Farmers’ Interest Towards Sweet Corn Cultivation Has Augmented The Demand For Sweet Corn Seeds Market
The rising consumption of sweet corn over the past few years has shifted farmers’ interest towards sweet corn cultivation. This has augmented the demand for sweet corn seeds.
Thailand is one of the prominent exporters of the canned sweet corn, which exports more than 0.7 Mn Tons of sweet corn to Japan, South Korea and Taiwan every year.
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Moreover, East Asia is a one of the major producers of field corn where majority of field corn is used in animal feed. China is a prominent consumer of sweet corn, and accounts for more than two third share of East Asia sweet corn seeds market.
China is one of the prominent consumers of processed sweet corn along with sweet corn based products such as sweet corn flour and sweet corn candy, which has resulted in an increased demand of sweet corn seeds since the past few years.
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Sweet Corn Seeds Market: Segmentation
Hybrid Certified Seeds
Open Pollinated Certified Seeds
Farm Saved Seeds
Online Retail Channels
South Asia & Oceania
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Tier 1 Companies to Contribute Two Third Market Share of Global Sweet Corn Seeds Market
The major companies in the sweet corn seeds market such as Syngenta AG, Bayer AG, Corteva, Inc. and Vilmorin & Cie etc are front runners in the sweet corn seeds market. These players are planning to tap into the unharnessed potential in emerging markets and escalate their production capacities to maintain increasing supply of sweet corn seeds in new geographies.
The market leaders are maintaining strong position owing to strong Internationalization of companies through acquisition and set up of subsidiaries across the globe.
For instance, Vilmorin & Cie has subsidiaries in more than 48 countries and has its global footprint in around 150 countries. The company has recorded 40% sales from United States, China, Brazil, India, Mexico etc. which helps the company to become a major contributor to the global sweet corn seeds market revenue.
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Emerging Countries to Hold Notable Share by End of 2029
There is a consistent demand of sweet corn seeds in developed countries. However emerging economies consumption of sweet corn has increased owing to the increased spending on instant food such as noodles, soups etc.
This trend is seen in consumer driven markets such as China, India, Mexico and Brazil etc. East Asia, South Asia and Latin America are projected to hold around half of the market share by end of 2029. These three regions are projected to grow with higher CAGR than that of global sweet corn seeds market.
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