The organic seed market is valued at USD 4.2 Billion in 2022, and it is expected to increase at an annual rate of around 8.7% between 2022 and 2032. In 2020, the organic seed market in the oil seed segment will be worth more than USD 0.8 Billion. Oil seed is used to extract edible oil for human consumption as well as oil for pharmacological and cosmetic uses.
Attribute | Details |
---|---|
Organic Seed Market Size (2022E) | USD 4.2 Billion |
Organic Seed Market Projected Size (2032F) | USD 10.8 Billion |
Value CAGR (2022 to 2032) | 8.7% |
According to the Nutrition Business Journal, fresh vegetables and fruits have been the top-selling category of organically farmed food since the organic food industry began retailing items over three decades ago, and it continues to outsell other food categories. According to the Organic Trade Association, conventional and natural food shops and chains account for 93% of organic sales (OTA).
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Due to the augmenting worries about health, the environment, and animal welfare, consumers prefer organically produced food and are ready to pay the price premiums set by the market which is pushing up the organic seed market in various parts of the world.
Organic products have gone from being a lifestyle choice for a tiny percentage of customers to being consumed at least periodically by the vast majority of consumers worldwide posing a positive impact on the sales of organic seed.
Health-conscious consumers prefer organic over conventional products due to the rising worries about overly artificial chemicals, processed meals, and the impact of pesticides, antibiotics, and hormones.
Organic seed is becoming more popular as the demand for organic products develops. Farmers are looking for organic seed to help fund organic plant breeding efforts. It's widely known that organic systems provide distinct growing environments than conventional systems. Also, breeding crops under organic settings can result in varieties that help organic farmers succeed while still preserving the organic integrity of the goods.
When viewed as an alternative to the dominant seed system, an organic seed system can help address larger issues in agriculture, such as the preservation of agriculture biodiversity and crop genetic diversity; seed privatization and market consolidation; agricultural production fueled by toxic high-input chemical systems; etc.
In the United States, consumer demand for organically produced commodities is increasing by double digits, offering commercial incentives for American farmers across a variety of products. Organic seeds are currently sold in approximately 20,000 natural food stores and nearly three out of four conventional supermarkets.
It, therefore, indicates the positive shift in the USA organic seed market.
The organic seed market in Canada is quickly expanding in response to unprecedented consumer demand for organic food, and manufacturers are taking advantage of this opportunity, which benefits the Canadian organic seed industry.
A significant base of low-input, nonchemical "ecological" agriculture has grown as a result of growing consumer interest in direct-to-farmer engagement, local food, and heritage varieties.
India is taking gradual steps towards establishing a stronghold over the organic seed market and holds a promising future in the industry which has been observing a sudden boost after the pandemic. According to FiBL (The Research Institute of Organic Agriculture) and IFOAM (International Federation of Organic Agriculture Movements), India holds the first rank in Asian organic farming. The country covers 23 lakh hectares of its area under organic farming.
This is, therefore, boosting the Indian organic seed market growth.
Over the projection period, the gourd & root vegetable seeds product segment is expected to increase at a CAGR of 7.8%. Gourds and root vegetables are abundant in soluble and insoluble fibers
This aids in lowering high blood glucose and blood lipids, lowering the risk of heart disease, improving gut flora health, Type 2 diabetes, and colon cancer. Product demand will increase as consumers become more aware of the health advantages of gourds and root vegetables.
By 2027, the organic seed market from the wholesaler distribution channel is expected to reach USD 4.5 Billion. Wholesalers purchase large amounts of organic seeds from farmers, store them in warehouses, and resale them to retailers.
Seeds are purchased in bulk amounts from farmers, then wholesalers sell them to merchants or final customers at lower prices. Wholesalers are also concentrating on developing strategic connections with farmers in order to purchase organic seeds and ensure consistent supply. Over the forecasted timeframe, these factors are expected to propel the selling of organic seeds through wholesaler distribution channels.
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Due to the presence of various regional and local manufacturers operating around the world, the global organic seed market is very competitive. To raise industry share and leverage growth prospects in the market, leading market participants are using various methods such as product portfolio expansion and mergers and acquisitions.
For example,
In March 2020, Graines Voltz, a distributor of vegetable and floral seeds, agreed to buy the HILD Samen company in Marbach, Germany, from BASF SE. Graines Voltz will benefit from the acquisition by increasing its market share in the distribution of vegetable seeds in Europe.
Attribute | Details |
---|---|
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Billion for Value and MT for Volume |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and MEA |
Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, and UAE |
Key Segments Covered | Product Type, Farm Type, Distribution Channel, and Region |
Key Companies Profiled | Seed Saver Exchange; Johnny’s Selected Seeds; Baker Creek Heirloom; Rijk Zwaan; Southern Exposure Seed Exchange; High Mowing Organic Seeds; Seed Savers Exchange; De Bolster; Territorial Seeds Company; Navdanya; Others |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The organic seed market stands at nearly USD 4.2 Billion in 2022 and is expected to rise at a CAGR of 8.7%.
The North American Organic Seed Market is expected to register a 7.1% CAGR between 2022 and 2032.
Up to 2027, the Asia Pacific organic seed market is expected to grow at an annual rate of 8.6%. In the region, factors such as rising health awareness, rising disposable income, and favorable government initiatives and regulatory requirements to support organic farming are expected to drive market size.
Growing demand for organic products, combined with changing consumer purchasing patterns and nutritional concerns, has resulted in a major growth in organic agricultural production around the world. Concerns about pesticides and genetically engineered seeds have contributed significantly to the increase in customer demand for organic foods.
Market Size (2024E) | USD 389.4 million |
---|---|
Market Projected Size (2034F) | USD 622.5 million |
Value CAGR (2024 to 2034) | 4.8% |
Market Size (2023) | USD 10,517.7 million |
---|---|
Market Revenue Forecast (2033) | USD 18,613.0 million |
Market Growth Rate (2023 to 2033) | 6.2% CAGR |
Expected Market Value (2023) | USD 411.5 million |
---|---|
Anticipated Forecast Value (2033) | USD 663.4 million |
Projected CAGR (2023 to 2033) | 4.9% |
market Estimated Value (2023E) | USD 12,132.9 million |
---|---|
Projected Market Value (2033F) | USD 30,996.9 million |
Value-based CAGR (2023 to 2033) | 9.8% |
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