The agrigenomics market is projected to grow at a CAGR of 7.8% from 2016 to reach USD 13.56 Billion by 2021
The market has been driven by advancements in genomic technologies with various post-sequencing analysis techniques and strong government support in the developed countries.
With many technologies at the disposal of agrigenomic researchers, genome sequencers are of immense value to make progress in carrying out further research objectives such as genotyping, parentage tests, and marker-assisted selection & breeding. In agricultural research, NGS (Next-generation Sequencing) technologies from Illumina, Inc. (U.S.) and Thermo Fisher Scientific, Inc. (U.S.) have been gaining strong demand to perform highly advanced agrigenomic research services to generate high data output and develop reliable analytical models.
The need for environment-friendly & innovative production methods, advent of agricultural modernization, and better crop value have made the agricultural community identify new avenues such as agrigenomic technology. Agrigenomics is an effective method to maintain agricultural sustainability without affecting the environmental ecosystem. Advanced genomic research on livestock such as dairy cattle and sheep has been gaining momentum in developed markets to prevent genetic and pathogenic diseases in animals.
Genome analytic tools such as marker-assisted selection are expected to be a major solution for breeding projects for crops and livestock owing to which the segment is projected to witness strong growth in the next five years. Cross-breeding using agrigenomic technology is projected to be an effective method with the ban of GM technology on various crops and livestock in most of the countries.
North American and European regions have been strong contenders in supporting research projects in agrigenomics. North America accounted for the largest market share in 2015, whereas the Asia-Pacific region is the fastest-growing market from 2016 to 2021. The North American region gained larger share due to the sophisticated technological research and development supported by the U.S. and Canadian government funds. Strong growth in the Asia-Pacific region has been attributed to the strong demand to improve crop and livestock productivity in China and Australia.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Agrigenomics Market By Application
8 Agrigenomics Market By Objective
9 Agrigenomics Market By Sequencer Type
10 Agrigenomics Market By Region
12 Company Profiles
- Agilent Technologies' Inc. (U.S.)
- Agrigenomics' Inc. (U.S.)
- Biogenetic Services' Inc. (U.S.)
- Eurofins Scientific Se (Luxembourg)
- Galseq Srl Via Italia (Italy)
- Illumina' Inc. (U.S.)
- LGS Limited. (U.K.)
- Neogen Corporation (U.S.)
- Thermo Fisher Scientific' Inc. (U.S.)
- Zoetis' Inc. (U.S.)
For more information about this report visit http://www.researchandmarkets.com/research/3lt5vg/agrigenomics
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/1356-billion-agrigenomics-market-2016---global-forecast-to-2021-rise-in-funds-toward-research-in-agrigenomics-fuel-the-adoption-of-novel-technologies---research-and-markets-300341796.html
SOURCE Research and Markets