Market Overview-
The global vegetable seeds market is expected to gain impetus from theincreasing awareness regarding the benefits of consuming vegetables in
developing and developed countries. The World Health Organization (WHO)
declared that lower consumption of fruits and vegetables causes around 1.7 million
deaths worldwide per year. This information is given by FortuneBusiness Insights™ in a published report, titled, “Vegetable SeedsMarket Size, Share & COVID-19 Impact Analysis, By Type (Open Pollinated
Varieties and Hybrids), Crop Type (Solanaceae, Root & Bulb, Cucurbit,
Brassica, Leafy, and Others), Cultivation Method, and Regional Forecast, 2024 –
2032.”
The global vegetable seeds market size was USD 8.14 billion in 2023 and is projected to grow from USD 8.69 billion in 2024 to USD 15.03 billion by 2032, growing at aCAGR of 6.78% during the forecastperiod (2024-2032).
A list of all the vegetable seeds manufacturers operating in the globalmarket:
- BASF SE- Germany
- Bayer AG. – Germany
- Syngenta AG – Switzerland
- Groupe Limagrain- France
- Rijk Zwaan Zaadteelt en Zaadhandel B.V- Netherlands
- Sakata Seed Corporation- Japan
- Takii & Co., Ltd- Japan
- Enza Zaden BV- Netherlands
- East-West Seed- Thailand
- Bejo Zaden B.V.- Netherlands
This Report Answers the Following Questions:
- Which segment is likely to lead the market in the coming years?
- Which company would generate the highest revenue in the future?
- What are the predicted, historical, and current sizes of the market?
- How will prominent firms surge sales of vegetable seeds amid COVID-19?
Cultivating Growth Opportunities:
As the world's population continues to grow,the importance of efficient food production becomes more pronounced. This
presents a significant opportunity for the vegetable seed market to expand and
meet the escalating demand for fresh produce. From traditional seed suppliers
to niche players focusing on organic and non-GMO seeds, the market is teeming
with potential for growth and profitability.
Drivers & Restraints-
Rising Inclusion of Vegetables in Diet to Propel Growth
Nowadays, various companies are developing vegetable hybrids to suit therequirements of farmers and consumers. Such vegetables possess a broad range of
qualities, such as shelf-life, flavor, shape, color, yield, taste, nutrition,
and adaptability. Hence, hybrid vegetable seeds are experiencing more
popularity, as compared to the non-hybrid seeds.
Moreover, the rising inclusion of vegetables in one’s diet is helping tocombat malnutrition. In many developing countries, the nutritional richness of
vegetables is often considered to be a cost-effective remedy for nutritional
deficiencies. However, climate change is a major issue for agricultural
production worldwide. It may hamper the vegetable seeds market growth in the
coming years.
Segment-
Solanaceae Segment to Grow Rapidly Backed by Rising Investments by KeyCompanies
Based on crop type, the Solanaceae segment earned 41.88% in terms ofvegetable seeds market share in 2019. This growth is attributable to the rising
investments by reputed vegetable seeds manufacturers in developing
premium-quality seeds, such as hybrid tomato. The segment mainly consists of
pepper, eggplant, potatoes, and tomatoes.
Key Benefits For Stakeholders
- This report offers a quantitative analysis of the vegetable seeds market segments, trends,
estimates, and dynamics from 2022 to 2032 to identify current
opportunities. - It includes information on key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the influence of buyers and suppliers, helping
stakeholders make profitable business decisions and strengthen their
supplier-buyer relationships. - The report provides an in-depth analysis of market segments to identify current opportunities.
- It maps major countries in each region based on their revenue contribution to the global
market. - Market player positioning helps with benchmarking and understanding the current standing
of market players. - The report covers both regional and global vegetable seeds market trends, key players,
market segments, application areas, and growth strategies.
Regional Analysis-
Asia Pacific to Remain at Forefront Backed by Expansion of AgricultureIndustry
Geographically, in 2019, Asia Pacific procured USD 2.86 billion in termsof revenue. The region is set to retain its dominant position throughout the
forthcoming years stoked by the increasing area under horticultural crops in
the region. Apart from that, the expansion of the agriculture industry is set
to contribute to this growth. India and China are the most significant
countries that report high vegetable consumption and production.
Europe, on the other hand, is set to exhibit considerable growth backedby the increasing advancements in the field of breeding technologies. It will
help in the development of high-quality vegetable seeds. In North America, the
demand for the product is set to be high from Mexico and the U.S.
Objective of Vegetable Seed Production
The primary objective of this type ofgardening is to produce high-quality seeds on a large scale, overseen by an
organization. Key factors in selecting locations for seed-growing areas include
climate, soil, and disease-free conditions.
Objective of Seed Marketing
The aim of seed marketing is to fulfillfarmers' needs by offering a dependable supply of high-quality, improved seed
varieties at affordable prices. For agricultural retailers, this involves
selling seeds alongside other farming inputs to farmers.
Competitive Landscape-
Key Players Focus on Acquisition Strategy to Gain a Competitive Edge
The vegetable seed market is consolidated dueto an increasing number of mergers and acquisitions. Many multinational companies
are investing significant amounts of money in developing innovative growing
techniques to meet rising demand.
Hereare the latest industry developments:
July 2023: Syngenta, one ofthe prominent players in the agriculture inputs industry, announced the
acquisition of Feltrin Sementes, a vegetable seed company based in Brazil. The
move would help expand the range of products that the company can offer across
the globe.
