Garden Seeds Market

Garden Seeds Market Outlook (2023 to 2033)

Newly-released Garden Seeds Market analysis report by Fact.MR reveals that global sales in 2022 were held at US$ 840 million. With 4.6% projected CAGR from 2023 to 2033, the market is expected to reach a valuation of US$ 1.4 Billion by the end of the forecast period. Vegetable Seed is expected to be the highest revenue-generating type in the market, projected to grow at a CAGR of over 4.4% from 2023 to 2033.

Attributes	Details
Global Garden Seeds Market Size in 2022	US$ 840 million
Global Garden Seeds Market Size at End of Forecast (2033)	US$ 1.4 billion
Global Garden Seeds Market CAGR (2023 to 2033)	4.6%
U.S. Garden Seeds Market CAGR (2023 to 2033)	4.4%
Key Companies Covered	Bayer (Pty) Ltd Syngenta Jackson & Perkins, Inc. Harris Seeds JK Agri Genetics Ltd. Baker Creek Heirloom Seeds Fedco Seeds, Inc. Fruition Seeds LLC Kalashseeds Pvt. Ltd. Kitazawa Seed Co. Ontario Seed Company Ltd. Prairie Garden Seeds Rohrer Seeds San Diego Seed Co. Seed Needs LLC Swallowtail Garden Seeds Territorial Seed Co.

Revenue of Garden Seeds Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

As per the research of the Garden Seeds Market by Fact.MR- a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 6.2% CAGR. With an absolute dollar opportunity of US$ 500 million, the market is projected to reach a valuation of US$ 1.4 billion by 2033.

What Key Drivers are Influencing the Market Expansion?

Garden seeds refer to the seeds that are used for planting and growing various types of plants, such as fruits, vegetables, flowers, and herbs. These seeds can be purchased from a variety of sources, including seed catalogs, online retailers, garden centers, and nurseries. Garden seeds can be either open-pollinated or hybrid, and may be organic or non-organic. They are available in different forms such as untreated seeds, treated seeds, pelleted seeds, and coated seeds.

In 2020, global vegetable and fruit seed sales were valued at around US$ 9.31 billion and it is estimated to reach about US$ 14.4 billion by 2025 with a projected growth rate of 8.2% annually. These seeds play an important role in the production of fresh and nutritious food. Consumers are becoming more aware of the importance of eating healthy, organic foods, and are seeking out garden seeds that are non-GMO and pesticide-free. The advancement in seed technology and research, and the increase in the production of vegetables and fruits drive the growth of the garden seed market.

According to the World Health Organization (WHO), one of the top 10 risk factors for death around the world is a low intake of fruits and vegetables. For instance, there were around 1.7 million deaths in the world due to low consumption of fruits and vegetables. Thus, including fruits & vegetables in a daily diet could help to prevent major Non-communicable diseases (NCD). Growing demand for vegetables in developed countries, and increasing awareness regarding the benefits of vegetables are driving the growth of the vegetable market. The increasing production of vegetables by using good quality vegetable seeds helps the market growth in upcoming years.

Region-Wise Analysis

Which Region is Projected to Offer Significant growth in the Market?

North America is a prominent shareholder of Garden Seeds with a market size of US$ 345 million in 2022 which is estimated to reach US$ 361 million in 2023. It is projected that the region will have a market worth US$ 567 million by 2033.

Canada is one of the major producers and exporters of hybrid seeds in North America, with a strong focus on corn and soybean seeds. According to data from Agriculture and Agri-Food Canada, the value of Canadian corn seed exports increased from US$ 140 million in 2016 to US$ 198 million in 2019. In the same period, the value of Canadian soybean seed exports increased from US$ 63 million to US$ 89 million. Hybrid seeds are becoming more widely available and are being developed to resist diseases and pests, as well as to produce higher yields. This trend is expected to drive the demand for hybrid garden seeds in the upcoming years.

Country-Wise Analysis

"United States Garden Seeds Market Analysis"

The market in the United States is expected to grow to be worth US$ 488.9 million by 2033, with an absolute dollar growth of US$ 171 million from 2023 to 2033. The market in the United States has grown at a CAGR of 5.9 % from 2018 to 2022 and is expected to grow at a CAGR of 4.4 % from the year 2023 to 2033.

In 2019, the organic seed sales in the United States reached around US$ 29 million, representing a 14% increase from the previous year. The demand for organic seeds is driven by the increasing popularity of organic gardening and farming, as consumers seek to reduce their exposure to pesticides and chemicals. The growing need for organic seeds helps for the growth of garden seed market.

"United Kingdom Garden Seeds Market Analysis"

The market in the United Kingdom is expected to grow to be worth US$ 58.1 million by 2033, with an absolute dollar growth of US$ 17.7 million. The market in the country has grown at a CAGR of 5.1% from 2018 to 2022 and is expected to grow at a CAGR of 3.7 % from 2023 to 2033.

