Organic Seed Market Size, Share & Trends Analysis Report By Product (Vegetable Seed, Field Crop Seed, Fruits And Nuts, Other Vegetation), By Region, And Segment Forecasts, 2023 - 2030

Organic Seed Market Size, Share & Trends Analysis Report By Product (Vegetable Seed, Field Crop Seed, Fruits And Nuts, Other Vegetation), By Region, And Segment Forecasts, 2023 - 2030

Organic Seed Market Growth & Trends

The global organic seed market size is expected to reach USD 9.79 billion by 2030, registering a CAGR of 14.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing health consciousness and environmental awareness have resulted in shift in consumer preferences towards organic food. Such trends are projected to complement the organic seed market in the near future. Organic food products are devoid of any chemical exposure and are thus healthier than their conventional counterparts. Rising disposable income and increasing market penetration are key factors that are expected to aid the organic seed market particularly in the emerging markets of Asia Pacific and Central & South America.

High organic seed cost is anticipated to act as a major deterrent for market growth and development. Lack of awareness, high demand-supply imbalance and lower awareness regarding organic food products are some other challenges faced by market participants. Unavailability of high quality and certified organic seeds is another prominent factor that is anticipated to negatively impact the regional as well as global market over the next seven years. Technological advancements, better value chain management and wide distribution network are a few areas which offer ample growth opportunities to the industry participants over the forecast period.

Organic Seed Market Report Highlights

• The vegetable seed segment accounted for the largest revenue share of 32.1% in 2022 and is expected to expand at the fastest CAGR of 14.4% during the forecast period.
• North America dominated the organic seed market and accounted for the largest revenue share of 35.5% in 2022 due to high organic food demand in these regions. Asia Pacific is expected to expand at the fastest CAGR of 14.8% during the forecast period, owing to several prominent factors such as rising disposable income, growing health awareness, and favorable regulatory framework.
• The industry is segmented and is characterized by high industry rivalry owing to the presence of numerous industry participants. Region specific organic seed producers play a critical role across the value chain. There is considerable supply-demand gap which has arisen due to the brisk growth in demand for organic food products in the recent past.

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