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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.
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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:
Further Report Findings:
The Vegetable Seeds Market is Segmented into:
Value (USD Billion)
Type; Crop Type; Cultivation Method, and Geography
By Crop Type
By Cultivation Method