Market Dynamics
The global sweet corn seeds market has witnessed significant growth in the recent past, owing to increasing usage of sweet corn in processed food industry. This factor is expected to fuel sweet corn seeds market growth over the forecast period.
Based on seed category, yellow segment is expected to fuel the sweet corn seeds market growth, owing to increasing consumption of yellow corn seeds among the consumers globally. Moreover, on the basis of seed type, hybrid certified seeds segment is expected to fuel growth of the global sweet corn seeds market, owing to rising cultivation of sugary varieties of sweet corn such as hybrid, sugary white sweet corn seeds. This factor is expected to drive the market growth of the global sweet corn seeds market during the forecast period.
Furthermore, steady increase in urbanization led to surge in demand for convenient foods such as noodles and soups. The manufacturers of these products responded to this trend by introducing fast food brands of noodles and soups to retail shelves. Moreover, this has augmented demand for several food ingredients including sweet corn seeds. This factor is expected to boost the global sweet corn seeds market over the forecast period. However, high cost of the sweet corn seeds is expected to hamper growth of the sweet corn seeds market over the forecast period.
Among regions, North America and Europe are expected to account for a significant market share in the global sweet corn seeds market over the forecast period. This is attributed to the growing urbanization and government regulations in the region. For instance, in 2018, Syngenta AG received sweet corn seeds export approval from government of Europe and scientific inputs from European Food Safety Authority (EFSA).
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