Africa Vegetable seed market was more than USD 244.43 billion in 2022, and it is anticipated to expand at USD 430.83 billion in 2031, at a CAGR of 6.5% during the forecast period 2023-2031. The growth of the market is attributed to non-profit organizations and many regional regulatory bodies promoting vegetable breeding and an increase in food demand and the need for sustainable agriculture development.
A seed is a mature ovule comprising of an embryonic plant (dormant) along with the stored nutrients required for the embryonic plant, all adjoining by a protective coat. A seed is a biological product and a living entity that can die, depending upon its genetic potential to remain viable and its storage conditions.
Vegetables are crucial part of a healthy diet and various different vegetables contains varied amounts of nutrients. A diet rich in vegetables can aid to reduce the happening of any disorder or disease, for example, eye problems and obesity among others. Moreover, eating healthy non-starchy vegetables such as spinach, lettuce, and other vegetables help in weight loss.
Thus, the need to meet diverse dietary and nutritional needs has boosted the demand for vegetables. Additionally, farmers across the globe are demanding high-quality vegetable seeds to meet this rising demand for vegetables.
According to the World Health Organization (WHO), approximately 1.7 million deaths in the world are owing to a lack/low consumption of vegetables and fruit. The rising awareness regarding the growing health concerns and the benefits of vegetables have lead to increasing demand for vegetables in the countries. Also, the low consumption of vegetables is among the top 10 risk factors for global mortality.
The Covid-19 pandemic had an unpleasant impact on the Vegetable seed market. The production has been on halt with the rise in demand and shortage of supply.
According to the International Seed Federation (ISF), the spread of corona virus had a lesser impact on the seed sector as it was considered under essential commodities to sustain the delivery of seed to farmers; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Vegetable Seed Market Trends, Drivers, Restraints, and Opportunities
Rising demand for economic development and nutrition security is anticipated to drive the market of vegetable seed market of Africa during the forecast period.
Increasing demand for Diet-based Nutritional Food is projected to spur the market expansion in coming years.
Rising Adoption of Hybrid Vegetable Seeds is estimated to propel the market growth in near future.
Factors like high capital investment and operational costs, low access to high-quality seeds and lack of awareness of the nutritional benefits of consuming vegetables are projected to hinder the market growth.
R&D investment and technological advancement in vegetable seed market in Africa are expected to offer lucrative opportunities for the market players.
Scope of the Vegetable Seed Market Report
The report on the vegetable seed market Africa includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Vegetable Seed Market – Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast
Crop type (Tomato, Cabbage, Onion, Carrot, Okra, and Others)
Kenya, Uganda, Nigeria and South Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Monsanto, Hygrotech, Kenya Seed Company, Sakata Seed Southern Africa (Pty) Ltd and Syngenta
Vegetable Seed Market Segment insights
The tomato segment is projected to constitute a large market share
Based on crop type, the Africa vegetable seed market is segregated into tomato, cabbage, onion, carrot, okra, and others. The tomato segment is expected to account for a key share of the market during the forecast period owing to varieties of fresh tomatoes and abundance of land in the region.
In 2018, the total tomato production in the country is reported to be 20.77 million tons and Florida, Karino, Heinz 1370, and Rodade are the popular cultivars of tomatoes.
However, agro segment is projected to boost the market in coming years owing to favorable agro-climatic conditions and comparatively better crop management practices in some of the countries the average yield in this region was 47% higher than that of other crops.
Asia Pacific is expected to dominate the market
In terms of country, the market is broadly classified as Kenya, Uganda, Nigeria and South Africa. South Africa is anticipated to expand at a robust CAGR during the forecast period. Largest vegetable seed production in the region and favorable climate conditions in this region are anticipated to boost the market growth over the coming years.
The Africa vegetable seed market has been segmented on the basis of:-
- South Africa
Key players competing in the Africa vegetable seed market include Monsanto, Hygrotech, Kenya Seed Company, Sakata Seed Southern Africa (Pty) Ltd and Syngenta.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.