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Fruit & Vegetable Seeds Market Size, Growth & Trends 2024-2033
Fruit & Vegetable Seeds Market Size
According to The Business Research Company's, 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 in the historic period can be attributed to population growth, changing dietary patterns, globalization of agriculture, climate variability, 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 growth in the forecast period can be attributed to sustainable agriculture practices, health and wellness trends, climate change adaptation, urbanization and vertical farming. Major trends in the forecast period include biotechnology advancements, organic and non-gmo demand, climate-resilient varieties, digital agriculture and precision farming, global supply chain challenges.
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Market Drivers and Trends:
Rising demand for fresh fruits and vegetables will propel the growth of the fruit and vegetable seeds market going forward. Fresh fruits and vegetables are defined as fruits and vegetables that have not been preserved and have been picked o produced recently. Fruit and vegetable seeds contain the embryo from which fruits and vegetables are grown in filed and farms from which we get fresh fruits and vegetables. Therefore, the rising demand for fresh fruits and vegetables will increase the demand for fruit and vegetable seeds. For instance, according to an article published by the Centre for the Promotion of Imports from Developing Countries (CBI), the Netherlands-based organization that promotes the social, economic, and environmental sustainability of SMEs in developing countries, the value of fresh fruit and vegetable imports is increase by 2% to 6% annually to reach €17 billion ($18.65 billion) in 2021. Furthermore, according to an article published by the India Brand Equity Foundation, an India-based government trust. In October 2022, India exported fresh fruits and vegetables worth US$ 1.527.60 million, and exports of fresh produce reached a total of $498 million. Therefore, the rising demand for fresh fruits and vegetables is driving the growth of the fruit and vegetable seeds market.
Technological advancements are one of the key trends in the fruit and vegetable seeds market. Major market players are concentrating their efforts on introducing new and advanced technologies to strengthen their position in the market. For instance, in March 2023, Corteva Agriscience, a US-based agriculture and seed company introduced a new plant breeding innovation to fight against corn disease. The innovation uses a novel gene editing technology that will add another layer of protection for hybrid corn and protects it from disease and is a new and innovative plant breeding procedure.
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Major Key Players of the Market:
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
Fruit and Vegetable Seeds Market 2024 Key Insights:
• The fruit and vegetable seeds market will grow to $12.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Demand For Fresh Fruits And Vegetables Fueling Growth In The Fruit And Vegetable Seeds Market
• Cutting-Edge Gene Editing Technology To Safeguard Hybrid Corn From Diseases
• Europe was the largest region in the fruit and vegetable seeds market in 2023
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