By 2029, The Global Rice Seeds Market is Expected to Reach a Value of US$ 7.71 Billion with a 6.7 % CAGR| TechSci Research
Increasing rice demand and the adoption of hybrid rice varieties propel the global rice seeds market in the 2025-2029 forecast period.
TechSci Research's report, "Global
Rice
Seeds Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2029," the market reached USD 7.81 Billion in 2023 and
is projected to grow at a CAGR of 6.7%. The rice seed market plays a vital role
in global agriculture, meeting the dietary requirements of over half the
world's population. Rice's cultural, economic, and nutritional significance
underscores the market's importance for global food security, reflecting growth
driven by factors like population increase, dietary shifts, and expanded
cultivation areas.
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Asia-Pacific, including China,
India, Indonesia, and Bangladesh, is a major hub for both rice consumption and
production, holding a significant share of the global rice seed market.
Emerging regions like Africa and Latin America are contributing to market
growth as rice cultivation expands to meet local and international demands. A
notable trend is the integration of genetic advancements and biotechnology in
the global rice seed market. Seed developers employ molecular breeding, genetic
modification, and genome editing to enhance traits such as higher yield, pest
resistance, and adaptability to environmental changes.
Hybrid rice varieties,
resulting from crossbreeding, drive increased productivity globally. Farmers
adopt hybrid rice seeds to optimize production, responding to the growing
demand. Research and development efforts focus on creating improved hybrid
varieties with enhanced yield, disease resistance, and adaptability. Evolving
consumer preferences drive demand for specialty and organic rice varieties.
Aromatic varieties like Basmati and Jasmine gain popularity, while the demand
for organic rice rises. Seed companies develop organic rice seed varieties
meeting organic farming standards.
Digital transformation in
agriculture revolutionizes rice seed distribution through online platforms and
e-commerce, providing farmers direct access to diverse seed varieties. These
platforms offer detailed information, empowering farmers to make informed
choices, streamlining the supply chain, and fostering a responsive system.
In response to climate change
challenges, the development of climate-resilient rice varieties is a
significant trend. Seed companies invest in research and breeding programs for
traits like heat tolerance, drought resistance, and adaptability to saline conditions.
The global Rice Seeds market is segmented by type, grain size, and region.
Regarding product type, the
cake segment dominates the market, with significant growth expected in the
forecast period, especially in North America and Europe. In terms of region,
North America leads the market due to high lactose intolerance levels and the
popularity of products like cakes, puddings, and ice creams. The Asia-Pacific
region is the second-largest and the fastest-growing market in the industry.
Major companies operating in
global Rice Seeds market are:
- Savannah Seeds Private Limited
- Bayer CropScience Limited
- Nuziveedu Seeds Limited (NSL)
- Pan Seeds Pvt. Ltd.
- Kaveri Seeds
- DuPont Pioneer
- Ajeet Seeds Pvt. Ltd.
- Mahindra Agri Solutions Pvt. Ltd.
- Biostadt India Limited
- Rallis India Limited
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"The future of the global rice seed market holds vast potential amid
current trends and challenges. Continued investment in R&D, technological
innovation, and sustainability is crucial. Collaboration among governments,
seed companies, research institutions, and farmers is key. Ensuring food
security through resilient, high-yielding rice varieties is paramount with the
growing population. The market's adaptability to technology, consumer
preferences, and environmental concerns will define its sustainability and
contribution to agriculture," stated Mr. Karan Chechi, Research Director
at TechSci Research.
"Global Rice Seeds Market
– Industry Size, Trends, Forecast (2019-2029), Segmented By Type (Hybrid,
Open-pollinated), Grain Size (Long, Medium, Short), Region, and Competition,
evaluates market growth potential and provides statistics. The report aims to
offer advanced market insights aiding investment decisions. It identifies
emerging trends, drivers, challenges, and opportunities."
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