Africa Vegetable Seeds Market - 2024-2031

Africa Vegetable Seeds Market - 2024-2031

The Africa vegetable seeds market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.

Vegetable seeds are the reproductive parts of the vegetable plant that contain the genetic material necessary for the growth of development of new plants. These seeds are used by gardeners, farmers and agricultural producers to cultivate a variety of vegetables. Vegetable seeds come in different shapes, sizes, and types each adoptoped to grow into a certain vegetable.

The rising demand for hybrid vegetable seeds and the extension of cultivating land are boosting the Africa vegetable seed market size. Additionally, the widespread use of biotechnology techniques to cultivate a variety of vegetables with increased agronomic performance and resilience to climatic circumstances is exected to promote the market growth. Significantly players like Shalom Agriculture, Bayer AG, Syngenta, and others are actively operating in the market.

Market Dynamics: Drivers

Rising government initatives for agriculture production

Governments adopt agricultural policies and plans to guide the sector's development. These policies frequently seek to promote sustainable agriculture, increase productivity, improve market access, and assist smallholder farmers. Governments also participate in long-term planning to properly distribute resources and investments. Governments use various mechanisms to provide financial assistance to the agriculture sector. This includes direct assistance for agricultural research and development, input subsidies such as seeds, fertilisers, and machinery, farmer credit and loans, and insurance programmes to offset agricultural threats.

For instance, on August 16, 2022, The African Agricultural Transformation Initiative (AATI) aims to make strategic agricultural interventions a reality. According to the African Agricultural Transformation Initiative, as current crises and disruptions in food networks highlight most African countries' reliance on food imports, it has become critically important to transform the agriculture sector in order to lift vulnerable rural people out of poverty and hunger. AATI, which has a US$19.6 million budget through 2025, is dedicated to promoting African sustainable development by bridging the gap between the creation of strategic agricultural initiatives and their successful implementation at the grassroots level. As a result, the aforementioned factors contribute to market expansion.

Moreover, rising demand for fresh organic vegetables is encouraging farmers to engage in organic farming organic farming is gaining popularity in Africa as more farmers and stakeholders recognise the benefits of organic farming for sustainable agriculture, environmental conservation, and human health.

Restraints

Smallholder farmers in many parts of Africa confront difficulties in obtaining high-quality vegetable seeds. Farmers' capacity to adopt improved varieties might be hampered by limited availability, price, and geographical distribution of quality seeds, resulting in lower yields and lower productivity.

Farmers may face difficulties due to a lack of awareness and information about the need of using quality seeds, effective seed selection, and seed-saving practises. Inadequate seed-related training and extension services might limit farmers' capacity to make informed decisions about seed selection, storage, and management.

Segment Analysis

The Africa vegetable seeds market is segmented based on form, trait, crop type, distribution channel and country.

The genetically modified in the trait segment accounted for approximately 65.30% of the Africa vegetable seeds market share.

Genetically modified (GM) seeds have received mixed reactions and adoption throughout Africa. While some governments have embraced genetically modified organisms (GMOs), others have been more cautious, if not outright outlawed their usage. Genetically modified crops with built-in insect resistance can reduce the need for chemical pesticides, benefiting both farmers and the environment. In areas where particular pests are common, genetically modified seeds can provide an efficient and long-term pest management option.

The strategies by the companies helps in the growth of this segment. For instance, on March 03, 2023, GDM, an Argentina-based plant genetics company, plans to offer 13 genetically modified (GM) soy plant varieties in South Africa, according to Agriculture News SA. According to Thiago Schwonka, GDM's Africa, Asia, and Europe business leader, the company has applied for registration and expects to pre-launch three of the 13 kinds this year in order to strengthen its South African business and prepare incursions around the area. As a result, the aforementioned elements contribute to segment growth.

Geographical Analysis

Nigeria is expected to dominate the market with a 24.3% share in the Africa vegetable seeds market

Nigeria is expected to dominate the Africa vegetable seeds market due to combination of favourable climatic and soil conditions, a large agricultural workforce and supportive government initiatives. The country has diverse climatic zones and its fertile soils create ideal conditions for growing wide range of vegetables. According to Food and Agriculture Organization, over 70% of the Nigerian population involve in the agriculture sector.

Moreover, the government of Nigeria has implemented several initiatives and programmes to address the situation including the Agriculture Promotion Policy (APP), Nigeria–Africa Trade and Investment Promotion Programme, Presidential Economic Diversification Initiative, Economic and Export Promotion Incentives and the Zero Reject Initiative, Reducing Emission from Deforestation and Forest Degradation (REDD+); Nigeria Erosion and Watershed Management Project (NEWMAP); Action Against Desertification (AAD) Programme, among others. All these efforts aim to increase agricultural productivity in order to provide sufficient quantities of food to meet domestic demand as well as an abundance of commodity crops for export in the international market.

Moreover, Nigeria stood top among the other African countries in the vegetable production. As per the Food and Agriculture Organization statistics, Nigeria has produced nearly 106 million tonnes of vegetables in 2022. Below is the list of top countries in Africa producing vegetables.

Covid-19 Analysis

Lockdowns, travel restrictions, and transportation interruptions caused by Covid-19 have hampered the transfer of products, especially vegetable seeds. Cross-border trade restrictions and restricted availability of international transportation have hampered the timely supply of seeds to farmers. This has resulted in seed distribution delays, potentially delaying planting and limiting farmers' access to seeds.

Governments, agricultural organisations, and seed firms have made efforts to offset the impact of COVID-19 on the vegetable seed business. However, depending on the intensity of the epidemic, response efforts, and existing agricultural infrastructure, the overall impact of the pandemic on vegetable seeds in Africa will vary among countries and areas.

However, due to the rising demand for organic food during the pandemic, the demand for organic vegetables has risen drastically, also the domestic production of vegetables has got limelight in the pandemic period.

Market Segmentation

By Form
• Organic
• Hybrid

By Trait
• Genetically Modified
• Non-Genetically Modified

By Crop Type
• Stem Vegetables
• Leafy Vegetables
• Stalk or Bulb Vegetables
• Seed Vegetables
• Root Vegetables
• Tuber Vegetables
• Others

By Distribution Channel
• Offline
Wholesale
Retail
• Online

By Country
• Nigeria
• Egypt
• South Africa
• Kenya
• Morocco
• Ethiopia
• Uganda
• Tanzania
• Rest of Africa

Competitive Landscape

The major players in the vegetable seeds market include Syngenta AG, Shalom Agriculture, Bayer AG, East-West Seed International Co. Ltd, Monsanto Company, Kenya Seed Company Ltd, Zambia Seed Company Limited, Kenya Highland Seed, Hygrotech, and Seed Co Limited among others.

Why Purchase the Report??
• To visualize the Africa vegetable seeds market segmentation based on form, trait, crop type, distribution channel and country as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development
• Excel data sheet with numerous data points of vegetable seeds market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The Africa vegetable seeds market report would provide approximately 42 tables, 32 figures, and 187 Pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies