The agrigenomics market refers to the application of genomics, transcriptomics, proteomics, and metabolomics technologies in agriculture and related fields. It involves the study of genetic variations in crops, livestock, and other agricultural species, with the aim of improving their productivity, quality, and resistance to pests and diseases.
The agrigenomics market is a budding industry that is ripe for growth, with an expected market size of USD 5.3 billion by 2026 and a remarkable CAGR of 9.7%. This growth trajectory is driven by the increasing need for sustainable farming practices, the growing global population, and the demand for high-quality agricultural products.
The market has been growing rapidly in recent years, driven by the increasing demand for food and other agricultural products, the need for sustainable farming practices, and advances in biotechnology and genomics research. The market encompasses a wide range of products and services, including DNA sequencing, genotyping, gene editing, and bioinformatics tools for data analysis.
The major players in the agrigenomics market include leading biotechnology companies, academic research institutions, and government agencies. Key applications of agrigenomics include crop breeding, animal breeding, disease diagnosis, and food safety testing.
Overall, the agrigenomics market is expected to continue to grow in the coming years, driven by ongoing advances in genomics technologies and increasing demand for sustainable agriculture practices.