Global 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.
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