Market Overview:
The Sweet Corn Seeds market estimated at USD 790.27 Million in the year 2022, is projected to reach a revised size of USD 1065.01 Million by 2030, growing at a CAGR of 3.8% over the analysis period 2023-2030.
Sweet Corn Seedsis the outsourced procurement model that takes care of the organization’s procurement functions. The key element of procurement as services includes the service layer, technology layer, intelligence & analytics, and compliance & risk management. The Paas model offers various benefits for organizations such as helps to organizations with the selection of categories for sourcing and for handling the procurement arrangement of this category Paas assigns the category expert. It also helps processes such as supplier management to become proactive, and strategic sourcing to become predictive, it reduces the cost of operations. The Paas model provides flexibility and greater value for organizations.
Top Key Players in Sweet Corn Seeds Market:
Syngenta AG(Switzerland), Bayer AG(Germany), Corteva, Inc. (U.S), Vilmorin & Cie (France), Harris Seeds (U.S), Schlessman Seed Company (USA), MAY Seed (Turkey), Advanta Seeds (U.S), Johnny's Selected Seeds (USA), DowDuPont (U.S), KWS(Kenya), Monsanto (U.S), and Other Major Players.
Market Dynamics and Factors for the Sweet Corn Seeds Market:
Drivers:
Rising Awareness among Consumers Regarding Health Benefits
Consuming sweet corn seeds directly or through any processed means offers various health benefits. Sweet corn seeds contain 3.27 g of proteins, vitamins B6 & B9, fiber 2 g, carbohydrates 18.70 g, sodium 15 mg, Carotene-ß: 47 µg, fat 1.35 g, and potassium 270 mg which are crucial for improving human health. The dietary fiber present in sweet corn seeds is beneficial for overall human health. It helps in reducing the risk of heart disease, strokes, bowel cancer, and type 2 diabetes and in decreasing and controlling blood pressure. Sweet corn seeds contain antioxidant property that cells from radical damage caused by smoke or air pollution and protects the body from cognitive decline or vision loss problems.
Opportunities:
Adopting and Implementing New Technologies in the Seed Industry
Technological advancements in the seed industry have given rise to agricultural productivity and are also essential in resolving major challenges through trait stacking, trait integration, hybridization, and microbe technologies. With the increasing urbanization in various developed and developing economies, the adoption of emerging technologies to improve crop productivity will create a profitable opportunity for seed companies for faster growth. Agribusiness companies can extend their product reach and maximize profit by implementing several technologies such as genome editing technologies, RNA interference, microbiome technologies, and many more.
Segmentation Analysis of the Sweet Corn Seeds Market:
- By Type, the Hybrid Certified Seeds segment is the most dominating segment of the sweet corn seed market. Hybrid certified seeds produce better-quality seeds, high yield, and hold the potential of generating maximum profit as compared to any other segment of sweet corn seeds.
- By the Seed category, the Yellow sweet corn segment is expected to dominate the market growth of sweet corn seeds in the forecasted period. The yellow category of sweet corn seed is a rich source of vitamin C, an antioxidant that wards off severe diseases like heart disease and cancer.
Regional Analysis of the Sweet Corn Seeds Market:
North America region dominated the sweet corn seed market and is estimated to continue its dominance in the forthcoming years. Corn is the primary and major feed grain in the US, which accounts for more than 95 percent of the total feed grain usage and production in this region. Per capita consumption of fresh corn has remained constant over the same period in the US region, but the production of processed sweet corn has been observed to rise substantially owing to the greatly increased consumption of frozen cut and cob sweet corn. Furthermore, increasing urbanization and favorable government regulations are the major factors that drive the
Key Industry Development:
- In May 2022, 4700BC declared their launch of the first-ever ready-to-eat sweet corn. The idea of introducing Ready-to-eat sweet corn was germinated from the rising inclination of millennials as well as Gen-Z towards the ready-to-eat category which is further a result of rapid urbanization and growth in income.
- In February 2021, Global farm chemicals and seeds maker Bayer declared that they will launch a corn variety in the United States next year which will better tolerate heavy winds associated with climate change, estimating future sales in North America as high as 1 billion euros.
