"Yield Higher Revenue with our Exclusive Insights "
Tomato is considered as a most extensively cultivated vegetable crops worldwide. The relatively small duration of the tomato crop production and high yield associated with the cultivation makes it economically attractive to many growers and hence the cultivation of this crop is increasing. According to Food and Agriculture Organization of the United Nation (FAO), the world tomato production increased significantly from 178 million tons in 2016 to 180 million tons in 2017, and 182 million tons in 2018. The increasing world tomato production is predicted to drive the global market of tomato seed.
The key players functioning in the market are focused on the new product launch and research & development in genomic emasculation techniques for making the hybrid tomato seed production more profitable and to guarantee the supply of hybrid tomato seed at cheaper rates to the farmers. These aforementioned strategies are predicted to help the companies to increase their footprint in the global market of tomato seed.
Tomatoes play a vital role in a well-balanced and healthy diet. Tomatoes are rich in vitamins, essential amino acids, minerals, and dietary fibers. Tomato contains much vitamin B, phosphorus, and lycopene. Tomato is consumed fresh in salads or cooked in soups, and sauces. In addition, tomatoes can be processed into ketchup, juices, and purees. Dried and canned tomatoes are economically significant processed products. The increasing demand for tomatoes from processed food industry is contributing in increasing the tomato production by farmers, which is expected to further boost the demand for tomato seeds. The increasing area under the cultivation of tomato is predicted to positively impact the market growth in forthcoming years. For instance, According to Food and Agriculture Organization of the United Nation (FAO) the area under the cultivation of tomato has increased from 4.43 million ha in 2010 to 4.76 million ha in 2018. Tomato is an important cash crop for smallholders and medium-scale commercial farmers owing to the high profit associated with the cultivation of tomato and relatively short duration of the crop. Furthermore, tomato crop easily fits into different cropping systems such as monoculture and intercropping system. Intercropping has advantage as it reduces the incidence of diseases and pests. Smallholders can gain the most from the advantages of mixed cropping which can boost the cultivation of tomato crops, which in turn is predicted to drive the global market demand for tomato seeds.
The high price of the hybrid tomato seed is anticipated to restrain market growth. Moreover, the region-specific rules and regulations regarding the launch of genetically modified tomato seeds is anticipated to be a restraining factor for the market growth of tomato seeds.
The most significant players operating in the global tomato seed market are Syngenta AG, Enza Zaden, Sakata Seed Corporation, Bayer AG, UPL Limited(Advanta Seeds ), BASF SE, Bejo Zaden BV, East-West Seed International, Takii & Co., Ltd. Groupe Limagrain, Abundant Seeds Pty Ltd., and Others.
Large tomato seed is anticipated to hold a prominent share in the global market of tomato seed. The increasing demand for large tomato from the food processing industry is expected to upsurge the sale of large tomato seeds. Furthermore, cherry tomato is a highly-priced culinary as well as ornamental vegetable. Cherry tomato is one of the most popular high-value exotic crops and it is becoming increasingly popular as functional food due to its nutrient content. The increasing demand for cherry tomato and high-profit margin associated with the cultivation of cherry tomato is expected to boost the demand for cherry tomato seeds.
Hybrid tomato seeds are predicted to witness significant growth in the global market of tomato seeds. Hybrid tomato crops have numerous benefits than open-pollinated tomato crops. Hybrid tomato seeds generally produce more yields than open-pollinated tomato seed. They generally mature earlier and homogenously. Many hybrid tomato crops offer better fruit quality and disease resistance. With all of these factors, many growers choose to sow hybrid tomato seeds in spite of the higher seed costs. The increasing area under the cultivation of hybrid tomato seeds is predicted to drive the global market of hybrid tomato seed.
Open-field cultivation of tomato crop is predicted to hold a significant share in the global market tomato seed. Tomatoes can be grown in open or protection in glasses or poly or shade houses. Nonetheless, fruit quality and yield of the tomato is higher when cultivated under protection but many varieties of tomato have been popularly cultivated in open-field area. The high cost associated with the protected cultivation of tomato seeds is expected to increase the cultivation of tomato crop in open-field area.
Asia Pacific is anticipated to hold a prominent share in the global market of tomato seeds. Countries such as India and China are some of the leading producers of tomato worldwide. The increasing tomato cultivation in China and India is predicted to drive the tomato seed market within the region. For instance, According to Food and Agriculture Organization of the United Nation (FAO) India and China produced 19.37 million tons and 61.63 million tons of tomatoes respectively. Moreover, the increasing cultivation of organic tomato crops due to high profit associated with its cultivation is also predicted to be a favorable factor for market growth.
North America is anticipated to witness considerable growth in the global market of tomato seeds. The well-established agriculture sector, professional farmers, and abundant availability of hybrid tomato seed are projected to positively impact the market growth within the region. Europe is predicted to witness significant growth in the global market of tomato seed. The increasing demand for processed tomato products and presence of prominent market players within the region is expected to boost the sale of tomato seed within Europe. For instance, According to the published report of EU agriculture, processed tomato consumption is predictable to upsurge from 20.5 kg in 2017 to 21 kg per capita in 2030. The increasing consumption of processed tomato products is predicted to boost the sale of tomato seeds to fulfill the growing demand for tomatoes from the processed food industry.
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry