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 global vegetable seeds market size was valued at USD 5.78 billion in 2019 and is projected to reach USD 10.48 billion by 2027, exhibiting a CAGR of 7.8% during the forecast period (2020-2027).

Vegetables are an important part of a healthy diet and different vegetables comprise of varied amounts of nutrients. A diet rich in vegetables can help to reduce the occurrence of any disease or disorder, for instance, obesity and eye problems among others. Additionally, eating healthy non-starchy vegetables such as lettuce, spinach, and other vegetables help in weight loss. Thus, the need to meet diverse dietary and nutritional needs has fueled the demand for vegetables. Moreover, farmers across the world are demanding high-quality vegetable seeds to meet this rising demand for vegetables.

The current global outbreak of COVID-19, followed by the lockdowns across several economies has impacted many industries. However, according to the International Seed Federation (ISF), the spread of coronavirus had a lesser impact on the seed sector as it was considered under essential commodities to sustain the delivery of seed to farmers. Even in countries with the highest number of COVID-19 cases, the supply of seed was continued to ensure that farmers can grow crops in the coming planting season and prevent food shortage that would occur during the long run.

LATEST TRENDS

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Rising Awareness Regarding the Benefits of Vegetables is a Prominent Trend

According to the World Health Organization (WHO), approximately 1.7 million deaths in the world are due to a low/lack of consumption of fruit and vegetables. Also, the low consumption of fruits & vegetables is among the top 10 risk factors for global mortality. Thus, including fruits & vegetables in the daily diet could help to prevent major non-communicable diseases (NCD).

Additionally, a rise in the awareness regarding the benefits of vegetables and the growing health concerns have resulted in the increasing demand for vegetables in the developed and developing economies. Thus, growers across the world are focusing on increasing the production of vegetables by using various agriculture inputs including good quality vegetable seeds.

DRIVING FACTORS

Demand for Diet-based Nutritional Food to Support Market  

The inclusion of vegetables in the diet helps to combat malnutrition and diversify the diet. Dietary diversification helps to balance the diet by enhancing the supply of essential micronutrients that lead to improved health, enhanced thinking ability, and increased efficiency. Moreover, the nutritional richness of vegetables ensures a low-cost remedy for nutritional deficiency in many developing countries. Thus, the growing demand for vegetables across the world increases the need to improve vegetable production thereby supporting the growth of the vegetable seeds industry.

Rising Adoption of Hybrid Vegetable Seeds Boosts the Growth of the Market

Vegetable hybrids are developed to suit the requirement of consumers and farmers. Hybrid vegetable has a range of qualities such as adaptability, nutrition, taste, yield, color, shape, size, cooking quality, flavor, and shelf-life.

Hybrid seeds are gaining popularity due to its benefits over non-hybrid seeds. The use of hybrid vegetable seeds helps to prevent crops from different types of environmental stress such as insects and plant diseases. Besides, the hybrid vegetable seeds have high yield potential with consistent performance throughout the year. Furthermore, the adoption of hybrid seeds by farmers has led to the growth of many seed companies in the last three decades wherein this also binds the companies to supply quality seeds.

RESTRAINING FACTORS

Changing Climatic Conditions May Hamper Growth

Climate change is a major concern for agricultural production across the world. A change in the climatic parameters has a significant impact on crop production and the crops are susceptible to diseases and pests. This, in turn, affects the crop health and causes deviations in the farming practices. Furthermore, researches from many decades have shown the seasonal effects of temperature, rainfall, and humidity on disease and its development and growth on seed material which leads to major crop loss. Thus, the change in temperature and a rise in the atmospheric moisture content affect vegetable production.

SEGMENTATION

By Type Analysis

Open-Pollinated Varieties Segment to Emerge as Dominant Segment Owing to their High Usage in Developing Nations

When pollination occurs by insect, bird, wind, or other human intervention, it is known as open-pollination. Since there are no restrictions on the flow of pollen between individuals, open-pollinated crops are more genetically diverse. Thus, this causes more variation within the crop and helps it to adapt to local growing conditions and climate.

