San Francisco, 2 November 2018: 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.
Access Research Report
of Organic Seed Market@ 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 at: 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
·
Europe
·
Asia
Pacific
·
Central
& South America
·
Middle
East & Africa
Access Press Release of Organic Seed Market@ 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.
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