Vegetable Seeds Market By Type (Solanaceae, Cucurbit, Root And Bulb, Brassica, Leafy, And Others), and Region - Global Forecast to 2023
- find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global vegetable seeds market was valued at approximately US$ 9,082.3 Mn in 2019, and is expected to register a CAGR of over 7.5%. The report offers in-depth insights, revenue details, and other vital information regarding the global vegetable seeds market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global vegetable seeds market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global vegetable seeds market report has been segmented on the basis of type and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Vegetable seed is the product of the ripened ovule, after fertilization by pollen and some growth within the mother plant. It is an embryonic plant enclosed in a protective outer covering.
Increasing demand for food coupled with growing population across the globe is expected to drive growth of the target market to significant extent over the forecast period. In addition, increasing demand for hybrid vegetable seeds that are genetically modified owing to impart specific properties into the seeds such as resistance to diseases, additional nutrients, and to improve the yield. This is among some of the major factors expected to drive revenue growth of the target market over the forecast period. Increasing consumption of healthy and nutritional items in diet coupled with growing awareness for health consciousness among consumers is expected to drive growth of the global vegetable seeds market over the forecast period.
Technological advancements in agricultural production and changing climatic conditions across the globe has contribute in stimulating the growth of hybrid vegetable seeds in the market. Furthermore, changing lifestyle, shifting preference towards intake of healthier food in developing countries, growing awareness regarding benefits of consuming a diet rich in vegetables and fruits, and rising disposable income of consumers are some other factors expected to drive growth of the global vegetable seeds market in the next coming years.
However, stringent regulations in order to avoid harmful pesticides in farming practices is a factor expected to restrain growth of the global vegetable seeds market to a certain extent. In addition, recall of vegetable seeds with various pathogens owing to cause serious and fatal infections in young children, adults, and others with weak immune systems, and this is another factor expected to inhibit adoption of vegetable seeds to a certain extent.
Increasing R&D activities and various government initiatives in order to develop diseases or pathogen resistance vegetable seeds is expected to create a lucrative opportunity for manufacturers, which in turn is projected to support revenue growth of the target market over the forecast period.
Market Analysis by Type:
On the basis of type segments, the solanaceae segment in vegetable seeds market is estimated to account for major revenue share in 2018, and is expected to register a CAGR of over 8.5% over the forecast period. This is primarily attributed to increasing adoption vegetables such as tomato, onions, cucumbers, cabbages, turnips, and others in developing economies such as China and India, owing to increasing demand for food.
Market Analysis by Region:
Asia Pacific market holds major revenue share contribution and is projected to witness the highest CAGR growth of over 8.0% in the global vegetable seeds market over the forecast period. This is primarily attributed due to increasing use of vegetable seeds for high quality vegetable production in countries such India and China in the Asia Pacific region is expected to gain traction owing to growing consumer awareness about healthy diet, which in turn is expected to boost the growth of vegetable seeds market in Asia pacific region. In addition, growing use of high-yield and high-quality crop breeds suitable for mechanized agriculture as well as standardized and traditional techniques of high-yield and high-performance cultivation in this region, is expected to fuel growth of the target market over the forecast period.
North America market is expected to hold moderate share in terms of revenue of approximately US$ 4,500.0 Mn in 2027 in the global vegetable seeds market, as compared to that of markets in other regions. The major driving factors for growth of the vegetable seeds in this region is rising demand for organic vegetable seeds coupled with growing awareness among consumers for healthy diet. In addition, increasing adoption of vegan lifestyle, changing lifestyle, shifting preference towards intake of healthier food and rising disposable income of consumers are among some factors expected to support growth of the market in the region, and in turn is expected to drive growth of the global vegetable seeds market.
Europe market is expected to account for moderate growth in terms of revenue of approximately US$ 1,489.6 Mn in 2017 in the global vegetable seeds market and is projected to register a CAGR of over 7.0% over the forecast period. Growing demand for fruit and vegetable of consistently high quality of the product among individuals owing to health concern, is a factor anticipated to support revenue growth of the Europe vegetable seeds market over the forecast period. Stringent regulations pertaining to harmful pesticides in inorganic farming practices pose risk to humans and environment, which in turn is expected to gain traction of the organic vegetable seeds market over the forecast period in this region.
Rising demand for vegetables coupled with growing consumer awareness for healthy diet, is expected to gain traction, which in turn is expected to boost the growth of vegetable seeds market in Latin America region. In addition, increasing export and import of agricultural products in the region owing to growing consumption of food and rapid urbanization, is expected to drive the growth of Latin America vegetable seeds market over the forecast period. Furthermore, increasing agricultural activities in countries and growing consumption of food due to expatriate in countries in the Middle East and Africa are among other factors driving market growth and creating major revenue opportunities for prominent players operating in the region
Market Segmentation of Global Vegetable Seeds:
Segmentation by type:
- Root and Bulb
- Others (Sweet Pepper, Tomato, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- BAYER CropScience AG (Monsanto Company)
- Syngenta AG
- BASF SE
- Takii & Co., Ltd.
- Sakata Seed Corporation
- Maharashtra Hybrid Seeds Company Private Limited (Mahyco Seeds Ltd.)
- Western Bio Vegetable Seeds Ltd.
- Bejo Zaden B.V.
- Groupe Limagrain Holding SA
- UPL Limited (Advanta Seeds)
- East-West Seed International Ltd.
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.00 Chapter 2
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Type
- 2.2.2 Market Snapshot, By Region
- 2.2.3 Prudour Opportunity Map Analysis
- 2.1 Report Description
- 3.0 Chapter 3
- 1.0 Chapter 1
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