The global Vegetable Seeds market size was USD 8.6 billion in 2021 and is estimated to grow to about USD 14.5 billion by the end of 2028 with a CAGR of 10.35%
The study looks at the variables influencing the global market for vegetable seeds over the course of the projected period, both positively and negatively. In the report, potential commercial opportunities in the vegetable seed industry are also examined.
Vegetable Seeds Market: Overview
The global market for vegetable seeds was relatively large in 2020, and the market is predicted to rise gradually over the forecast period. Rising per capita income, increased R&D activities to develop a variety of technologically advanced seeds with improved disease and pest resistance, adaptability to changing climatic conditions, improved agronomic performance, and rising consumer awareness of the health benefits of hybrid seeds are a few major factors influencing market revenue growth in the future.
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The world’s food demand is being driven by an aging population, and vegetable seeds are the most basic and crucial source. Agriculture has grown rapidly in recent years and is predicted to develop more during the projection period. Several companies are investing in research and development to provide technologically upgraded seeds that are disease resistant, provide better nutrients, and sustain high yields. Increasing public awareness of the health benefits of using organic seeds, as well as encouraging government actions to promote the use of hybrid seeds, all contribute to the expansion of the vegetable seed market.
A seed is an embryonic plant with an internal food reserve and an exterior shell. The development of seeds signifies reproduction in plants that generate seeds. Vegetable seeds are crop seeds or embryos that can be cultivated in farms or gardens and sold in the market as herbs or vegetable seeds. Beans, peas, cabbage, carrots, peppers, and other legumes are examples of vegetable seeds. Because they require fewer resources to produce, vegetable seeds are gaining favour on the global market.
The Asia-Pacific vegetable seeds market is expected to earn the highest revenue share over the forecast period when compared to other regional markets. This is due to a variety of factors, including the presence of a substantial population in countries such as China and India, the growth of horticulture crop production area, an increase in vegetable consumption, and increased public knowledge of the health benefits of vegetable eating.
Market Segmentation for Vegetable Seeds
Vegetable seeds are classified into four types: form, kind, attributes, crop kind, growth method, and region.
There are two sorts of hybrids on the market: open-pollinated and hybrids. The open-pollinated segment presently dominates the global market due to the variety supplied by the seed. Yet, if research efforts are increased, hybrid seeds could yield significant revenue. By 2026, the hybrid seed market is anticipated to be worth USD 62.3 billion.
The global market is divided into organic and inorganic sectors based on form. The organic category is expected to grow significantly over the forecast period due to the growing trend of organic food culture. It is expected that by 2028, it is anticipated that the global organic food market would grow at a CAGR of 13.9%, reaching USD 437 billion.
Vegetable Seeds Market: Competitive Analysis
The global vegetable seed market is dominated by players like Bayer CropScience Ltd, Takii Co., Ltd, Enza Zaden, Rijk Zwaan Zaadteelt en Zaadhandel B.V, Mahyco Private Limited, K Agri Genetics Limited, East-West Seed Company Ltd, Bejo Zaden BV, VNR Seeds, and Syngenta AG
The global vegetable seed market is segmented as follows:
By Crop Type
Roots And Bulb
By Cultivation Method
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