Vegetable Seed Market Size, Share, Growth, Trends & Report 2023-2028
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 Vegetable Seed?
Vegetable seed refers to embryonic plants that form a vital component for any commercial or home vegetable garden. Some of the common product types include open-pollinated, conventional, genetically modified, and hybrid. These vegetable seed variants are derived from various sources, including tomato, melon, eggplant, cabbage, lettuce, onion, sweet pepper, okra, sweetcorn, sweet pepper, hot pepper, etc. They contain large amounts of starch, proteins, and other essential nutrients and are the most efficient means to propagate vegetables and crops. Consequently, vegetable seed products are in extensive demand across the globe.
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What are the growth prospects and trends in the Vegetable Seed industry?
The expanding food and beverage (F&B) industry across the globe and the shifting consumer preferences toward foods with nourishing characteristics and health advantages are among the key factors driving the vegetable seed companies. Moreover, the introduction of organic seeds produced utilizing bio-fertilizers, organic manure, and biopesticides to ensure environmental sustainability is acting as another significant growth-inducing factor. Apart from this, the growing employment of gene-editing technology to produce genetically modified vegetable seeds that impart advantageous traits such as improved yield, disease resistance, and reduced risk of crop spoilage is also positively impacting the market growth. Additionally, the elevating utilization of biotechnology tools to grow a variety of vegetables with enhanced agronomic performance and adaptability to climatic conditions is further catalyzing the global market. Besides this, the emerging trend of using hybrid vegetable seeds in snacks and ready-to-eat (RTE) food items to offer higher nutritional value and multiple health benefits are anticipated to bolster the vegetable seed companies 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 B.V.
- Groupe Limagrain
- Namdhari Seeds Pvt. Ltd.
- Rijk Zwaan Zaadteelt En Zaadhandel BV
- Sakata Seed Corporation
- Syngenta AG (Cnac Saturn (Nl) B.V.) and UPL Limited.
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