DUBLIN--(BUSINESS WIRE)--The "Wheat Seed Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The global wheat seeds market is projected to register a CAGR of 4.7% over the forecast period (2020-2025). In 2019, North America was the largest geographical segment of the market studied and accounted for a share of around 35.03% of the overall market.
- 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.
Key Market Trends
North America is the largest market in revenue
In 2019, North America is the largest market holding 35.03% of the total market share and is projected to remain the largest market during the forecast period. Asia-Pacific and Europe 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 projected to be the fastest growing market for wheat seeds market registering highest CAGR for the forecast period. Asia is the topmost producer, importer and consumer of wheat globally almost accounting for third of global trade. According to the United States Agriculture Department (USDA), China is the major producer and consumer of wheat. The country has increased its area under cultivation of wheat due to the farmers planting more wheat crop. Also the consumption of wheat by Asia's growing middle-class, which is primarily a rice-eating population has seen an upward trend. The change in their diets has led to the increasing demand of wheat providing an opportunity to the major wheat exporters including Australia and the United States. This is expected to provide a fillip to the market for quality wheat seed in the region.
Key Topics Covered:
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1.1 North America
5.1.3 Asia Pacific
5.1.4 South America
6 COMPETITIVE LANDSCAPE
6.1 Most adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 AgroVegetal S.A.
6.3.2 Syngenta International AG (AgriPro Seeds)
6.3.3 Groupe Limagrain
6.3.4 Corteva Agriscience (Pioneer Seeds)
6.3.5 Australian Grain Technologies
6.3.6 ProHarvest Seeds, Inc.
6.3.7 Northern Seeds
6.3.8 RAGT Semences
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/uijcdx