Market Size of north america grain seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 14.87 Billion |
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Market Size (2030) | USD 22.17 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 6.88 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Grain Seed Market Analysis
The North America Grain Seed Market size is estimated at 14.87 billion USD in 2024, and is expected to reach 22.17 billion USD by 2030, growing at a CAGR of 6.88% during the forecast period (2024-2030).
14.87 Billion
Market Size in 2024 (USD)
22.17 Billion
Market Size in 2030 (USD)
8.20 %
CAGR (2017-2023)
6.88 %
CAGR (2024-2030)
Largest Market by Crop
81.06 %
value share, Corn, 2023
The demand for corn increases due to the high-value crop, high Return on Investment, and increase in the demand for biofuel production by the feed and lubricants industry.
Largest Market by Country
85.03 %
value share, United States, 2023
The country is the second-largest producer of grains globally, with corn and wheat being the major contributors. The country is the leading producer of biofuel globally.
Fastest-growing Market by Crop
7.09 %
Projected CAGR, Corn, 2024-2030
The market expansion for corn seeds is driven by the crop's ability to adapt to changing weather conditions and an increase in the demand for animal feed by dairy farmers.
Fastest-growing Market by Country
7.20 %
Projected CAGR, United States, 2024-2030
It is the largest market for grain seeds due to an increase in the demand for flour and feed, and growing tortilla prices have led to an increase in the demand for grain seeds.
Leading Market Player
31.58 %
market share, Corteva Agriscience, 2022
The company has made extensive product innovations and effective partnership strategies. It has recently launched its new gene-editing technology in corn hybrids and other crops.
Hybrids dominate the market due to advancements in breeding technologies and growing consumer preference for quality produce
- In North America, the hybrid segment dominated the grain seed market, with a share of 76.6% in terms of value in 2022. Hybrids are tailored to specific growing conditions, allowing farmers to choose varieties that perform well in their particular region or environment.
- Among hybrids, the major crop produced is corn, which accounted for about 92.8% of the grain seed market in 2022. This is because hybrid corn seeds consistently produce higher yields compared to open-pollinated varieties, resulting in increased productivity and profitability for farmers.
- New plant breeding techniques are allowing the development of new hybrid varieties with desired traits by modifying the DNA of the seeds and plant cells. Innovations in plant breeding are helping address the challenges farmers face in the field every day. This, in turn, drives the hybrid seed market.
- Open-pollinated seeds exhibit a more comprehensive range of genetic diversity, allowing for flavor, color, and size variations that can appeal to different consumer preferences. As a result, there is a growing demand from organic growers for regenerative agricultural practices.
- Wheat is the second most cultivated crop in the grains and cereals segment, using open-pollinated varieties after corn. It accounted for 40.6% of the grain seed market value of open-pollinated varieties in 2022. This is because open-pollinated varieties offer a wider range of traits and genetic diversity that offer high yield and adaptability to the local environment, which can be valuable for wheat farmers.
- There is an increasing demand for hybrid seeds due to the high yield and less production area required for the same output by open-pollinated varieties, which is expected to drive the growth of hybrid seeds in the market.
Understand The Key Trends Shaping This Market
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The United States dominated the grain seed market in the region, with corn and wheat being major crops
- In 2022, grains and cereals accounted for 57.6% of the North American seed market. The total acreage under grains and cereals in the region in 2022 was 82.7 million hectares, which increased by 1.3% compared to 2021 due to an increase in the number of processing facilities and governments pushing the adoption of self-sufficiency as grains and cereals are a staple food in the diet.
- The United States is the second-largest producer of grains and cereals globally, with corn and wheat being the major contributors. The US corn seed segment accounted for 53.9% of the overall US seed market in 2022.
- Wheat, oats, and barley are the major cereals cultivated in Canada, accounting for more than 14 million hectares in 2022 and producing more than 45 million metric ton of grains. Canada is the fifth-largest producer of wheat, producing more than what is required for consumption. Canada exports wheat to more than 80 countries.
- In 2022, the Mexican grain seed market accounted for a market value of USD 961 million, which increased by 25.4% compared to 2019 due to high international commodity prices and government programs incentivizing small growers to produce basic grains. These factors are boosting Mexico’s total grain production, particularly of rice and wheat.
- The grains and cereals seed market of Rest of North America accounted for 3.3% of the region's grains and cereals seed market value in 2022. The total acreage in 2022 was 2.3 million hectares, which has decreased by 3.8% since 2017 due to tropical storms and cyclones in the major producing countries, such as Cuba and Costa Rica.
- The increasing government support and continuous demand for staple food are estimated to boost the seed market in the region during the forecast period, with a CAGR of 6.8%.
