As to the recent FMI report, the sales for organic seed is expected to surpass $10.8 billion in 2032 and grow at a CAGR of about 8.7% by the end of 2032. Consumers will better connect with the farms and farmers who produce their food supply, which has a positive impact on the organic seed market in several countries.
In 2013, the USDA updated the National Farmers Market Directory user interface to encourage real-time visitors and the creation of data-driven mobile phone applications and other products.Users can search markets by zip code to find out their hours of operation, location, available products, and payment options.
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More than 4,000 farmers markets have been approved to accept SNAP (Supplemental Nutrition Assistance Program) vouchers, which in turn increases access to fresh produce and nutritious meals improved , skyrocketing sales of organic seeds.
The growth of the organic seed market could also be supported by favorable government policies to promote organic farming.In India, for example, government programs such as the National Food Security Mission, Paramparagat Krishi Vikas Yojana and the National Food Security Mission are designed to improve organic production. This presents an important growth opportunity for the market.
Key Points from the Organic Seeds Market Study:
- The North American organic seeds market is expected to grow at a rate of approximately 1.0 between 2022 and 2032, driven by a significant change in consumer attitudes towards healthy lifestyles and eating habits The demand for organic food and drinks has increased.
- Derogations for the use of untreated non-organic seeds will expire by 2036 according to the new European Organic Regulation 2018/848, thereby promoting the organic seed market in the region.
- In the last five years alone, public and private funding for organic plant breeding and other organic seed research has increased by USD 22 million.• By 2020, the organic seed market in the oilseed segment will be worth more than $800 million. The oilseed is used to extract edible oil for human consumption, as well as oil for pharmacological and cosmetic purposes.
- The wheat seed industry is projected to reach $300 million by 2027 due to increasing consumption of organic wheat to produce a wide range of certified organic products such as flour, pasta, noodles, macaroni and spaghetti.“Key players in the market are investing heavily in RandD to launch new products and gain competitive advantage. Companies are also looking at tactics such as collaborations, acquisitions, mergers and partnerships to expand their customer base and increase sales,” said a senior IMF analyst.
Who’s Winning?
The major players covered in the global Organic Seeds Market operate focus on reaching a large consumer base by implementing various strategies such as product innovation, marketing and promotional activities, strengthening distribution channels and adopting sustainable production.
Some of the leading companies offering organic seeds are Seed Saver Exchange, Johnny’s Selected Seeds, Baker Creek Heirloom, Rijk Zwaan, Southern Exposure Seed Exchange, High Mowing Organic Seeds, Seed Savers Exchange, De Bolster Territorial Seeds Company, Navdanya and others .
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Gain valuable insight into the organic seed market
FMI offers in its new offering unbiased organic seed analysis with historical demand data (2017-2022) and forecast statistics for the period (20222032). The study discloses compelling information on the demand for organic seeds by product type (vegetable seeds, fruit and nut seeds, oilseeds and other vegetation seeds), by farm type (indoor and outdoor), by distribution channel (retailers, wholesalers, cooperatives and online channels) in five main regions.About Future Market Insights’
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