The global buckwheat seed market size is expected to reach USD 38.42 Million in 2032. The buckwheat seed market is growing rapidly.
As per FMI Analysts, the global Buckwheat seed market is estimated to be valued at USD 25.96 Million in 2022 and is projected to increase at a CAGR of 4.0% in the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Buckwheat Seed Market Estimated Base Year Value (2021) | USD 24.96 Million |
| Buckwheat Seed Market Expected Market Value (2022) | USD 25.96 Million |
| Buckwheat Seed Market Anticipated Forecast Value (2032) | USD 38.42 Million |
| Buckwheat Seed Market Projected Growth Rate (2022 to 2032) | 4.0% CAGR |
Buckwheat seed is a pseudo cereal containing high antioxidant and antioxidant compounds, which help reduce cancer development. Buckwheat seed is also used in beverage formulation for preventing liver fattening and in animal feed to give proper nutrition to animals. Other than animal feed, buckwheat seed is also used in weight loss supplements. The diversified End User of buckwheat seed is projected to drive the growth of the buckwheat seed market over the forecast period.
A lot of deaths all over the world are caused by cardiovascular disease, which shows that consumers are at risk of cardiovascular disease. Therefore, consumers are moving toward low-fat foods and also toward other healthy sources of food, such as buckwheat seeds rich in fiber, complex carbohydrates, and less fat; this, in turn, is shifting the buckwheat seed market size.
In the cosmetic and personal care industry, buckwheat seed is growing in popularity due to the fact that consumers are experiencing skin problems and hair loss problems due to various factors such as aging, improper diet, and environmental factors from pollution and rise in temperatures, who are driving the demand for buckwheat seed consumers by increasing the business profit for manufacturers operating in the buckwheat seed market.
The growing agriculture industry increased awareness about the health benefits of vegetables, and expanding agricultural land in this region are the key factors driving the buckwheat seed market in this region. China and India are two countries that produce and consume the most vegetables in the region.
The world's largest vegetable seed market is China, and these factors could translate into the region dominating the global market. However, the European market will also prove to have considerable demand owing to the rapid development of breeding technologies that result in high-quality planting seeds, propelling the buckwheat seed market share.
Growing demand for hybrid seeds of tomato, lettuce, and sweet pepper is fueling the North American market in the foreseeable future. The vegetable planting seeds industry is heavily dependent on vegetables in the USA as well as Canada and Mexico.
As a result of a rise in the area under cultivation of vegetables and increasing awareness of vegetable consumption regularly, the market in the Middle East and Africa is growing. Turkey is also a key market for buckwheat seed in the region, supporting its sales through high demand for buckwheat seed in local and international markets.
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The buckwheat seed market has received a lot of traction in the industry.
The growth of the buckwheat seed market is driven by the multiple End Users of buckwheat seed that are expected to drive the market over the forecast period. Buckwheat seed is a pseudo-cereal that contains polyphenols that can fight cancer. Buckwheat seed is also used in beverages that reduce liver fattening and in animal feed to ensure proper nutrition.
Consumer awareness of healthy food consumption and attention to protein, carbohydrate, and fat consumption is leading to an increase in buckwheat seed consumption today. This, in turn, leads to better business profits for manufacturers.
According to WHO (World Health Organization), 31% of all death all over the world is caused by cardiovascular disease. Since consumers have a high risk of cardiovascular disease, they are increasing their intake of low-fat foods. Consumers are also choosing food items such as buckwheat seed - a healthy food source containing fiber, complex carbohydrates, and less fat.
Increasing demand for buckwheat seeds has been experienced by cosmetic and personal care manufacturers since a variety of factors such as advancing age, improper diet, and environmental factors like pollution and rising temperature increase the risk of skin and hair problems facing consumers, resulting in high profitability for manufacturers of buckwheat seed.
The Asia Pacific region currently holds the largest market share for buckwheat seeds, and this position is forecast to persist throughout the forecast period. The rapidly expanding agricultural industry, increasing awareness regarding the health benefits of buckwheat seeds, as well as the expanding area under horticultural crops are driving the buckwheat seed market strongly. China and India are among the key countries in the Asia Pacific region that report high levels of buckwheat seed production and consumption.
There are many factors that help to make China a leading market in the world, and these factors support the regional dominance of the global buckwheat seed market. The European market will have considerable demand due to rapid advancements in breeding technologies that result in high-quality seeds for vegetable plantings.
