Garden Seeds Market Is Expected To Reach A Valuation Of US$ 840 Million By 2033

 According to Fact.MR, a market research and competitive intelligence provider, the Garden Seeds Market generated revenue of approximately US$ 840 million in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2033, reaching an estimated valuation of US$ 1.4 billion by the end of 2033. Specifically, the market for vegetable seeds is expected to grow at a CAGR of 4.4% during the same period.

Data from the Food and Agriculture Organization of the United Nations (FAO) indicates that global vegetable production reached around 1.16 billion tonnes in 2020. The rising global consumption of vegetables, driven by the increasing adoption of vegetarian and vegan diets, alongside growing vegetable demand in developing countries, is expected to fuel the growth of the vegetable seeds market in the coming years.

Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=337

The increasing investment by the government and venture capital firms for the advancement in seed technology and research augments the growth of garden seeds market. For instance, in 2020, the venture capital investment in the agriculture and food technology sector reached a record high of around US$ 22.3 billion, up from US$ 20.7 billion in 2019. Seed-stage funding accounted for the largest share of total investment, with around US$ 7.6 billion.

China and India are the largest producers of vegetable seeds, and they also have a significant presence in the global market for garden seeds. According to the data from the Food and Agriculture Organization (FAO), in 2019, China exported around US$ 882 million worth of vegetable seeds, while India exported around US$ 462 million worth of vegetable seeds in the same year. The increasing demand for vegetables and fruits, and the adoption of modern farming practices are expected to drive the growth of garden seed market in the upcoming years.

Competitive Analysis:

Key players in the market are Bayer (Pty) Ltd, Syngenta, Jackson & Perkins, Inc., Harris Seeds, JK Agri Genetics Ltd., Baker Creek Heirloom Seeds, Fedco Seeds, Inc., Fruition Seeds LLC, Kalashseeds Pvt. Ltd., Kitazawa Seed Co., Ontario Seed Company Ltd., Prairie Garden Seeds, Rohrer Seeds, San Diego Seed Co., Seed Needs LLC, Swallowtail Garden Seeds, and Territorial Seed Co.        

A few of the recent developments in the Garden Seeds Market are:

  • In April 2020, A division of Sakata Seed Corporation called Sakata Seed America purchased the Vanguard Seed, a lettuce seed company in the United States. The company Vanguard Seed would be able to through this acquisition. The company would be able to enter the market with new lettuce kinds thanks to the acquisition.
  • In March 2021, Syngenta announced that it had acquired Valagro, a leading biostimulant and specialty nutrients company. The acquisition is part of Syngenta's strategy to expand its crop protection and seed businesses by offering a broader range of products and solutions to farmers.

The Fastest Growing Segment: Rising Demand for Vegetable Seeds

The demand for vegetable seeds is poised to experience rapid expansion, having demonstrated a robust Compound Annual Growth Rate (CAGR) of 6% from 2018 to 2022. This growth trajectory is projected to continue, with an expected CAGR of 4.4% from 2023 to 2033.

Notably, vegetable seeds have gained substantial traction among consumers, particularly those inclined towards cultivating their own produce. With the surge in home gardening practices and an increasing preference for organic and locally sourced goods, the vegetable seeds market is set to flourish in the years to come.

Anticipated to be the frontrunner in growth during this period, the vegetable seeds segment is propelled by several key factors. The burgeoning trend of home gardening, coupled with heightened demand for organic and non-genetically modified (GMO) vegetables, contributes significantly to this expansion. Additionally, the growing awareness surrounding the health advantages linked to the consumption of freshly harvested produce further fuels the growth of this vibrant market segment.

Analysis of the United States Garden Seeds Market

Projected to reach a value of US$ 488.9 million by 2033, with a substantial increase of US$ 171 million from 2023 to 2033, the US garden seeds market has shown steady growth. Having expanded at a CAGR of 5.9% from 2018 to 2022, the market is anticipated to continue growing at a CAGR of 4.4% from 2023 to 2033.

In 2019, organic seed sales in the US reached approximately US$ 29 million, marking a notable 14% increase from the previous year. This upsurge is attributed to the surging popularity of organic gardening and farming, driven by consumer preferences for reduced exposure to pesticides and chemicals. This escalating demand for organic seeds contributes significantly to the overall growth of the garden seeds market.

Segmentation of the Garden Seeds Market

  • By Type :
    • Vegetable Seed
    • Flower and Ornamental Seed
    • Fruit Seeds
    • Herb Seeds
  • By Distribution Channel :
    • Online Sales
    • Specialized Stores
    • Convenience Stores
  • By Region :
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

Read More: https://www.factmr.com/report/garden-seeds-market

Contact:              
US sales Office :
Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

 

Comments

Post a Comment

Popular posts from this blog

Interesterified Fats Market Is Anticipated To Increase At 4.8% CAGR By 2033

The global Interesterified Fats market is valued at  US$ 7.5 billion  in 2023 and is estimated to exhibit expansion at a steady CAGR of  5.4%  over the next ten years. As such, worldwide sales of Interesterified Fatss are forecasted to reach  US$ 12.7 billion  by the end of 2033. Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Interesterified Fats Market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Interesterified Fats market. Download Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=2971 Key Companies Profiled Cargill Incorporated Willowton Group Bunge (Loders Croklaan) AAK KAMANI Pvt. Ltd....
Read more

Specialty Feed Additives Market to Reach US$ 20.5 Billion at a CAGR of 5.2% by 2033

  Worldwide demand for  specialty feed additives market  is projected to increase at  5.2%  CAGR From 2023 to 2033. Currently, the   global specialty feed additives market   enjoys a valuation of  US$ 12.3 billion  and is expected to reach  US$ 20.5 billion  by the end of 2033. On the other hand, through 2033, it is projected that shifting regulatory criteria for the usage of various feed ingredients and the high manufacturing costs of specialised feed additives will restrain market growth overall. For instance, the use of antibiotic growth promoters in animal feed has been outlawed in several nations due to the development of zoonotic infections caused by their excessive use, which resulted in animal drug resistance. The food additive industry underwent significant modifications and reforms as a result of this restriction, which also temporarily slowed market growth. For more insights into the Market, Request a Sample of t...
Read more

Advanced PCMs Market in South Korea is Projected to Reach a Value of US$ 802.8 Million by 2034.

  The global advanced phase change material (PCM) market is entering a phase of rapid expansion, driven by the rising focus on energy efficiency and sustainable technologies. The global advanced phase change material market is projected to advance at a CAGR of 14.8% and climb to a value of US$ 15.04 billion by 2034 . Market Overview and Growth Trajectory Advanced phase change materials, including organic , inorganic , and bio-based types, are gaining traction across multiple industries such as building & construction , textile & protective clothing , and energy systems . In 2024, the global market size is estimated at around US$ 3.78 billion , marking the beginning of a decade of strong growth. Rising energy costs, environmental regulations, and the push for low-carbon technologies are accelerating the adoption of PCMs. By 2034, the market is expected to quadruple in value, reaching US$ 15.04 billion , supported by increasing investments in green construction, cl...
Read more