Vegetable Seeds Market Expansion 2024-2033:Mineral Market Growth Drivers and Dynamics

Overview and Scope

Vegetable seeds refer to seeds of those plants that are or may be cultivated in yards or on mobile farms and are or may be marketed as vegetables or herbs in general. They are a result of a flower or building that resembles a flower. The flower is the first stage of the seed life cycle, and the seedling is the last, but many of the stages in between differ from plant to plant.

Sizing and Forecast

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.

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Segmentation & Regional Insights

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

Asia-Pacific was the largest region in the vegetable seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vegetable seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the vegetable seeds market report are BASF SE, Syngenta AG, JK Agri Genetics Limited, United Phosphorous Ltd., Bayer FMC Corporation, FMC Corporation, Groupe Limagrain Holding SA, Vilmorin & Cie SA, Rijk Zwaan Zaadteelt en Zaadhandel BV, Bayer CropScience Ltd., Sakata Seed Corporation, Yuan Longping High-Tech Agriculture Co Ltd., Kaveri Seeds Company Pvt, De Enkhuizer Zaadwinkel, East-West Seed Company Ltd., W. Atlee Burpee & Co, Seedway LLC, Johnny’s Selected Seeds, Stokes Seeds Inc., Bejo Zaden BV, Abbott & Cobb Inc., Harris Moran Seed Company, Advanta Seeds – UPL, Nuziveedu Seeds Limited, Vikima USA Inc., Emerald Seed Company, Territorial Seed Company, Bajo Foods Private Limited, Takii & Co Ltd., Mahyco Private Limited, F.W. Sawatzky Ltd., Namdhari Seeds Pvt Ltd.

The vegetable seeds market report table of contents includes:

1. Executive Summary
2. Vegetable Seeds Market Characteristics
3. Vegetable Seeds Market Trends And Strategies
4. Vegetable Seeds Market – Macro Economic Scenario
5. Global Vegetable Seeds Market Size and Growth
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32. Global Vegetable Seeds Market Competitive Benchmarking
33. Global Vegetable Seeds Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Vegetable Seeds Market
35. Vegetable Seeds Market Future Outlook and Potential Analysis
36. Appendix