Spinach Seeds Market Trends, Segment and Future Growth to 2023
Spinach Seeds Market Overview
Spinach is an edible plant native to the central and western Asia. Leaves of spinach are considered as vegetable and rich source of nutrition like vitamin, proteins, carbohydrates, essential fats, calcium and iron. There are three types of spinach available in the market depend on their size and shape of leaves. It is packed in air or nitrogen gas in order to extend shelf-life. It is sold bunched, loose, packed fresh in bags, frozen or canned. Spinach loses its nutritional value with storage of more than a few days.
With growing people health concerns, there is rising demand for the spinach which indirectly leads to attention towards spinach seeds. So, agricultural companies started producing spinach seeds in order to meet the demand in the market. Farmers are also concerned for these seeds owing to the high yield and desired products with less investment. Spinach seeds are best grown in the springtime with companion plants like lettuce, celery, onion and the cabbage family. Research developments in the seed industry led to develop various kinds of hybrid spinach seeds which give plants with desired characteristics.
Rising people concern about health and fitness, highly nutritional food with rich source of vitamin A, C, E and K, protein, fibre, calcium, iron, magnesium and others, increasing generic diseases, rise in population owing to demand for the food especially leafy vegetables, favourable government policies in the agriculture sector, innovative practices in the seed production, high yield improvement by the development of the hybrid seeds and technology advancements are the major factors driving for the growth of the Global Spinach Seeds Market. However, lack of proper awareness among the farmers and high cost of hybrid seeds are hindering the market growth.
Spinach Seeds Market Forecast Report (2018-2023)
Spinach Seeds Market was worth USD xx billion in 2018 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2023.
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Spinach Seeds Market Segmentation
The Global Spinach Seeds Market is segmented on the basis of package type, application and region. On the basis of package type, the market is segmented into loose, bagged, canned and others. Depending on the application, the market is segmented into farmland, greenhouse and others. The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Asia-Pacific is expected to have the largest revenue due to the favourable weather for the spinach production and huge exports to other countries. China alone is accounting for 91% of annual spinach quantity in 2014. However, North America is expected to have the fastest growing rate due to the people concern about health and presence of market leaders in this region.
The major companies dominating this market for its products and services are
- Emerald Seed Company
- High Mowing Seeds
- Krishidhan Seeds Pvt. Ltd.
- Baker Creek Heirloom Seed Co.
- Sakata Seed Corporation
- Takii & Co., Ltd.
- Bayer Crop Science AG
- Advanta Hybrid Seeds
- Monsanto Seeds
- Syngenta Crop Protection.
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