Brazil Metagenomics Market Size & Outlook, 2023-2030

The metagenomics market in Brazil is expected to reach a projected revenue of US$ 191.5 million by 2030. A compound annual growth rate of 14.3% is expected of Brazil metagenomics market from 2024 to 2030.
Revenue, 2023 (US$M)
$75.1
Forecast, 2030 (US$M)
$191.5
CAGR, 2024 - 2030
14.3%
Report Coverage
Brazil

Brazil metagenomics market highlights

  • The Brazil metagenomics market generated a revenue of USD 75.1 million in 2023 and is expected to reach USD 191.5 million by 2030.
  • The Brazil market is expected to grow at a CAGR of 14.3% from 2024 to 2030.
  • In terms of segment, kits & reagents was the largest revenue generating product in 2023.
  • Sequencing & Data Analytics Services is the most lucrative product segment registering the fastest growth during the forecast period.


Metagenomics market data book summary

Market revenue in 2023USD 75.1 million
Market revenue in 2030USD 191.5 million
Growth rate14.3% (CAGR from 2023 to 2030)
Largest segmentKits & reagents
Fastest growing segmentSequencing & Data Analytics Services
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationKits & Reagents, Sequencing & Data Analytics Services, Software
Key market players worldwideBio-Rad Laboratories Inc, Illumina Inc, PerkinElmer, Thermo Fisher Scientific Inc, Novogene, Promega, Qiagen NV, Takara Bio Inc, Oxford Nanopore Technologies PLC, Roche Holding AG


Other key industry trends

  • In terms of revenue, Brazil accounted for 3.7% of the global metagenomics market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Latin America, Brazil metagenomics market is projected to lead the regional market in terms of revenue in 2030.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 191.5 million by 2030.

Kits & reagents was the largest segment with a revenue share of 61.52% in 2023. Horizon Databook has segmented the Brazil metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.


The Brazil metagenomics market is expected to continue R&D of molecular test kits using NGS to diagnose brain disorders such as autism through startup companies such as Mendelics and Genius. Furthermore, the presence of a naturally diverse ethnic demographic in the region is expected to boost R&D for NGS-derived diagnostic kits and therapies for certain rare diseases.

These potential avenues for further development of NGS applications are expected to fuel the market growth in this region during the forecast period. The improving infrastructure, expanding sequencing technologies, and increasing interest of global players in this country are also driving the market.

For instance, in November 2019, Veritas Intercontinental signed an agreement with genetic testing lab Genomika, based in Brazil, to offer whole-genome and exome sequencing services in this region.

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Metagenomics Market Scope

Metagenomics market segmentation & scope
Kits & Reagents
Sequencing & Data Analytics Services
Software
Shotgun Sequencing
16S Sequencing
Whole Genome Sequencing
Others
Pre-sequencing
Sequencing
Data Analysis
Environmental
Clinical Diagnostics
Drug Discovery
Biotechnology
Food & nutrition
Others

Metagenomics Market Companies

Name Profile # Employees HQ Website

Brazil metagenomics market size, by product, 2018-2030 (US$M)

Brazil Metagenomics Market Outlook Share, 2023 & 2030 (US$M)

Brazil metagenomics market size, by product, 2018-2030 (US$M)

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