Pea Seed Market Trends and Forecast
The future of the global pea seed market looks promising with opportunities in the spring agriculture and winter agriculture markets. The global pea seed market is expected to grow with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are growing popularity of vegetarian and vegan diets and rising utilization in human consumption and animal feed sectors.
• Lucintel forecasts that precocious is expected to witness the highest growth over the forecast period.
• Within this market, spring agriculture is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Pea Seed Market
• United States: In the United States, companies like DuPont Pioneer and Bayer CropScience have been actively developing new pea seed varieties aimed at improving yield and resilience to pests and diseases. DuPont Pioneer, for instance, has announced initiatives to introduce advanced pea seed genetics that enhance crop performance under varying climatic conditions. Bayer CropScience is focusing on developing traits like drought tolerance and nutrient efficiency in pea seeds to support sustainable agriculture practices. Government targets in the U.S. include promoting the adoption of pea crops in crop rotation systems to enhance soil health and reduce environmental impact. Sources such as USDA reports and industry publications provide insights into these developments.
• India: India has witnessed significant growth in the pea seed market, with companies like Mahyco and Nuziveedu Seeds leading initiatives to develop high-yielding pea varieties adapted to diverse agro-climatic zones. Mahyco has announced plans to launch hybrid pea seeds aimed at increasing farmer productivity and meeting the growing demand for plant-based proteins. Government targets in India focus on achieving self-sufficiency in pulse production through improved seed technologies and support schemes for farmers adopting pea cultivation. Data from the Ministry of Agriculture and industry analyses highlight the strategic importance of pea seeds in IndiaÄX%$%Xs agricultural development.
• China: In China, companies such as China National Seed Group and Beijing Dabeinong Technology Group are investing in research and development of pea seed varieties with enhanced yield and quality traits. These initiatives align with government targets to enhance agricultural productivity and food security through advanced seed technologies. Government policies in China support the adoption of pea crops to diversify agricultural production and reduce import dependency on protein-rich crops. Sources like the China National Bureau of Statistics and industry reports provide data on the growing significance of pea seeds in ChinaÄX%$%Xs agricultural sector.
• Germany: Germany has seen advancements in pea seed research and development by companies like KWS Saat and DLF Seeds, focusing on breeding pea varieties suitable for European growing conditions. KWS Saat has announced initiatives to develop pea seeds with improved disease resistance and nutritional content, supporting sustainable agriculture practices in the region. Government targets in Germany emphasize sustainable farming practices and reducing nitrogen inputs through the adoption of leguminous crops like peas. Data from Eurostat and industry publications provide insights into the adoption and impact of pea seeds in GermanyÄX%$%Xs agricultural landscape.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Pea Seed Market by Segment
The study includes a forecast for the global pea seed market by type, application, and region.
Pea Seed Market by Type [Value from 2018 to 2030]:
• Precocious
• Semi-Premature
• Half Late
Pea Seed Market by Application [Value from 2018 to 2030]:
• Spring Agriculture
• Winter Agriculture
• Others
Pea Seed Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Pea Seed Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pea seed companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pea seed companies profiled in this report include-
• Seminis
• Kws Saat
• Caussade Saaten
• Florimond Desprez
• Lg Seeds
• Tozer Seeds
• Senova
Recent Development in the Pea Seed Market
• Takii Seed: Takii Seed has been involved in breeding pea seed varieties with improved flavor profiles and nutritional content. Their initiatives target consumer preferences and market demands for high-quality peas in fresh and processed food markets.
• East-West Seed: East-West Seed has introduced regionally adapted pea seed varieties tailored for tropical and subtropical climates. Their initiatives include enhancing pea crop resilience to heat and humidity, supporting smallholder farmers in Asia, Africa, and Latin America.
• Bejo Zaden: Bejo Zaden has focused on developing pea seed varieties with enhanced shelf life and processing characteristics. Their initiatives include traits that improve the efficiency of pea seed production and handling throughout the supply chain.
• Enza Zaden: Enza Zaden has launched initiatives to breed pea seed varieties with improved resistance to soil-borne diseases and pests. Their efforts also emphasize traits that promote sustainable soil management practices and reduce agricultural inputs.
• Vilmorin & Cie: Vilmorin & Cie has been involved in pea seed research to develop varieties with enhanced nutritional profiles and cooking qualities. Their initiatives cater to the culinary preferences and dietary needs of consumers in European and global markets.
Features of the Global Pea Seed Market
Market Size Estimates: Pea seed market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Pea seed market size by type, application, and region in terms of value ($B).
Regional Analysis: Pea seed market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the pea seed market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pea seed market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for pea seed market?
Answer: The global pea seed market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the pea seed market?
Answer: The major drivers for this market are growing popularity of vegetarian and vegan diets and rising utilization in human consumption and animal feed sectors.
Q3. What are the major segments for pea seed market?
Answer: The future of the pea seed market looks promising with opportunities in the spring agriculture and winter agriculture markets.
Q4. Who are the key pea seed market companies?
Answer: Some of the key pea seed companies are as follows:
• Seminis
• Kws Saat
• Caussade Saaten
• Florimond Desprez
• Lg Seeds
• Tozer Seeds
• Senova
Q5. Which pea seed market segment will be the largest in future?
Answer: Lucintel forecasts that precocious is expected to witness the highest growth over the forecast period.
Q6. In pea seed market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the pea seed market by type (precocious, semi-premature, and half late), application (spring agriculture, winter agriculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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