The open-pollinated varieties segment dominated the market due to its higher adoption in the developing nations. In addition, open-pollinated varieties are produced in the unregulated market by farmers and local producers.  

By Crop Type Analysis

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Solanaceae Segment to Remain Dominant in the Coming Years Due to its High Adoption across the World

Tomatoes, potatoes, eggplant, and pepper are the major crops in the Solanaceae family that have high demand across the world. The growth of the Solanaceae segment is primarily driven by the growing investment by vegetable seed manufacturers to develop high-quality seeds such as hybrid tomato. Hybrid tomato has the highest adoption in the U.S. and India.

Tomato is the dominant vegetable seed in the Solanaceae family due to its high seed replacement rate of 99.3%.

By Cultivation Method Analysis

Protected Cultivation Segment to Exhibit High Growth Stoked by Their Increasing Preference

Protected cultivation includes producing vegetables in temperature-controlled environments such as greenhouse and hydroponics. The demand for cultivating seeds in the protected environment is growing due to the varied benefits offered by protected farming such as climate control, improved crop efficiency, and low agriculture input requirements.

REGIONAL INSIGHTS

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Asia Pacific to Lead Market Owing to High Application in China and India

Asia-Pacific currently holds the largest vegetable seeds market share and is predicted to retain its position throughout the forecast period. The growing agriculture industry, rising awareness regarding the health benefits of vegetables, and increasing area under horticultural crops are the major factors driving the market in this region. China and India are the key countries in the region that report high vegetable production and consumption. Moreover, China is a leading vegetable seed market in the world and these factors would support the dominance of the region in the global market.

The European market will showcase considerable demand on account of the rapid advancements in the breeding technologies that result in the development of high-quality vegetable seeds. Europe market is projected to register a CAGR of 7.9% during the forecast period from 2020 to 2027. In addition, the region is the key producer of fruits & vegetables and the growth is derived from increased international trade in vegetables. These factors are likely to further boost the market in this region.

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The North American market reported significant growth during the foreseeable years. The vegetable seeds industry is highly determined in the region with a high demand for vegetables in the United States and Mexico. Also, the region has a strong presence of global market players such as Syngenta, Limagrain, Bayer (Monsanto before acquisition).  

KEY INDUSTRY PLAYERS

Innovative Breeding Tools & Techniques Support the Seed Companies to launch New Products

The recent acquisitions in the seed industry have led to the significant consolidation of the vegetable seeds industry. After the acquisition of Monsanto, Bayer reported being the largest player in the market. Group Limagrain, Syngenta, BASF, and Rijk Zwaan are the other major players in the market. Multinational companies are investing in innovative brewing tools and techniques to meet the downstream customer requirements such as higher nutritional values and better taste.

In August 2016, Takii & Co., Ltd. acquired Turkish based vegetable seed company, Rito Tohumculuk (Rito Seed). This acquisition has helped the company to expand its presence in the international market.

LIST OF KEY COMPANIES PROFILED:

• 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

KEY INDUSTRY DEVELOPMENTS:

• In April 2020, Sakata Seed America, a subsidiary of Sakata Seed Corporation acquired U.S. based lettuce seed company, Vanguard Seed. This acquisition would allow the company to introduce new lettuce varieties in the market.


• In February 2019, Syngenta Flowers launched a new vegetable portfolio, Vegetalis. The Vegetalis range includes high-performing vegetable and herb seeds.

Report Coverage 

The increasing awareness regarding the benefits of vegetables and its role in immunity-boosting is significantly contributing to the market growth across the globe.

An Infographic Representation of Vegetable Seed Market

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The Vegetable Seeds market research report provides qualitative insights into the market. It also offers a detailed analysis of types, crop type, cultivation method used, overall market size, and growth rate for all possible segments in the market.

Along with this, the report includes an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are an overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends.

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Report Scope & Segmentation