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Sweet Corn Seed Market, By Seed Type (Hybrid Certified seeds, Open Pollinated Certified Seeds, Farm Saved Seeds), By Seed Category (Yellow, White, Bicolor), By Farming Type (Organic and Conventional), By Sales Channel (Agri-specialty Retailers, Direct Sales, Online, and Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Sweet Corn (Zea mays convar) is a kind of maize also called sugar corn, grown for human consumption contains a high sugar content. Naturally occurring recessive mutation in the genes result in the formation of Sweet Corn which control formation of starch from sugar inside the endosperm of the corn kernel. Sweet Corn is also being considered as wonder food possessing various health benefits as they contain several nutritious elements in them which increase on cooking. Sweet corn has wide range of properties and is helpful in treating cancer, heart disease, diabetes and neurodegenerative disorders like Alzheimer’s disease.
Sweet Corn Seed market is expected to project a notable CAGR of 3.3% in 2032.
The global sweet corn market to surpass USD 1,088.1 million by 2032 from USD 763.8 million in 2021 at a CAGR of 3.3% in the coming years, i.e., 2022-32.. Growing applications in frozen, fresh, and canned markets, increased interest of customers towards sweet corn due to presence of various health benefits will drive the growth of the market.
FIGURE - SWEET CORN SEED MARKET
Hybrid Certified Seeds holds the largest market share
Sweet Corn Seed market is classified based on Seed Type into Hybrid Certified seeds, Open Pollinated Certified Seeds, Farm Saved Seeds. Hybrid Certified Seeds segment is dominating the market with the largest market share. Hybrid Certified Seeds provide high shelf life and have intense sugar content which make them sweet, so overall consumption of this variety is expected to be more than half of the Sweet Corn Seed market. Consumption of other seed types has also increased due to the agricultural biodiversity.
Online Sales Channel holds the largest market share
Sweet Corn Seed market is classified based on Sales Channel into Agri-specialty Retailers, Direct Sales, Online, and Others. Online Sales Channel is dominating the market with the largest market share. The surge in digitalization and turning up of online agro platforms help farmers to opt various processes of procurement and the reach of the seeds to buyers has increased, quitting the gap between farmers and retailers.
FIGURE: MARKET ANALYSIS OF SWEET CORN SEED MARKET
Growth Drivers
Consistent Demand in Various Industries
The global Sweet Corn Seeds market witnessed consistent demand in the recent past, owing to increasing usage of sweet corn in the processed food industry due to the emerging consumption of these by people in instant food preparations. Sweet Corn Seeds are also being used in preparation of candies, instant foods, cornflour, soup powders, and pizzas. Sweet Corn Seeds are also used in cosmetic industries for maintaining skin clear and young, treating rashes and irritation on skin. The remaining waste residue procured from food industries are also helpful for animal feed industries.
Nutritional Value of Sweet Corn Seeds
Sweet Corn Seeds possess a high quality of Phyto nutrition consisting antioxidants, fibre, vitamins, and minerals. These seeds improve the overall health conditions by lowering the risk of cancer, heart diseases, cholesterol, treating digestive issues, diabetes, improving vision, iron content, enhances the memory and aids in weight loss.
Restraint
High cost of the Sweet Corn Seeds
High cost of the Sweet Corn Seeds is expected to interfere with growth of the market over the forecast period. The fertilisers used for protecting the crop also costs high. Sweet Corn Seeds may also get contaminated by fungi if not stored in a proper condition and might be risky when consumed.
RECENT DEVELOPMENTS
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Sweet Corn Seed Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific holds the largest market share. The growth is attributed to the rising investments in instant food processing industries along with the emergence of new producers of Sweet Corn Seeds. Europe and North America are expected to account for a significant market share in the global sweet corn seed market over the forecast period. This is attributed to the government regulations in the region and growing urbanization and increase in production as well as consumption of seeds.
Covid-19 had unpredictable affect on global economy. The pandemic outbreak led to a sharp decline in the development of several sectors and interruption of many industries. However, one of the minimal affected sectors in the world is the agriculture sector, as agricultural activities continued to attain a huge demand for food globally. With the onset of lockdown and travel bans across many countries, there was a huge disturbance in the movement of goods, so the same with sweet corn market. It had slight negative impact on the growth of market.
Sweet Corn Seed Market Segments:
REPORT ATTRIBUTE |
DETAILS |
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Market size value in 2021 |
USD 763.8 million |
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Revenue forecast in 2032 |
USD 1,088.1 million |
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Growth Rate |
CAGR of 3.3% from 2022 to 2032 |
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Base year for estimation |
2021 |
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Quantitative units |
Revenue in USD million and CAGR from 2022 to 2032 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Seed Type, Seed Category, Farming Type, and Sales channel |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled |
Syngenta AG, Bayer AG, Corteva Inc., Vilmorin & Cie, Harris Seeds, Schlessman Seed Company, MAY Seed, Advanta Seeds, W. Atlee Burpee & Co, Johnny’s Selected Seeds, Monsanto, KWS, Limagrain, Sakata Seed, and Other Prominent Players |
Sweet Corn Seed market size was estimated at USD 763.8 million in 2021 and is expected to reach USD 1,088.1 million in 2032.
Sweet Corn is a kind of maize also called sugar corn, grown for human consumption contains a high sugar content. Naturally occurring recessive mutation in the genes result in the formation of Sweet Corn
Hybrid certified seeds, and Online sales segment accounted for the largest Sweet Corn Seed market share
Key players: Syngenta AG, Bayer AG, Corteva Inc., Advanta Seeds, Vilmorin & Cie, Harris Seeds, Schlessman Seed Company, MAY Seed, W. Atlee Burpee & Co, Johnny's Selected Seeds, KWS, Monsanto, Limagrain, Sakata Seed, and Other Prominent Players
Consistent demand in various industries (like food industry, cosmetic industry and the animal feed industry) and the nutrition value of the sweet corn seeds are the factors driving the Sweet Corn Seed market.
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