Tomato Seeds Market Outlook
The Tomato Seeds Market is poised for
substantial growth, projected to reach USD 2250.7 Million with a robust CAGR of
7.30% during the forecast period spanning 2022 to 2030, as per insights from
Market Research Future (MRFR). Leading global corporations are actively engaged
in pioneering research and development end eavors aimed at innovating new
tomato seed varieties and executing diverse breeding projects to introduce
novel seed types. This concerted effort is anticipated to fuel market expansion
significantly throughout the forecast duration.
Tomatoes boast numerous health
benefits, including the ability to lower blood pressure, enhance immune
function, and promote skin health. Their high potassium content contributes to
blood pressure regulation by relaxing blood vessel walls. Key players in the
market are channeling their focus towards launching innovative products and
advancing research and technology in genomic emasculation methods to enhance
the profitability of hybrid tomato cultivation and ensure affordable access to
hybrid tomato seeds for farmers. These strategic initiatives are poised to
facilitate the expansion of enterprises within the global tomato seeds industry
landscape.
Regional Analysis
The global tomato
seeds market has been segmented on the basis of region, into Asia-Pacific,
North America, Europe, and Rest of the World.
North America is projected to dominate
the global tomato seeds market due to the increasing awareness regarding the
high nutritional value of tomatoes, which has increased the consumption rate of
tomatoes in the region. In addition, the presence of prominent vendors in the
region is also driving the regional market growth. The analysis shows that the
US has the highest market share in the North American tomato seeds market as
compared to other countries.
Asia-Pacific tomato seeds market is
expected to grow with the highest CAGR due to rising demand for food, due to a
favorable climate for tomato farming and, increasing population in this region.
Segment Analysis
Based on category, the global tomato seeds market has been segmented into
organic, and conventional. The conventional segment is expected to dominate the
global tomato seeds market owing to the availability of several varieties of
tomatoes grown by the conventional method of farming, and high consumption rate
of those tomatoes across the globe. The conventional farming of tomato is
cost-effective and provides a higher yield. However, the organic segment is
expected to grow with the higher CAGR during the forecast period owing to the
surging demand for organic tomatoes among health-conscious consumers and
increasing application of those tomatoes in food processing industries.
The global tomato seeds market has been
segregated by variety, into heirloom, and hybrid. The heirloom segment is
anticipated to gain a larger revenue share in the global tomato seeds market
since heirloom tomatoes are likely to be more nutritious than newer varieties,
it is less expensive and, open-pollinated. Open-pollinated refers to the
variety which is self-pollinated or is pollinated by another representative of
the same variety, and the resulting seeds will produce plants roughly identical
to their parent plant. However, the hybrid segment is projected to grow with a
higher growth rate due to the high yield of tomatoes with enhanced color and
significant uniformity, and disease resistance quality in tomato plants. Rising
awareness among farmers about the benefits associated with the adoption of
hybrid seeds, through government schemes & support is accelerating the
market growth.
Based on plant type, the global tomato
seeds market has been segmented into determinate, and indeterminate. The
determinate segment is expected to dominate the global tomato seeds market. The
drivers responsible for the segment’s growth are determinate tomatoes are
ripened in a short period, these tomatoes grow to a fix mature size and,
provides good yield even tomato plants grow in the smaller surface. However,
the indeterminate segment is expected to grow with a higher growth rate since
the indeterminate tomato varieties have a longer growth period and produce
fruits until weather conditions are no longer favorable.
Key Players
Some of the key players in the global
tomato seeds market are Asia Seed Co., Ltd. (South Korea), Vilmorin & Cie
SA (France), Syngenta Crop Protection AG (Switzerland), Rijk Zwaan Zaadteelt en
Zaadhandel B.V. (Netherlands), Advanta Seeds Pty Ltd (Australia), Bejo Zaden BV
(Netherlands), VoloAgri Group, Inc. (US), Takii & Company, Limited.
(Japan), Liaoning Dongya Agricultural Development Co., Ltd., (China), Mahindra
Agri Solutions Ltd. (India), Gansu Dunhuang Seed Co., Ltd. (China), BASF SE
(Germany), Namdhari Seeds Pvt. Ltd (India), Sakata Seed Corporation (Japan),
East-West Seeds (Thailand).
Segmentation
The global tomato seeds market has been
segmented on the basis of category, variety, plant type, and region.
By category, the global tomato seeds
market has been classified as organic and conventional.
By variety, the global tomato seeds
market has been classified as heirloom and hybrid.
The global tomato seeds market has also
been segregated, on the basis of plant type, into determinate, and
indeterminate.
About US
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analyst members.
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