The global agriculture genomics market is expected to grow at a significant CAGR during the forecast period (2024-2031). The use of genomics solutions for crops can lead to the production of specialized crop types that are disease resistant, drought tolerant, nutritionally enriching, and of high quality. By removing features that impede extensive production, gene editing can give a long-term solution for the bulk production of desired crops. In cattle production, genomics can lead to a better understanding of genetic risk in animals, allowing for the adaptation of future profitability measures. Livestock producers can use animal genomics to make a strategic animal selection and breeding decisions to increase profitability and productivity in their herds.
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Rapid breakthroughs in the functional genomics sector, such as the adoption of massively parallel sequencing technology and the creation of methods to efficiently study cellular behaviour at the molecular level, are driving the global agriculture genomics market. In terms of applied genomics in agriculture, molecular marker-assisted crop breeding has outperformed traditional breeding programmes in terms of crop selection scope, speed, and efficiency. Advanced genome characterisation tools have revealed that crops can have higher quality and yield while using fewer fertilisers, herbicides, and water. Novel technologies have been shown to improve desirable qualities in livestock, such as milk supply, meat quality, and reproductive life.
The market growth is dependent on expanding the application range beyond food and nutrition security. Genome analysis tools and techniques can also support food safety issues such as spoilage and contamination, adulteration, and economic fraud, as well as traceability across the full supply chain from farm to fork. By providing unparalleled access to genomic information, New Breeding Techniques (NBT) based on applied genetics have transformed breeding techniques for crops and livestock. Genomics has also provided information on the biological status of critical resources such as fisheries, crops, and cattle health.
In the agriculture genomics market, the crops segment is anticipated to hold a lucrative share. Genotyping and next-generation sequencing (NGS) technologies have been increasingly used to research a number of agricultural species and obtain a better knowledge of the genetic variation that influences phenotypes. CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) techniques are speeding up development since they are cost-effective and offer advanced features like multiplexing. Gene editing is, in reality, democratising the development of genetically modified plants. The technology is being used by large, established firms such as Syngenta, Bayer, BASF, and Corteva, as well as minor start-ups like Calyxt and Pairwise Plants.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Illumina, Inc., and Eurofins Scientific SE, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Agriculture Genomics Market Report Segmentation
By Application
- Crops
- Livestock
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