Carrot Seed Market Report 2024 (Global Edition)

Global Carrot Seed Market Report 2024 Market Size Split by Type (Large Carrot Seeds, Cherry Carrot Seeds, Hybrid Carrot Seeds, Organic Carrot Seeds), by Application (Farmland, Greenhouse, Home Gardens...

Carrot Seed Market Report Description

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Carrot Seed Market Insights Video

Competitive Landscape of the Carrot Seed Market

The global carrot seed market exhibits a competitive landscape, with key players dominating the market share. These companies focus on product innovation, research & development, strategic partnerships, and geographical expansions to maintain their competitive edge. Factors such as demand for organic products and advancements in seed technologies further intensify competition within the industry.

Top Companies Market Share in Carrot Seed Industry: (In no particular order of Rank)

• Monsanto
• Limagrain
• Bayer
• Syngenta
• VoloAgri
• Sakata
• East-West Seed
• Takii
• Namdhari Seeds
• Advanta
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Carrot Seed Market

Which Region Dominates the Carrot Seed Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the carrot seed market due to the increasing demand for healthy options and the growing popularity of home gardening. The United States dominates the region with its advanced agricultural practices and large-scale production. Favorable climatic conditions in certain states further bolster production, ensuring a steady supply of high-quality carrot seeds to meet both domestic and international demands.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the carrot seed market due to extensive agricultural activities and rising demand for fresh produce. Countries like China and India are contributors to the market growth, driven by the increasing population and dietary preferences for healthier options. Moreover, favorable climatic conditions for carrot cultivation further enhance the region's prominence in the industry.

The current report Scope analyzes Carrot Seed Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Carrot Seed Market

According to Cognitive Market Research, the global carrot seed market size was estimated at USD 1351.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 540.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. In North America, the carrot seed market exhibits a promising landscape characterized by increasing consumer awareness of the health benefits of carrots, coupled with a growing demand for organic and non-GMO produce. Advancements in seed technology, such as hybridization and genetic modification, contribute to higher yields and disease resistance. Additionally, a rising trend towards sustainable agriculture practices and the expansion of carrot cultivation in urban areas further stimulate the market.

• According to Cognitive Market Research, the US had a major share in the carrot seed market, with a market size of USD 426.44 million in 2024. The market is projected to grow at a CAGR of 4.5% during the forecast period. The demand is amplified by the nation's growing trend of home gardening and organic farming.
• The Canadian carrot seed market had a market share of USD 64.86 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Canada's robust, rising trend towards sustainable agriculture practices and the expansion of carrot cultivation in urban areas fuel the growth of this market.
• The Mexico carrot seed market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 49.18 million in 2024

Europe Carrot Seed Market

According to Cognitive Market Research, the global carrot seed market size was estimated at USD 1351.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 405.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. In Europe, the carrot seed market presents a dynamic landscape characterized by Increasing demand for organic and non-GMO products has spurred growth, with consumers prioritizing healthier options. Additionally, the rising popularity of home gardening and sustainable farming practices has led to a surge in demand for carrot seeds. Technological advancements in seed breeding and cultivation techniques have also contributed to market expansion. Furthermore, government initiatives promoting agricultural sustainability and food security have boosted investment in the carrot seed sector across Europe.

• The United Kingdom's carrot seed market had a market share of USD 68.10 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Sales of carrot seeds are witnessing an upswing due to growth in the agriculture sector, technological advancements in seed breeding.
• The French carrot seed market is projected to grow at a CAGR of 4.2% during the forecast period, reaching a market size of USD 37.29 million in 2024.
• According to Cognitive Market Research, the German market for carrot seed was valued at USD 80.26 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In Germany, Carrot seed sales surged due to the government initiatives promoting local farming.
• The Italian carrot seed market is projected to grow at a CAGR of 4.4% during the forecast period, reaching a market size of USD 34.86 million in 2024.
• The Russian carrot seed market is projected to grow at a CAGR of 4.0% during the forecast period, reaching a market size of USD 62.83 million in 2024.
• The Spanish carrot seed market is projected to grow at a CAGR of 4.1% during the forecast period, reaching a market size of USD 33.24 million in 2024.
• The Luxembourg carrot seed market is projected to grow at a CAGR of 5.1% during the forecast period, reaching a market size of USD 12.57 million in 2024.
• The Portugal carrot seed market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 8.51 million in 2024.
• The Greece carrot seed market is projected to grow at a CAGR of 5.3% during the forecast period, reaching a market size of USD 4.86 million in 2024.
• The Rest of Europe's carrot seed market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 62.83 million in 2024

Asia Pacific Carrot Seed Market

According to Cognitive Market Research, the global carrot seed market size was estimated at USD 1351.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 310.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031. In the Asia Pacific region, the carrot seed market exhibits robust growth prospects driven by increasing demand for carrots in various cuisines and the growing awareness of the health benefits associated with carrot consumption. Additionally, the rise in organic farming practices and the expanding use of carrots in the food and beverage industry contribute to market growth. Moreover, technological advancements in seed production and the emphasis on improving crop yield further fuel the demand for carrot seeds in the Asia-Pacific region.

