The global vegetable seeds market isexpected to gain impetus from the increasing awareness regarding the benefitsof consuming vegetables in developing and developed countries. The World HealthOrganization (WHO) declared that lower consumption of fruits and vegetablescauses around 1.7 million deaths worldwide per year. This information is givenby Fortune Business Insights™ in a published report, titled, “VegetableSeeds Market Size, Share & COVID-19 Impact Analysis, By Type (OpenPollinated Varieties and Hybrids), Crop Type (Solanaceae, Root & Bulb,Cucurbit, Brassica, Leafy, and Others), Cultivation Method, and RegionalForecast, 2020 – 2027.” The report further states that the vegetable seedsmarket size was valued at USD 5.78 billion in 2019 and isprojected to reach USD 10.48 billion by 2027, exhibiting aCAGR of 7.8% during the forecast period.
COVID-19: No Disruptions in SupplyChain as Fruits & Vegetables are Essential Commodities
According to the International SeedFederation (ISF), the outbreak of the COVID-19 pandemic has had a lesser impacton the seed industry. This occurred because fruits and vegetables areconsidered to be essential items. Countries with the largest number of COVID-19cases are also receiving vegetable seeds efficiently so that the farmers cangrow more crops to cater to the increasing demand. Our extensively researchedreports will help you to find the right strategy to boost sustainability andprevent food shortages amid this pandemic.
This Report Answers the FollowingQuestions:
- Which segment is likely to lead the market in the coming years?
- Which company would generate the highest revenue in the future?
- What are the predicted, historical, and current sizes of the market?
- How will prominent firms surge sales of vegetable seeds amid COVID-19?
Browse CompleteReport Summary@ https://www.fortunebusinessinsights.com/vegetable-seed-market-103066
Drivers & Restraints-
Rising Inclusion of Vegetables in Dietto Propel Growth
Nowadays, various companies aredeveloping vegetable hybrids to suit the requirements of farmers and consumers.Such vegetables possess a broad range of qualities, such as shelf-life, flavor,shape, color, yield, taste, nutrition, and adaptability. Hence, hybridvegetable seeds are experiencing more popularity, as compared to the non-hybridseeds.
Moreover, the rising inclusion ofvegetables in one’s diet is helping to combat malnutrition. In many developingcountries, the nutritional richness of vegetables is often considered to be acost-effective remedy for nutritional deficiencies. However, climate change isa major issue for agricultural production worldwide. It may hamper thevegetable seeds market growth in the coming years.
Segment-
Solanaceae Segment to Grow RapidlyBacked by Rising Investments by Key Companies
Based on crop type, the Solanaceaesegment earned 41.88% in terms of vegetable seeds market share in 2019. Thisgrowth is attributable to the rising investments by reputed vegetable seedsmanufacturers in developing premium-quality seeds, such as hybrid tomato. Thesegment mainly consists of pepper, eggplant, potatoes, and tomatoes.
Regional Analysis-
Asia Pacific to Remain at ForefrontBacked by Expansion of Agriculture Industry
Geographically, in 2019, Asia Pacificprocured USD 2.86 billion in terms of revenue. The region is set to retain itsdominant position throughout the forthcoming years stoked by the increasingarea under horticultural crops in the region. Apart from that, the expansion ofthe agriculture industry is set to contribute to this growth. India and Chinaare the most significant countries that report high vegetable consumption andproduction.
Europe, on the other hand, is set toexhibit considerable growth backed by the increasing advancements in the fieldof breeding technologies. It will help in the development of high-qualityvegetable seeds. In North America, the demand for the product is set to be highfrom Mexico and the U.S.
Competitive Landscape-
Key Players Focus on AcquisitionStrategy to Gain a Competitive Edge
The market for vegetable seeds isconsolidated owing to the rising number of mergers and acquisitions. Numerousmultinational firms are investing hefty amounts of money in innovating brewing techniquesto meet the increasing demand. Below are the latest industry developments:
- April 2020: Sakata Seed America successfully acquired Vanguard Seed, a lettuce seed company headquartered in the U.S. to introduce a wide variety of lettuce in the market.
- February 2019: Syngenta Flowers recently unveiled Vegetalis, its new vegetable portfolio. It contains high-performing herb and vegetable seeds.
A list of all the vegetable seedsmanufacturers operating in the global market:
- BASF SE- Germany
- Bayer AG. – Germany
- Syngenta AG – Switzerland
- Groupe Limagrain- France
- Rijk Zwaan Zaadteelt en Zaadhandel B.V- Netherlands
- Sakata Seed Corporation- Japan
- Takii & Co., Ltd- Japan
- Enza Zaden BV- Netherlands
- East-West Seed- Thailand
- Bejo Zaden B.V.- Netherlands
