Tomato Seeds Market Current Share, Leading Key Player, Attractive Segmentations and Business Overview 2024

Market Highlights

Tomatoes are included in diet or dishes to enhance the flavor and taste of the food. Tomatoes are also processed to store for future use. Demand for tomato-based processed food products is increasing among consumers globally. Tomato-based processed food includes soups, sauces, curries, juices, powder, and many more. The processed tomato products are available in the form of frozen and canned products. The factors above are influencing the farming of tomatoes and likely to drive the market growth of tomato seeds. However, the major challenges being faced by the tomato growers are climatic change, resistance developed by pests, poor infrastructure and, post-harvest loss, which are hindering the growth of the global tomato seeds market. The global tomato seeds market is projected to grow at a significant rate of 6.5% from 2019 to 2024 to reach a market value of USD 12.20 billion by the end of 2024.

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Based on category, the global tomato seeds market has been segmented into organic, and conventional. The conventional segment is expected to dominate the global tomato seeds market owing to the availability of several varieties of tomatoes grown by the conventional method of farming, and high consumption rate of those tomatoes across the globe. The conventional farming of tomato is cost-effective and provides a higher yield. However, the organic segment is expected to grow with the higher CAGR during the forecast period owing to the surging demand for organic tomatoes among health-conscious consumers and increasing application of those tomatoes in food processing industries.

Key Players

Some of the key players in the global Tomato Seeds Market are Asia Seed Co., Ltd. (South Korea), Vilmorin & Cie SA (France), Syngenta Crop Protection AG (Switzerland), Rijk Zwaan Zaadteelt en Zaadhandel B.V. (Netherlands), Advanta Seeds Pty Ltd (Australia), Bejo Zaden BV (Netherlands), VoloAgri Group, Inc. (US), Takii & Company, Limited. (Japan), Liaoning Dongya Agricultural Development Co., Ltd., (China), Mahindra Agri Solutions Ltd. (India), Gansu Dunhuang Seed Co., Ltd. (China), BASF SE (Germany), Namdhari Seeds Pvt. Ltd (India), Sakata Seed Corporation (Japan), East-West Seeds (Thailand).

Regional Analysis

The global tomato seeds market has been segmented on the basis of region, into Asia-Pacific, North America, Europe, and Rest of the World.

North America is projected to dominate the global tomato seeds market due to the increasing awareness regarding the high nutritional value of tomatoes, which has increased the consumption rate of tomatoes in the region. In addition, the presence of prominent vendors in the region is also driving the regional market growth. The analysis shows that the US has the highest market share in the North American tomato seeds market as compared to other countries.

Asia-Pacific tomato seeds market is expected to grow with the highest CAGR due to rising demand for food, due to a favorable climate for tomato farming and, increasing population in this region.

Segmentation

The global tomato seeds market has been segmented on the basis of category, variety, plant type, and region.

By category, the global tomato seeds market has been classified as organic and conventional.

By variety, the global tomato seeds market has been classified as heirloom and hybrid.

The global tomato seeds market has also been segregated, on the basis of plant type, into determinate, and indeterminate.

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