Global Tomato Seed Market By Type ( Large Tomato Seeds, Cherry Tomato Seeds ), By Application ( Farmland, Greenhouse ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

The global Tomato Seed market was worth USD 1.25 Billion in 2023. It is projected to grow to USD 2.27 Billion by 2033, at a compound annual rate of CAGR of 7.7% between 2023 and 2033. Tomato seeds are rich in potassium, magnesium, and phosphorous as well as calcium, copper, and thiamine. Their consumption helps prevent cancer, protects against sunburns, and maintains blood pressure and heart health. They also help to reduce the risk of developing diabetes, skin conditions, and infections in the urinary tract. They are found in many food products, in different forms, all over the world.

Growing Demand:

The tomato seeds market is growing because of the increased demand for fresh produce. Tomato seeds are an important ingredient in many vegetarian meals and the demand for them is growing. According to the Business Standard, an India-based newspaper that reports on India’s horticulture production, India’s total horticulture production grew by 5.81 tonnes to 326.58 tonnes in 2021. Vegetable production also increased by 2.5% to 193.61 metric tons in 2021 from 188.91 tonnes in 2020. The market for tomato seeds is expected to grow due to the growing demand for fresh vegetables.

Technological advances are a major trend in the tomato seed market. To strengthen their market position, the key players in tomato seeds are working hard to develop technologically advanced products. Sematech Seed, a Japanese-based plant company, launched “Sicilian Rouge High GABA”, the first genome-edited tomato in the world, in March 2021. Sematech Seed’s Sicilian Rouge High-GABA tomato was created using CRISPR-Cas9 gene editing technology. This tomato has a high level of gamma-aminobutyric Acid (GABA), which is an amino acid thought to help relax and lower blood pressure.

Tomato Seed Market Scope:

By type, the market is segmented into Large Tomato Seeds and Cherry Tomato Seeds. By Application, the market is divided into Farmland and Greenhouse. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, Latin America and Middle East, and Africa. Major players profiled in the report include Limagrain, Monsanto, Syngenta, Bayer, Sakata, VoloAgri, Takii, East-West Seed, Advanta, Namdhari Seeds, Asia Seed, Mahindra Agri, Gansu Dunhuang, Dongya Seed.

Key Market Segments

Type

Large Tomato Seeds
Cherry Tomato Seeds

Application

Farmland
Greenhouse

Key Market Players included in the report:

Limagrain
Monsanto
Syngenta
Bayer
Sakata
VoloAgri
Takii
East-West Seed
Advanta
Namdhari Seeds
Asia Seed
Mahindra Agri
Gansu Dunhuang
Dongya Seed

Factors that Drive:

Hybrid seed adoption and the growing area under cultivation are two of the main factors that have driven global tomato seeds market growth. A growing awareness of the high nutritional content of tomatoes is driving high consumption to satisfy a wide range of nutritional and dietary needs.

This has led to an increase in tomato consumption, which in turn drives the demand for tomato seeds. The world is seeing a significant increase in tomato cultivation. Insufficient infrastructure, climate change, and pest resistance have all led to the development of hybrid and high-yielding seeds that can be used to help farmers increase their production.

Restraining Factors:

The global tomato seed market is restricted by high investment requirements due to high costs, the consumable nature, high R&D costs, and farmer skepticism about novel varieties.

Tomato Seed Market Trends:

The market’s growth is primarily due to a significant increase in ready-to-eat (RTE), products. This is due to busy schedules and rising disposable incomes. The market is also being driven by the increased use of tomato value-added products in the preparation of many snacks. Market growth is also being driven by the improved packaging of tomato seed products that ensures safe distribution and longer shelf life.

The increasing awareness of the many benefits of tomato oil, including the ability to heal scarring quickly and improve skin appearance, is also driving global demand. Market growth is being driven by the growing number of geriatrics and the increasing focus on physical appearance. Many manufacturers are using advanced technologies, such as genetic emasculation to create hybrid tomato seeds. Online retailers are now selling pure, organic tomato seed powder, which is expected to have a positive impact on the market.

Market Developments:

September 2020: Bayer introduced new tomato varieties to large-scale Mexican trails. The Roma-type tomato was launched, which is resistant to Tomato Brown Rugose Fruit Viral (ToBRFV).

July 2020: Syngenta purchased 100 percent of Woodbridge Seed, LLC, a California-based processing tomato seed breeding company. Syngenta has the opportunity to enter the critically important global processing tomato market.

June 2017: Syngenta obtained a non-exclusive license to use CRISPR–Cas9 Gene Editing to increase the pace of innovation in the creation of new varieties. This will allow Syngenta to bring new traits to growers quicker and efficiently.