Global Vegetable Seed Market to Reach US$ 8.6 Billion by 2032, Impelled by Significant Growth in Food and Beverage (F&B) Industry

April 14, 2023 | Agriculture

According to the latest report by IMARC Group, titled "Vegetable Seed Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032," the global vegetable seed market reached a value of US$ 6.1 Billion in 2023. Vegetable seed is an essential component for any home or commercial vegetable garden. A vegetable seed is a small package containing the genetic material to grow into a plant. When selecting a vegetable seed, it is essential to consider the plant's growth requirements, such as the amount of sunlight, water, and nutrients needed. Some of the other factors to consider include the climate and soil type of the area in which the seeds will be planted. Choosing seeds suitable for the growing conditions is important to ensure a successful harvest. Many vegetable seeds, including heirloom, hybrid, and genetically modified seeds, are available in the market. Heirloom seeds are open-pollinated, meaning they reproduce naturally and are not genetically modified. On the other hand, hybrid seeds are created by crossing two different plant varieties to produce offspring with specific desired characteristics. Genetically modified seeds have been genetically altered to produce plants with specific traits, such as pest resistance or increased yield. Vegetable seed is the foundation of any successful vegetable garden. 

Global Vegetable Seed Market Trends:

The global market is primarily driven by the increasing demand for vegetables. In line with this, the rising awareness regarding the benefits of a healthy diet is significantly contributing to the market growth. Furthermore, significant growth in the organic food industry is positively influencing the market. Apart from this, continual advancements in seed technologies, such as developing hybrid seeds, genetically modified seeds, and biotechnology, are creating a positive outlook for the market. Moreover, the key companies are actively involved in mergers and acquisitions, partnerships, and collaborations to expand their market presence and increase their product portfolio. Several players are investing heavily in research and development to create new and improved vegetable seeds. The escalating demand for convenient and healthy food options and rapid product usage in food processing are propelling the market. The food and beverage (F&B) industry is also experiencing significant growth worldwide, which is driving consumers to seek out foods with higher nutritional value and health benefits, leading to the widespread usage of vegetable seeds in meals and diets. The market is also benefiting from the introduction of organic vegetable seeds that are produced using environmentally-friendly methods, such as bio-fertilizers, biopesticides, and organic manure. The use of gene-editing technology to develop genetically modified vegetable seeds with desirable traits, such as disease resistance, increased yield, and reduced crop spoilage, is also offering numerous opportunities for market expansion. On account of the factors above, the market is anticipated to reach a value of US$ 8.6 Billion by 2032, exhibiting a CAGR of 3.7% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been categorized into open pollinated varieties and hybrid.
  • Based on the crop type, the market has been classified into Solanaceae, root & bulb, cucurbit, brassica, leafy, and others.
  • Based on the cultivation method, the market has been segmented into protected and open field.
  • Based on the seed type, the market has been categorized into conventional and genetically modified seeds.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include 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.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Crop Type, Cultivation Method, Seed Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
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Global Vegetable Seed Market to Reach US$ 8.6 Billion by 2032, Impelled by Significant Growth in Food and Beverage (F&B) Industry
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