Sweet Corn Seeds Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Sweet Corn Seeds Market Gaining Traction, as Sweet Corn Cultivation Soars

The rising consumption of sweet corn over the past few years has shifted farmers’ interest towards sweet corn cultivation. This has augmented the demand for sweet corn seeds.

Thailand is one of the prominent exporters of the canned sweet corn, which exports more than 0.7 Mn Tons of sweet corn to Japan, South Korea and Taiwan every year.

Moreover, East Asia is a one of the major producers of field corn where majority of field corn is used in animal feed. China is a prominent consumer of sweet corn, and accounts for more than two third share of East Asia sweet corn seeds market.

China is one of the prominent consumers of processed sweet corn along with sweet corn based products such as sweet corn flour and sweet corn candy, which has resulted in an increased demand of sweet corn seeds since the past few years.

Hybrid Certified Sweet Corn Seeds Stands as the Major Revenue Contributor

Enhanced sugar content with high shelf life of sweet corn seeds results in increased demand for hybrid certified sweet corn seeds.

Overall, the consumption of hybrid certified sweet corn seeds is expected to be high among sweet corn seeds type. Hybrid certified sweet corn seeds holds more than half of sweet corn seeds market share in 2019.

However, consumption of open pollinated certified sweet corn seeds and farm saved sweet corn seeds across the globe has increased notably owing to agricultural biodiversity using several traits containing sweet corn seeds.

Sweet Corn Seeds Sales Soar with Emergence of Agro-Online Stores

Farmers opt for various processes for procurement of sweet corn seeds, such as point-of-sale markets, on-farm stands, farmers markets and direct delivery to buyers’ channels such as Agri-retailers, and contractors.

With surge in digitization and emergence of agro-online platforms, companies such as Syngenta and Monsanto have been reaching out to global buyers directly through their online services.

Presence of online agro-retailers such as TrustBasket, AgriBegri, Agrozones, BigHaat, Agrowala and Farmers Stop have reduced the gap between farmer and seed retailers. Besides, it has enabled farmers to compare prices of key sweet corn seed brands.

Emerging Countries to Hold Notable Share by End of 2029

There is a consistent demand of sweet corn seeds in developed countries. However emerging economies consumption of sweet corn has increased owing to the increased spending on instant food such as noodles, soups etc.

This trend is seen in consumer driven markets such as China, India, Mexico and Brazil etc. East Asia, South Asia and Latin America are projected to hold around half of the market share by end of 2029. These three regions are projected to grow with higher CAGR than that of global sweet corn seeds market.

Tier 1 Companies to Contribute Two Third Market Share of Global Sweet Corn Seeds Market

The major companies in the sweet corn seeds market such as Syngenta AG, Bayer AG, Corteva, Inc. and Vilmorin & Cie etc are front runners in the sweet corn seeds market. These players are planning to tap into the unharnessed potential in emerging markets and escalate their production capacities to maintain increasing supply of sweet corn seeds in new geographies.

The market leaders are maintaining strong position owing to strong Internationalization of companies through acquisition and set up of subsidiaries across the globe.

For instance, Vilmorin & Cie has subsidiaries in more than 48 countries and has its global footprint in around 150 countries. The company has recorded 40% sales from United States, China, Brazil, India, Mexico etc. which helps the company to become a major contributor to the global sweet corn seeds market revenue.

Sweet Corn Seeds Market: Segmentation

FactMR’s study has done the segmentation of sweet corn seeds market on the basis of seed type, seed category, farming type, sales channel and region.