The global wheat seed market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for the wheat seed uses in industrial and commercial applications.
Wheat is an essential staple crops which is readily cultivated around the world. It is produced primarily by subsidized government seed programs. The wheat crop is sold at high volume and low profit. The varieties of wheat seed are corn, rye, rice, grains, and oats. It has complex carbohydrates while they are low in fat and rich in fiber.
Wheat seed provides good source of iron, calcium, and vitamins B6. The side effects of wheat seed include irritable bowel syndrome and sluggish digestion if it is highly consumed. According to Statista, the wheat consumption reached 775.8 MT in 2020. Furthermore, major companies are using the technology to produce the hybrid seeds through breeding, making the players to create gainful insights for the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Growing cultivation of wheat seed, as a part of crucial ingredient in food products is estimated to boost the market growth.
- Growing population and increasing disposable income are major factors driving the market growth.
- Increasing consumption of wheat in form of noodles, bread buns, and confectioneries is expected to spur the growth of the wheat seed market.
- The COVID-19 pandemic had resulted in the supply chain disruption, which led to the delay in the supply of wheat seed. However, the relaxation in restrictions in the logistics industry is anticipated to propel the market growth.
- Increasing pesticides can harm the cultivation of wheat crops, thus disrupting the market growth.
- Rising advancement in agriculture technology, such as seed storing and germinating the seed, can create lucrative opportunities for the industry players in the market.
Scope of the Report
The report on the global wheat seed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Wheat Seed Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
Types (Spring Wheat Seeds and Winter Wheat Seeds) and Applications (Bakery, Dairy, Confectionery, Nutritional Supplements, and Other Applications)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
AgroVegetal S.A.; Syngenta International AG (AgriPro Seeds); Corteva Agri Science (Pioneer Seeds); ProHarvest Seeds, Inc.; and Groupe Limagrain
|
Wheat Seed Market Segment Insights
Winter wheat seeds segment is expected to grow at a robust rate
Based on types, the wheat seed market is divided into spring wheat seeds and winter wheat seeds. The winter wheat seeds segment is expected to boost at a robust rate during the forecast period owing to the better quality growth, which avoids the pre-harvest. However, the spring wheat seeds segment is anticipated to hold a large market share in the coming years in account of excess wheat seeds available for early cultivation.
Bakery segment is projected to expand at a healthy CAGR
On the basis of applications, the market is segregated into bakery, dairy, confectionery, nutritional supplements, and other applications. The bakery segment is projected to expand at a healthy CAGR during the forecast period owing to increasing consumption of bread and bread-related products. On the other hand, the confectionery segment is anticipated to account for a significant market share owing to increasing demand for nutritious food products.
Asia Pacific is anticipated to register a considerable CAGR
In terms of regions, the wheat seed market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period due to good agriculture practices. However, the market in North America is anticipated to expand at a rapid pace during the forecast period due to plethora cuisines made from wheat in Mexico.
Segments
Segments Covered in the Report
The wheat seed market has been segmented on the basis of
Types
- Winter wheat seeds
- Spring wheat seeds
Applications
- Bakery
- Dairy
- Confectionery
- Nutritional Supplements
- Other Applications
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- AgroVegetal S.A.
- Syngenta International AG (AgriPro Seeds)
- Corteva Agri Science (Pioneer Seeds)
- ProHarvest Seeds, Inc.
- Groupe Limagrain
Competitive Landscape
Key players competing in the wheat seed market are AgroVegetal S.A.; Syngenta International AG (AgriPro Seeds); Corteva Agri Science (Pioneer Seeds); ProHarvest Seeds, Inc.; and Groupe Limagrain.
Major industry players are expanding their production capacity and increasing research & development (R&D) activities to increase their market share.
In January 2021, Syngenta International AG (AgriPro Seeds) introduced an adapted soft white spring wheat to its product portfolio.
Request For Customization
Enquiry Before Buying
Speak With Analyst
