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Seed Potato Market By Product Type (Conventional Seed Potatoes Seed Potatoes, Micro Propagation Seed Potatoes) By Application (Factory Planting, Farmer Planting, Others)- Growth, Future Prospects, and Competitive Analysis, 2016 - 2028

Market Introduction of Seed Potato Market

Potatoes developed from seeds that are genetically identical to and similar to their parent plant are known as seed potatoes, sometimes known as true potato seeds (TPS). It is a naturally occurring potato seed that can be used to grow potato plants. They are grown at a specific temperature. Potato plants produce tiny green berries packed with hundreds of seeds and resemble cherry tomatoes in size and appearance. They facilitate planting.

seed-potato-market

What is the worth of the market for seed potatoes? 

The seed potato market is expected to grow quickly over the coming years, with a CAGR of 1.10 percent. It was estimated that the worldwide seed potato market would be worth USD 16.9 million in 2021 and USD 18.04 million in 2028. The top industry analysts forecast a sharp rise in seed potato demand over the coming years, with a possible revenue potential of USD 1.14 million between 2022 and 2028.                         

Which is the major Product Type segment in the Seed Potato Market?

In revenue, the conventional seed potato market accounted for more than 60.0% of all seed potatoes in 2021. The conventional method of using potatoes involves digging out the tubers and replanting them. Micro tubers are the first generation of potato seeds produced in tissue culture. The challenge of transferring plantlets from in vitro to in vivo habitats is their main area of research. The sector is predicted to account for 50% of the global seed market due to the growing adoption of G.M. crops in the diversified region. The Andes of South America is home to the majority of the approximately 4,000 edible potato varieties. There are also more than 180 wild potatoes, but they are too bitter to eat. They have a high innate resistance to illnesses, pests, and environmental factors. 

Interesting Facts about Seed Potato Industry

  • The US, India, Japan, the UK, Canada, China, and Germany are the top exporters of seed potatoes.
  • Because of its great productivity on a global scale and the abundance of high-quality potato seeds available everywhere, the potato seed industry is expanding. These are the primary factors driving the market's growth.
  • The market expansion would be constrained by the high costs incurred by participants for potato storage and transportation. Furthermore, growing health problems, such as obesity and diabetes brought on by consuming processed potatoes, may impede market progress in the years to come.
  • In terms of volume and value, the Asia Pacific region will dominate the global Seed Potato market in 2021.
  • Factory Planting is to witness the highest growth during the forecast time.

Who are the Top players/companies in the Seed Potato market regarding value?

Regarding value, Vfarm, Potatoes, BASF, Xisen Potato Industry Group, Syngenta, A. De Nijs & Zn. B.V. and Albert Bartlett and Sons are the leading market participants for seed potatoes. These top players are concentrating on new product developments and technical innovation to boost their Seed Potato output and get a competitive market share on the global stage. A few local and national businesses are also investing heavily to diversify their product lines and increase sales. For instance, Bejo Zaden B.V. purchased the breeding rights to its first TPS hybrid in April 2022. The brand-new Oliver F1 is grown directly from botanical seed and can yield potatoes in one season following replanting. 

Who are the top 10 exporters of seed potatoes?

China, Australia, South Korea, Japan, India, the United States, Canada, the United Kingdom, Germany, and France are the top nations in the global Seed Potato market. The largest producer of potatoes worldwide is China. For several factors, the production of Chinese potatoes has significantly increased. Due to its year-round adaptability, quick development, and several climatic adaptations, potatoes can be grown all year in China. In China, fresh potatoes are typically eaten at meals.

Which is the major Application in the Seed Potato Market?

