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Global Fruit and Vegetable Seeds Market Projected to Grow at 5.8% CAGR, Reaching $14.06 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Fruit and Vegetable Seeds Industry Market Size Be by 2025?
There has been a robust expansion in the size of the fruit and vegetable seeds market in the previous years. The market, which stood at $10.66 billion in 2024, is projected to increase to $11.21 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%. Factors such as population increase, shifts in eating habits, agricultural globalization, climatic variations, and government regulations have contributed to the growth observed in the past.
What's the Long-Term Growth Forecast for the Fruit and Vegetable Seeds Market Size Through 2029?
In the upcoming years, the fruit and vegetable seeds market is anticipated to experience significant growth, reaching "$14.06 billion by 2029 with a compound annual growth rate (CAGR) of 5.8%. The predicted growth during the forecast period is linked to sustainable agricultural approaches, wellness and health trends, adaptations to climate change, urbanization, and vertical farming. The main trends impacting the forecast period encompass advancements in biotechnology, increased demand for organic and non-GMO products, varieties resilient to climate, digital agriculture and precision farming, as well as challenges in the global supply chain.
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What Are the Key Growth Drivers Fueling the Fruit and Vegetable Seeds Market Expansion?
The surge in the necessity for fresh produce, such as fruits and vegetables, is projected to boost the development of the fruit and vegetable seed sector moving forward. The concept of fresh fruits and vegetables here refers to those which are recently harvested or picked without being preserved in any way. The seeds of fruits and vegetables carry the embryo which transforms into the crops on fields and farms, ultimately supplying us with fresh fruits and vegetables. Hence, the growing requisite for fresh produce will escalate the requirement for fruit and vegetable seeds. As an example, in February 2023, Statistics Canada, which is a Canadian government agency, reported that in the year 2022, there was a 13.1% elevated increase in farm-gate sales of fruits and vegetables, reaching $3.0 billion. This increase comprised a 15.3% hike in fruit sales and 11.2% in vegetable sales, demonstrating a global growth. Therefore, it can be inferred that the burgeoning demand for fresh produce is influencing the expansion of the fruit and vegetable seed sector.
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What Are the Key Trends Driving Fruit and Vegetable Seeds Market Growth?
Technological innovation remains vital in the fruit and vegetable seeds market, with major players introducing advanced methods to maintain market leadership. In March 2023, US-based Corteva Agriscience introduced a novel gene editing technology to enhance hybrid corn resistance to disease, presenting a modern approach to plant breeding.
How Is the Fruit and Vegetable Seeds Market Segmented?
The fruit and vegetable seeds market covered in this report is segmented -
1) By Type: Tomato, Pepper, Onion, Cucumber, Lettuce, Melon, Carrot, Other Types
2) By Trait: Genetically Modified, Conventional
3) By Family Type: Solanaceae, Cucurbit, Leafy, Brassica, Root And Bulb, Other Families
4) By Form: Inorganic, Organic
Subsegments:
1) By Tomato: Cherry Tomatoes, Beefsteak Tomatoes, Roma Tomatoes
2) By Pepper: Bell Peppers, Hot Peppers, Sweet Peppers
3) By Onion: Yellow Onions, Red Onions, Green Onions
4) By Cucumber: Slicing Cucumbers, Pickling Cucumbers
5) By Lettuce: Romaine Lettuce, Iceberg Lettuce, Leaf Lettuce
6) By Melon: Watermelon, Cantaloupe, Honeydew Melon
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Which Companies Are Leading the Charge in Fruit and Vegetable Seeds Market Innovation?
Major companies operating in the fruit and vegetable seeds market include 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, Vikima Seeds A/S, Groupe Limagrain, Bejo Zaden B.V., Rijk Zwaan Zaadteelt en Zaadhandel B.V., East-West Seed, Vilmorin & Cie, Tropical Seeds BV, HaZera Seeds Ltd., Harris Moran Seed Company, NongWoo Bio Co. Ltd., Johnny's Selected Seeds, Stokes Seeds
Which Regions Are Leading the Global Fruit and Vegetable Seeds Market in Revenue?
Europe was the largest region in the fruit and vegetable seeds market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global fruit and vegetable seeds market report during the forecast period. The regions covered in the fruit and vegetable seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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