Tomato is cultivated in temperate climates and greenhouses. They are used in various cuisines and have significant demand from the food industry. Increasing demand for various hybrid seeds due to its advantages such as fruit firmness, early maturity, high yield, and flavor is propelling the growth of tomato seeds market. Development of new varieties such as grape tomatoes are also fueling the growth of this market. Also, increasing awareness regarding health benefits of tomatoes such as reduction in risk of cardiovascular diseases, cancer, diabetes, and others has augmented the demand for tomatoes, which in turn is propelling the growth of tomato seeds market. Furthermore, increasing demand for tomatoes by the food processing industry for the production of paste, juice, sauce, ketchup, and others is driving the growth of tomato seeds market. However, perishable nature of tomato seeds and high initial investments are some of the barriers for tomato seeds market.
Tomato Seeds -Market Taxonomy:
On the basis of product type, tomato seeds market is segmented into:
On the basis of farming, tomato seeds market is segmented into:
Different hybrid, open pollinated, and heirloom tomato seeds are available for different varieties of tomatoes such as cherry tomato, roma tomatoes, beefsteak tomatoes and others.
Tomato Seeds -Market Outlook
The companies operating in the tomato seeds market are adopting various growth strategies such as new product development, merger and acquisition, and partnerships for business expansion. For instances, in 2017, Monsanto Company launched Seminis tomato hybrid seeds. In 2016, Advanta Limited announced partnership with A&M AgriLife Research for the development of seed technology for cash crops such as tomato.
Key players operating in the tomato seeds market include Monsanto Company, Bayer AG, Syngenta AG, Takii & Co. Ltd., Group Limagrain, Advanta Limited, Rijk Zwaan Zaadteelt en Zaadhandel B.V., VoloAgri Group, Sakata Seed Corporation, and Mahindra Agri Solution Limited.
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