VEGETABLE SEED MARKET ANALYSIS

Regional Analysis

Global Vegetable Seed Market: Regional Insights

Based on geography, the global vegetable seed market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regionally, North America is expected to dominate the global vegetable seed market over the forecast period owing to the growing demand for high-yielding, hybrid, and disease-resistant varieties of vegetables in the region. The vegetable seed market in the United States was valued at US$ 1,277.6 million in 2022, and it is expected to reach US$ 1,830.33 million in 2030, registering a CAGR of 4.6% during the forecast period.

Asia pacific is also expected to witness fastest growth in the global market over the forecast period owing to the high consumption of fresh vegetables in countries like China and India. According to the Coherent Market Insights analysis, the seed market in China is the second-largest in the world, after the United States, and accounts for 21% of the global market share. A total of 6,665 new vegetable varieties were registered by the vegetable seed companies in China in 2017. The country requires almost 400,000 metric tons of vegetable seeds annually to fulfill its vegetable requirements.

The vegetable seed market in India was valued at US$ 655.2 million in 2022, and it is expected to reach US$ 931.76 million in 2030, registering a CAGR of 4.5% during the forecast period.