In addition to serving as a vegetable for household use, potatoes have a variety of other uses. The proportion of potatoes consumed fresh globally is probably less than 50%. The remaining portion is used to make potato food products and ingredients, as well as starch for the industry and feeding pigs, chickens, and cattle. According to the Food and Agriculture Data, the top producers of potatoes in 2020 were India, China, the United States, Russia, and Germany, accounting for 78.2 million metric tonnes, 51.3 million metric tonnes, 19.6 million metric tonnes, 18.8 million metric tonnes, and 11.7 million metric tonnes, respectively (FAOSTAT). In the worldwide potato market, processed meals replace raw potatoes with added value. One of the important commodities in that group is frozen potatoes, which make up most of the French fries served in restaurants and fast food outlets worldwide. The potato crisp is another processed item that has long dominated the snack food market in many industrialized countries. Dehydrated potato flakes are utilized in snacks, culinary elements, and commercial mashed potato products.

What are the Main Market Drivers for Seed Potatoes?

Due to its high productivity, the potato seed industry is growing due to the plentiful supply of high-quality potato seeds in every location. The effective utilization of high-quality, commercially available seeds has a big impact on potato seed export. The industry is striving to avoid processing the potatoes and redirect them to the market because there is currently a noticeably greater demand for fresh potatoes than processed ones.

What are the Market's Primary Obstacles for Seed Potatoes?

The market expansion would be constrained by the high costs incurred by participants for potato storage and transportation. Furthermore, growing health problems, such as obesity and diabetes brought on by consuming processed potatoes, may impede market progress in the years to come. The market's expansion is likely constrained by worker ignorance, the sluggish adoption of rapid multiplication technologies, and insufficient smallholder seed management methods during the anticipated term.

Which Region Dominated the Seed Potato Market?

The Asia Pacific dominated the world market for seed potatoes in 2021 and contributed significantly to market revenue. The market is expanding due to the new investment strategy, which involves the decentralized production of high-quality seeds for farmers. Farmers utilizing cutting-edge technology, like plantlets, minitubers, and aeroponics, among others, are also a major force in the region's seed potato market. Right now, China is the world's leading producer of potatoes. The country's expected potato production for 2019 and 2020, based on FAOSTAT statistics, was 75,657,850 metric tonnes and 78,236,596 metric tonnes, respectively.

In 2019 and 2020, it was determined that 4,038,885 ha had been harvested. For several factors, the production of Chinese potatoes has significantly increased. Due to its year-round adaptability, quick development, and several climatic adaptations, potatoes can be grown all year in China. In China, fresh potatoes are typically eaten at meals. Industry reports claim that 60% of Chinese potatoes are consumed fresh in households and restaurants. Due to the rise in the middle class brought on by rapid urbanization and their preference for Westernized cuisine, potato products have become increasingly popular. Except for French fries, popular in Western fast-food restaurants, the Chinese never eat potatoes. Even though India is the world's second-largest producer of potatoes after China, the significant costs incurred by participants owing to potato storage and transportation may limit market expansion. Furthermore, growing health problems, such as obesity and diabetes brought on by consuming processed potatoes, may impede market progress in the years to come. The market is expected to hinder the delayed uptake of rapid multiplication technology, subpar smallholder seed management practices, and worker illiteracy.

Segmentation of Global Seed Potato Market-

Global Seed Potato Market – By Product Type

  • Conventional Seed Potatoes Seed Potatoes
  • Micro Propagation Seed Potatoes

Global Seed Potato Market – By Application

  • Factory Planting
  • Farmer Planting
  • Others

Global Seed Potato Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the Seed Potato market

Fresh potatoes are in high demand at supermarkets and grocery stores globally due to the COVID-19 pandemic, as consumers stocked up on low-cost food. In poor nations, the demand for fresh potatoes soared as a result of the lockdown.

Asia Pacific accounted for the highest share in the global Seed Potato market.

Due to the abundant supply of high-quality potato seeds in all regions, the potato seed industry is expanding due to its optimum productivity.

Conventional Seed Potatoes Seed Potatoes had a major share in 2021.

The Factory Planting segment had a major share in the global market in 2021.

Seed Potato Market Scope

Report Attribute Details
Market Value in 2021 USD 16.9 million
Market Value in 2028 USD 18.04 million
CAGR 1.10%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Consumer Goods
Report ID:   60617
Report Format:   PDF
Pages:   120
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