Global Tomato Seeds Market Forecast (2022-2030): Insights and Trends
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 flavour 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.
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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 based on 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 outlook 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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