DUBLIN, February 3, 2023 /PRNewswire/ — The “Agrigenomics – Global Strategic Business Report” has been added to from ResearchAndMarkets.com offer.
Global agrigenomics market to reach $6.1 billion by 2030
The global Agrigenomics market estimated at US$3.2 billion in 2022, is expected to reach a revised size of US$6.1 billion by 2030, growing at a CAGR of 8.4% over the analysis period 2022-2030.
Illumina Hi Seq Family, one of the segments analyzed in the report, is expected to register a CAGR of 9% and reach US$3.1 billion at the end of the analysis period. Given the ongoing post-pandemic recovery, Sanger Sequencing segment growth is readjusted to a revised CAGR of 8.5% for the next 8-year period.
The US market is estimated at $936.6 millionWhile China is expected to grow at a CAGR of 7.8%
The Agrigenomics market in the United States is estimated at US$936.6 million in the year 2022. Chinathe second largest economy in the world, is expected to reach a projected market size of US$1.1 billion by 2030 with a CAGR of 7.8% over the analysis period from 2022 to 2030.
Other notable geographic markets include Japan and Canada, each expected to grow by 7.5% and 6.9% respectively over the 2022-2030 period. In Europe, Germany is expected to grow at a CAGR of approximately 6.4%.
Around 2023
Food and energy inflation will remain a persistent economic problem. Rising retail price inflation will affect consumer confidence and spending. As governments fight inflation by raising interest rates, new job creation will slow and impact economic activity and growth. A drop in capital spending is in sight as companies slow down their investments, held back by fears of inflation and weaker demand.
With slower growth and high inflation, developed markets look poised for recession. Fears of new COVID outbreaks and China The already uncertain post-pandemic trajectory poses a real risk that the world will face deeper supply chain challenges and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, a stricter regulatory environment and the pressure to integrate climate change into economic decisions will compound the complexity of the challenges ahead. 2023 is expected to be a tough year for most markets, investors and consumers. Nevertheless, there are always opportunities for companies and their leaders who can lead the way with resilience and adaptability.
What’s new ?
- Special coverage on Russia–Ukraine war; global inflation; relaxation of the zero-Covid policy in China and its “bumpy” reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and percentage market shares of main competitors
- Market presence in multiple geographies – Strong/Active/Niche/Trivial
- Peer-to-peer collaborative online interactive updates
- Access to digital archives and research platform
- Free updates for one year
Main topics covered:
I. METHODOLOGY
II. SUMMARY
1. MARKET OVERVIEW
- Overview of the influencer market
- Global Market Trajectories
- Agrigenomics: Harnessing the power of genomics technology to transform the future of agriculture
- Crops: the dominant application segment
- Asian countries have enormous growth potential
- Agrigenomics – Percentage of market share of the main global competitors in 2022 (E)
- Global NGS in Agrigenomics Market: Percentage Breakdown of Sales by Major Players for 2019
- Impact of Covid-19 and a looming global recession
- Competitive Market Presence – Strong/Active/Niche/Trivial for Gamers Worldwide in 2022 (E)
2. FOCUS ON CERTAIN PLAYERS (Total 41 Featured)
- Agilent Technologies, Inc.
- AgriGenomics, Inc.
- Biogenetic Services, Inc.
- Eurofins Scientific SE
- Galseq S.r.l.
- Illumina, Inc.
- LGC Ltd.
- Neogen Corporation
- ThermoFisher Scientific, Inc.
- Zoetis, Inc.
3. MARKET TRENDS AND DRIVERS
- Agrigenomics: the next generation agricultural approach to feed the growing world population
- Shrinking arable land and the need to improve agricultural efficiency and yield reinforce the importance of agrogenomics
- Genome editing and its promise to transform the agricultural sector
- Potential role of genome editing in improving crop traits
- List of crop traits improved through the use of genome editing techniques
- Bioinformatics: a discipline with great potential in the agricultural sector
- Integrating Bioinformatics and Genomics into Plant Breeding: A Review of Recent Advances
- NGS in the Agrigenomics Market: An Overview
- Next-generation sequencing presents promising opportunities in plant breeding
- Amid the growing threat of climate change to food security, advances in genomics are enabling crops to adapt to climate change
- As demand for foods of animal origin continues to grow, genomics will play a critical role in improving genetic quality and yield
- The combination of livestock genomics and precision agriculture offers an opportunity to improve farm sustainability
- Livestock genomics for developing economies
- Use of genomics for ruminants in developing regions
- Impact of genomic selection on the acceleration of animal selection
- Crop genomics: focus on accelerating crop improvement
- Genome-edited crops: enabling crops to withstand climate and ecosystem changes
- Technologies used in crop genomics
- Domestication of wheat and barley crops through genomics: a review
- A look at the main stages of plant genetics
- Crop Nutritional Genomics: Improving the Nutritional Quality of Staple Cereal Crops to Address Malnutrition Issues
- Stunted, wasted and overweight children (< 5 years) worldwide in millions and as % of total population for 2000 and 2018
- Recent Advances in Agricultural Genomics
- Research Studies & Innovations
- ICAR scientists map the genome of a popular jute crop
- Microomics combines microbes and genomics to improve agriculture, health and industry
- Iowa State University Researchers conceive a new vision of genomics in animal agriculture
- SPbPU researchers develop new computational method to predict harmful mutations in livestock
- University of Alberta Researchers developing genomic technologies to predict traits in crossbred cattle
- Researchers test the response of each gene in the rice genome to water and nutrients
- AgRenSeq: a new technique to find and clone wild genes to help crops resist disease
- Researchers develop new method to transfer disease resistance genes from wild plants to domestic crops
- International researchers develop new plant breeding technologies to improve food security
- PRODUCT PRESENTATION
- Agrigenomics (agricultural genomics)
4. GLOBAL MARKET OUTLOOK
For more information about this report visit https://www.researchandmarkets.com/r/pk16a9
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