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Agrigenomics Market Overviews
Agrigenomics Market size was valued at US$ 3.97 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 9.7% through 2024 to 2030, reaching nearly US$ 7.59 Bn.
Agricultural genomics (Agrigenomics) is the application of genetics in agriculture to increase crop and livestock productivity and sustainability. Genomics has the potential to reduce the number of trials and failures in scientific research, potentially improving the quality and quantity of agricultural yields in agriculture. Linking features to genes or gene signatures aids crop breeding in the development of hybrids with the best characteristics. Agrigenomics Market report's segment analysis provided on the basis of sequencer type, objective application and region.
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Agrigenomics Market Scope and Methodology:
The exponential growth in the world population, as well as the growing need for crops and livestock around the world, are important factors driving the growth of the Agrigenomics Market. The Market is growing as a result of a government push to promote research and improve agricultural productivity. Besides, the growing need for genomic databases by livestock breeders, as well as technological advancements in sequencer technology, such as shorter sequencing times and high-throughput systems, are driving the Agrigenomics Market forward.
Agrigenomics Market Regional Insights
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Agrigenomics Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
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Agrigenomics Market Segmentation
Based on the Objective, the agrigenomics market is segmented into DNA Extraction & Purification, DNA/RNA Sequencing, Genotyping, Gene Expression Profiling, Marker-Assisted Selection, GMO/TRAIT Purity Testing, and Other Objectives. Marker-Assisted Selection objective segment is expected to hold the largest market shares of xx% by 2027. Because it considerably increases the efficiency and effectiveness of breeding when compared to conventional breeding. Due to the substantial research support and presence of important technology suppliers in the United States, marker-assisted selection has been gaining popularity in North America. On the other hand, DNA/RNA sequencing and genotyping are standard prerequisites for agrigenomics testing services in 2020. This is due to the fact that high genotyping call accuracy allows researchers to fine-tune fine-mapping at a low cost.
Agrigenomics Market Key Players
Euro Fins Scientific
Agilent Technologies Inc.
LGC Limited UK
Zoetis Inc.
Illumina Inc.
Genotypic Co Ltd
Sci Genom Labs Private Limited
Neogen Corporation
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Key questions answered in the Agrigenomics Market are:
Key Offerings:
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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