Organic Seed Market to Hit $6.7 Billion by 2027, Says Global Market Insights Inc.
SELBYVILLE, Del., July 13, 2021 (Newswire.com) - The global organic seed market value is projected to cross USD 6.7 billion by 2027, according to a new research report by Global Market Insights Inc. Rising demand for organic ingredients from the food & beverage sector, coupled with stringent regulation pertaining to the use of chemicals including synthetic herbicides and pesticides, are anticipated to positively influence the market statistics.
Growing demand for organic certified food products in developed countries such as Canada, U.S., Germany, France, Italy, and Australia will further drive the market expansion over the forecast period.
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The organic seed market from the oil seed segment accounted for more than USD 500 million in 2020. Oil seeds are used to extract edible oil used for human consumption and oil used in other applications such as pharmaceuticals and cosmetics. Therefore, rapid growth in the food, pharmaceutical, and cosmetic industry across the globe boost the sale of organic oil seed products.
Some major findings of the organic seed market report include:
- Growing demand for organic products, amid increasing dietary concerns and a change in consumer spending patterns, has led to a significant increase in the production of organic crops across the globe.
- Concerns regarding chemicals and genetically modified seeds have played a major part in shifting consumer preference towards organic food consumption.
- Governments and agricultural agencies have taken multiple initiatives that include favourable policies and tax incentives to encourage organic farming.
- The crop seed product segment is projected to witness over a 7.5% CAGR between 2021 and 2027, owing to rising consumer awareness about health benefits of crops and higher product availability in Japan, India, China, and Indonesia.
- Wheat crop seeds segment is projected to reach USD 200 million by 2027 owing to increased consumption of organic wheat to produce wide range of organic certified products such as pasta, flour, macaroni, noodles, and spaghetti.
- North America's organic seed industry is anticipated to register over a 7.5% CAGR between 2021 and 2027, owing to significant shift of consumers towards healthy & sustainable lifestyle and rising concern related to impact of agriculture chemicals on the environment.
Browse key industry insights spread across 300 pages 87 market data tables and 8 figures & charts from the report "Organic Seed Market By Product (Vegetable Seeds {Leafy & Cruciferous Vegetable seeds, Gourd & Root Vegetable Seeds}, Crop Seeds {Wheat, Rice, Corn Barley & Oats}, Fruits & Nuts Seeds {Pumpkin seeds, Flax seeds}, Oil Seeds {Soybean Seeds, Sunflower Seeds}), Distribution channel (Wholesalers, Retailers, Cooperatives), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/organic-seed-market
The organic seed market from the cooperatives distribution channel segment is anticipated to register over a 7.5% CAGR between 2021 and 2027. Seed-producing cooperatives provide support and training to the members to ensure that the seed is produced according to higher quality standards. Moreover, they also provide safety insurance and jointly hiring of advisers for building critical capacity and knowledge on seed quality and testing to develop new solutions. Thus, the farmer across the globe prefers buying organic seed through seed-producing cooperatives.
The Asia Pacific organic seed market is anticipated to witness over a 9% CAGR up to 2027. Factors such as increasing health awareness, rise in disposable income, and favourable government initiatives and regulatory norms to support organic farming should drive market size in the Asia Pacific.
Browse the ToC of this report at https://www.gminsights.com/toc/detail/organic-seed-market
Browse Related Report:
Proanthocyanidins Market By Source (Grape Seed Extract, Cranberry Extract, Pine Bark Extract), Type (Type A, Type B), Application (Pharmaceuticals, Personal Care & Cosmetics, Dietary Supplements, Food & Beverage), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026
https://www.gminsights.com/industry-analysis/proanthocyanidins-market
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: Global Market Insights Inc.
