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What Are the Latest Market Insights for the Next Generation Sequencing (NGS) In Agrigenomics Industry?
Recent years have seen quick growth in the size of the agrigenomics market due to next-generation sequencing (NGS). The market, which was valued at $2.25 billion in 2024, is set to reach $2.53 billion in 2025, and the compound annual growth rate (CAGR) is expected to be 12.5%. The growth during the historic period can be traced back to the rising demand for crop varieties that are disease-resistant and high-yielding, escalating need for sustainable practices in agriculture to tackle climate change, increased application of precision farming along with genomics-assisted breeding methods, growth in investment towards research and development of agricultural biotechnology, and enhanced understanding of food security and the crucial role of genetic diversity.
In the coming years, the agrigenomics market anticipates rapid growth where the next-generation sequencing (NGS) sector, in particular, is projected to reach $4.00 billion by 2029, expanding at a compound annual growth rate (CAGR) of 12.2%. Factors contributing to this projected growth include increased government funding and favorable policies for agrigenomics initiatives, greater accessibility of advanced sequencing technologies, the escalating integration of big data and bioinformatics for crop and livestock enhancement, expanding partnerships among agribiotech firms, research establishments, and farmers, as well as an amplified emphasis on enhancing livestock health and productivity via genetic analysis. Noteworthy trends for the forecast period comprise advancements in high-throughput sequencing technologies, the integration of bioinformatics and big data analytics, improvements in technology that lower cost and complexity, progress in long-read sequencing methods, along with advancements in gene editing tools.
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What Forces Are Driving The Growth Of The Next Generation Sequencing (NGS) In Agrigenomics Industry?
The growth of next-generation sequencing (NGS) in the agrigenomics market is anticipated to be fueled by the escalating worries about food security. Food security involves guaranteeing regular access to ample, safe, and nutrient-rich food for everyone to support a healthy and energetic lifestyle. The increased demand for food due to population growth, which exceeds the present agricultural production capability, leads to these mounting worries about food security. Next-generation sequencing (NGS) in agrigenomics aids food security by promoting the creation of enhanced crop sorts with increased yield, disease resistance, and adaptability to climate changes. To illustrate, as reported by the United States Department of Agriculture, a government agency based in the US, 13.5% (18.0 million) of the American families faced food insecurity in 2023, a significant increase from 12.8% (17.0 million) in 2022. Hence, these escalating concerns regarding food security are fostering growth of next-generation sequencing (NGS) in the agrigenomics market.
What Is The Overview Of Market Segmentation In The Next Generation Sequencing (NGS) In Agrigenomics Industry?
The next generation sequencing (NGS) in agrigenomics market covered in this report is segmented
1) By Types: Nanopore, NextSeq, NovaSeq, Sequel
2) By Sample Type: Blood Samples, Plant Tissue Samples, Soil Samples, Microbial Cultures, Seed Samples
3) By Workflow Type: Sample Preparation, Sequencing, Data Analysis, Data Interpretation, Bioinformatics, Management
4) By Application: Plant Genomics, Animal Genomics, Microbial Genomics, Food Safety Testing, Biodiversity Conservation
5) By End-User Type: Agricultural Biotechnology Companies, Research Institutions, Food And Beverage Companies, Government, Regulatory Bodies, Farmers
Subsegments:
1) By Nanopore: MinION, GridION, PromethION
2) By NextSeq: NextSeq 500, NextSeq 550
3) By NovaSeq: NovaSeq 6000, NovaSeq X
4) By Sequel: Sequel I, Sequel II, Sequel Iie
What Future Market Trends Are Projected For The Next Generation Sequencing (NGS) In Agrigenomics Industry?
Key players in the next generation sequencing (NGS) in the field of agrigenomics are concentrating their efforts on creating cutting-edge solutions like single-reaction sequencing. This technique provides cost-effective and precise genomic revelations that fast-track enhancements in crops and livestock for eco-friendly farming. Single-reaction sequencing merges numerous sequencing processes into a single molecular test, facilitating genome-wide sequencing and focused genotyping at the same time. For example, Gencove Inc., a biotech company from the US, collaborated with NEOGEN Corporation in May 2022 to introduce InfiniSEEK. This NEOGEN-developed product consolidates low-pass whole genome sequencing with high-coverage genotyping in a unified test, generating economical, precise genomic insights, which in turn help to perform exhaustive sequencing of cattle populations. It aids in the avoidance of selection bias, the detection of new genetic characteristics, and the management of over 400 bovine traits with clinical-grade precision validated to be more than 99% in accordance with deep sequencing.
Who Are The Primary Players Operating Across The Global Next Generation Sequencing (NGS) In Agrigenomics Market?
Major companies operating in the next generation sequencing (ngs) in agrigenomics market are Thermo Fisher Scientific Inc., Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., Daicel Corporation, Takara Holdings Inc., Tecan Group Ltd., Azenta Life Sciences, 10x Genomics Inc., Novogene Corporation, Twist Bioscience Inc., Oxford Nanopore Technologies Ltd., Genotypic Technology Pvt. Ltd., CD Genomics Inc., Zymo Research Corp., Genome Life Sciences Pvt. Ltd., Arraygen Technologies Pvt. Ltd., SciGenom Labs Pvt. Ltd., BGI Group, and Paragon Genomics Inc.
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Which Region Offers The Most Growth Potential For The Next Generation Sequencing (NGS) In Agrigenomics Market Through 2029?
North America was the largest region in the next generation sequencing (NGS) in agrigenomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the next generation sequencing (NGS) in agrigenomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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