Market Size of southeast asia vegetable seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 532 Million |
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Market Size (2030) | USD 708.3 Million |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 4.89 % |
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Largest Share by Country | Indonesia |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Southeast Asia Vegetable Seed Market Analysis
The Southeast Asia Vegetable Seed Market size is estimated at 532 million USD in 2024, and is expected to reach 708.3 million USD by 2030, growing at a CAGR of 4.89% during the forecast period (2024-2030).
532 Million
Market Size in 2024 (USD)
708.3 Million
Market Size in 2030 (USD)
5.21 %
CAGR (2017-2023)
4.89 %
CAGR (2024-2030)
Largest Market by Crop Family
26.49 %
value share, Solanaceae, 2023
The Solanaceae segment has the largest share due to the increasing area under the cultivation of tomato, chili, and eggplant in the region with a high seed replacement rate.
Largest Market by Country
24.92 %
value share, Indonesia, 2023
Indonesia has the largest share due to the comparatively higher area under vegetable crops in the region, followed by the high usage of hybrids and a high seed replacement rate.
Fastest-growing Market by Crop Family
5.58 %
Projected CAGR, Brassicas, 2024-2030
The rapid growth of the segment is due to an increase in the consumption of salad, the short duration of the crops, high export demand, and suitability to protected cultivation.
Fastest-growing Market by Country
6.91 %
Projected CAGR, Vietnam, 2024-2030
It is the fastest-growing segment due to an increase in the area under cultivation associated with the surge in vegetable demand and the higher adoption of hybrids.
Leading Market Player
5.03 %
market share, East-West Seed, 2022
The company has invested heavily in product innovations and the expansion of its manufacturing units. Recently, the company opened its new seed plant in the Myanmar region.
The demand for high-yielding and disease-resistant varieties is anticipated to increase during the forecast period
- Hybrid and open-pollinated varieties and hybrid derivatives are two major technologies in the region. Hybrid seeds dominated the vegetable seed market by holding a share of 75.2% in 2022 in terms of value.
- Hybrids have a higher share due to higher productivity, wider adaptability, and a high degree of resistance to biotic and abiotic stresses. For instance, in Solanaceae crops, hybrids give 50% more yield than conventional varieties. Hybrids' wider adaptability is mainly due to their high buffering capacity to environmental fluctuations.
- In 2022, Indonesia and Myanmar together accounted for about 46.0% of the total open-pollinated varieties market in the region by value. Open-pollinated varieties require fewer inputs, such as fertilizer and pesticides, and are less expensive and more affordable for low-income farmers, thus boosting the market in the region.
- Similarly, in Southeast Asia, the open-pollinated varieties and hybrid derivatives held a market share of 24.8% by value in 2022. The low share can be mainly due to the preference for high-yielding and disease-resistant hybrids.
- All crops are non-transgenic hybrids, as no countries in the region have approved commercial cultivation of transgenic hybrid vegetable seeds. The hybrid seeds segment is anticipated to be the fastest-growing segment in the region, registering a CAGR of 5.0% during the forecast period, owing to the advantages, such as high yield, disease resistance, and early maturity.
- Therefore, with increasing food demand and the implementation of commercial hybrid varieties, hybrid breeding technology is expected to dominate the market during the forecast period.
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Indonesia dominated the Southeast Asian vegetable seed market in 2022
- In Southeast Asia, the vegetable seed market was valued at USD 483.5 million in 2022. Indonesia, Vietnam, and Myanmar are the major contributors to the vegetable seed market in the region. In 2022, these countries together accounted for 49.7% of the regional market. These countries have the highest acreage in terms of vegetable cultivation, accounting for 4.7 million hectares, i.e., 53.7% of the total vegetable acreage in the region in 2022.
- Indonesia dominated the vegetable seed market, accounting for 33.4% of the market in 2022, the highest share in the region, primarily due to its large adoption of commercial seeds and increased vegetable cultivation. The country held the maximum vegetable acreage in the region, recorded at 2.0 million hectares in 2022, i.e., 23.4% of the vegetable acreage in the region.
- Vietnam and Myanmar are the other major contributors to the regional vegetable seed market. In 2022, the vegetable seed market in these countries was valued at USD 64.7 million and USD 55.5 million, respectively. The increased acreage, adoption of protected cultivation methods, and awareness about the benefits of vegetable consumption led to the growth of the seed market in these countries.
- The Philippine and Thai vegetable seed markets were valued at USD 53.8 million and USD 45 million in 2022, respectively. The local governments in these countries initiated pilot projects to encourage the local farmers to cultivate vegetables by providing financial assistance.
- Therefore, factors such as government measures, increasing production and population, growing awareness about the health benefits of raw vegetables, and the demand from processing industries are anticipated to boost the region's vegetable seed market during the forecast period.
