Market Size of india vegetable seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 701 Million |
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Market Size (2030) | USD 970 Million |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 5.56 % |
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Fastest Growing by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Vegetable Seed Market Analysis
The India Vegetable Seed Market size is estimated at 701 million USD in 2024, and is expected to reach 970 million USD by 2030, growing at a CAGR of 5.56% during the forecast period (2024-2030).
701 Million
Market Size in 2024 (USD)
970 Million
Market Size in 2030 (USD)
6.80 %
CAGR (2017-2023)
5.56 %
CAGR (2024-2030)
Largest Market by Crop Family
22.07 %
value share, Brassicas, 2023
The growing demand for carrots and cabbages from consumers and the processing industry and their adaptability to different environments are boosting the market's growth.
Largest Market by Breeding Technology
79.37 %
value share, Hybrids, 2023
There is an increase in the demand for hybrid seeds due to an increase in the cultivation area under hybrid seeds and the availability of improved hybrid seed varieties.
Fastest-growing Market by Crop Family
6.73 %
Projected CAGR, Solanaceae, 2024-2030
India is the largest producer and consumer of tomatoes, chilies, and eggplants. Due to increased cultivation, the demand for Solanaceae seeds has grown significantly.
Fastest-growing Market by Breeding Technology
5.74 %
Projected CAGR, Open Pollinated Varieties & Hybrid Derivatives, 2024-2030
Open-pollinated varieties require fewer inputs, such as fertilizer and pesticides, are less expensive than hybrid seeds, and are more affordable for low-income farmers.
Leading Market Player
6.30 %
market share, Maharashtra Hybrid Seeds Co. (Mahyco), 2022
The company has been emerging as a leader by developing new hybrid seeds with different traits, and it has a joint venture with Monsanto Investments India Pvt. Ltd.
Hybrids dominated the Indian vegetable seed market due to their high-yielding and disease-resistant traits
- India is the second-largest vegetable producer in the world after China. The production and average productivity of vegetables in India are far behind other countries due to the non-adaptability of modern agricultural practices and the use of low-yielding varieties.
- In India, hybrids and open-pollinated varieties & hybrid derivatives account for 79.4% and 20.6%, respectively, of the vegetable seed market due to an increase in the usage of hybrids in vegetable production.
- OPV seeds are more common in leafy vegetables, along with some roots and bulbs such as tapioca, yams, and sweet potato, as farmers are willing to produce them every year on some portion of the arable land for extra income. In this context, small-scale farmers use OPV seeds to save them for the next crop.
- Tomato, brinjal, okra, chili, and cucurbits are the major vegetables grown using hybrid seeds, and the varietal development in tomato and brinjal is high, with hybrid and OPVs being released from the public sector mostly in India. In India, hybrid and OPVs are estimated to register CAGRs of 5.5% and 5.7%, respectively, during the forecast period, as farmers prefer OPVs for their low price, taste, shape, and size.
- The increasing population and decreasing arable land in India are boosting the demand for high-yielding varieties of hybrids or OPVs, along with disease and pest resistance, to decrease the input costs, as 80% of Indian farmers are small and marginal farmers.
- However, with the ongoing research trials in genetically modified vegetables, GM brinjal is expected to be released in the near future. Government policies on safe and high-yielding varieties are also expected to boost the growth of the hybrid vegetable seed market in India.
Understand The Key Trends Shaping This Market
