Garden Seeds Market to Cross US$ 1.4 Billion at a CAGR of 4.6% By 2033

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Garden Seeds Market revenue was projected at US$ 840 million in 2022 and is expected to rise at a CAGR of 4.6% from 2023 to 2033, according to a recently published Fact.MR analysis. Fact.MR is a market research and competitive intelligence company. It is anticipated that the market will be valued US$ 1.4 billion by the end of 2033. From 2023 to 2033, the vegetable seed market is anticipated to expand at a predicted compound annual growth rate (CAGR) of 4.4%.

The Food and Agriculture Organization of the United Nations (FAO) estimates that 1.16 billion tonnes of vegetables were produced worldwide in 2020. As more individuals switch to vegetarian and vegan diets, the amount of veggies consumed worldwide has increased. In the next years, the market for vegetable seeds is anticipated to rise due to rising vegetable production and rising demand for vegetables in emerging nations.

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The market for garden seeds is growing as a result of rising government and venture capital firm investments in seed technology and research. For example, venture capital investment in the agriculture and food technology sector increased from US$ 20.7 billion in 2019 to a record high of approximately US$ 22.3 billion in 2020. Around US$ 7.6 billion, or the majority of the entire investment, went toward seed-stage capital.

The two countries that produce the most vegetable seeds are China and India, both of which are heavily involved in the worldwide garden seed industry. The Food and Agriculture Organization (FAO) reports that in 2019, China exported vegetable seeds valued at around US$ 882 million, while India exported vegetable seeds valued at approximately US$ 462 million. In the future years, the market for garden seeds is anticipated to rise due to the rising demand for fruits and vegetables as well as the adoption of advanced farming techniques.

Comparative Evaluation:

Baker Creek Heirloom Seeds, Fruition Seeds LLC, Kitazawa Seed Co., Ontario Seed Company Ltd., Prairie Garden Seeds, Rohrer Seeds, San Diego Seed Co., Seed Needs LLC, Swallowtail Garden Seeds, Territorial Seed Co., Baker Creek Heirloom Seeds, and FedcoSeeds, Inc. are some of the major players in the market.

The following are a few recent changes in the garden seed market:

  • In April 2020, A division of Sakata Seed Corporation called Sakata Seed America purchased the Vanguard Seed, a lettuce seed company in the United States. The company Vanguard Seed would be able to through this acquisition. The company would be able to enter the market with new lettuce kinds thanks to the acquisition.
  • In March 2021, Syngenta announced that it had acquired Valagro, a leading biostimulant and specialty nutrients company. The acquisition is part of Syngenta s strategy to expand its crop protection and seed businesses by offering a broader range of products and solutions to farmers.

The Sector with the Fastest Growth: Increasing Need for Vegetable Seeds

Vegetable seed demand is expected to grow quickly, with a strong Compound Annual Growth Rate (CAGR) of 6% projected for 2018–2022. It is anticipated that this growth trajectory will continue, with a 4.4% annual growth rate from 2023 to 2033.

Vegetable seeds have become rather popular among customers, especially those who are interested in growing their own food. The demand for organic and locally derived products is rising, and this will lead to a boom in the vegetable seeds market in the years to come.

The vegetable seeds market is expected to increase at the fastest rate throughout this time due to a number of important factors. This growth is mostly due to the growing popularity of home gardening and the increased demand for organic and non-genetically modified (GMO) veggies. This dynamic business area is also being driven by the increasing awareness of the health benefits associated with eating freshly picked vegetables.

An examination of the US garden seed market

The US garden seeds market has exhibited consistent growth, and it is expected to reach a value of US$ 488.9 million by 2033, with a significant increase of US$ 171 million from 2023 to 2033. The market is expected to grow at a CAGR of 4.4% from 2023 to 2033 after expanding at a CAGR of 5.9% from 2018 to 2022.

Sales of organic seeds in the US were estimated to have reached US$ 29 million in 2019, a significant 14% rise from the previous year. This increase is ascribed to customer preferences for less exposure to chemicals and pesticides, which are fueling the growth in popularity of organic farming and gardening. The market for garden seeds has grown overall, in large part due to the growing demand for organic seeds.

Market Segmentation for Garden Seeds

  • By Type:
    • Vegetable Seed
    • Flower and Ornamental Seed
    • Fruit Seeds
    • Herb Seeds
  • By Distribution Channel:
    • Online Sales
    • Specialized Stores
    • Convenience Stores

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Additional Information Available

With its latest product, Fact.MR offers a dispassionate evaluation of the garden seed industry, showcasing market data from 2018 to 2022 as well as projections for 2023 to 2033.

According to the study, there will be significant growth in the garden seeds market from 2023 to 2033 by region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa), by type (vegetable, flower and ornamental, fruit, and herb seeds), and by distribution channels (online sales, specialized stores, convenience stores).

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