The global organic seed market is expected to reach USD 4.59
billion by 2022, according to a new report by Grand View Research, Inc. Growing
health consciousness and environmental awareness have resulted in shift in
consumer preferences towards organic food. Such trends are projected to
complement the organic seed market in the near future. Organic food products
are devoid of any chemical exposure and are thus healthier than their conventional
counterparts. Rising disposable income and increasing market penetration are
key factors that are expected to aid the organic seed market particularly in
the emerging markets of Asia Pacific and Central & South America.
High organic seed cost is anticipated to
act as a major deterrent for market growth and development. Lack of awareness,
high demand-supply imbalance and lower awareness regarding organic food
products are some other challenges faced by market participants. Unavailability
of high quality and certified organic seeds is another prominent factor that is
anticipated to negatively impact the regional as well as global market over the
next seven years. Technological advancements, better value chain management and
wide distribution network are a few areas which offer ample growth
opportunities to the industry participants over the forecast period.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/organic-seeds-market
Further key findings from the report suggest:
·
Global organic seed market was valued at
USD 1,698.5 million in 2014 and is expected to be valued at USD 4,593.6 million
in 2022, growing at an estimated CAGR of 13.6% from 2014 to 2022.
·
Vegetable seeds dominated the global market
and accounted for over 30% of total revenue in 2014. They are also expected to
witness the highest growth rate over the forecast period.
·
North America dominated the global organic
seed market with demand share estimated at 35.7% in 2014. Asia Pacific is
projected to witness the highest growth of 14.3% from 2015 to 2022. Growing
awareness regarding benefits offered by organic seed particularly in China and
India is expected to drive the regional market over the forecast period.
·
The industry is segmented and is
characterized by high industry rivalry owing to the presence of numerous
industry participants. Region specific organic seed producers play a critical
role across the value chain. There is considerable supply-demand gap which has
arisen due to the brisk growth in demand for organic food products in the
recent past.
·
Key industry participants operating in the
global market include Seed Savers Exchange, Wild Garden Seeds, Fleuren, Johny;s
Selected Seeds, Navdanya, Maas Plant, Seeds of Change, Fedco Seeds and Vitalis
Organic Seeds.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the
organic seed market on the basis of product and region:
Global Organic Seed Product Outlook (Revenue, USD
Million, 2012 - 2022)
·
Vegetable Seeds
·
Field Crop Seeds
·
Fruit & Nuts
·
Other Vegetation
Global Organic Seed Regional Outlook (Revenue, USD
Million, 2012 - 2022)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Spain
o Italy
o Denmark
·
Asia Pacific
o China
o India
o Australia
·
Central & South America
·
Middle East & Africa
View press release of this research
report by Grand View Research: https://www.grandviewresearch.com/press-release/global-organic-seed-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment