Industry Overview of Vegetable Seed Market
Vegetable seeds refer to embryonic plants enclosed in a protective outer covering of crops that are generally grown in gardens and on farms. They comprise large amounts of proteins, starch, nutrients, etc. Vegetable seeds consist of embryos and endosperms that form the nutritive tissue of roots. They are essential to consider the growth requirements of plants, such as the amount of sunlight, water, nutrients needed, etc. Some of the common product variants include heirloom, hybrid, and genetically modified seeds. They are extensively utilized in snacks and ready-to-eat (RTE) food items across the globe.
How Big Is the Vegetable Seed Market?
The global vegetable seed market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028 , exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
What Are the Growth Prospects and Trends In The Vegetable Seed Industry?
The growing consumer awareness towards the benefits of a healthy diet and the expanding food and beverage (F&B) industry are primarily driving the vegetable seed market. Additionally, strategic partnerships and collaborations among key market players to increase their product portfolio and continuous improvements in the agriculture sector are further bolstering the market growth. Besides this, the widespread adoption of organic vegetable seeds that are produced by using environmentally friendly methods, such as bio-fertilizers, is acting as another significant growth-inducing factor. Moreover, the rising usage of gene-editing technology to develop genetically modified vegetable seeds with desirable traits, such as disease resistance, enhanced yield, reduced crop spoilage, etc., is positively influencing the global market. apart from this, the introduction of biotechnology tools to grow a wide array of vegetables with improved agronomic performance and adaptability to climatic conditions is also stimulating the market growth. Furthermore, they are healthy food options, which is anticipated to fuel the vegetable seed market over the forecasted period.
What Is Included in Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Open Pollinated Varieties
- Hybrid
Breakup by Crop Type:
- Solanaceae
- Root & Bulb
- Cucurbit
- Brassica
- leafy
- Others
Breakup by Cultivation Method:
- protected
- open field
Breakup by Seed Type:
- Conventional
- Genetically Modified Seeds
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- American Takii Inc.
- BASF SE
- Bayer CropScience AG
- Bejo Zaden BV
- East West Seed
- Enza Zaden Beheer BV
- Groupe Limagrain
- Namdhari Seeds Pvt. Ltd.
- Rijk Zwaan Zaadteelt En Zaadhandel BV
- Sakata Seed Corporation
- Syngenta AG (Cnac Saturn (Nl) BV) and UPL Limited.
