The Global Tomato Seeds Market size was valued at USD 1232.64 Million in 2022 and is expected to surpass USD 2172.61 Million by 2031, expanding at a CAGR of 6.5% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing awareness about the benefits and nutrition value of the tomato.
Tomato seeds are used to cultivate the tomatoes. It is very nutritional and has many health and skin benefits like reduce risk oh health problems such as cancer and heart diseases. It is good source of vitamin C, vitamin K and potassium, amino acids, minerals, and dietary fibers. Tomato seeds lower blood pressure, normalize cholesterol, great for digestion, and strengthen the immune system.
There is high profit associated with the cultivation of tomato. It lowers the frequency of diseases and pests. Tomato seeds help to maintain a healthy and glowing skin. Tomatoes are used in many ways such as salads, sauces, soups, drinks, and dishes either raw or cooked. Tomato seeds are used for studying genetics, breeding, genomics, and biochemistry.
Market Trends, Drivers, Restraints, and Opportunities
Rising demand and growing cultivation is increasing the usage of tomato seeds across developing countries is expected to fuel the market in the coming years.
Rapid growth of the food processing industry is the major factor spurring the market during the forecast period.
High cost of hybrid tomato seed is estimated to hamper the market expansion.
Poor infrastructure, climate change, post-harvest loss act as major challenges that can impede the market growth during the forecast period.
Technological developments and innovations adopted by the companies for tomato seeds are projected to offer lucrative opportunities for the market players.
Scope of Tomato Seeds Market Report
The report on the global tomato seeds market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Tomato Seeds Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Cherry Tomato Seed and Large Tomato Seed), Applications (Protected Cultivation and Open-field Cultivation) and Traits (Hybrid, Open-pollinated Varieties)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Tomato Seeds Market Segment Insights
Based on types, the global tomato seeds market is fragmented into cherry tomato seed and large tomato seed. The large tomato seed segment is expected to account for a key share of the market during the forecast period owing to the increasing demand for large tomato seeds in the food processing industry.
However, the cherry tomato seed segment is anticipated to expand at a rapid pace during the forecast period due to high profit margin associated with it and it is becoming popular because of its nutrient content.
On the basis of applications, the global tomato seeds market is segmented into protected cultivation, open-field cultivation. The open field cultivation is expected to hold a key share of the market in the coming years due to tomato can be grown in open field cultivation. It is popularly used technique to grow tomato as protected cultivation include high cost in process so it increase the use of open field cultivation for tomato.
In terms of traits, the global tomato seed market is bifurcated into hybrid, open-pollinated varieties. The hybrid trait is expected to constitute a key share of the market during the forecast period owing to it produces more yields and also mature earlier than open-pollinated. Many farmers sow hybrid tomato seed as it is diseases resistant and gives better quality of fruit.
On the basis of regions, the global tomato seeds market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to rising tomato cultivation. India and China in Asia Pacific region are leading producers of tomato across the globe.
However, North America is expected to exhibit a rapid growth rate in the coming years due to innovative techniques, skilled farmers, and well-established agriculture sector.
The global tomato seeds market has been segmented on the basis of
- Cherry Tomato Seed
- Large Tomato Seed
- Protected Cultivation
- Open-field Cultivation
- Open-pollinated Varieties
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Bejo Zaden BV
- Abundant Seeds Pvt Ltd.
- Takii & Co., Ltd.,
- Groupe Limagrain
- Sakata Seed corporation
- Syngenta AG
- Namdhari Seeds Private Limited
- East-West Seed International
Key players competing in the global tomato seeds market include Bejo Zaden BV, Groupe Limagrain, Abundant Seeds Pty Ltd., Takii & Co., Ltd., Sakata Seed Corporation, Syngenta AG, Namdhari Seeds Private Limited, and East-West Seed International. Some of these players are establishing their business across the world through several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares in the tomato seeds market. For instance,
- In June 2018, Bayer AG acquired Monsanto Company to increase its profit across the world.
- In January 2018, Hazera Seeds Ltd. Introduced new seed in the market called Shanty to increase their existence in market.