequencing tools and genotyping for studying a slew of crop species along with gaining an understanding of their genetic makeup.
By Objective, the global agrigenomics market is split into Dna Extraction & Purification, Dna/Rna Sequencing, Genotyping, Gene Expression Profiling, Marker-Assisted Selection, Gmo/Trait Purity Testing, Other Objectives.
The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.
The agrigenomics market exhibits strong regional dynamics, with North America dominating due to advanced agricultural technologies, significant R&D investments, and widespread adoption of genomic tools in crop and livestock breeding. Europe follows closely, driven by stringent food safety regulations, sustainability initiatives, and increasing demand for high-quality agricultural products. Meanwhile, the Asia-Pacific region is experiencing rapid growth fueled by expanding agricultural sectors, government support for modern farming practices, and rising awareness of genomic solutions to boost crop yields and livestock health. Latin America and the Middle East & Africa are gradually emerging markets, supported by improving agricultural infrastructure and a growing focus on enhancing agricultural productivity to meet food security challenges.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the agrigenomics market on a global and regional basis.
The global agrigenomics market is dominated by players like:
The global agrigenomics market is segmented as follows;
By Application
By Sequencer Type
By Objective
FrequentlyAsked Questions
Agrigenomics is the study of the genetic structure of plants and explains as to how the genes contribute to crop yield. Furthermore, the launching of microarray and next-generation sequencing technologies are helping plant breeders and research institutes in assessing as well as predicting genetic merit in plants, helping breeders in making key decisions about selection as well as cross-breeding of plants to get more food yield of high quality. In addition to this, agrigenomics aims to provide a thorough understanding of crop yield optimization, pest control, disease resistance, plant evolution, phylogenetic relationships, and food and biofuel optimization to farmers and people associated with agricultural activities.
The global agrigenomics market is expected to grow due to rising global population and the resultant demand for enhanced food security, coupled with significant advancements in genomic technologies and the growing focus on sustainable agriculture practices.
According to a study, the global agrigenomics market size was worth around USD 3.89 Billion in 2024 and is expected to reach USD 11.18 Billion by 2034.
The global agrigenomics market is expected to grow at a CAGR of 10.2% during the forecast period.
North America is expected to dominate the agrigenomics market over the forecast period.
Leading players in the global agrigenomics market include Thermo Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), Illumina, Inc. (US), Eurofins Scientific SE (Luxembourg), and LGC Limited (UK), among others.
The report explores crucial aspects of the agrigenomics market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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