How Do Market Trends Impact Consumer Choices in the Cereals Grains Seed Market?
Ngày đăng: 24-03-2025 |
Ngày cập nhật: 24-03-2025
Cereals and Grains Seed Market Overview
The Cereals and Grains Seed Market was valued at approximately USD 84.28 billion in 2024. The industry is poised for steady growth, expected to rise from USD 87.50 billion in 2025 to reach USD 122.64 billion by 2034. This market is anticipated to expand at a compound annual growth rate (CAGR) of around 3.8% over the forecast period (2025-2034), driven by growing demand for food security, advancements in seed technology, and rising global population.
Market Drivers
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Segmentation
Segment Insights
Key Players
Recent Developments
Regions Covered
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The Cereals and Grains Seed Market was valued at approximately USD 84.28 billion in 2024. The industry is poised for steady growth, expected to rise from USD 87.50 billion in 2025 to reach USD 122.64 billion by 2034. This market is anticipated to expand at a compound annual growth rate (CAGR) of around 3.8% over the forecast period (2025-2034), driven by growing demand for food security, advancements in seed technology, and rising global population.
Market Drivers
- Growing Food Demand: Cereals and grains seed market has rising global population is fueling demand for cereals and grains, pushing farmers and agribusinesses to increase crop yield using improved seed varieties.
- Advances in Biotechnology: Technological innovations, including genetic modification and hybridization, are enhancing seed productivity and disease resistance.
- Climate Change Adaptation: The need for drought-tolerant and climate-resilient seeds is rising due to changing weather patterns impacting crop production.
- Supply Chain Modernization: Streamlined supply chains and digital agri-tech platforms are improving seed distribution and farmer access.
- Government Support: Subsidies, agricultural reform policies, and investments in research and development (R&D) from governments globally are propelling market growth.
- Consumer Preference Shift: Growing awareness about organic and non-GMO products is influencing the type of seeds in demand, creating new market niches.
- Emerging Economies: Expanding agricultural sectors in countries like India, Brazil, and parts of Africa offer significant untapped potential.
- Precision Farming: Integration of precision agriculture tools and data analytics to enhance seed performance and optimize input usage presents lucrative opportunities.
- Sustainable Agriculture Trends: Increasing adoption of sustainable farming practices opens pathways for eco-friendly and bioengineered seed variants.
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Segmentation
- By Crop Type
- Cereals: Includes wheat, rice, corn, barley, oats, and sorghum. These are staple foods across multiple regions, making this the dominant segment.
- Grains: Covers crops like millet, rye, quinoa, and triticale, which are gaining traction due to rising health consciousness and gluten-free diets.
- By Trait
- Herbicide Tolerant: Seeds designed to withstand herbicides for weed management. Popular in regions with intensive farming.
- Insect Resistant: Genetically modified seeds to combat pests, reducing the need for chemical pesticides.
- Others (Drought-Tolerant, Disease-Resistant, etc.): Focused on addressing region-specific challenges like water scarcity or soil-borne diseases.
- By Region
- North America, Europe, Asia-Pacific, Latin America, Middle East & Africa (detailed below).
Segment Insights
- The cereals and grain segment, led by corn and wheat, dominates due to their crucial role in both human food consumption and animal feed industries.
- Herbicide-tolerant seeds hold a significant market share owing to large-scale farming practices in North America and South America.
- Asia-Pacific is witnessing rapid growth due to expanding agricultural activities and rising government focus on seed technology upgrades.
Key Players
- Bayer CropScience AG
- Syngenta Group
- Corteva Agriscience
- BASF SE
- KWS Saat SE & Co. KGaA
- Sakata Seed Corporation
- UPL Limited
- Land O’Lakes, Inc.
- Rallis India Limited
- DLF Seeds A/S
Recent Developments
- In 2024, Corteva Agriscience announced the launch of new hybrid corn seeds designed for higher yields and better drought tolerance.
- Bayer CropScience partnered with a biotech startup to develop climate-smart seeds adaptable to extreme weather.
- Syngenta expanded its R&D facility in Asia-Pacific to accelerate innovation in cereal seed development.
Regions Covered
- North America: A mature market driven by advanced agricultural technologies and high adoption of GM seeds.
- Europe: Focused on sustainable farming and organic seed variants, influenced by strict regulatory frameworks.
- Asia-Pacific: Fastest-growing region with increasing government initiatives to improve food security and productivity.
- Latin America: Growing market led by countries like Brazil and Argentina, with strong demand for high-yield and pest-resistant seeds.
- Middle East & Africa: Emerging region where climate-resilient seeds are key to addressing water scarcity and improving crop yields.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis about diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com/
