Market Overview-

The global vegetable seeds market is expected to gain impetus from the increasing awareness regarding the benefits of consuming vegetables in developing and developed countries. The World Health Organization (WHO) declared that lower consumption of fruits and vegetables causes around 1.7 million deaths worldwide per year. This information is given by Fortune Business Insights™ in a published report, titled, “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, 2024 – 2032.”

The global vegetable seeds market size was USD 8.14 billion in 2023 and is projected to grow from USD 8.69 billion in 2024 to USD 15.03 billion by 2032, growing at a CAGR of 6.78% during the forecast period (2024-2032).

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This Report Answers the Following Questions:

• Which segment is likely to lead the market in the coming years?
• Which company would generate the highest revenue in the future?
• What are the predicted, historical, and current sizes of the market?
• How will prominent firms surge sales of vegetable seeds amid COVID-19?

Cultivating Growth Opportunities:

As the world's population continues to grow, the importance of efficient food production becomes more pronounced. This presents a significant opportunity for the vegetable seed market to expand and meet the escalating demand for fresh produce. From traditional seed suppliers to niche players focusing on organic and non-GMO seeds, the market is teeming with potential for growth and profitability.

Drivers & Restraints-

Rising Inclusion of Vegetables in Diet to Propel Growth

Nowadays, various companies are developing vegetable hybrids to suit the requirements of farmers and consumers. Such vegetables possess a broad range of qualities, such as shelf-life, flavor, shape, color, yield, taste, nutrition, and adaptability. Hence, hybrid vegetable seeds are experiencing more popularity, as compared to the non-hybrid seeds.

Moreover, the rising inclusion of vegetables in one’s diet is helping to combat malnutrition. In many developing countries, the nutritional richness of vegetables is often considered to be a cost-effective remedy for nutritional deficiencies. However, climate change is a major issue for agricultural production worldwide. It may hamper the vegetable seeds market growth in the coming years.

Segment-

Solanaceae Segment to Grow Rapidly Backed by Rising Investments by Key Companies

Based on crop type, the Solanaceae segment earned 41.88% in terms of vegetable seeds market share in 2019. This growth is attributable to the rising investments by reputed vegetable seeds manufacturers in developing premium-quality seeds, such as hybrid tomato. The segment mainly consists of pepper, eggplant, potatoes, and tomatoes.

Source: https://www.fortunebusinessinsights.com/vegetable-seed-market-103066

Key Benefits For Stakeholders