Global Tomato Seeds Market - 2019-2026
Tomatoes are the major dietary ingredient in the day to day life of the human. As it helps to improve the skin health and to strengthen the immune system. Tomatoes are the abundant source of of Vitamin C, antioxidant glycopene, folate, and vitamin K which helps to maintain blood pressure by relaxing the walls of blood vessels, reduced the risk of heart disease and cancer. Tomato seeds improve the digestion process as it contains digestive amino acids. Recently many new varieties of tomato seeds with advanced research and development are being launched by conducting different breeding programs all over the world. The global tomato seeds market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising cultivation of tomatoes with growing awareness of good nutritional products and rising global population. Thus, according to the Food and Agriculture Organization of the United Nations (FAO) the global cultivation of fresh tomatoes in 2016 were estimated to around 160 million tonnes and has been increased to 182.0 million metric ton in 2017 due to rising demand on global scale.
There is a rise in the adoption of new varieties of tomato seeds with increasing the consumer demand of speciality seeds by leading companies. For instance, 2019, Enza Zaden had been launched wide variety of product range includes beefsteak tomatoes, cherry tomatoes, midi-plum tomatoes, colored tomatoes, 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.
The global Tomato seeds market is segmented based on type, technology, plant growth habit, and region.
In terms of type the global tomato seeds marker is bifurcated into open-pollinated varieties and hybrids. Among these open-pollinated varieties has the highest market share in 2019, owing to high level of disease resistance and productive varieties.
Similarly, hybrids segments are also increasing at faster pace due to raising the demand for the tomatoes with launch of new varieties of tomato seeds. For instance, on 10th June 2020, Shriram Bioseed launches hybrid tomato variety. The seed named Bioseed Flexi Harvest 4 with 'long-shelf life and high-yielding' hybrid tomato variety.
Depending on the technology, global speciality fats market is divided into Open-Field and protected cultivation. Among this, open-field segment has the highest share in 2019 due to rising cultivation on open land. This is primarily due to rising production of tomatoes for making processed food, as per the Food and Agriculture Organization of the United Nations (FAO), approximately 40 million tonnes of tomatoes are being processed annually in the factories in the global food industry.
Similarly, protected cultivation segments are also growing at faster pace due to surge in demand for the processed food and beverages around the globe with surge in the global population. According to an estimate of United Nation's, 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 this, determinate segment has the highest market share in 2019. This growth is anticipated due rise in popularity and launching of products like tomato sauces due to rising consumption among the people. As determinate type of tomatoes are widely used for making sauces and other related products. For instance on 10th Sep 2019 HEINZ Veggies Maker of America's had been launched of New HEINZ Tomato Ketchup. This ketchup has been made with addition of some veggies for better taste.
Similarly, determinate & semi-determinate segment is also growing at faster pace owing to increase in the demand for consumption with surge in global population and rising per hector production. According to in our World Data in 2018, the United States, total estimated tomatoes production was around 96 tonnes per hector with increase of 7% from 2017.
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 dominated region for the global tomato seeds market and expected to grow at the highest CAGR during the forecasted period due to rising cultivation capacity with surge in consumption followed by North America region. According to in our World Data in 2018 the European countries like Germany, Sweden, France, Russia has the total tomatoes production of 259.76 tonnes per hector, 455.51 tonnes per hector, 124 tonnes per hector, and 35.2 tonnes per hector respectively. This rising cultivation of tomatoes in this region have created huge demand for the tomato seeds in this region followed by North America & Asia Pacific.
North America is the also growing at faster pace for the tomato seeds market, owing to rising consumer consumption and cultivation with changing the diet systems of the people in this region. According to the Ukraine Organization report in Netherland, around 25000 hectares of land has been devoted for the cultivation of fresh tomatoes in 2017. Similarly, Asia Pacific is the fastest growing region for the tomato seeds market due rising population demand and growing cultivation per hectare in this region. As per the in our World Data Statistics in 2018, the countries like China, India, and Australia has total tomato production was registered to around 59, 24 and 80 tonnes per hector.
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 the 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 business 63 billion dollars. This acquisition had added the seeds & traits product to the Bayer's innovative chemical and biological crop protection portfolio.