Global Tomato Seeds Market
- 4100.00 Dollar US$
- Published date: February 5, 2021
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- Pune, Maharashtra, India
Global Tomato Seeds Market was valued US$ XX Mn in 2019 and is expected to grow around US$ XX Mn by 2027, at a CAGR of XX% during the forecast period. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis. Definition: Tomato is one of the important crop plants, on account of its nutraceutical and nutritional qualities, along with having key economic importance as a significant source of income and a foremost contributor towards food security. These plants are also used as a model for studying, biochemistry, genomics, plant physiology, genetics, and breeding and utilized to increase agronomic characteristics, for instance, tolerance to stress factors.
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Market Drivers: Tomatoes can be effective for lowering blood pressure, reinforcing the immune system, and improving skin health. Also, tomatoes contain potassium, which helps to maintain blood pressure by relaxing the walls of blood vessels. Tomato seeds are a source of Vitamin C, which helps to improve immune health. Dietary fibers present in tomato seeds help in normalizing bad cholesterol levels. Additionally, tomato seeds contain digestive amino acids, which can improve the digestion process. Tomato seeds are also rich with vitamin C, which can be beneficial for maintaining healthy skin. The high growth in the tomato seeds market sector is attributed to the increase of hybrid seed usage across developing economics, rising interest for new variations, such as grape tomatoes in matured/developed markets, growth in demand for tomatoes, thanks to the demand and growing cultivation. Also, a good return on investment in this segment is opening up opportunities and attracting growers, worldwide, to adopt hybrid tomato seeds for the production of tomatoes. On the other hand, the domain has certain limitations, like high investments, due to the rising costs, consumable nature of the seed, high R&D costs & related time frame, together with skepticism from farmers towards newer varieties. Market Segmentation: By product type, the open-pollinated/heirloom tomato seeds segment is expected to hold the largest share of the global market by 2027. Open-pollinated seeds are easy to produce and each plant can produce thousands of seeds. High economic yields can be achieved using open-pollinated seeds under less favorable growing conditions & lower crop inputs. Region-wise, North America is expected to account for a noteworthy market share of the global market by 2027. Increasing tomato production in the region is expected to drive demand for tomato seeds. For example, according to The Department of Agriculture and Agri-Food Canada, the total tomato production in Canada was pegged at 2,61,677 metric tons in 2015, which increased to 2,71,006 metric tons in 2017.
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