PUBLISHER: The Business Research Company | PRODUCT CODE: 1392939
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392939
“Tomato Seeds Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on tomato seeds market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for tomato seeds? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The tomato seeds market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A tomato seed is the reproductive unit capable of germinating and producing a small, dormant tomato plant under favorable climatic conditions. Tomato seeds are rich in digesting fiber and amino acids, contributing to improved nutrient absorption, increased metabolism, and enhanced intestinal health.
The main types of tomato seeds include hybrid tomato seeds, open-pollinated, or heirloom tomato seeds. Hybrid tomato seeds are formed by combining genetic material from two different tomato varieties. Various technologies are employed for cultivating tomato seeds, including open field and protected cultivation, and they involve different plant types such as determinate and indeterminate. Tomato seeds are available in different sizes, including large tomato seeds and cherry tomato seeds, and are utilized in various applications, including farmland, greenhouse, and others.
The tomato seeds market research report is one of a series of new reports from The Business Research Company that provides tomato seeds market statistics, including tomato seeds industry global market size, regional shares, competitors with a tomato seeds market share, detailed tomato seeds market segments, market trends and opportunities, and any further data you may need to thrive in the tomato seeds industry. This tomato seeds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The tomato seeds market size has grown strongly in recent years. It will grow from $1. 31 billion in 2023 to $1. 41 billion in 2024 at a compound annual growth rate (CAGR) of 7. 9%. The growth observed in the historical period can be attributed to factors such as consumer demand, considerations of crop yield and quality, global agriculture trends, and the impact of climate change and environmental factors.
The tomato seeds market size is expected to see strong growth in the next few years. It will grow to $1. 95 billion in 2028 at a compound annual growth rate (CAGR) of 8. 4%. The anticipated growth in the forecast period can be attributed to population growth, evolving consumer preferences, urbanization, and the increased adoption of greenhouse cultivation. Additionally, global trade and market liberalization, as well as the focus on pest and disease management, contribute to this growth. Significant trends expected in this period include advancements in biotechnology, the expansion of organic and non-GMO segments, the rise of urban and controlled environment farming, the emphasis on biodiversity and heirloom varieties, the adoption of sustainable packaging and marketing practices, and the integration of digital agriculture technologies.
The growth of the tomato seeds market is propelled by the increasing demand for fresh vegetables. The rising need for fresh veggies, integral to many vegetarian dishes, directly correlates with a heightened demand for tomato seeds. According to the India-based newspaper Business Standard, India's horticulture production surged to 326. 58 metric tons in 2021, marking a 5. 81 metric tons increase from 2020. Additionally, vegetable production reached 193. 61 metric tons in 2021, a 2. 5% rise from 188. 91 metric tons in 2020. This escalating demand for fresh vegetables is anticipated to drive the growth of the tomato seeds market.
The growth of organic farming is expected to further boost the tomato seeds market. Organic farming emphasizes holistic and sustainable agricultural practices, prioritizing environmental stewardship and natural processes. Organic tomato seeds, being non-GMO and free from synthetic pesticides or fertilizers, align with organic agriculture principles. The European Commission reported that in 2021, organic farming covered approximately 15. 9 million hectares of agricultural land in the EU, equivalent to 9. 9% of the total utilized agricultural area. This substantial increase in organic farming is poised to drive the tomato seeds market.
Technological advancements are a noteworthy trend in the tomato seeds market, with key players focusing on developing technologically advanced products. Sanatech Seed, a Japan-based planting company, exemplified this trend by launching the 'Sicilian Rouge High GABA' tomato in March 2021. Utilizing CRISPR-Cas9 gene-editing technology, this tomato is rich in gamma-aminobutyric acid (GABA), believed to aid relaxation and lower blood pressure.
Major companies in the tomato seeds market are innovating new varieties to enhance their profitability. Hazera Genetics, a Netherlands-based seeds company, introduced Maggie, a new type of tomato with a firm body, rich aroma, and a perfect balance of sweetness and acidity. Launched in August 2022, Maggie yields compact, high-yield plants that are disease-resistant, maximizing growers' yield per hectare.
In March 2021, KWS SAAT SE & Co., a Germany-based agriculture company, acquired Geneplanta S. r. l for an undisclosed amount. This acquisition provides KWS access to high-performance genetic material, accelerating the development of its global tomato breeding programs. Geneplanta, based in Italy, specializes in breeding and distributing high-quality, high-yielding vegetable seed varieties.
Major companies operating in the in the tomato seeds market report are BASF SE, Bayer CropScience LP., Limagrain Holding SA, Rijk Zwaan Zaadteelt en Zaadhandel B. V., Syngenta AG, United Phosphorus Limited, East West Seeds India Private Limited, Namdhari Seeds Pvt. Ltd., Asia Seed Co. Ltd, Takii & Co. Ltd, Mahindra Agri Solutions Limited, Bejo Zaden B. V., Liaoning Dongya Agricultural Development Co. Ltd., E. I. du Pont de Nemours and Company., Sakata Seed Corporation, Enza Zaden Beheer B. V., Known-You Seed Co. Ltd., Groupe Roullier, Vilmorin & Cie SA, Johnny's Selected Seeds Inc., Harris Moran Seed Company, HM. CLAUSE, Barenbrug Holding B. V., Tozer Seeds Europe Ltd., E. W. Gaze Seeds Co. Ltd., Seed Co Limited, BHN Seed Inc., Tomato Breeders Supply Company Inc., Suba Seeds Company Spa, Western Seed Company, Rispens Seeds
North America was the largest region in the tomato seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tomato seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the tomato seeds market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The tomato seeds market consists of sales of hybrid tomato seeds, long duration and short duration hybrid tomato seeds, heat tolerant and virus tolerant seeds. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.