Market Size of mexico vegetable seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 350.8 Million |
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Market Size (2030) | USD 489.5 Million |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 5.71 % |
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Fastest Growing by Breeding Technology | Hybrids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Mexico Vegetable Seed Market Analysis
The Mexico Vegetable Seed Market size is estimated at 350.8 million USD in 2024, and is expected to reach 489.5 million USD by 2030, growing at a CAGR of 5.71% during the forecast period (2024-2030).
350.8 Million
Market Size in 2024 (USD)
489.5 Million
Market Size in 2030 (USD)
10.78 %
CAGR (2017-2023)
5.71 %
CAGR (2024-2030)
Largest Market by Crop Family
26.87 %
value share, Solanaceae, 2023
It is the largest segment due to its higher demand in the local market and high export potential, and Mexico is one of the major producers of chili on a global scale.
Largest Market by Breeding Technology
87.33 %
value share, Hybrids, 2023
The major companies are developing new hybrids, and the adoption of hybrids is high due to the presence of traits like disease resistance, increased shelf life, and wider adaptability.
Fastest-growing Market by Crop Family
6.24 %
Projected CAGR, Solanaceae, 2024-2030
Mexico is one of the major producers of tomatoes and chilies. It is home to many tomato cultivars and uses protective structures to produce year-round yields.
Fastest-growing Market by Breeding Technology
5.72 %
Projected CAGR, Hybrids, 2024-2030
Due to inherent characteristics such as high vigor, resistance to biotic and abiotic stresses, high yield, and uniform maturity, the hybrid segment is growing at the fastest rate.
Leading Market Player
18.57 %
market share, Bayer AG, 2022
It has a wider portfolio of high-performance tomato varieties suitable for local conditions. Recently, the company has introduced disease-resistant tomato cultivars.
Hybrids dominate the Mexican vegetable seed market due to their disease-resistant characteristics and the ability to produce higher yields
- Mexico is the fourth-largest vegetable producer in the world; it accounted for a 5.3% share of the North American vegetable seed market in 2022. Due to the use of low-quality and low-yielding cultivars, Mexican vegetable production is behind that of other countries.
- Protected farming and vertical farming practices have been expanding in the country to face the shortage of acreage under domestically grown vegetables, therefore creating demand for hybrid vegetable seeds.
- Tomato, chili, and cucurbits are the major vegetables grown using hybrid seeds, and the varietal development in tomatoes and cucumbers is high, with hybrids and OPVs being released mostly from the public sector in Mexico.
- The cultivation area of vegetables using hybrid seeds increased by 18.0% between 2017 and 2022 because of high-value crops such as tomato, garlic, and lettuce. Hybrid seeds help growers produce high-quality vegetables by limiting crop loss due to different diseases.
- Mexico is one of the major importers of hybrid vegetable seeds because the majority of its farmland is used for organic cultivation, and its farmers depend on foreign nations for their seed supplies. The most common vegetable crop seeds imported by Mexico are hybrid tomatoes, lettuce, cucumbers, cabbages, peppers, and broccoli.
- The rising adoption of hybrids and the increasing area under hybrid seed cultivation are factors expected to drive the growth of the hybrid seed market during the forecast period.
Understand The Key Trends Shaping This Market
