Organic Seed Market to observe astonishing growth via Natural & Organic Products over 2024 | Johnny's Selected Seeds, Seed Savers Exchange, Rijk Zwaan, Territorial Seed Co, Renee's Garden
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Organic Seed Market is estimated to surpass USD 5.4 billion by 2024. Increasing natural food consumption due to change in consumer preferences has enhanced industry growth. Growing awareness among people regarding health benefits will drive the organic seed market. Natural and organic products have been primarily introduced to overcome bigger challenges including preservation of agricultural biodiversity, plant genetic diversity and crop production run by high-input of chemical systems which are toxic to nature and humans. It also addresses genetic vulnerability in crops and seeds grown, deficiencies of nutritional values in food supply and economic and social injustice faced by plant breeders, farmers and societies they feed.
Non-synthetic food products have better taste, higher antioxidant characteristics and more nutritional value. Upsurge of food & beverage industry due to changing consumer buying behavior especially in U.S., China, Germany, India, Malaysia and Indonesia will fuel the organic seed market demand.
organic foods are a smart priority and an effectual choice for healthy lifestyle. This has significantly uplifted the organic seed market demand in fruits & nuts, oil, crops, vegetables, and other vegetation. With an estimation of more than 33% of the overall revenue by 2024, vegetable is set to lead the overall organic seed industry. Easy digestion and high nutrition value of organically grown green leafy & cruciferous vegetables have raised the valuation of organic seed market in this sector. Shift from chemicals and genetically modified crops to naturally sourced crops have provided a considerable traction to the organic seed market pertaining to crops. As per estimates, organic crop market is expected to record an annual growth rate of 11% over the period of 2016-2024.
Retailers is estimated to foreseen highest growth rate over 13.5% by 2024. Wholesalers buy seeds from farmers in huge quantities, stock in warehouses and resell them to retailers. Organic seed distribution from wholesalers will generate revenue over USD 3 billion by 2024.
Upsurge in demand for non-synthetic foods & beverages particularly in the emerging countries coupled owing to increased disposable income has improvised distribution channel. Government involvement in supply chain system through various organizations, association, cooperatives and agencies will encourage organic seed market growth.
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U.S. organic seed market for crops was worth more than USD 460 million in 2015. Favorable government regulations for non-synthetic farming and consumer awareness pertaining to health effects will drive the regional demand.
Shifting trends for consuming natural foods particularly in APAC is supporting product growth. Advanced farming technology with better supply chain management in Germany, France, UK and Italy will favor the overall Europe product market growth.
Global organic seed market share is highly competitive in nature due to presence of various local and regional manufacturers. Some of the key industry participants are Southern Exposure Seed Exchange, Wild Garden, Johnny’s Selected, Fedco, Rijk Zwaan, Seed Saver Exchange, De Bolster, HILD Samen, Vitalis, High Mowing and Fleuren. Other manufactures include, Wild Garden Seed, Mass Plant, Fleuren, Territorial Company, Baker Creek Heirloom, Arnica Kwekerij, and Renee’s Garden.
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