Global Organic Seed Market, By Product Type (Vegetable Seeds, Field Crop Seeds, Fruits & Nuts Seeds and Other Seeds), By Distribution Channel (Wholesaler, Retailers and Cooperatives), By Farm Type (Indoor and Outdoor) and opportunities and forecast 2020-2027
Organic Seed Market Overview
The Organic Seed Market growth rate is attributed to the shift in consumer preferences towards organic and natural products and therefore the significantly increasing demand of those products is predicted to be the main driving factor of the organic seeds industry. The surging demand for naturally derived and processed food products has led to the increasing specialise in organic plant breeding and organic farming worldwide. Organic seed may be a seed produced by organic farming methods. Organic seeds are manufactured by adhering to a set of guidelines, which restricts the utilization of chemicals or synthetic products.
Consumers are fetching more awareness about the standard and safety of the food they eat. From Growing awareness regarding the less use of chemicals in agriculture to the govt initiatives regarding the utilization of fertilizers and pesticides in agriculture and growing research & development activities associated with organic seeds is anticipated to propel the Organic Seed Market during the forecast period 2020-2025.
The major challenge for the market is attributed to the delicate infrastructure of regulatory bodies for organic farming concerning the coexistence of various agricultural practices i.e. organic, conventional, and genetically engineered, which may yield a contaminated crop is anticipated to restrain the expansion of organic seeds market within the near future.
Covid-19 Impact on Organic Seed Market:
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world.
Organic Seed Market Segment Overview
The demand for vegetable seeds is predicted to indicate significant growth due to the surging demand for vegetables such tomato, cucumber, carrot, eggplant, and okra that provide high nutrition and antioxidant properties. The rising focus of health-conscious consumers toward exotic vegetables like asparagus, broccoli, parsley, and celery has boosted the cultivation of vegetables. This is often further projected to propel the demand for vegetable seeds.
Wholesalers buy organic seeds from farmers in high quantities, store these seeds in warehouses, and resell them to retailers. Because the seeds are bought in bulk quantities from the farmers and therefore the wholesalers offer seeds at lower prices to the retailers or final consumers. The wholesalers also specialise in forming strategic alliances with farmers for the procurement of organic seeds and reliable supply. These factors are forecast to fuel the sale of organic seeds through the wholesaler distribution channels over the anticipated timeframe.
Market Analysis, Insights and Forecast – By Product Type · Vegetable Seeds · Field Crop Seeds · Fruits & Nuts Seeds · Other Seeds
Market Analysis, Insights and Forecast – By Distribution Channel · Wholesaler · Retailers · Cooperatives
Market Analysis, Insights and Forecast – By Farm Type · Indoor · Outdoor
Organic Seed Market Regional Overview
Region-wise, in terms of regions, the demand for organic food and beverages has increased in North American countries like the U.S., and Canada because of increasing awareness about health benefits offered by natural & organic products. The growing prevalence of chronic diseases and therefore the significant shift of consumers toward healthy lifestyles & food habits have increased the demand for organic food and beverages. This trend is resulting in increased demand for organic vegetables, fruits, and oilseeds within the region, which are the key attributes augmenting the regional market outlook.
Organic Seed Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Organic Seed Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Organic Seed are highlighted below.
· In May 2021, Above Food Corp. signed an acquisition agreement for acquiring Farmer Direct Organic Foods Ltd., which offers organic certified grains and legume proteins. The merger will help Above Food Corp.to expand its organic seed product portfolio.
· In March 2020, Graines Voltz, a distributor of vegetable and floral seeds, signed an agreement with BASF SE to shop for HILD Samen business based in Marbach, Germany. The acquisition will help Graines Voltz to reinforce market share within the distribution of vegetable seeds in Europe.