Tomato Seeds Market Report: Industry Size, Share, Trends, Analysis, and Forecast By 2024-2031 | BASF SE, Groupe Limagrain, Syngenta AG

The global tomato seeds market was valued at US$ 1,224.2 Million in 2022, and is expected to register a CAGR of 7.30% and is anticipated to reach at US$ 2,150.4 Million in terms of revenue over the forecast period (2023- 2030).

Market Overview

The tomato seeds market is estimated to witness high growth owing to increasing tomato cultivation.

The Tomato Seeds Market is estimated for 2023 for the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Tomato seeds are used for commercial tomato cultivation. Tomato is one of the most widely consumed vegetables across the world. Tomato seeds are used to grow tomato crops for both fresh consumption and processing purposes.

Market Dynamics:

The growth of the tomato seeds market is driven by the increasing demand for tomatoes from the processed food industry. Tomatoes are used across various food items like sauces, ketchup, soups, etc. Moreover, the rising health consciousness among consumers is also fueling the demand for tomatoes due to their high nutrient profile. Tomatoes are a rich source of vitamin C and antioxidants which help in maintaining heart health. This is positively impacting the adoption of tomato seeds from farmers. The increasing agricultural activities from developing nations are further expected to support the market growth over the forecast period.

Get Sample Report with Global Industry Analysis @ https://www.coherentmarketinsights.com/insight/request-sample/1229

Two Major Market Drivers for the Tomato Seeds Market

Growing Demand for Fresh and Healthy Tomatoes Worldwide

The global demand for fresh tomatoes is increasing rapidly mainly due to rising health consciousness among consumers. Tomatoes are low in calories and a rich source of vitamin C, vitamin K, potassium and lycopene - an antioxidant that promotes heart and skin health. Many studies have shown that regular consumption of tomatoes can help reduce the risk of various cancers, heart diseases, age-related macular degeneration and cognitive decline. As consumers are making healthier food choices, the demand for tomatoes and thus tomato seeds is expanding substantially in both developing and developed nations. Seed companies are introducing new high-yield and disease-resistant tomato seed varieties to help farmers increase production and cater to the burgeoning demand.

Growing Commercial Cultivation of Tomatoes Globally

Global tomato production has more than doubled in the last two decades with tomato emerging as one of the most widely grown vegetable crops worldwide. The rise in commercial cultivation is being driven by factors such as stable tomato prices, availability of financial and technical support for farmers, expansion of greenhouse farming techniques and introduction of high-value hybrid seeds. Several countries in Asia, Africa, Europe and North America are significantly increasing their tomato production areas to meet the rising export demand from international markets and earn higher revenues. Leading seed companies are collaborating with large tomato growers and exporters to develop and distribute high-yielding tomato seed varieties suited for commercial farming. This is translating into increased sales of tomato seeds globally.

One Major Market Restrain for the Tomato Seeds Market

Threat from Climate Change and Diseases

The tomato seeds market faces a key challenge in the form of crop losses due to extreme weather events and spread of diseases aided by climate change. Warmer weather conditions are leading to tomato crop failures across multiple regions as the crops are not able to tolerate high temperatures. Also, warmer weather provides suitable conditions for the growth and spread of various fungal and bacterial diseases that damage tomato plants. For example, the ongoing spread of nematodes, tomato yellow leaf curl virus and early blight disease has impacted tomato seed production in many countries. Furthermore, increasing frequency of droughts and floods disrupt tomato cultivation cycles. Developing climate-resilient and disease-resistant tomato seed varieties requires extensive R&D which increases production costs for seed companies. This acts as a restraint on the growth potential of the overall tomato seeds market.

One Major Market Opportunity for the Tomato Seeds Market

Rising Demand for Organic and Hybrid Tomato Seeds

The market for organic and hybrid tomato seeds is witnessing strong growth driven by increasing preference of health-conscious consumers for non-GMO and chemical-free foods. Hybrid seeds help farmers achieve higher yields and offer advantages such as uniform growth, disease resistance and adaption to different climatic conditions. Major seed producers are actively engaged in R&D and field trials to develop high-quality F1 hybrids specifically bred for organic cultivation without the use of synthetic pesticides and fertilizers. This presents significant opportunities for seed companies to expand their organic and hybrid product portfolios and increase tomato seed sales premiums. Investments in new hybrid technologies such as molecular hybridization, marker-assisted selection and genetic mapping are further likely to enhance yields and disease tolerance of organic hybrid tomatoes in the near future.

Major Market Trend in the Tomato Seeds Market

Rise of Protected Cultivation and Vertical Farming

One of the primary trends gaining ground in the tomato seeds market is the adoption of protected cultivation techniques such as greenhouse, tunnel and hydroponic farming. Protected structures help tomato farmers shield crops from adverse weather, maintain optimum growing conditions, produce crops throughout the year and increase yields per unit area. Moreover, the booming popularity of vertical farming using tomato seeds is bringing more cultivatable space under protected conditions. Leading growers are incorporating technologies like IoT, robotics and artificial intelligence to optimally control environmental parameters in vertical farms. This is driving seed companies to launch new tomato varieties customized for maximizing productivity in controlled-environment agriculture. The trend of protected cultivation is expected to open significant opportunities for stakeholders in the tomato seeds industry worldwide.

Worldwide major and leading players within the market are:

★ BASF SE
★ Groupe Limagrain
★ Syngenta AG
★ Abundant Seeds Pty Ltd.
★ Sakata Seed Corporation
★ Bayer AG
★ Advanta Seeds
★ Bejo Zaden BV
★ Enza Zaden
★ Takii & Co., Ltd.,

Don't wait, Make a strategic approach & boost your business goals with our Tomato Seeds Market Forecast Report - Buy Now @
https://www.coherentmarketinsights.com/insight/buy-now/1229

Segmental Overview

Tomato Seeds Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

The titled segments and sub-section of the Tomato Seeds market are illuminated below:

Global Tomato Seeds Market, By Product Type:

★ By Product Type: Hybrid Tomato Seeds, Open Pollinated/Heirloom Tomato Seeds
★ By Plant Growth Habit: Determinate & Semi-determinate, Indeterminate

Regional Analysis for Tomato Seeds Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Tomato Seeds Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Tomato Seeds market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Tomato Seeds market's current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Tomato Seeds market?
➥ What current trends will influence the Tomato Seeds market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Tomato Seeds market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/1229

Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.