The global fruit and vegetable seeds market size is anticipated to be worth $9.8 billion in 2020 and $14.4 billion by 2025, with an 8.2% CAGR from 2020 to 2025. The market is expected to grow steadily due to increasing investments in agricultural technology and growing awareness of the benefits of high-quality seeds. Emerging trends such as vertical farming and precision agriculture are likely to further influence market dynamics.
Fruit & Vegetable Seeds Market Growth Drivers
Seeds are fundamental to advancing the food chain and are crucial for the sustainability of the agri-food system. Globally, farmers have been transitioning from traditional farming practices to embrace methods that yield higher returns and are more efficient, with commercial seeds becoming a major trend in the industry. According to a report by Syngenta, a leading player in the commercial seeds market, the global seeds sector has experienced nearly a 90% growth since 2000.
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The seed replacement rate, which measures the proportion of new seeds purchased relative to the total seeds used, has evolved over time. Historically, the focus was on using farm-saved seeds. However, the increasing recognition of the advantages and value of seeds acquired through specialized channels has led to a surge in demand for these seeds, creating significant opportunities in the market.
The Conventional Segment is Projected to Account for the Largest Fruit & Vegetable Seeds Market Share
By trait, the conventional segment accounted for the largest share in 2019. The fruit & vegetable seeds market, on the basis of trait, has been segmented into conventional and genetically modified. Conventional seeds account for a larger market size owing to the lower prevalence of genetically modified seeds in vegetables. According to International Service for the Acquisition of Agri-Biotech Applications (ISAAA), the approved list of GM fruit & vegetable seeds includes beans, eggplant, melons, potatoes, and tomatoes. Experts state that extensive research trials are being conducted for GM varieties of vegetable seeds; however, the adoption rate is not significant. The number of vegetables and fruits approved for GM is also significantly lower than cereals & grains and oilseeds & pulses, which have a higher prevalence of GM seeds. The benefits of adoption of GM seeds are becoming popular among the farmers, due to which the market for it is projected to grow at a higher rate during the forecast period.
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Asia-Pacific’s Surge: Key Trends Driving Growth in the Fruit & Vegetable Seeds Industry
Asia Pacific is projected to account for the largest market size during the forecast period, owing to large-scale production of major vegetables such as tomatoes, potatoes, eggplants, and melons in countries such as China, India, South Korea, and Japan, among others. These countries serve as major exporters of fruits & vegetables to North America and the European Union. The region is also a host to some of the major seed producing companies such as UPL Corporation (Advanta Seeds) (India), Takii Seeds (Japan), and Sakata Seeds (Japan). These factors aid in driving the growth of the market during the forecast period.
The segment of genetically modified (GM) fruit and vegetable seeds is anticipated to experience the highest compound annual growth rate (CAGR) during the forecast period.
According to the International Service for the Acquisition of Agri-Biotech Applications (ISAAA), the approved GM fruit and vegetable seeds include beans, eggplant, melons, potatoes, and tomatoes. While extensive research is underway for GM varieties of vegetable seeds, their adoption rate remains relatively low. Compared to cereals, grains, and oilseeds, which have a higher prevalence of GM seeds, the number of GM-approved vegetables and fruits is limited. However, as the benefits of GM seeds become increasingly recognized by farmers, the market for these seeds is expected to grow at a rapid pace during the forecast period.
The organic segment of the fruit and vegetable seeds market is expected to register the highest compound annual growth rate (CAGR) during the forecast period.
Organic fruit and vegetable seeds are environmentally friendly options that avoid the use of pesticides, synthetic fertilizers, growth regulators, and genetically modified organisms (GMOs). The core principles of organic production focus on environmental protection, minimizing soil degradation and erosion, reducing pollution, enhancing biological productivity, and maintaining soil fertility.
The growing demand for organic seeds presents a significant opportunity for organic seed producers in developing countries to expand their operations and secure more contracts with seed companies, provided they have the necessary production capacity. This rising demand is driven by factors such as concerns over food supply chain disruptions, food security issues, and increasing consumer interest in gardening. Over the past decade, the demand for organic products has surged globally, with double-digit growth reported by the USDA’s Economic Research Service. Consequently, organic products, often priced at a premium, are now widely available in both developed and developing countries. These trends have further fueled the adoption of organic fruit and vegetable seeds among farmers.
Key Fruit & Vegetable Seeds Companies
- BASF SE (Germany)
- Bayer AG (Germany)
- Syngenta Group (Switzerland)
- KWS SAAT SE (Germany)
- Corteva Agriscience (US)
- Sakata Seed Corporation (Japan)
- Groupe Limagrain (France)
- Takii & Co Ltd (Japan)
- UPL (Advanta Seeds) (India)
- DLF (Denmark), Mahyo (India)
- Longping Hitech (China)
