MarketsandMarkets Presents Agrigenomics Market by Application & Region - Global Forecast 2021

The report "Agrigenomics Market by Application (Crops, and Livestock), Sequencer Type (Illumina HiSeq, PacBio, Sanger, SOLiD), Objective (Extraction, Sequencing, Genotyping, Gene Expression, MAS, GMO/Trait Purity), and Region - Global Forecast to 2021", The agrigenomics market is projected to reach USD Billion by 2021, at a CAGR of 7.8% from The market is driven by advancements in genomic technologies with various post-sequencing analysis techniques and strong government support in developed countries.Agrigenomics Market Crops dominated the application segment for agrigenomics market followed by livestock in 2015.Due to the strong intention of government to support crop productivity such as the U.S. Department of Agriculture (USDA) project on reduced-gluten grains, there has been strong research in the area of crop development. The application of agrigenomics in the livestock sector has been limited to certain tests such as genetic disease identification and parentage testing. However, better growth is projected in the area of livestock breeding due to the rise in demand for genomic databases by livestock breeders. Make an Inquiry

“Technological advancements in marker-assisted selection are projected to upgrade agrigenomic services” The advent of advanced technologies such as automation and high-throughput systems has generated keen interest among researchers for adopting next-generation systems in the agrigenomics field. Reduction in time (due to high-speed sequencing output) for nucleic acid sequencing has decreased the cost of DNA sequencing procedures. This, in turn, has reduced the overall cost of genomic research projects. Thus, declining sequencing price is expected to favorably impact the adoption of next-generation sequencing for faster, cheaper, and accurate results, even though these machines are very expensive. Marker-assisted selection and breeding is projected to be the fastest-growing research objective from 2016 to “Asia-Pacific is projected to be the fastest-growing region in the market” Even though the government support has been overwhelming in the developed countries of Europe and North America, and certain Asia-Pacific countries (such as South Korea and Japan), research institutes and laboratories in emerging markets have been facing shortage of funds to conduct advanced research in agrigenomics activities and provide client services. In fact, the growth in the region is driven by various rules and regulations. Strong demand is projected in order to collect database from basic services such as sequencing, genotyping, and parentage tests which can be used to analyze the performance traits in animals for effective decisions on animal breeding.

According to MarketsandMarkets, key players such as Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), and Illumina, Inc. (U.S.) have been strengthening their range of analytical technologies through acquisitions to streamline their supply chain for agrigenomics services. Acquisitions were considered to be the most profitable strategy among key players in the last 5 years and it is estimated to bring about market consolidation at the global level. Target Audience The report is targeted toward the existing players in the industry, which include: Technology providers, lab instrument & equipment manufacturers Research institutions/agencies/laboratories Biotechnological companies Genetic solution/service providers Plant & livestock breeders Government regulatory authorities and agricultural research organizations

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