Vegetable Seeds Market By Type (Open Pollinated & Varieties & Hybrid), Crop Type (Solanaceae, Root & Bulb, Cucurbit, Brassica, Leafy, and Others), and Cultivation Method (Protected & Open Field), and Region - Market Perspective, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast for 2023 - 2032

Market Perspective

The global Vegetable Seeds Market was valued at approximately USD 8.72 billion in 2022 and is expected to witness a substantial growth of around USD 16.38 billion by 2032 at a CAGR of approximately 6.51% during the period from 2023 to 2032.

Seeds are the preferred method of growing fruits and vegetables, as they enable the multiplication of plants, thereby enhancing total yields. Seed producers work closely with farmers to offer high-quality, weed- and disease-free fruit and vegetable seeds, meeting the rising demand for such seeds in indoor and outdoor agricultural activities worldwide.

The vegetable seeds market growth is driven by significant players' research and development efforts to create a range of seeds suitable for different soil types and climatic conditions. Vegetable seeds, essentially embryonic herbs or crops that can be grown in gardens or on farmland and marketed under the names of related products, include legumes such as beans, carrots, cabbage, peas, and peppers. Due to their lower resource requirements, vegetable seeds are increasingly gaining popularity in the global market.

Agricultural projects require reliable and sufficient water supplies, acres of land, and heavy machineries such as tractors, ripper machines, disc harrows, and other tools to produce adequate quantities and quality crops. Crop production is costly, requiring significant resources and labor-intensive man-hours. Farmers must spend money on fertilizers, soil quality maintenance, and other areas to achieve optimal outcomes. However, vegetable seeds are more easily generated than other crops grown on a large scale.

Key Insights

• Based on type, the open-pollinated segment held the largest market share
• Based on crop type, the Solanaceae segment dominated the market
• Based on the cultivation method, the protected segment generated the highest revenue
• On the basis of region, Asia Pacific accounted for the largest market share

Growing Awareness Regarding the Benefits of Fruits and Vegetables is a Major Trend in the Market

One of the major trends in the market is the growing awareness of the benefits of consuming fruits and vegetables. The World Health Organization (WHO) estimates that inadequate fruit and vegetable consumption is related to 1.7 million deaths worldwide and is one of the top 10 risk factors for mortality globally. Regular consumption of fruits and vegetables can help prevent serious non-communicable diseases (NCDs), leading to increased demand for vegetables in established and developing economies.

Changing Climate Condition is Restraining the Productivity of the Market

To meet the growing demand for food products, gardeners worldwide are utilizing high-quality vegetable planting seeds and other agricultural inputs to increase vegetable production. However, the productivity of the market is being restrained by changing climate conditions. Climate change is a significant concern for agricultural production, affecting crop productivity and making crops more susceptible to pests and diseases.

Research has shown that changes in temperature and air moisture content significantly impact the production of vegetables. This alters farming practices and affects crop health, leading to major crop loss. Therefore, the industry must adopt sustainable practices to mitigate the impact of climate change on vegetable production and meet the increasing demand for these nutritious foods.

Recent Development

In January 2021: Four innovative new vegetable seed categories were introduced by Bayer such as Anshuman, Bazlet, SVHA9093, and Humgauri. The announcement was made at the Bayer vegetable seed company's fourth annual Pragati Diwas celebration. In the same event, 120 high-yielding hybrid seeds for 14 different fruit and vegetable crops were also displayed.

Segmentation Analysis

The market segmentation analysis classifies the vegetable seeds market by type, crop type, and cultivation method.

By type, the market is categorized into open-pollinated and varieties & hybrid. The open-pollinated segment has a dominant market share because it is widely used in developing countries and can be created by farmers and local vendors for unregulated markets. This type of pollination involves interactions with insects, wind, birds, or humans, resulting in genetically diverse crops that can adapt to various growth conditions.

By crop type, it is segmented into Solanaceae, root & bulb, cucurbit, brassica, leafy, and others, with Solanaceae holding the largest market share. The demand for Solanaceae vegetable seeds, such as tomato, eggplant, potato, and pepper, is high in the international market. Hybrid tomato seeds are increasingly popular due to their high seed replacement rate of 99.32%, and seed producers are investing in the Solanaceae market to create high-quality seeds. Hybrid tomatoes are widely used in the US and India.

By cultivation method, the market is categorized into protected and open fields, with the protected segment expected to witness significant growth during the forecast period. Protected cultivation techniques are gaining popularity in the global market as they allow farmers to maintain crop yields despite rapid environmental changes and give them complete control over growing conditions. China currently holds the largest market share for protected agricultural land, with an area of up to 2,760,000 hectares. Protected farming offers numerous benefits, including increased crop efficiency, climatic control, and minimal input requirements for agriculture driving the demand for seeds grown in protected environments.

Asia Pacific Dominates the Market Share Due to the Expanding Agricultural Industry

The Asia Pacific region continues to dominate the global vegetable seed market, owing to the rapidly expanding agricultural industry in the area. The region's market dominance is also due to the increase in public awareness of the health benefits of vegetables and the expansion of horticulture crop areas. China and India are leading countries in the region with substantial vegetable production and consumption. Additionally, India and China are the top exporters in the region, holding over 56% of the global market share for hybrid vegetables.

North America is the Fastest Growing Market Due to High Demand for Organic Food

The North American vegetable seed market value is expected to experience rapid growth, driven by the high demand for organic food products in countries such as the US and Canada. Moreover, the increasing self-cultivation trend in rural areas is driving the need for vegetable seeds. Consumers in North America are increasingly aware of the benefits of a healthy diet and seek organic vegetable seeds that are high in nutrients. This trend is predicted to continue between 2022 and 2032, resulting in an increased revenue share in the market.

Competitive Landscape

• BASF SE
• Bayer Group
• Syngenta Crop Protection AG
• Limagrain
• Rijk Zwaan Zaadteelt en Zaadhandel B.V.
• SAKATA SEED AMERICA
• Bejo Zaden B.V.
• Enza Zaden Beheer B.V.
• Advantaseeds
• Mahyco

The global vegetable seeds market is segmented as follows:

By Type

• Open Pollinated
• Varieties & Hybrid

By Crop Type

• Solanaceae
• Root & Bulb
• Cucurbit
• Brassica
• Leafy
• Others

By Cultivation Method

• Protected
• Open Field

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America