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Vegetable Seeds Market Size to Reach USD 10.48 Billion by 2027; High Cases of Nutritional Deficiencies to Accelerate Market Potential

August 12, 2020 | Agriculture

The global vegetable seeds market size is expected to reach USD 10.48 billion by 2027. The surge in health-conscious consumers will contribute positively to the growth of the global market, mentioned in a report, titled “Vegetable Seeds Market Size, Share & COVID-19 Impact Analysis, By Type (Open Pollinated Varieties and Hybrids), Crop Type (Solanaceae, Root & Bulb, Cucurbit, Brassica, Leafy, and Others), Cultivation Method, and Regional Forecast, 2020 – 2027” the market size stood at USD 5.78 billion in 2019 and is expected to exhibit a CAGR of 7.8% between 2020 to 2027.


Agreement between Pop Vriend and KWS to Aid Expansion


KWS SAAT SE, a European independent and family-owned company based in Germany announced that it has signed an agreement with Pop Vriend Seeds, a seed breading and leading spinach seeds company. The new development of the company will reinforce KWS turnover and directly aid in achieving strategic goals. The total volume of vegetable seeds is projected at around five billion euros per year. The strategic acquisition of KWS to establish its position in the field of vegetable seeds will contribute positively to the market growth owing to the step-by-step investments for vegetable breeding activities and achieving organic growth, together with the production and distribution of licensed varieties.


Moreover, the focus of the company’s strategic orientation to develop the business further together with our new colleagues and the clients of Pop Vriend Seeds will simultaneously enable speedy expansion of the market during the forecast period. Additionally, the growing expansion of sites for production by major companies will have a tremendous impact on the market in the foreseeable future. For instance, in June 2019, Rijk Zwaan expanded its new vegetable site. The new site comprises of an approximately 8.7-hectare greenhouse, a 6,000 m² industrial building, and 1,300 m² of office space. Besides, growing awareness regarding the health benefits of vegetables such as rich in vitamins will significantly propel the growth of the market.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/vegetable-seed-market-103066


Heavy Demand for Nutritional Food to Support Development


The growing knowledge about the benefits of vegetables to fight malnutrition and diversify the diet will promote the growth of the market. The focus towards a balanced diet with packed essential micronutrients that lead to improved health, enhanced thinking ability, and increased efficiency will consequently bolster the growth of the market. The growing cases of nutritional deficiency in many countries will spur the demand of the market. The prevalence of numerous diseases associated with the immune system will result in the production of vegetables, which, in turn, will boost the growth of the market. In addition, the shift from non-vegetarian to vegetarian and vegan diets among consumers will create lucrative opportunities for the market in the foreseeable future.


Bejo and Limagrain’s Strategic Developments to Strengthen its Position


The market is dominated by the presence of major players such as Group Limagrain, Syngenta, BASF, and Rijk Zwaan. The strategic acquisition of key players will consolidate its position in the market. For instance, in February 2018, Bejo and Limagrain signed an agreement for the exchange of non-exclusive licenses for patented traits in vegetable seeds. Moreover, in August 2016, Takii & Co., Ltd announced that it has acquired Turkish based vegetable seed company, Rito Tohumculuk (Rito Seed). The adoption of these strategies by companies will foster the healthy growth of the market.


The Report Lists the Main Companies in the Vegetable Seeds 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


Further Report Findings:



  • Regional Analysis: Asia Pacific is expected to witness a substantial growth rate during the forecast period owing to the growing agriculture industry in the region. The increasing awareness regarding the benefits of consuming vegetables will support expansion in Asia Pacific.

  • Leading Segment: The open-pollinated varieties segment is expected to account for the largest share in the market due to its higher adoption in the developing nations. Solanaceae segment is predicted to witness a significant demand owing to the growing investment by vegetable seed manufacturers to develop high-quality seed such as hybrid tomato.


The Vegetable Seeds Market is Segmented into:


















































ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



  Type; Crop Type; Cultivation Method, and Geography



By Type


 




  • Open-Pollinated varieties

  • Hybrids



By Crop Type


 




  • Solanaceae

  • Root & Bulb

  • Cucurbit

  • Brassica

  • Leafy

  • Others



By Cultivation Method


 




  • Open field

  • Protected cultivation



By Geography


 




  • North America (USA, Canada, Mexico)

  • Europe (The Netherland, Germany, Italy, Spain, France, Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

  • South America (Brazil, Argentina, Rest of South America)

  • Middle East & Africa (Turkey, South Africa, Rest of Middle East & Africa)


Global Vegetable Seeds Market
  • PDF
  • 2019
  • 2016-2018
  • 150

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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