Market Size of vegetable seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 8.58 Billion |
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Market Size (2030) | USD 11.94 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 5.66 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vegetable Seed Market Analysis
The Vegetable Seed Market size is estimated at 8.58 billion USD in 2024, and is expected to reach 11.94 billion USD by 2030, growing at a CAGR of 5.66% during the forecast period (2024-2030).
8.58 Billion
Market Size in 2024 (USD)
11.94 Billion
Market Size in 2030 (USD)
5.52 %
CAGR (2017-2023)
5.66 %
CAGR (2024-2030)
Largest Market by Crop Family
20.21 %
value share, Solanaceae, 2023
It is the largest segment due to a higher demand for Solanaceae crops in the local market, high export potential, increased cultivated area, and high availability of hybrid seeds.
Largest Market by Country
14.75 %
value share, United States, 2023
The subsidies provided by the government for organic cultivation, adoption of advanced technologies, and increased crop returns helped the country to be a leader in the region.
Fastest-growing Market by Crop Family
5.52 %
Projected CAGR, Solanaceae, 2024-2030
There is an increase in the demand for Solanaceae crops for domestic consumption and processing, and China is the major producer of tomatoes globally.
Fastest-growing Market by Country
11.25 %
Projected CAGR, Russia, 2024-2030
Russia is the largest country with a vast agricultural growing area and has implemented high usage of commercial seeds, leading to the fastest growth.
Leading Market Player
10.87 %
market share, Groupe Limagrain, 2022
It is mainly focused on product innovations and partnerships. It has partnered with local players to implement innovative technology to develop improved varieties.
Hybrids dominated the vegetable seed market due to their traits such as high yield, pest resistance, early bearing and uniform size of produce
- Globally, hybrid varieties dominated the vegetable seed market with a share of 80.6% in 2022, whereas open-pollinated vegetable seeds held a share of 19.4%. An increase in the need to boost vegetable production and the emergence of new pests are driving the global hybrid vegetable seed market.
- In 2022, cucurbits and unclassified vegetables are the major crops with higher adoption of hybrids, accounting for 25.8% and 22.9%, respectively, of the global hybrid vegetable seed market. Tomato, cucumber & gherkin, and pumpkin & squash were the three most significant vegetable crops, accounting for 13.0%, 12.2%, and 9.7% share of the global hybrid vegetable seed market, respectively, in 2022.
- Asia-Pacific was the major region in the world using hybrids in the cultivation of vegetables, accounting for 36.5% of the global hybrid vegetable seed market in 2022. China and India are the leading countries in the region, holding together about 56.3% of the Asia-Pacific hybrid vegetable market in 2022.
- In 2022, unclassified vegetables and solanaceous accounted for about 30.1% and 25%, respectively, of the open-pollinated vegetable seeds market in terms of value. Globally, tomato (14.9%), pumpkin & squash (6.5%), cucumber & gherkin (6.3%), lettuce (6.1%), and other roots such as sweet potato and cassava accounted major share in the global open-pollinated varieties market in 2022.
- Asia-Pacific was the largest region in the world under the open-pollinated varieties, accounting for 44.5% of the global OPV vegetable seed market in 2022, followed by Africa and Europe, which accounted for 18.5% and 15.2%, respectively. Higher input costs for hybrids and the high affordability of open-pollinated varieties are the factors driving the usage of OPV in vegetable cultivation.
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Asia-Pacific dominated the global vegetable seed market in 2022
- In 2022, the global vegetable seed market was valued at USD 7.68 billion. Asia-Pacific is the largest vegetable producer in the world. It held 30.2% of the global vegetable seed market in 2022. China and India are the largest vegetable seeds users in the region, accounting for 39% and 19.8%, respectively, of the Asia-Pacific vegetable seeds market.
- Asia-Pacific has the largest tomato seed market in the world, with 36.5% of the global tomato seed market in terms of value, and the second largest region in the cucurbits seed segment, accounting for 35.6% of the global cucurbits seed market. The total acreage of tomatoes in Asia-Pacific was 2.6 million ha in 2022.
- Europe is the second-largest vegetable seed consumer in the world. The region's share in the respective global vegetable seed market was 27.8% in 2022. The major vegetables grown were tomato, pumpkin & squash, onion, and lettuce.
- North America is the third largest vegetable seed consumer in the world. It accounted for 22.8% of the global vegetable seed market in 2022. Cucurbit seeds were produced in the region with a share of 27.9%, followed by brassicas (22.4%), unclassified vegetables (21.9%), and roots & bulbs (13.8%). North America held the major share of the cucumber & gherkin, accounting for 28.6% of the total global cucumber and gherkin seed market. The United States alone held a 19.6% share in the global cucumber & gherkin seed market in 2022.
- In Africa, the major growing vegetable family is Solanaceae crops, accounting for 20.2% of the global unclassified vegetable seed market and 50.6% of the African vegetable seed market in 2022.
- The demand for vegetables is growing rapidly due to growing awareness of the importance of eating a healthy diet and increasing usage of hybrid seeds.