In 2020, the total value of fresh fruit sales in the United Kingdom was around US$ 4.5 billion. This represents a slight increase from the previous year, when the total value of fresh fruit sales was around US$ 4.2 billion. Fruits are believed to have health benefits and are used in traditional medicine. The increasing consumption of the fruits in the United Kingdom helps for the growth of fruit seed market.

"China Garden Seeds Market Analysis"

In China, the market is expected to grow to be worth US$ 99 million with an absolute dollar growth of US$ 32.2 million till 2033. The market in China has grown at a CAGR of 5.6 % from 2018 to 2022 and is expected to grow at a CAGR of 4 % from the year 2023 to 2033.

In 2019, the total consumption of vegetables in China was around 710.65 million metric tons. The per capita consumption of vegetables in China is around 120 kg per year, which is higher than the global average of around 70 kg per year. Consumers are becoming more aware of the importance of eating fresh vegetables; this influences the growing demand for fresh vegetables. The increasing production of vegetables by using good quality vegetable seeds helps the growth of the vegetable seeds market in upcoming years.

"Japan Garden Seeds Market Analysis"

In Japan, the market is expected to grow to be worth US$ 80.9 million with an absolute dollar growth of US$ 21.6 million till 2033. The market in Japan has grown at a CAGR of 4.6% from 2018 to 2022 and is expected to grow at a CAGR of 3.2% from the year 2023 to 2033.

According to data from the Ministry of Agriculture, Forestry, and Fisheries (MAFF), in 2019, the production of herbs in Japan was around 6,200 tons, with shiso being the most commonly produced herb. Japan is known for producing a variety of traditional herbs such as shiso (perilla), yuzu (Japanese citrus), and wasabi. For instance, the Japanese seed industry is estimated to be valued at around US$ 1.05 Billion in 2019. The growing demand for healthy and organic food and the traditional uses of herbs in Japanese cuisines drives the growth of the herb seeds market.

"India Garden Seeds Market Analysis"

The market in India is expected to grow to be worth US$ 49.5 million by 2033, with an absolute dollar growth of US$ 12.1 million. The market in India has grown at a CAGR of 4.1% from 2018 to 2022 and is expected to grow at a CAGR of 2.8% from 2023 to 2033.

According to data from the Food and Agriculture Organization (FAO), in 2019, India produced around 184 million tons of vegetables, accounting for about 14% of the world's total vegetable production. The Indian seed industry is estimated to be worth around US$ 3.6 billion, with an annual growth rate of around 12%. This is expected to influence the growth of garden seed market in the upcoming years.

Category-Wise Insights

Which Type of Garden Seeds is Projected to Witness Significant Growth?

The demand of vegetable seeds is projected to witness the fastest growth as it has grown at a CAGR of 6% from 2018 to 2022 and is expected to grow at a CAGR of 4.4% from 2023 to 2033.

Vegetable seeds are a popular choice among consumers, especially those who prefer to grow their own produce. With the growing trend of home gardening and the increasing demand for organic and locally grown products, the market for vegetable seeds are growing in coming years.

Vegetable seeds segment is projected to witness the fastest growth during this period, driven by factors such as the increasing popularity of home gardening, the growing demand for organic and non-GMO vegetables, and the rising awareness about the health benefits of consuming fresh produce.

Which is the Top Distribution Channel for Garden Seeds Sales?

Online sales are projected to witness the fastest growth as it has grown at a CAGR of 5.8% from 2018 to 2022 and is expected to grow at a CAGR of 4% from 2023 to 2033.

Online sales offer several advantages for consumers, including convenience, wider product selection, and the ability to compare prices and products easily. The growing trend of online selling offers the convenience option for purchasing garden seeds from distant locations and delivered them right to your doorstep. Online sales are growing faster than store sales, which indicate that e-commerce is a primary growth driver in the retail industry during the forecast period.

Competitive Analysis

Key players in the market are Bayer (Pty) Ltd, Syngenta, Jackson & Perkins, Inc., Harris Seeds, JK Agri Genetics Ltd., Baker Creek Heirloom Seeds, Fedco Seeds, Inc., Fruition Seeds LLC, Kalashseeds Pvt. Ltd., Kitazawa Seed Co., Ontario Seed Company Ltd., Prairie Garden Seeds, Rohrer Seeds, San Diego Seed Co., Seed Needs LLC, Swallowtail Garden Seeds, and Territorial Seed Co.

A few of the recent developments in the market are:

• In January 2021, At the Pragati Diwas event, Bayer displayed four new vegetable seed varieties: Anshuman, SVHA9093, Bazlet, and Himgauri. The event was held in India's Chikaballapur, near the city of Bengaluru.
• In January 2020, Fruition Seeds LLC announced that it had expanded its product offerings to include a wider range of organic flower seeds. The new flower seed collection includes over 50 varieties of flowers, including popular favorites like zinnias, sunflowers, and marigolds.

Segmentation of the Garden Seeds Market

• By Type :

  • Vegetable Seed
  • Flower and Ornamental Seed
  • Fruit Seeds
  • Herb Seeds

• By Distribution Channel :

  • Online Sales
  • Specialized Stores
  • Convenience Stores

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa