Vegetable Seed Market to grow at a CAGR of 6.22% (2018-2024)

The vegetable seeds market was valued at US$6.114 billion in 2018 and is projected to expand at a CAGR of 6.22% over the forecast period to reach US$8.782 billion by 2024.he demand for vegetable seeds, especially in developing countries such as China and India are still untapped and provides the multinational companies various opportunities for expansions and a wide customer base. Countries are shifting toward the adoption of high-quality seeds, due to the export potential of vegetable seeds in the global market. For instance, the adoption of high-yielding variants is on the rise in India, due to the export potential. By vegetable type, the markets for the hot pepper, eggplant, Chinese cabbage, sweet pepper, sweet pepper seeds, and lettuce seeds are expected to witness the fastest growth rate during the forecast period.