The global wheat seeds market was valued at USD 2269.3 million in 2018, and it is expected to register a CAGR of 4.69% during the forecast period (2019-2024). In 2018, North America was the largest geographical segment of the market studied and accounted for a share of around 35.03% of the overall market.
Global Wheat Seed Market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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– The global wheat consumption has increased over the past ten years from 2008. According to USDA the wheat consumption by humans has increased by 90 million metric tons and wheat usage for domestic feeds has increased by 16 million metric tons.
– According to FAO and AIMS, per capita consumption of wheat in 2018 was 66.8 kilograms per year. EU, China, India, Russia, and the United States are the major wheat producing countries.
Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
Advanta Seeds, Agrovegetal, AGT, Bayer Crop Science, Corteva Agriscience, Groupe Limagrain, Northern Seeds, Pro Harvest, RAGT, Syngenta
North America is the largest market in revenue
In 2018, North America is the largest market holding 35.03% of the total market share and is forecasted to be the largest market during the forecast period 2019-2024. Europe and Asia-Pacific hold the second and third position respectively. According to USDA, global wheat trade has to increase in order to meet the global demand for cereals and grains including wheat in the upcoming years. The decreasing export supply from Russia, Europe, and drought affecting the Australian wheat export quantity will lead to an increase in North America’s wheat export. In 2017, the Taiwan Flour Millers Association (TFMA) has signed an agreement with U.S Wheat Associates to import 1.8 million metric tons of wheat in 2018 and 2019.
Asia-Pacific is fastest growing market
Asia-Pacific is forecasted to be the fastest growing market for wheat seeds market registering highest CAGR for the forecast period 2019 – 2024. Asia is the topmost producer, importer and consumer of wheat globally almost accounting for third of global trade. According to the U.S Agriculture Department, China is the major producer and consumer of wheat is has increased its area under cultivation of wheat due to the farmers planting more wheat crop. And also Asia’s growing middle-class demands for more grains especially wheat. The change in their diest has lead to the increasing demand towards wheat providing an opportunity to the major wheat exporters including Australia and the United States.
Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
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Major points covered in this research are:-
─Wheat Seed Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers
─Global Market Size (Value) of Wheat Seed (2020-2025)
─Global Wheat Seed Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2015)
─Global Wheat Seed Production, Revenue (Value), Price Trend by Type
─Global Wheat Seed Market Analysis by Application
─Global Wheat Seed Manufacturers Profiles/Analysis
─Wheat Seed Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Wheat Seed Market Forecast (2020-2025)
─Research Findings and Conclusion
Finally, this Wheat Seed report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Wheat Seed product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
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