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.
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Key Takeaways of the Global Sweet Corn Seeds Market
- Hybrid certified sweet corn seeds segment accounts for more than 60% market share and is expected to indicate a rising growth curve in sweet corn seeds market during period of forecast 2019 – 2029. This can be attributed to the increased cultivation of sugary varieties of sweet corn which are produced with the help of hybrid certified sweet corn seeds.
- Yellow sweet corn seeds category is a major contributor to global sweet corn seeds market and is projected to grow 1.6X over period of forecast 2019 – 2029, owing to increased consumption of yellow sweet corn in United States, Europe and Asian countries in the past-half decade.
- North America and Europe sweet corn seeds market together hold more than half of market share. However, South Asia and East Asia are projected to grow at a higher CAGR than the global average.
- South Asia sweet corn seeds market to hold more than 10% market share in terms of value and likely to gain 300 BPS over forecast period 2019 – 2029.
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.
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.