Vegetable Seeds Market Overview
Vegetable seed is an embryonic plant which is enclosed in a protective outer covering. A seed is the product of the ripened ovule, after fertilization by pollen and some growth within the mother plant. These are used for the commercial production of vegetables.
Agriculture is an indispensable part of the human race and seed is a vital part of agriculture. Vegetable seed is the fastest growing category in the overall seeds market. At present, in the vegetable seeds market, there is disorderly competition and other issues which would get solved with time. World population is 7.7 billion and it is growing at 1.07% per year which is increasing the growth prospects of the vegetable seeds, as the population increases the rate of consumption will also increase. The vegetable seeds market is a growing market due to the increasing awareness about the contribution of vegetables in a healthy diet.
Market Size and Forecast
With the rise in the world population, there is a rise in the demand for vegetables as they are one of the major sources of nutrients. Rise in the world population is expected to boost the growth of the vegetable seeds market. Increasing awareness regarding the consumption of vegetables, to meet dietary and nutritional needs has caused a rise in demand for vegetables. Shift in eating habits is expected to boost the growth of the market. The major players in the vegetable seed market are merging with and acquiring other players of the market to gain the competitive edge in the market. Besides this, the companies are also doing collaborative projects with their competitor companies.
The vegetable seeds market is anticipated to record a CAGR of around 10% during the forecast period i.e. 2019-2027. The market is segmented by type & application. By type, the solanaceae segment is anticipated to have leading growth on account of being the largest group of vegetable seeds that consists of tomato, pepper and eggplant.
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Growth Drivers
Rising population
With the rise in the world population, there is a rise in the demand for vegetables as they are one of the major sources of nutrients. Rise in the world population is expected to boost the growth of the vegetable seeds market.
Expanding population adopting farming
It has been observed that there is a rise in the number of people adopting farming activities. The rise in the farming population is expected to boost the growth of the vegetable seeds market.
Wide application of vegetables across various segments of food industries
Wide application of vegetables across various segments of food industries such as food processing, food service, baking and others is increasing the demand for vegetables across the world. Wide application of vegetables across various segments of food industries is expected to boost the market growth.
Shift in eating habits
Increasing awareness regarding the consumption of vegetables, to meet dietary and nutritional needs has caused a rise in demand for vegetables. Shift in eating habits is expected to boost the growth of the market.
Restraints
Perishable nature of seeds
The seeds are perishable in nature i.e. they have a short life and cannot be stored for long period of time which will hamper the growth of the vegetable seeds market.
Presence of spurious seeds
Spurious seeds are the seeds that look like the original one but are not of the same origin or development and do not perform same function. Presence of spurious seeds will hinder the growth of the vegetable seeds market.
Segmentation
Our in-depth analysis of the vegetable seeds market includes the following segments:
By Type
- Solanaceae
- Cucurbit
- Root & Bulb
- Brassica
- Leafy
- Other
By Application
- Farmland
- Greenhouse
- Others
By Region
On the basis of regional analysis, the vegetable seeds market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America is expected to lead the market on the back of presence of the top 10 players in this region such as Monsanto, Syngenta, Bayer Crop Science, Limagrain etc. Asia- Pacific is expected to show significant growth on the back of volume of seeds produced where China and India are the major contributors. Europe is expected to show significant growth on the back of its R & D expenditure for production of vegetable seeds.
On the basis of regional analysis, the vegetable seeds market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The vegetable seeds market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating the Market
- Monsanto
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Syngenta International AG
- Limagrain
- Bayer Crop Science
- Bejo
- Rijk Zwaan
- Sakata
- Takii
- Horticulture Seeds
- Huasheng Seed
