The Global Fruit and Vegetable Seeds Market was worth USD 8.76 billion in 2016 and estimated to be growing at a CAGR of 8.15%, to reach USD 12.96 billion by 2021.
The Fruit & Vegetable Seeds Market continues to build momentum with the rising demand for nutritional food, innovative production practices, new product offerings to fight pest incidences & improve yield, and for modernization of agriculture.
Fruit & Vegetable Seeds are an important part of the seed industry and is expected to show even more potential in coming years with the rise in demands for healthy fruits and vegetables. These seeds are used for higher quality of crop yield to tackle the needs and demands of the growing population.
Hence it is expected of companies in agricultural industry to show more and more interest in this market in the coming years.
The diversified demand and specialized cultivation of food crops have acted as an opportunity for the market to show evident potential. Other major factors driving the growth of the Fruit & Vegetable Seeds Market include, growing market for genetically modified (GM) crops, increase in rate of seed replacement, and innovations in the mechanical inputs on farms.
These factors have been responsible for the growth experienced by the market lately. Besides these, there are some challenges and restraints faced by the Fruit & Vegetable Seeds Market as well, which include regulations in the GM crops cultivation, variations in climatic conditions and the long duration of the R&D process of new plant biotechnology trait.
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The Global Fruit & Vegetable Seeds Market is segmented under trait, type, form and farm type. On the basis of trait, the market is segmented into Genetically Modified and conventional crop seeds.
Based on type the sub segments include brassica, cucurbit, leafy, root bulb, Solanaceae and other seeds. On the basis of form, the market is segmented as organic and inorganic.
Similarly, on the basis of farm type the market segmentation is done under indoor and outdoor farms. Among all the segments the sub segments leading their respective segment are, conventional seeds, Solanaceae, inorganic and outdoor farms.
The leafy segment is expected to be the fastest growing segment under type. Geographically, the global Fruit & Vegetable Seeds Market is segmented under various regions namely North America, Europe, Asia-Pacific and Rest of the World.
The Fruit & Vegetable Seeds market was dominated by Asia-Pacific, with the overall market share of over 35% globally. Asia-Pacific market was followed by Europe and North America.
The increase in agricultural activities as well as rise in the demand for crop production have driven the growth of the market in Asia-Pacific region and is expected to continue.
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Some of the major companies dominating the Fruit & Vegetable Seeds market include Bayer Cropscience AG, Syngenta AG, Monsanto Company, Advanta Limited, Groupe Limagrain, Takii & Co Ltd., Sakata Seed Corporation, Mahyco, Western Bio Vegetable Seeds Ltd., Mahindra Agri.
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