Global Vegetable Seed Market Report and Forecast 2024-2032

Global Vegetable Seed Market Size

The global vegetable seed market value is likely to expand at a CAGR of 4.2% during 2024-2032.

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Global Vegetable Seed Market Growth

Major multinational and regional vegetable seed companies focus heavily on research and development, allocating a substantial part of their sales to these efforts. They innovate by introducing numerous varieties of vegetable seeds that offer high yields, natural disease resistance, and improved nutritional value. Additionally, they continually introduce new seed varieties, contributing to the growing demand in the vegetable seed market each year.

There is also growing demand for organic vegetables which is expected to increase demand for organic vegetable seeds. Developments such as the European Commission's expectation of raising all organic crops through certified organic seeds by 2035 are expected to drive demand for organic vegetable seeds. Such developments are likely to drive the vegetable seed market growth.

Global Vegetable Seed Market Analysis

The growing use of technology, innovations and technical advancements are likely to boost the global vegetable seed market dynamics and trends. Leading companies are continually investing in R&D and trying to offer better products. For example, in 2023, BASF’s vegetable seeds business introduced a tearless onion variety in France, Germany, Italy, and the UK.

Global Vegetable Seed Industry Outlook

According to the Ministry of Agriculture, from 2018-19 to 2020-21, vegetable production in India rose from 183170 million tonnes to 200445 million tonnes. Within this overall trend, specific crops such as potatoes and tomatoes demonstrated significant growth. Potato production increased to 56173 million tonnes, while tomato production grew to 21181 million tonnes. These trends determined a substantial expansion in the production of vegetables, reflecting robust growth in the vegetable seed market.

Further, in 2022, the share of European Union production of various types of vegetables demonstrated significant disparities among member countries, according to Eurostat. France led the production of fresh vegetables, accounting for 35% of the total European Union production by tonnes. Spain followed with 25%, and Italy contributed 20%. The remaining 20% of production was distributed among other European Union member countries. This concentration of fresh vegetable production in a few key nations, with France, Spain, and Italy collectively producing 80% of the European Union's fresh vegetables, determined the demand for high-quality vegetable seeds.

Furthermore, In 2022, Japan's fresh vegetable production totalled 12.9 million metric tonnes (MMT), as reported by the Ministry of Agriculture, Forestry and Fisheries (MAFF). The largest volumes were produced by potatoes (17.7%), followed by cabbage (11.3%), onions (9.4%), and Japanese radishes (9.1%) further driving the vegetable seed industry revenue.

As per the United Kingdom Government, field vegetable production in 2022 has been estimated to be 2.1 million tonnes in the United Kingdom. The vast production volume highlights the ever-growing need for premium vegetable seeds. This surge in production demands a consistent supply of cutting-edge seeds that offer high yields, resist diseases, and adapt to diverse growing environments.

Increasing global population and health awareness boost vegetable seed demand growth.

• Advances in seed breeding and biotechnology improve yield and resilience.

• A wide range of vegetable types cater to varied consumer preferences and dietary requirements.

Weather fluctuations impact crop productivity.

• Stringent regulations on GMO seeds in certain regions.

• Efficient distribution networks and logistics play a crucial role in driving vegetable seed market revenue growth.

Growth prospects in developing regions with expanding agricultural activities.

• Increasing preference for organic and non-GMO seeds.

• Investment opportunities in developing drought-resistant and high-yielding seed varieties.

Intense rivalry among seed companies.

• Changing weather patterns impacting crop yields.

• Fluctuating agricultural commodity prices affecting seed sales.

Key Players in the Global Vegetable Seeds Market and Their Key Initiatives

Vilmorin & Cie

• Expanded its global presence by acquiring regional seed companies.

• Invested significantly in biotechnology research, developing advanced hybrid and genetically modified seeds to capture the growing vegetable seed market opportunities.

Bayer AG

• Launched digital farming platforms like FieldView to provide farmers with data-driven insights.

• Developing sustainable seed varieties through its Vegetable Seeds R&D program is to meet the vegetable seed demand market demand.

BASF SE

• Launched the "InVigor" hybrid vegetable seed line, incorporating advanced biotechnology.

• Expanded its footprint in Asia-Pacific by establishing a new research facility.

Syngenta AG

• Acquired Varinova’s cyclamen business to expand its flower seed portfolio.

• Introducing a digital app to help farmers access information on vegetable seeds.

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Global Vegetable Seed Industry Segmentation

“Global Vegetable Seed Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Open Pollinated Varieties

• Hybrid 

Market Breakup by Crop Type

• Solanaceae

• Root and Bulb

• Cucurbit

• Brassica

• Leafy

• Others

Market Breakup by Traits

• Genetically Modified

• Conventional

Market Breakup by Cultivation Method

• Protected

• Open Field

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Vegetable Seed Market Share

Leading companies are investing in manufacturing facilities focusing chiefly on the sustainability and quality of hybrid vegetable seeds. Such developments are expected to drive the vegetable seed market revenue.

Other factors affecting the growth of the vegetable seed market include increasing demand for food items offering more nutrition and greater health benefits, decreasing arable land, diet diversification, growing use of technology in agriculture, and weather changes. With hybrid vegetable seeds, there is a decreased incidence of major pests and illnesses. In the Asian vegetable seed market, India and China are key players.

Leading Companies in the Vegetable Seed Market

The companies specialises in producing vegetable and field seeds, emphasizing innovative breeding initiatives. They serves global agricultural markets, prioritizing sustainable farming methods and promoting genetic diversity to enhance crop production.

• Vilmorin & Cie 

• Bayer AG 

• BASF SE 

• Syngenta AG 

• Rijk Zwaan Zaadteelt en Zaadhandel BV 

• TAKII & CO.,LTD 

• Sakata Seed America 

• Enza Zaden Beheer B.V.

Key Highlights of the Report

Vegetable Seed Market Report Snapshots

Vegetable Seed Market Size

Vegetable Seed Market Growth

Vegetable Seed Market Analysis

Vegetable Seed Market Share

Vegetable Seed Companies