The organic seed market is projected to witness significant growth by 2027 due to rising awareness about the benefits of organic seeds across the globe. Additionally, with growing climate consciousness, there has been an upsurge in the demand for organic farming as it is considered an eco-friendly and sustainable production method, which is likely to fuel market growth through the forecast period.
Following the COVID-19 outbreak, people have become more interested in gaining a better understanding of the food they consume and are focusing on including more organically sourced, nutrient-rich, and chemical-free products into their diets, which has favorably impacted the global industry outlook.
For detailed assessment, the market has been categorized based on crop, distribution channel, and region. On the basis of crop, the market has been divided into crop seeds, oil seeds, vegetable seeds, fruits & nuts seeds, and other vegetation (salad vegetable seeds).
By crop seeds, the market has further been segregated into corn barley & oats, wheat, rice, and others. The crop seeds sub-segment is estimated to hold more than 15% share in the organic seeds market by 2027.
The organic seed market from the wheat crop seeds segment is projected to grow at a CAGR of over 7.5% through the forecast period. The rice crops seeds segment is also set to witness substantial growth by 2027, expanding at a CAGR of above 8.5% through the projected timeline.
The corn barley & oats segment is anticipated to contribute to over 35% share in the crop seeds segment revenue by the end of the analysis time period. The organic seed market size from the other crop seeds segment is calculated to exceed USD 145 million by 2027, growing at a notable pace over the forthcoming years.
With respect to fruit & nuts seeds, the market has further been bifurcated into flax seeds, pumpkin seeds, and others. Other fruits and nuts seeds include organic seeds like thistle seeds and chia seeds. The organic seed market valuation from the other fruits & nuts segment is expected to surpass USD 260 million by 2027.
By oil seeds, the market has been segmented into sunflower seeds and soyabean seeds. The sunflower seeds segment is projected to account for over 30.0% of the organic seed market by 2027, growing at a considerable CAGR through the study timeframe. The soyabean seeds segment is speculated to exhibit substantial growth by 2027, progressing at a CAGR of approximately 7.0% over the anticipated timeline.
Other vegetation organic seeds include salad vegetable seeds. The organic seed market from the other vegetation segment is slated to reach a valuation of around USD 700 million by the end of the forecast period, expanding at a robust pace over 2021-2027.
In the regional landscape, Latin America accounted for over 8.0% of the overall market revenue in 2020 and is foreseen to register significant growth by 2027. Meanwhile, the Middle East & Africa organic seed market is estimated to observe stable growth at around 8.0% CAGR through the projected timeline. Mounting demand for organic food products in the region is likely to bolster market adoption over the following years.