PUBLISHER: The Business Research Company | PRODUCT CODE: 1414238
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414238
“Fruit and Vegetable 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 fruit and vegetable 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 fruit and vegetable seeds? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The fruit and vegetable 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.
Fruit and vegetable seeds are the grains of a plant used for sowing, representing the fertilized and ripened ovule of a flowering plant with the potential to produce a new plant. These seeds are valuable for their nutrient-rich composition, aiding in disease prevention. Typically cultivated in gardens or truck farms, fruit and vegetable seeds contribute essential nutrients and are excellent sources of dietary fiber.
Various types of fruit and vegetable seeds include tomato, pepper, onion, cucumber, lettuce, melon, and carrot. A tomato, for instance, is an edible, usually large, pulpy berry with a characteristic red color. The seeds from fruits and vegetables such as tomatoes can be harvested for the cultivation of new plants. These seeds belong to different plant families, such as solanaceae, cucurbit, leafy, brassica, root and bulb, and others. Fruit and vegetable seeds are available in both organic and inorganic varieties.
The fruit and vegetable seeds market research report is one of a series of new reports from The Business Research Company that provides fruit and vegetable seeds market statistics, including fruit and vegetable seeds industry global market size, regional shares, competitors with a fruit and vegetable seeds market share, detailed fruit and vegetable seeds market segments, market trends and opportunities, and any further data you may need to thrive in the fruit and vegetable seeds industry. This fruit and vegetable 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 fruit and vegetable seeds market size has grown strongly in recent years. It will grow from $8.62 billion in 2023 to $9.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period can be ascribed to factors such as population growth, shifts in dietary patterns, the globalization of agriculture, climate variability, and government policies.
The fruit and vegetable seeds market size is expected to see strong growth in the next few years. It will grow to $12.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be associated with factors such as the adoption of sustainable agriculture practices, the influence of health and wellness trends, adaptation to climate change, urbanization, and the emergence of vertical farming. Noteworthy trends expected in the forecast period encompass advancements in biotechnology, increasing demand for organic and non-GMO products, the development of climate-resilient varieties, the application of digital agriculture and precision farming, and challenges in the global supply chain.
The growth of the fruit and vegetable seeds market is expected to be propelled by an increasing demand for fresh fruits and vegetables. Fresh fruits and vegetables refer to produce that has not been preserved and is recently harvested. Fruit and vegetable seeds contain the embryos that grow into the fresh produce obtained from fields and farms. The rising demand for fresh fruits and vegetables leads to an increased need for fruit and vegetable seeds. For example, data from the Centre for the Promotion of Imports from Developing Countries (CBI) indicates that the value of fresh fruit and vegetable imports is growing by 2% to 6% annually, reaching €17 billion ($18.65 billion) in 2021. Additionally, India, as reported by the India Brand Equity Foundation in October 2022, exported fresh fruits and vegetables worth US$ 1.527.60 million, with total fresh produce exports reaching $498 million. Consequently, the surging demand for fresh fruits and vegetables is a driving force behind the growth of the fruit and vegetable seeds market.
The anticipated growth in the fruit and vegetable seeds market is also attributed to an increasing demand for organic food products. Organic food products are those that adhere to organic farming principles in their production and processing. The utilization of fruit and vegetable seeds in organic food production supports genetic diversity in crops, promotes sustainable agriculture, ensures chemical-free cultivation, enhances soil health, increases nutrient content, and minimizes environmental impact. Notably, the Organic Trade Associations (OTA) reported in May 2023 that sales of organic food in the US surpassed $60 billion in 2022, marking a significant milestone. Thus, the rising demand for organic food products contributes to the growth of the fruit and vegetable seeds market.
Technological advancements stand out as a key trend in the fruit and vegetable seeds market, with major players actively pursuing the introduction of innovative technologies to enhance their market positions. For example, in March 2023, Corteva Agriscience, a US-based agriculture and seed company, unveiled a novel plant breeding innovation designed to combat corn disease. This innovation leverages cutting-edge gene editing technology to provide an additional layer of protection for hybrid corn, safeguarding it against diseases. This represents a pioneering approach to plant breeding.
Leading companies in the fruit and vegetable seeds market are directing their efforts towards innovative platforms to drive market revenues. An innovative training platform typically refers to a technologically advanced system designed for interactive and effective delivery of educational content, skill development, or learning experiences. In August 2021, Bayer AG, a Germany-based pharmaceutical and life sciences company, introduced "Vegetables By Bayer," a platform reflecting Bayer's commitment to delivering value across all stages for producers, partners, customers, and the environment. This platform integrates top-tier professionals and resources from Bayer to provide creative and sustainable solutions for the fruit and vegetable seeds market. "Vegetables by Bayer" combines two reputable brands, Seminis and De Ruiter, under a unified goal.
In January 2022, Nirit Seeds, an Israel-based agri-tech company, merged with TomaTech in a $60 million deal. The merger focuses on specializing in breeding vegetable seeds, primarily centered on tomatoes. This strategic alliance enhances both companies by providing new research and development capabilities, a strengthened workforce, and more diverse marketing channels. TomaTech is an Israel-based seed breeding company.
Major companies operating in the fruit and vegetable seeds market report are BASF SE, Bayer AG, Syngenta Group, KWS SAAT SE & Co., Corteva Inc., Sakata Seed Corporation, Groupe Limagrain, Takii & Co Ltd., United Phosphorus Limited, DLF Seeds A/S, Mayo Seed Co., Longping Hitech, Enza Zaden, Financial Neural Computing Corporation, Vikima Seeds A/S, Groupe Limagrain, Bejo Zaden B.V., Rijk Zwaan Zaadteelt en Zaadhandel B.V., East-West Seed, Vilmorin & Cie, ADAMA Ltd., Tropical Seeds BV, HaZera Seeds Ltd., Harris Moran Seed Company, NongWoo Bio Co. Ltd., Johnny's Selected Seeds, Stokes Seeds
Europe was the largest region in the fruit and vegetable seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global fruit and vegetable seeds market report during the forecast period. The regions covered in the fruit and vegetable seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the fruit and vegetable seeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The fruit and vegetable seeds market consists of sales of cabbage seeds, cauliflower seeds, and Kentucky bluegrass 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.