Tomato Seeds Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMFB2525 | Last Updated On: Oct 27 2022 | Available Formats

> Global Tomato Seeds Market Expected to reach a high CAGR 7.5% By 2029: DataM Intelligence

Global Tomato Seeds Market is segmented By Type (Open-Pollinated Varieties, Hybrids, Others), By Technology (Open-Field, Protected Cultivation), By Plant Growth Habit (Indeterminate, Determinate & Semi-determinate), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[150 Pages Report] The Global Tomato Seeds Market is expected to grow at a high CAGR 7.5%  during the forecasting period (2022-2029).

Tomato Seeds Market - Strategic Insights

Metrics

Details

Market CAGR

 7.5%

Segments Covered

By Type, By Technology, By Plant Growth Habit and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Tomatoes are the major dietary ingredient in humans' day-to-day life as it improves skin health and strengthens the immune system. Tomatoes are an abundant source of Vitamin C, antioxidant lycopene, folate, and vitamin, K which helps maintain blood pressure by relaxing the walls of blood vessels, reducing heart disease and cancer. Tomato seeds improve the digestion process as it contains digestive amino acids. Recently, many new tomato seeds with advanced research and development are being launched by conducting different breeding programs worldwide.

Market Dynamics:

The rising tomatoes' cultivation drives the market with growing awareness of good nutritional products and the rising global population. Thus, according to the Food and Agriculture Organization of the United Nations (FAO), the global cultivation of fresh tomatoes in 2016 was estimated to be around 160 million tonnes and increased to 182.0 million metric tons in 2017 due to rising demand on a global scale.

There is a rise in the adoption of new varieties of tomato seeds by increasing the consumer demand for specialty seeds by leading companies. For instance, in 2019, Enza Zaden launched a wide variety of product range, including beefsteak tomatoes,  cherry tomatoes, midi-plum tomatoes, colored tomatoes, and plum tomatoes, that can grow in the local soil and weather conditions. This variety of tomato seeds includes Vespucci, E15C50410, Santasty, Caravaggio, Bosco, and Grifone.

Segment Analysis:

The global Tomato Seeds market is segmented based on type, technology, plant growth habit, and region.

In terms of type, the global tomato seeds market is bifurcated into open-pollinated varieties and hybrids. Among these open-pollinated varieties has the highest market share in 2019, owing to the high level of disease resistance and productive varieties.

Similarly, hybrids segments are also increasing faster due to raising the demand for tomatoes with new tomato seed varieties. For instance, on 10th June 2020, Shriram Bioseed launches a hybrid tomato variety. The seed is named Bioseed Flexi Harvest 4 with a ‘long-shelf-life and high-yielding hybrid tomato variety.

Depending on the technology, the global specialty fats market is divided into Open-Field and protected cultivation. Among these, the open-field segment has the highest share in 2019 due to rising cultivation on open land. This is primarily due to the rising production of tomatoes for making processed food; as per the Food and Agriculture Organization of the United Nations (FAO), approximately 40 million tons of tomatoes are being processed annually in the global food factories industry.

Similarly, protected cultivation segments are also growing faster due to a surge in demand for processed food and beverages worldwide with a surge in the global population. According to an estimate of the United Nations, the global population in 2015 was 7 billion and is projected to reach over 9 billion by 2050.

Depending on the plant growth habit, the global tomato seeds are segmented into indeterminate and determinate & semi-determinate. Among these, the determinate segment had the highest market share in 2019. This growth is anticipated due to rising popularity and launching products like tomato sauces due to rising consumption. A determinate type of tomatoes is widely used for making sauces and other related products. For instance, on 10th Sep 2019, HEINZ Veggies Maker of America launched New HEINZ Tomato Ketchup. This ketchup has been made with the addition of some veggies for better taste.

Similarly, the determinate & semi-determinate segment is also growing faster due to the increase in the demand for consumption with a surge in the global population and rising per hector production. According to our World Data in 2018, the United States estimated tomatoes production was around 96 tonnes per hectare, with 7% from 2017.

Geographical Presentation

By region, the global Tomato seeds market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Europe is the dominant region for the global tomato seeds market. It is expected to grow at the highest CAGR during the forecasted period due to rising cultivation capacity with a surge in consumption followed by the North America region. According to our World Data in 201, European countries like Germany, Sweden, France, and  Russia have a total tomato production of 259.76 tonnes per hectare, 455.51 tonnes per hectare, 124 tonnes per hectare, and 35.2 tonnes per hector, respectively. This rising cultivation of tomatoes in this region has created a huge demand for tomato seeds in this region, followed by North America & Asia Pacific.

 North America is also growing faster for the tomato seeds market, owing to rising consumer consumption and cultivation with changing the people's diet systems. According to the Ukraine Organization report in Netherland, around 25000 hectares of land have been devoted to the cultivation of fresh tomatoes in 2017. Similarly, Asia Pacific is the fastest-growing region for the tomato seeds market due to rising population demand and growing cultivation per hectare. As per our World Data Statistics in 2018, countries like China, India, and Australia have total tomato productions registered to around 59, 24, and 80 tonnes per hectare.

Competitive Analysis

The global Tomato seeds market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Groupe Limagrain, Bejo Zaden BV, Takii & Co., Enza Zaden BV, Bayer AG, BASF S.E., Syngenta International AG, East-West Seed International, Abundant Seeds, Sakata Seed Corporation, and Advanta Seeds are the leading market players with significant market share.

Companies are entering into collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 5th Sep 2018, Bayers Company had been completed the biggest acquisition of Monsanto's business, 63 billion dollars. This acquisition had added the seeds & traits product to Bayer’s innovative chemical and biological crop protection portfolio.

Frequently Asked Questions

What is the Projected CAGR value of the Tomato Seeds Market?

Tomato Seeds Market is expected to grow at a CAGR of 7.5% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Tomato Seeds Market during 2022-2029.

Which is the fastest growing region in the Tomato Seeds Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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