ID: MRFR/AGR/6726-HCR | February 2021 | Region: Global | 90 pages
Tomato is one of the important vegetable crops, grown in the tropical and sub-tropical climate, and it is a major vegetable consumed globally. The cultivation of tomatoes has been exhibiting an increasing trend around the world. Some of the varieties of tomatoes are beefsteak, plum, cherry, campari, tomberries, pear, and many more. Tomato-based processed food consumption is growing globally, creating massive demand for tomato processors and helping the entry of new market players with new prospects for product development. The abovementioned factor is driving the growth of tomato seeds market. Furthermore, government organization like OECD (Organisation for Economic Co-operation and Development) is promoting the use of certified agriculture seeds with high quality, which is also catalyzing the market growth of tomato seeds. The global Tomato Seeds Market is projected to grow at a significant rate of 6.5% from 2019 to 2024 to reach a market value of USD 12.20 billion by the end of 2024.
The market is experiencing hurdles in its growth owing to the difficulties and challenges for disease management in a tomato plant, low fruit set due to increase in temperature and, loss of yield during harvesting and transportation. However, due to advancements in seed science and breeding techniques, there are potential improvements in tomato farming, which is paving the way for several lucrative opportunities for the market players to exploit.
The global tomato seeds market has been segmented based on category, by variety, by plant type, and region.
By category, the global tomato seeds market has been classified as organic and conventional.
By variety, the global tomato seeds market has been classified as heirloom and hybrid.
The global tomato seeds market has also been segregated on the basis of plant type, such as determinate, and indeterminate.
The global tomato seeds market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American tomato seeds market has further been segmented into the US, Canada, and Mexico. The European tomato seeds market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The tomato seeds market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The tomato seeds market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Tomato Seeds Market Share (%), by Region, 2018
Form: Secondary Forms and MRFR Analysis
North America is anticipated to garner the largest market share in the tomato seeds market during the forecast period. The region’s dominance can be attributed to various factors such as the presence of several numbers of market players, increasing inclination of consumers towards processed food, and the development of new varieties of tomato seeds. There are increasing trends towards the production of greenhouse tomatoes in countries such as the US, Canada, and France.
Europe is also expected to gain a significant share in the global tomato seeds market due to the rising demand for tomato-based processed food among European consumers. However, Asia-Pacific is projected to grow with the highest CAGR owing to the expanding cultivation of tomato in the region, especially in China and India. The adoption of hybrid varieties with better disease and drought resistance traits is further fueling the market growth of tomato seeds.
Global Tomato Seeds Market, by Category
Global Tomato Seeds Market, by Variety
Global Tomato Seeds Market, by Plant Type
Global Tomato Seeds Market, by Region
Frequently Asked Questions (FAQ) :
tomato seeds market is expected to expand at 6.5% CAGR from 2019 to 2024.
tomato seeds market size can reach USD 12.2 billion by 2024.
tomato seeds market is driven by the high consumption of tomato-based foods.
Disease management in tomato plants, loss of yield during harvesting, and low amount of fruits due to spike in temperatures are challenges faced by the global tomato seeds market.
North America can garner large amount of shares in the global tomato seeds market till 2024.
VoloAgri Group, Inc., Syngenta Crop Protection AG, Rijk Zwaan Zaadteelt en Zaadhandel B.V., Takii & Company, Limited., Advanta Seeds Pty Ltd, Liaoning Dongya Agricultural Development Co., Ltd., Mahindra Agri Solutions Ltd., Vilmorin & Cie SA, Bejo Zaden BV, Gansu Dunhuang Seed Co., Ltd., Sakata Seed Corporation, BASF SE, Namdhari Seeds Pvt. Ltd, East-West Seeds, and Asia Seed Co., Ltd. are major players currently working in the global tomato seeds market.