Vegetable Seeds Market Size, Share, Growth, Trends, and Global Industry Analysis: By Vegetable Type (Tomato, Cabbage, Sweet Pepper, Lettuce, Watermelon, Onion, Melon, Chinese Cabbage, Hot Pepper, Carrot, Sweet Corn, Eggplant, Okra, and Others) and Region Forecast 2019-2030

Vegetable Seeds Market size was valued at 12068.24 million in 2023 and is estimated to reach 21025.80 million by 2030, at a CAGR of 11.2% from 2024 to 2030 owing to increasing demand for vegetables over oilseed and grains. The vegetables such as tomato, cabbage, onion, watermelon, etc. crops have a high demand for seeds during the season.

Furthermore, commercial production of vegetables have created huge demand coupled with increasing awareness among the population regarding the benefits of vegetables over non-vegetarian products is expected to drive the growth of the market. For instance, in the Asia Pacific region, the number of non-vegetarians has drastically fallen in the past decade owing to the benefits of the fresh vegetables that provide health benefits. Tomato seeds is the most marketed seeds in FY 2018 accounting for a share of more than 13.5% in the global vegetable seeds.

However, vegetable seeds are perishable in nature, and the availability of alternative seeds such as spurious seeds in the rural markets coupled with high costs incurred in R&D for the development of novel technology-based seeds to enhance production are the major factors anticipated to restrain the growth of the market. Because of the worldwide market for vegetable seeds, countries are changing toward the adoption of high-quality seeds. Biotechnology is being used by vegetable seed producers to generate varieties with increased agronomic performance, climatic adaptability, disease and insect resistance, and suitability to diverse market segments, such as fresh consumption or processing. Increased investments in the vegetable seed business by major corporations are fueling the market's expansion.