North America Agrigenomics Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Application, Sequencer Type, And By Country (The U.S, Canada and Rest of North America) – Industry Analysis From 2024 To 2029

Updated On: January, 2024
ID: 1964
Pages: 145

North America Agrigenomics Market Size (2024 to 2029)

The North American agrigenomics market is expected to be valued at USD 4.37 billion in 2024 and reach USD 6.82 billion by 2029, which is estimated to grow at a CAGR of 9.3 % from 2024 to 2029.

Crops dominate the segment of application for a market whose markets were followed by livestock in 2016. Because of the government's strong determination to support the productivity of the crop, the US Department of Agriculture (USDA) did a project on grains, which are being researched in the crop development area. The application of agrigenomics in the livestock sector has become limited to certain tests, such as the identification of genetic diseases and the testing of parentage. Good growth is projected in the breeding areas due to an increase in livestock breeders' demand for genomic databases.

The increasing of technologies which are advanced like high throughput and automation systems has brought interest among people who are doing research and for those who are using next generation systems in this market. The rapid growth of technologies like sequencing in the market has made the high throughput and lower cost per piece. Making this factor, the NGS technique is treated as an efficient tool and cost-effective for different types in their own way. Crop researchers who are supporting the applications of NGS in agrigenomics for genomic-assisted selection and genomic breeding have become the driving factors for the industry.

This research report on the North American agrigenomics market is segmented and sub-segmented into the following categories:

North America Agrigenomics Market - By Application:

  • crops
  • livestock

North America Agrigenomics Market - By Objective:

  • DNA Extraction & Purification
  • DNA/RNA Sequencing
  • Genotyping
  • Gene Expression Profiling
  • Marker-Assisted Selection
  • GMO/Trait Purity Testing
  • Other Objectives

North America Agrigenomics Market - By Sequencer Type:

  • Sanger Sequencing
  • Illumina Hi Seq Family  
  • Pacbio Sequencers
  • Solid Sequencers
  • Other Sequencer Types

North America Agrigenomics Market – By Country:

  • The U.S
  • Canada
  • Rest of North America

KEY MARKET PLAYERS:

Eurofins Scientific Se (Luxembourg), Agilent Technologies' Inc. (U.S.), Thermo Fisher Scientific' Inc. (U.S.), LGS Limited. (U.K.), Illumina' Inc. (U.S.), Zoetis' Inc. (U.S.), Neogen Corporation (U.S.), Galseq Srl Via Italia (Italy), Agrigenomics' Inc. (U.S.), Biogenetic Services' Inc. (U.S.). some of the market players dominating the north America agrigenomics market.

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Frequently Asked Questions

What growth rate is expected for the North American Agrigenomics Market?

The market is anticipated to grow at a compound annual growth rate (CAGR) of 9.3% over the forecast period, driven by technological advancements and increased investment in agricultural research.

What are the main applications of Agrigenomics in North America?

Agrigenomics is widely used in trait selection, genetic disease management, species identification, and quality control in crops and livestock, enhancing productivity and sustainability in agriculture.

What are the key trends in the North American Agrigenomics Market?

Key trends include the integration of AI and machine learning in genomic analysis, the rise of precision agriculture, and an increasing focus on plant and animal genome editing.

What are the main challenges facing the North American Agrigenomics Market?

Challenges include ethical and privacy concerns related to genetic data, high costs associated with genomic analysis, and the need for skilled professionals in agrigenomics.

What are the most researched crops in the North American Agrigenomics Market?

Significant research focus is on major staple crops like corn, soybean, wheat, and cotton, aiming to improve yield, nutritional value, and environmental stress resistance.

What opportunities does the North American Agrigenomics Market offer to investors?

Opportunities include investing in innovative agrigenomic startups, companies developing novel genetic engineering technologies, and businesses focusing on sustainable and precision agriculture solutions.

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