Market growth is forecasted for the foreseeable future in the North American market, as buckwheat seeds are high in demand in the USA, Canada, and Mexico.
Furthermore, hybrid seeds of tomato, lettuce, and sweet pepper are growing in popularity in the country, providing additional fuel to the market.
The increasing area under agricultural crops in the Middle East & Africa is contributing to the growth of the buckwheat seed market. An increase in middle-class populations in Africa also contributes to the expansion of the market. Turkey is a key market for buckwheat seeds in the region, with high demand both locally and abroad.
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Some of the leading companies operating in the global buckwheat seed market include Agrotrade Group, High Mowing Seed Company, Seed Co. Limited, Kaveri Seed Company Limited, Pioneer Hi-Bred International, Inc., AB Company Seeds Ltd., Kingherbs Limited, Qingdao Sunrise Biotechnology Co., Ltd., Gansu Zhanhua Import & Export Co., Ltd. Ningxia Original Crops Co., Limited and others.
Companies in this field could bribe consumers by providing them with complimentary items with the product. They could even open up their own factory outlet in order to directly reach consumers. Manufacturers could also offer attractive discounts and offers on buckwheat seeds to attract consumers, thus enriching their business profits, therefore propelling the growth of the buckwheat seed market.
In addition to being used in animal feed for proper nutrition, buckwheat seed is also used in making weight loss supplements. These are all uses of buckwheat seed predicted to drive the growth of the buckwheat seed market over the forecast period thanks to the diversified End Users of buckwheat seed. Due to consumers' awareness of healthy foods and their increased awareness of protein, carbohydrate, and fat consumption, buckwheat seed consumption is increasing today. This leads to better business profits for the manufacturers, creating opportunities for the growth of the buckwheat seed market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.0% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type of Source, By Type, End User, Distribution Channels |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, Australia, New Zealand, China, India, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, GCC Countries, Turkey, South Africa, North Africa |
| Key Companies Profiled | Agrotrade Group; High Mowing Seed Company; Seed. Co. Limited; Kaveri Seed Company Limited; Pioneer Hi-Bred International, Inc.; AB Company Seeds Ltd; Kingherbs Limited; Qingdao Sunrise Biotechnology Co., Ltd.; Gansu Zhanhua Import & Export Co., Ltd.; Ningxia Original Crops Co., Limited; Others. |
| Customization | Available Upon Request |
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The global buckwheat seed market is set to exceed USD 38.42 Million in 2032.
The USA is projected to lead the buckwheat seed market during the forecast period.
Agrotrade Group, High Mowing Seed Company, Seed Co. Limited, and others are some of the renowned companies in the buckwheat seed market.
1. Executive Summary | Buckwheat Seed Market 2. Market Overview 3. Market Background 4. Global Market Pricing Analysis 5. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032) 6. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by Source 6.1. Organic buckwheat seed 6.2. Conventional buckwheat seed 7. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by Type 7.1. Roasted buckwheat seed 7.2. Non-roasted buckwheat seed 8. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by End User 8.1. Food and beverage Industry 8.2. Cosmetics and personal care industry 9. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by Distribution Channel 9.1. B2B, B2C 9.2. Store-Based Retailing 9.3. Grocery Retailers 9.4. Modern Grocery Retailers 10. Global Market Analysis (2017 to 2021) and Forecast (2022 to 2032), by Region 10.1. North America 10.2. Europe 10.3. East Asia 10.4. South Asia 10.5. Latin America 10.6. Middle East & Africa 10.7. Oceania 11. North America Market Analysis and Forecast 12. Europe Market Analysis and Forecast 13. East Asia Market Analysis and Forecast 14. South Asia Market Analysis and Forecast 15. Latin America Market Analysis and Forecast 16. Middle East & Africa Market Analysis and Forecast 17. Oceania Market Analysis and Forecast 18. Global Market Analysis Key Countries 19. Competition Landscape 20. Competition Analysis 20.1. Agrotrade Group 20.2. High Mowing Seed Company 20.3. Seed. Co. Limited 20.4. Kaveri Seed Company Limited 20.5. Pioneer Hi-Bred International, Inc. 20.6. AB Company Seeds Ltd 20.7. Kingherbs Limited 20.8. Qingdao Sunrise Biotechnology Co., Ltd. 21. Appendix 22. Definitions of Analytical Frameworks 23. Sources and References
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