Expert opinion:global vegetable seeds market
The vegetable seeds market size is estimated at USD 6.7 billion in 2022 by ASSO Consulting Company and is expected to reach USD 9.1 billion by 2030.
Vegetable Seed is an embryonic plant enclosed in a protective outer covering. Seeds are the product of the ripened ovule, after fertilization by pollen and some growth within the mother plant. Analysis report by ASSO Consulting Company shows the global vegetable seed market size to be $ 6.7 billion in 2022 and is expected to reach $9.1 billion by 2030, with an estimated CAGR of 3.9%. Thanks to the development of smart agriculture in developing countries, green agriculture is widely favored by capital. Since COVID-19, global food prices have risen sharply, which has stimulated the confidence of growers, increasing investment in agriculture, and more and more countries attaching importance to the stability and sustainability of agriculture.
The following pie chart is the global consumption share of Vegetable Seed released by ASSO International Consulting in 2021:
Source: ASSO Consulting Company
Point 1: With the inflation problem brought about by COVID-19, more and more governments are paying attention to the development of local agriculture, and some countries have even introduced some policies to prohibit the export of certain food crops. The demand for vegetable seeds is increasing as the world's population increases, and furthermore, the demand for vegetable intake continues to grow due to rising obesity rates. The pursuit of a healthy lifestyle and the increasing population are the main intrinsic factors for the growth of vegetable seeds.
Point 2: The global vegetable seed market is quite fragmented, and although major players such as Bayer, Syngenta and Limagrain have been trying to expand their market shares, policies in various countries have limited their acquisitions and continued expansion. The market structure of this industry is relatively stable, and it is difficult to imagine that the local government encourages large international players to acquire local companies. Overall, analysts at ASSO Consulting Company believe that the market for vegetable seeds will continue to expand, and we are optimistic about this.
Click to view the full report TOC, figure and tables:
The Global Vegetable Seed Market Research Report 2022 report released by ASSO Consulting Company provides a basic overview of the Vegetable Seed industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures. The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Vegetable Seed industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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