Growing demand for food and rising technological advancements to drive the next generation sequencing (NGS) in the agrigenomics market in the forecast period, 2023-2027. According to TechSci Research report, “Next Generation Sequencing (NGS) in Agrigenomics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global next generation sequencing (NGS) in Agrigenomics market is anticipated to grow at a significant rate in the forecast period, 2023-2027.
The Important Elements of Next-Generation Sequencing in Agrigenomics Market
The increasing pressure on global food production and upcoming new and advanced technologies in the field of genomics and agriculture are the primary factors driving the demand for global next generation sequencing (NGS) in Agrigenomics market. The growing expansion of food industries, growing demand for genomic databases by livestock breeders, rise in demand for enhanced quality of crops, preference for organic food products, and rising investments by governments are expected to influence the market demand. The growing world population with the upsurge in demand for livestock and crops are also a key factor for increasing the growth of the next generation sequencing (NGS) in Agrigenomics market, globally.
However, the huge investment required for the advancement of NGS technology, stringent regulatory norms, and lackluster infrastructure may hamper the growth of the market in the forecast period.
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The global next generation sequencing (NGS) in agrigenomics market is segmented into Product, technique, application, and company.
Based on product, the market is divided into kits & consumables, instruments, and others. The kits & consumables segment is expected to hold a significant market share. This is attributed to the development of genomic tools to aid in breeding decisions and the cost and time factors that are driving the growth of the segment.
Based on technique, the market is divided into DNA extraction & purification, DNA/RNA sequencing, genotyping, marker assistance selection, and others. The marker assistance selection segment is expected to hold a significant market share. This is due to the high efficiency and effectiveness of breeding compared to traditional breeding, and the presence of key technology providers.
Based on sequencer type, the market is divided into sanger sequencing, patio sequencers, solid sequencers, illumina HI SEQ family, and others. The Illumina HSEQ family segment is expected to hold the largest market share in the forecast period as it is an exceptionally powerful sequencing system that can manage a variety of analysis tasks. Also, the low cost of the machine is propelling the market growth.
Based on application, the market is divided into crops and livestock. The livestock segment is projected to hold the largest share in the next-generation sequencing (NGS) in the agrigenomics market. This is ascribed to the need to develop a reference genome sequence to develop future tools for the analysis of genetic traits in various animals and the rise in the number of crossbreeding projects.
Major operating companies operating in global next generation sequencing (NGS) in agrigenomics market are:
- 10x Genomics, Inc.
- AgriGenome Labs Pvt. Ltd
- Agrigenomics Inc.
- Daicel Arbor Biosciences
- Biogenetic Services Inc.
- Eurofins Scientific SE
- GALSEQ S.r.l.
- Illumina, Inc.
- Genome Life Sciences Private Limited
- NuGen Technologies Inc.
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“North America region dominates the market in 2021 and is expected to maintain its dominance in the coming years due to the strong R&D, and technological innovation. Also, the increasing population, increasing funds in genome R&D activities by the government, rising healthcare infrastructure, the huge demand for crop and livestock improvement, government support, and the presence of key sequencing players, are expected to propel the global next-generation sequencing (NGS) in agrigenomics market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Next Generation Sequencing (NGS) in Agrigenomics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027Segmented By Product (Kits & Consumables, Instruments, Others), By Technique (DNA Extraction & Purification, DNA/RNA Sequencing, Genotyping, Marker Assistance Selection, Others), By Application (Crops v/s Livestock), By Company, and By Region”, has evaluated the future growth potential of global next generation sequencing (NGS) in agrigenomics and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global next-generation sequencing (NGS) in agrigenomics market.
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