Vegetable Seed Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Vegetable Seed Market
The Vegetable Seed market size was valued at USD 8.14 billion in 2023, and the market is now projected to grow from USD 8.69 billion in 2024 to USD 15.03 billion by 2032, exhibiting a CAGR of 6.78% during the forecast period of 2023-2030.
The COVID-19 pandemic triggered a massive disruption in the vegetable seed industry's deliver chain. The growing range of sufferers and the speedy unfold of the virus brought on governments throughout the globe to enforce numerous policies. These guidelines, such as lockdowns and others, had been designed to limit the spread of the virus. Vegetables were considered as critical and had been exempted from authorities restrictions.
The inclusion of vegetables within the weight loss plan facilitates to combat malnutrition and diversify the weight loss plan. Dietary diversification allows to balance the weight loss plan via improving the deliver of critical micronutrients that cause advanced health, greater questioning ability, and improved efficiency. Moreover, the nutritional richness of vegetables ensures a low-cost treatment for dietary deficiency in lots of growing countries. Thus, the growing demand for veggies global increases the need for stepped forward vegetable production, thereby assisting the increase of the enterprise. This outcomes in Vegetable Seed market growth.
A upward thrust in consciousness regarding the benefits of greens and the growing fitness concerns have resulted in the increasing call for for vegetables in developed and growing economies. Thus, growers across the world are specializing in growing the production of vegetables by means of the usage of diverse agriculture inputs, inclusive of excellent first-rate vegetable planting seeds.
Comprehensive Analysis of Vegetable Seed Market
The Vegetable Seed market is rising at an exponential charge due to its marketplace segmentation. This marketplace enlargement successfully gives a detailed local checks considering the dominant supply and demand forces that impact the enterprise. Based on type, this market is divided into open-pollinated and hybrid seeds. Based on crop type, the market is divided into root & bulb, leafy, cucurbit, brassica, solanaceae, and others. Based on cultivation method, the market is divided into open field and protected.
Asia- Pacific has the largest Vegetable Seed market share. The growing agriculture industry, growing attention concerning the fitness advantages of veggies, and increasing place underneath horticultural crops are the primary elements riding the marketplace on this place. China and India are the important thing countries within the area that document high vegetable manufacturing and intake. Moreover, China is a leading market within the global and those factors would assist the dominance of the location within the global marketplace.
The top players in the market play a crucial role in the Vegetable Seed industry assuring industrial prospectus growth and setting market standards. These players include, East-West Seed (Nothaburi, Thailand), BASF SE (Ludwigshafen, Germany), Groupe Limagrain (Saint-Beauzire, France), Bayer AG (Leverkusen, Germany), Sakata Seed Corporation (Kanagawa, Japan), Takii & Co., Ltd (Kyoto, Japan), Syngenta AG (Basel, Switzerland), Enza Zaden BV (Enkhuizen, Netherlands), Rijk Zwaan Zaadteelt en Zaadhandel B.V (De Lier, Netherlands), and Bejo Zaden B.V. (WARMENHUIZEN, Netherlands).
In July 2023, Syngenta, one of the distinguished gamers inside the agriculture inputs industry, introduced the acquisition of Feltrin Sementes, a vegetable seed agency primarily based in Brazil. The move might help enlarge the variety of products that the organization can provide throughout the globe.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.78% over 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Open Pollinated Varieties
Hybrid
By Crop Type
Solanaceae
Root & Bulb
Cucurbit
Brassica
Leafy
Others
By Cultivation Method
Protected
Open Field
By Geography
North America (By Type, Crop Type, Cultivation Method, and Country)
U.S. (By Crop Type)
Canada (By Crop Type)
Mexico (By Crop Type)
Europe (By Type, Crop Type, Cultivation Method, and Country)
France (By Crop Type)
Germany (By Crop Type)
Spain (By Crop Type)
Italy (By Crop Type)
Netherlands (By Crop Type)
Rest of Europe (By Crop Type)
Asia Pacific (By Type, Crop Type, Cultivation Method, and Country)
China (By Crop Type)
India (By Crop Type)
Japan (By Crop Type)
Australia (By Crop Type)
Rest of Asia Pacific (By Crop Type)
South America (By Type, Crop Type, Cultivation Method, and Country)
Brazil (By Crop Type)
Argentina (By Crop Type)
Rest of South America (By Crop Type)
Middle East and Africa (By Type, Crop Type, Cultivation Method, and Country)
South Africa (By Crop Type)
UAE (By Crop Type)
Rest of the Middle East & Africa (By Crop Type)