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.
View
summary of this report @ http://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.
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this category @ http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
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