Market Overview
Global Tomato Seeds Market is likely to touch USD 12.20 billion at a 6.5% CAGR between 2019 – 2024, according to the new report by Market Research Future (MRFR). Tomatoes are added in dishes or diet to improve the taste and flavor of the food. They are also processed in order to store it for future use.
Various factors are adding to the global tomato seeds market growth. According to the new MRFR report, such factors include improvements in tomato farming for advances in breeding techniques & seed science, growing demand for processed foods for improving living standards & increasing disposable income, and surging demand for canned and frozen products such as tomato juices, soups, pasta sauces, and more.
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On the contrary, the seeds perishable nature, high cost of research and development & associated time frame, and high investments are factors that may limit the global tomato seeds market growth over the forecast period.
Key Players
Eminent players profiled in the Global Tomato Seeds Market Report include East-West Seeds (Thailand), Sakata Seed Corporation (Japan), Namdhari Seeds Pvt. Ltd (India), BASF SE (Germany), Gansu Dunhuang Seed Co., Ltd. (China), Mahindra Agri Solutions Ltd. (India), Liaoning Dongya Agricultural Development Co., Ltd., (China), Takii & Company, Limited. (Japan), VoloAgri Group, Inc. (US), Bejo Zaden BV (Netherlands), Advanta Seeds Pty Ltd (Australia), Rijk Zwaan Zaadteelt en Zaadhandel B.V. (Netherlands), Syngenta Crop Protection AG (Switzerland), Vilmorin & Cie SA (France), and Asia Seed Co., Ltd. (South Korea).
Market Segmentation
The MRFR report gives an inclusive segmental analysis of the global tomato seeds market report based on category, variety, and plant type.
By category, the global tomato seeds market is segmented into conventional and organic. Of these, the conventional tomato seeds segment will lead the market over the forecast period. The high consumption of these tomatoes, coupled with the accessibility of different varieties of tomatoes grown by conventional farming methods, is adding to the segment’s growth.
By variety, the Global Tomato Seeds Market is segmented into hybrid and heirloom. Of these, the heirloom segment will dominate the market over the forecast period. High nutritional content, open-pollinated, and cost-effectiveness are adding to the growth of the segment.
By plant type, the global tomato seeds market is segmented into indeterminate and determinate. Of these, the determinate plant type segment will have a major share in the market over the forecast period.
Regional Analysis
Based on the region, the global tomato seeds market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), and the Rest of the World (RoW). Among these, North America is predicted to lead the market over the forecast period. The presence of several eminent players in this region, coupled with the growing awareness about tomatoes high nutritional value that in turn has boosted its consumption rate are adding to the global tomato seeds market growth in the region. The US has the maximum share in the region.
The global tomato seeds market in the APAC region is predicted to grow at a high CAGR over the forecast period. Increasing adoption of hybrid tomato seeds with better drought and disease resistance traits, growing population, and burgeoning demand for food owing to a favorable climate for tomato farming are adding to the global tomato seeds market growth in the region. China & India have the maximum share in the region for the growing cultivation of tomato.
The global tomato seeds market in Europe is predicted to have a notable growth over the forecast period. Burgeoning demand for processed food that is tomato-based among European consumers, coupled with the growing demand for frozen vegetables is adding to the global tomato seeds market growth in the region. The UK, Germany, Netherlands, and France have the maximum share in the region as they are the key importers of frozen vegetables.
The global tomato seeds market in the RoW is predicted to have sound growth over the forecast period.
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