Vegetable Seeds Market Outlook: Segments, Overview, And Trends 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Vegetable Seeds Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The vegetable seeds market size has grown rapidly in recent years. It will grow from $10.92 billion in 2023 to $12.15 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to global population growth, urbanization and changing lifestyles, globalization of food supply chains, increased vegetable processing industry, consumer demand for exotic vegetables.

The vegetable seeds market size is expected to see rapid growth in the next few years. It will grow to $18.48 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to organic farming expansion, global trade and export opportunities, water-efficient varieties, government subsidies and incentives, consumer preferences for local produce. Major trends in the forecast period include disease-resistant varieties, high-yielding hybrid varieties, biotechnology for trait enhancement, customization for urban and container gardening, precision agriculture technologies.

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Market Drivers and Trends:

The increasing demand for organic food products will contribute to the growth of the vegetable seeds market going forward. Organic food is grown without the use of synthetic chemicals, such as pesticides and fertilizers manufactured by humans, and does not contain genetically modified organisms (GMOs). During the COVID-19 pandemic, demand for organic foods increased as consumers regarded them to be healthier and more immune-boosting. For instance, in June 2022, according to the Organic Trade Association, a US-based business association, in 2021, organic sales surged by $1.4 billion (2%), exceeding $63 billion, with food sales contributing over 90%, reaching $57.5 billion (2% growth), and non-food sales rising to $6 billion (7% increase). Hence, the growing demand for organic food is expected to propel the growth of the vegetable seeds market.

Organic vegetable seeds have emerged as a key trend gaining popularity in the vegetable seeds market. The vegetable seed manufacturers are introducing organic vegetable seeds in their product offerings to meet the growing demand for organic food. For instance, in October 2021, Bayer AG, a German-based pharmaceutical and life sciences company, announced that under the new vegetable Bayer label, it would expand its vegetable seed offerings to include organically produced seeds. The launch will focus on certified organic production of three important greenhouse and glasshouse commodities of tomato, sweet pepper, and cucumber. The new products will be available in early 2022, with a focus on the high-growth organic markets of Canada, the United States, Mexico, Spain, and Italy, with future expansion contingent on market demand.

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Major Key Players of the Market:

BASF SE, Syngenta AG, JK Agri Genetics Limited, United Phosphorous Ltd., Bayer FMC Corporation, FMC Corporation, Groupe Limagrain Holding SA, Vilmorin & Cie SA, Rijk Zwaan Zaadteelt en Zaadhandel BV, Bayer CropScience Ltd., Sakata Seed Corporation, Yuan Longping High-Tech Agriculture Co Ltd., Kaveri Seeds Company Pvt, De Enkhuizer Zaadwinkel, East-West Seed Company Ltd., W. Atlee Burpee & Co, Seedway LLC, Johnny's Selected Seeds, Stokes Seeds Inc., Bejo Zaden BV, Abbott & Cobb Inc., Harris Moran Seed Company, Advanta Seeds - UPL, Nuziveedu Seeds Limited, Vikima USA Inc., Emerald Seed Company, Territorial Seed Company, Bajo Foods Private Limited, Takii & Co Ltd., Mahyco Private Limited, F.W. Sawatzky Ltd., Namdhari Seeds Pvt Ltd.

Vegetable Seeds Market 2024 Key Insights:

• The vegetable seeds market size is expected to see rapid growth in the next few years. It will grow to $18.48 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.
• Exploring The Surge In Vegetable Seeds Market Amid Rising Demand For Organic Foods
• Expanding The Horizon Of Organic Vegetable Seeds
• Asia-Pacific was the largest region in the vegetable seeds market in 2023

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