Fruits and Vegetable Seeds Market Size Global Market Report 2030
Fruits and Vegetable Seeds Market Overview:
With the burgeoning rise in population, the demand for fresh
fruits and vegetables is also increasing Parallelly. Besides, growing health
consciousness among consumers also generate massive demand for nutritious food
items. Within such a context, the global fruits & vegetable seeds market is
rapidly expanding.
As per a detailed research study conducted by Market
Research Future (MRFR),
Fruits and Vegetable Seeds Market size was valued at USD 6.17
Billion in 2021 and is projected to reach USD 11.43 Billion by 2030, growing at
a CAGR of 8.06% from 2022 to 2030.
Surging demand for healthy food items along with adoption of
modern agricultural practices are key factors driving the growth of the market.
Other factors supporting the growth of the market include increase in seed
replacement rate and surging adoption of GM crops. However, the market growth
might be hindered by fluctuating climatic conditions and regulations governing
the cultivation of GM crops. Nevertheless, the market is gaining opportunities
from the heightened demand for exotic fruits & vegetables across the globe.
Regional Analysis:
Region-wise, the Fruits and Vegetable Seeds Market has been
segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific
(APAC).
The global Fruits and Vegetable Seeds Market is being
dominated by APAC. Accelerated agricultural activities in countries such as
China, Japan, and India are contributing to the growth of the market. Moreover,
cultivation of diversified range of crops can also be credited for the market
growth.
North America is expected to be the fastest growing fruits
& vegetable seeds market. Augmenting demand as well as cultivation of
fruits and vegetables in the region is supporting the growth of the market. The
established food & beverage industry is also supporting the growth of the
market.
Competitive Landscape:
Mahindra Group (India), Advanta Limited (India), Groupe
Limagrain Holding (France), Bayer AG (Germany), Rijk Zwaan Zaadteelt en
Zaadhandel B.V (Netherlands), Western Bio Vegetable Seeds Ltd (India), Syngenta
AG (Switzerland), Sakata Seed Group (US), Maharastra Hybrid Seeds Company
Private Limited (Mahyco) (India), and TAKII & CO., LTD. (India) are the key
players in the Fruits and Vegetable Seeds Market.
Segmentation:
The Fruits
and Vegetable Seeds Market Overview has been segmented based on
type, trait, and category.
By type, the fruit and vegetable seeds market has been
segmented into brassica, cucurbits, Solanaceae, amaryllidaceous, citrus family,
and others. The brassica segment has been further segmented into cauliflower,
cabbage, broccoli, and other brassica. The cucurbits segment has been further
segmented into cucumber, melons, squash, and others. The Solanaceae segment has
been further segmented into tomato, eggplant, potato, and others. The
Amaryllidaceous segment has been further segmented into onion, garlic, and
others. The Citrus family segment has been further segmented into orange, lime,
and others.
The Solanaceae segment is anticipated to capture the largest
share of the market over the forecast period. Vegetables of the Solanaceae
category are extensively for various applications due to which the segment is
witnessing heightened demand. The leafy fruits and vegetables segment is also
anticipated to register the highest CAGR over the forecast period. Leafy fruits
and vegetables are aligned with numerous health benefits and surging awareness
among consumers regarding the same is boosting the growth of the segment.
By trait, the fruit and vegetable seeds market has been
segmented into GM and non-GM. The GM segment is likely to gain the higher share
of the market. GM seeds have superior characteristics and exhibit faster
growth, higher yield, high disease resistance as compared to non-GM seeds, due
to which the segment is expanding. The GM segment is also experiencing
heightened demand from the food & beverage industry and is anticipated to
capture the higher CAGR over the forecast period.
By category, the fruit and vegetable seeds market has been
segmented into organic and conventional. The conventional segment accounts for
the larger share of the market, however, the organic segment is likely to
witness heightened growth over the forecast period and emerge as the fastest
growing segment over the forecast period. The growth of the segment can be
attributed to the rising inclination of consumers towards organic products.
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