Tomato Seeds Market Growth Statistics, Revenue By ( 2024 -2032 )
Tomato Seeds Market Outlook
Global tomato seeds market is projected to grow at a significant rate of
7.30% from 2022 to 2030 to reach a market value of USD 2250.7 Million by the
end of 2030.Tomatoes are included in diet or dishes to enhance the flavor and
taste of the food. Tomatoes are also processed to store for future use. Demand
for tomato-based processed food products is increasing among consumers
globally. Tomato-based processed food includes soups, sauces, curries, juices,
powder, and many more. The processed tomato products are available in the form
of frozen and canned products. The factors above are influencing the farming of
tomatoes and likely to drive the market growth of tomato seeds. However, the
major challenges being faced by the tomato growers are climatic change, resistance
developed by pests, poor infrastructure and, post-harvest loss, which are
hindering the growth of the global tomato seeds market.
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.
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.
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
At Market Research
Future (MRFR), we enable our customers to unravel the complexity of various
industries through our Cooked Research Report (CRR), Half-Cooked Research
Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and
Market Research Consulting Services. MRFR team have supreme objective to
provide the optimum quality market research and intelligence services to our
clients. Our market research studies by products, services, technologies,
applications, end users, and market players for global, regional, and country
level market segments, enable our clients to see more, know more, and do more,
which help to answer all their most important questions. To stay updated with
technology and work process of the industry, MRFR often plans conducts meet
with the industry experts and industrial visits for its research analyst
members.
Contact us:
Market Research
Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th
Floor New York 10013, United States of America
Sales: +1 628 258 0071 (US) +44 2035 002 764 (UK)
Email: Sales@marketresearchfuture.com
Comments
Post a Comment