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Organic Seed Market size is estimated to grow at over 8.3 % CAGR between 2023 and 2032, attributed to the rising demand for food labelled as organic. As per Pew Research Centre, approximately 34% of Americans include organic foods in their diet, with an additional 6% exclusively consuming organic products. As consumers become more discerning about the source of their food and the environmental impact of conventional farming, there is a growing preference for organic products.
The rising emphasis on biodiversity and environment conservation has amplified the product demand. Traditional farming practices often include the use of genetically modified seeds and monoculture. However, organic seeds support a more diverse and resilient agricultural ecosystem, stimulating soil health and reducing the need for chemical interventions. This ecological approach resonates with both farmers and consumers, contributing to the market growth in the coming years.
Report Attribute | Details |
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Base Year: | 2020 |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 8.3% |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 300 |
Tables, Charts & Figures: | 95 |
Segments covered: | Product, Distribution Channel |
Growth Drivers: |
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Pitfalls & Challenges: |
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Government support and regulatory frameworks also play a vital role in promoting the use of organic seeds. Recognizing the environmental and health benefits of organic agriculture, many governments are implementing policies that incentivize farmers to adopt organic practices. Subsidies, research funding, and certification programs for organic seeds create a positive organic seed market outlook.
The cost associated with organic seed production is considerably higher compared to conventional alternatives. This cost disparity, stemming from the more intricate processes involved in organic seed breeding and certification, can deter some farmers from transitioning to organic farming practices. In addition, the limited availability of a diverse range of organic seed varieties, particularly for certain crops, poses a challenge, limiting the choices for farmers seeking alternatives to conventional seeds. These factors will restrict the organic seed industry expansion.