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Global Organic Seeds Market - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-14099075 | Publishing Date : 01-Feb-2019 | No. of pages : 125
Market Overview
The organic seeds market was valued at USD 1,651.5 million in 2018 and is expected to register a CAGR of 12.7%, during the forecast period (2019-2024). In 2018, North America was the largest geographic segment of the market studied and accounted for a share of around 38.8% of the overall market.
Rising demand for organic products amid augmenting dietary concerns and a change in consumer spending patterns has led to a significant increase in the production of organic crops grown all over the world, which in turn, has enhanced the demand for organic seeds. However, the cost of the seed is becoming a significant economic barrier for farmers in a few countries, which is influencing them to choose conventional seeds over organically produced seeds.
Scope of the Report
Organic seed consumption has also witnessed growth in recent years, with vegetable seeds garnering the highest share, followed by herbs and ornamentals and others. In the pursuit of healthy food, which is free from chemicals, consumer groups are turning toward outlets that sell ‘pesticide-free’ vegetables, which, in turn, is boosting the prices of the organic produce. Hence, most of the farmers are preferably trending toward small-scale organic farming, home gardening, or back yard gardening to satiate the surplus demand.
Key Market Trends
Rising Health Consciousness and Environmental Awareness
According to the studies conducted by Iko-kai Org, the higher adoption of agricultural chemicals has not only led to the reduction of harmful insects but also beneficial insects. Harmful insects have the highest resistance to chemicals when compared to useful insects. Higher dosages of agricultural chemicals at various frequencies are used to eliminate harmful insects across many parts of the world. This has resulted in the entry of agricultural chemicals into the human body system, resulting in adverse impacts on human health, affecting the autonomic nervous system, endocrine system, sense organs, and other human body parts. Consumers have become highly vulnerable to the high chemical residue content in the foods. Owing to the increase in awareness and high adoption of strategies to limit agricultural chemicals use, organic farming has gained more importance in recent years. The rising importance of organic farming and stringent regulations posed by countries to adopt organic farming are encouraging higher sales in the organic seeds market. This is expected to boost the organic seed market’s growth potential, globally.
North America Dominates the Global Market
North America is the largest organic seeds market, due to growing organic sales over the years. There are several factors like the increasing trend of home gardening, rising demand for healthy food, and favorable government regulations, which are augmenting the organic seed sales in North America. Some of the major players in North America are High Mowing Organic Seeds, Johnny's Selected Seeds, and Southern Exposure Seed Exchange. Most of the organic sales were recorded in Canada, came from the field crops seed segment, holding almost 50% of the market share. However, most of the organic farmers in the United States are still relying on conventionally produced seeds, at least to some extent, considering them an economic alternative to organic seeds. This posed a threat to the market in the country as it may hamper the market during the forecast period.
Competitive Landscape
The organic seeds market is a highly fragmented market, with several small and medium-sized companies witnessing a minimal share in the global market. The higher market shares of players are likely to be attributed to their highly diversified product portfolios and launches of various new varieties of seeds every year. Moreover, companies are focusing on expanding their business to new regions, such as Africa and Asia-Pacific, to increase their customer base and brand awareness.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The organic seeds market was valued at USD 1,651.5 million in 2018 and is expected to register a CAGR of 12.7%, during the forecast period (2019-2024). In 2018, North America was the largest geographic segment of the market studied and accounted for a share of around 38.8% of the overall market.
Rising demand for organic products amid augmenting dietary concerns and a change in consumer spending patterns has led to a significant increase in the production of organic crops grown all over the world, which in turn, has enhanced the demand for organic seeds. However, the cost of the seed is becoming a significant economic barrier for farmers in a few countries, which is influencing them to choose conventional seeds over organically produced seeds.
Scope of the Report
Organic seed consumption has also witnessed growth in recent years, with vegetable seeds garnering the highest share, followed by herbs and ornamentals and others. In the pursuit of healthy food, which is free from chemicals, consumer groups are turning toward outlets that sell ‘pesticide-free’ vegetables, which, in turn, is boosting the prices of the organic produce. Hence, most of the farmers are preferably trending toward small-scale organic farming, home gardening, or back yard gardening to satiate the surplus demand.
Key Market Trends
Rising Health Consciousness and Environmental Awareness
According to the studies conducted by Iko-kai Org, the higher adoption of agricultural chemicals has not only led to the reduction of harmful insects but also beneficial insects. Harmful insects have the highest resistance to chemicals when compared to useful insects. Higher dosages of agricultural chemicals at various frequencies are used to eliminate harmful insects across many parts of the world. This has resulted in the entry of agricultural chemicals into the human body system, resulting in adverse impacts on human health, affecting the autonomic nervous system, endocrine system, sense organs, and other human body parts. Consumers have become highly vulnerable to the high chemical residue content in the foods. Owing to the increase in awareness and high adoption of strategies to limit agricultural chemicals use, organic farming has gained more importance in recent years. The rising importance of organic farming and stringent regulations posed by countries to adopt organic farming are encouraging higher sales in the organic seeds market. This is expected to boost the organic seed market’s growth potential, globally.
North America Dominates the Global Market
North America is the largest organic seeds market, due to growing organic sales over the years. There are several factors like the increasing trend of home gardening, rising demand for healthy food, and favorable government regulations, which are augmenting the organic seed sales in North America. Some of the major players in North America are High Mowing Organic Seeds, Johnny's Selected Seeds, and Southern Exposure Seed Exchange. Most of the organic sales were recorded in Canada, came from the field crops seed segment, holding almost 50% of the market share. However, most of the organic farmers in the United States are still relying on conventionally produced seeds, at least to some extent, considering them an economic alternative to organic seeds. This posed a threat to the market in the country as it may hamper the market during the forecast period.
Competitive Landscape
The organic seeds market is a highly fragmented market, with several small and medium-sized companies witnessing a minimal share in the global market. The higher market shares of players are likely to be attributed to their highly diversified product portfolios and launches of various new varieties of seeds every year. Moreover, companies are focusing on expanding their business to new regions, such as Africa and Asia-Pacific, to increase their customer base and brand awareness.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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