The global fruit & vegetable seeds market is a thriving industry that encompasses the production, distribution, and sale of seeds used for growing various types of fruit and vegetable crops. These seeds play a crucial role in producing fresh and nutritious food, and their demand has been increasing in recent years due to the growing focus on healthy eating and sustainable agriculture. Factors driving the growth of the market include increasing population, urbanization, and greater consumer awareness about the health benefits of consuming fresh fruits and vegetables. In addition, advancements in seed technology and research have led to the development of new and improved seed varieties, which is also expected to drive growth in the market. In conclusion, the fruit and vegetable seeds market is set for robust growth in the coming years, driven by increasing consumer demand for fresh and healthy produce and advances in seed technology.
The global fruit and vegetable seeds market is anticipated to be worth $9.8 billion in 2020 and $14.4 billion by 2025, with an 8.2% CAGR from 2020 to 2025.
The fruit and vegetable seeds market is a crucial component of the global agriculture industry. It encompasses the production, distribution, and sale of seeds for various fruits and vegetables. Key factors influencing this market include:
Increasing Demand for Healthy Food:
- As consumers become more health-conscious, there is a growing demand for fruits and vegetables, driving the need for high-quality seeds that can yield nutritious produce.
Technological Advancements:
- Advancements in seed technology, including genetic modification and hybridization, contribute to the development of seeds with improved yield, resistance to pests and diseases, and other desirable traits.
Global Population Growth:
- The world's population is continually increasing, leading to higher food demand. This trend puts pressure on the agriculture sector to enhance productivity, and high-quality seeds play a crucial role in achieving this goal.
Climate Change and Environmental Concerns:
- Climate change poses challenges to agriculture, affecting crop yields and patterns. Seed companies are investing in research and development to create seeds that can withstand changing climatic conditions.
Government Regulations:
- Regulations surrounding seed production, distribution, and use vary across countries. Compliance with these regulations is essential for companies operating in the fruit and vegetable seeds market.
Market Consolidation:
- The industry has seen some consolidation, with a few major companies dominating the market. This consolidation may impact competition and market dynamics.
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Market Driver: Increase in seed replacement ratio
Seeds act as the foundation for the progress of the food chain and play a significant role in the sustainability of the agri-food system. Farmers across the globe have been gradually shifting from traditional farming methods to gain higher yield and profit from the restricted resource availability, commercial seeds being one of the major trends in the industry. According to a report published by Syngenta, one of the leading players in the commercial seeds industry, the global seeds market has grown almost by 90% since 2000.
The seed replacement rate is defined as the percentage of new seeds procured for production to the total number of seeds used. As mentioned, traditionally, the focus was on production through farm-saved seeds only. However, as the benefits and value enhancement potential of seeds procured from specialized channels became increasingly clear, the resultant rise in the demand for seeds through such channels presents a huge opportunity.
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The genetically modified segment of the fruit & vegetable seeds market is projected to have the highest CAGR during the forecast period
According to the International Service for the Acquisition of Agri-Biotech Applications (ISAAA), the approved list of GM fruit & vegetable seeds includes beans, eggplant, melons, potatoes, and tomatoes. Experts state that extensive research trials are being conducted for GM varieties of vegetable seeds; however, the adoption rate is not significant. The number of vegetables and fruits approved for GM is also significantly lower than cereals & grains and oilseeds & pulses, which have a higher prevalence of GM seeds. The benefits of the adoption of GM seeds are becoming popular among the farmers, due to which the market for it is projected to grow at a higher rate during the forecast period.
Asia Pacific is the fastest-growing market during the forecast period in the global fruit & vegetable seeds market
Asia Pacific is projected to account for the largest market size during the forecast period, owing to the large-scale production of major vegetables such as tomatoes, potatoes, eggplants, and melons in countries such as China, India, South Korea, and Japan, among others.
Prominent firms featured
BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Corteva Agriscience (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Takii & Co Ltd (Japan), UPL (Advanta Seeds) (India), DLF (Denmark), Mahyo (India), Longping Hitech (China), Enza Zaden (Netherlands), FMC Corporation (US), Vikima Seeds (Denmark), East-West Seeds (Thailand)
