The Vegetable Seeds Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vegetable Seeds Global Market Report 2024, The vegetable seeds market size has grown rapidly in recent years. It will grow from $10.92 billion in 2023 to $12.15 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to global population growth, urbanization and changing lifestyles, globalization of food supply chains, increased vegetable processing industry, consumer demand for exotic vegetables.
The vegetable seeds market size is expected to see rapid growth in the next few years. It will grow to $18.48 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to organic farming expansion, global trade and export opportunities, water-efficient varieties, government subsidies and incentives, consumer preferences for local produce. Major trends in the forecast period include disease-resistant varieties, high-yielding hybrid varieties, biotechnology for trait enhancement, customization for urban and container gardening, precision agriculture technologies.
The increasing demand for organic food products will contribute to the growth of the vegetable seeds market going forward. Organic food is grown without the use of synthetic chemicals, such as pesticides and fertilizers manufactured by humans, and does not contain genetically modified organisms (GMOs). During the COVID-19 pandemic, demand for organic foods increased as consumers regarded them to be healthier and more immune-boosting. For instance, in June 2022, according to the Organic Trade Association, a US-based business association, in 2021, organic sales surged by $1.4 billion (2%), exceeding $63 billion, with food sales contributing over 90%, reaching $57.5 billion (2% growth), and non-food sales rising to $6 billion (7% increase). Hence, the growing demand for organic food is expected to propel the growth of the vegetable seeds market.
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The vegetable seeds market covered in this report is segmented –
1) By Type: Open-Pollinated, Hybrids
2) By Crop Type: Solanaceae, Roots And Bulb, Cucurbit, Brassica, Leafy, Other Crop Types
3) By Traits: Genetically Modified, Conventional
4) By Form: Inorganic, Organic
Major companies operating in the vegetable seeds market are focused on developing innovative products such as disease resistant seeds to increase their profitability in the market. Disease-resistant vegetable seeds refer to seeds of plants that have been bred or genetically modified to exhibit a reduced susceptibility to various diseases. For instance, in August 2021, Chia Tai Company Limited, a Thailand-based agricultural company launched Chinese Bitter Gourd Vista Plus. The product is a novel seed that presents disease resistance, abundant harvests, and substantial fruits, designed to tackle challenges faced by farmers cultivating Chinese bitter gourds, aiming to optimize productivity. The resulting bitter gourds exhibit improved mass, expanded dimensions, and a pleasing erect structure, offering potential economic gains for farmers. Extensive quality assessments spanning over 24 months have yielded positive outcomes, affirming the seed’s efficacy.
The vegetable seeds market report table of contents includes:
- Executive Summary
- Vegetable Seeds Market Characteristics
- Vegetable Seeds Market Trends And Strategies
- Vegetable Seeds Market – Macro Economic Scenario
- Global Vegetable Seeds Market Size and Growth
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- Global Vegetable Seeds Market Competitive Benchmarking
- Global Vegetable Seeds Market Competitive Dashboard
- Key Mergers And Acquisitions In Vegetable Seeds Market
- Vegetable Seeds Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- General Mills Inc.
- Dole Food Company Inc.
- Fresh Del Monte Produce
- Chiquita Brands International Inc.
- Giorgio Foods Inc.
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