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Market OverviewThe increasing sale of fruit & vegetable seed is driven by increasing global population and rising demand for fruits and vegetables from the processed food industries. High nutritional value of fruits and vegetables is increasing the sale of their seeds in the global market. Advancement in technology and high focus on R&D has increased the production of premium quality & disease resistant seed varieties, this is one of the major drivers for fruit and vegetable seed market. The demand for fruit & vegetable seed is found to be high in Europe is evaluated to increase at a positive growth rate in various countries of North America and Asia-Pacific region.
Market Forecast
Globally, the fruit and vegetable market share is estimated to escalate at a higher growth rate due its high demand on a global level. Fruit & vegetable constitute a lion’s portion in the food industry thereby increasing its demand. Premium quality seeds have a high impact on its share due to the increasing demand for high quality fruits and vegetables. High demand for fruit & vegetable seed is backed up by rising population, globalization and others. The rising demand for organic fruits and vegetable seed is found to escalate its market globally.
All these factors contribute to the calculated CAGR of 7.5% of fruit & vegetable seed market during 2017-2023.
Competitive Analysis-
The major key players in Fruit & Vegetable Seed Market are
• Bayer Cropscience AG (Germany)
• Syngenta AG (Switzerland)
• Takii & Co., Ltd. (Japan)
• Advanta Limited (India)
• Sakata Seed Corporation (Japan)
• Mahyco (India)
• Western Bio Vegetable Seeds Ltd. (India)
• Mahindra Agri (Samriddhi) (India)
• Monsanto Company (U.S.)
• Groupe Limagrain (France)
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Fruit & Vegetable Seed manufacturers across various regions follow the strategy of improving their existing product as well as increasing the manufacture of disease resistant varieties of fruit & vegetable Seed to meet the consumer’s demand to expand their business. This is one of the major factors due to which the demands of fruit & vegetable seed are experiencing a surge. Netherlands is amongst the dominating countries holding a major share in fruit & vegetable seed market and exports the product in various other countries which include Spain, Germany, U.S., France, Turkey and others.
Downstream Analysis-
Consumption of berries seeds amongst the various other fruit seeds is growing at significant rate based on high demand from the consumer’s side due to high nutrient content of berries and high application in fruit juice manufacturing industries as well as in dairy products manufacturing industries. Based on the vegetable seed type, solanaceae holds a lion’s share based on major share of vegetables from solanaceae family in widely consumed vegetables.
The sale of conventional seeds is experiencing a surge backed up by consumer’s preference for natural and non-GMO fruits and vegetables. Based on the formulation, inorganic seeds have a high share. Further, due to bulk demand of fruits and vegetables, farmers have more inclination towards outdoor farming thereby increasing its share.
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Regional Analysis
Global Fruit & Vegetable Seed Market is segmented into Europe, North America, Asia Pacific, and rest of the world (ROW). Europe holds a major market share followed by North America. The high demands for fruit & vegetables from the developed countries of these regions are contributing to the positive growth of Fruit & Vegetable Seed market. Netherlands, U.S., Mexico, Germany and Spain are the major importers of Fruit & Vegetable Seed. Europe is found to be the major exporter of fruit & vegetable seed and exports majorly to countries of Asia-Pacific region.
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Release ID: 249558