• According to Cognitive Market Research, the China carrot seed market size was valued at USD 139.85 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Carrot seed sales surged in China due to the nation's technological advancements in farming methods and government initiatives supporting agricultural development.
• The Japan carrot seed market is projected to grow at a CAGR of 7.0% during the forecast period, reaching a market size of USD 42.89 million in 2024.
• The India carrot seed market had a market share of USD 37.29 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. Demand is augmented by India's growing awareness about the health benefits of carrots and expanding agricultural activities.
• The South Korean carrot seed market is projected to grow at a CAGR of 7.6% during the forecast period, reaching a market size of USD 31.08 million in 2024.
• The Australian carrot seed market is projected to grow at a CAGR of 8.2% during the forecast period, reaching a market size of USD 16.16 million in 2024.
• The Southeast Asia carrot seed market is projected to grow at a CAGR of 9.5% during the forecast period, reaching a market size of USD 21.44 million in 2024.
• The Rest of the Asia Pacific carrot seed market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 22.07 million in 2024

South America Carrot Seed Market

According to Cognitive Market Research, the global carrot seed market size was estimated at USD 1351.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 67.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. In Latin America, the carrot seed market showcases growth prospects driven by factors such as growing health consciousness among consumers, coupled with increasing demand for natural food additives. Agricultural advancements and technological innovations enhance seed quality and yield, supporting robust production. Additionally, rising awareness of the nutritional benefits of carrots drives demand, especially in developing regions. Changing dietary preferences towards healthier options further propel market growth. Overall, these factors contribute to a thriving carrot seed market in Latin America.

• According to Cognitive Market Research, the Brazil carrot seed market size was valued at USD 28.92 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Carrot seed sales flourish in Brazil due to the nation's increasing awareness of the nutritional benefits of carrots, favorable government policies supporting agricultural development.
• The Argentina carrot seed market had a market share of USD 11.35 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Argentina's growing consumer awareness of health benefits augments the demand.
• The Colombian carrot seed market is projected to grow at a CAGR of 5.7% during the forecast period, reaching a market size of USD 6.1 million in 2024.
• The Peru carrot seed market is projected to grow at a CAGR of 6.1% during the forecast period, reaching a market size of USD 5.54 million in 2024.
• The Chile carrot seed market is projected to grow at a CAGR of 7.7% during the forecast period, reaching a market size of USD 4.86 million in 2024.
• The Rest of the Latin American carrot seed market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 10.88 million in 2024.

Middle East and Africa Carrot Seed Market

According to Cognitive Market Research, the global carrot seed market size was estimated at USD 1351.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 27.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. MEA, the carrot seed market, showcases promising growth prospects driven by factors such as increasing health consciousness, rising demand for natural food colorants, and growing awareness about the nutritional benefits of carrots. Additionally, expanding urbanization and changing dietary preferences towards healthier options fuel market growth. Moreover, the region's favorable climatic conditions for carrot cultivation contribute to market expansion. Furthermore, government initiatives promoting agriculture and advancements in seed technology enhance market prospects, fostering a robust growth trajectory.

• The GCC Countries' carrot seed market is projected to witness growth at a CAGR of 7.0% during the forecast period, reaching USD 11.57 million in 2024. Sales of carrot seeds flourish due to rising interest in organic produce and technological advancements in seed breeding.
• The Egypt carrot seed market is projected to grow at a CAGR of 6.5% during the forecast period, reaching a market size of USD 2.84 million in 2024.
• The South African carrot seed market is projected to grow at a CAGR of 7.2% during the forecast period, reaching USD 4.27 million in 2024. Sales of carrot seeds flourish in South Africa due to rising demand for organic products, and expanding usage in food and beverage industries.
• The Turkish carrot seed market is projected to grow at a CAGR of 5.7% during the forecast period, reaching a market size of USD 2.32 million in 2024.
• The Nigerian carrot seed market is projected to grow at a CAGR of 5.3% during the forecast period, reaching a market size of USD 2.84 million in 2024.
• The Rest of the MEA carrot seed market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 3.19 million in 2024

Carrot Seed Market Analysis

Carrot Seed Market Type Segment Analysis

According to Cognitive Market Research, large carrot seeds stand out as the dominating category. They are favored for their robustness and suitability for commercial cultivation, typically yielding larger-sized carrots suitable for various culinary uses and processing.

Cherry carrot seeds emerge as the fastest-growing category in the carrot seed market. They are preferred for their smaller size and sweeter flavor, making them popular among home gardeners and specialty markets.

• Large Carrot Seeds 
• Cherry Carrot Seeds 
• Hybrid Carrot Seeds 
• Organic Carrot Seeds

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carrot Seed Industry. Request a Free Sample PDF!

Carrot Seed Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is farmland. It involves traditional outdoor farming practices, offering advantages such as lower initial investment and larger crop yields.

The fastest-growing category in the carrot seed market is greenhouse. It provides controlled environments, optimizes growth conditions, and enables year-round production regardless of weather conditions. Greenhouses offer enhanced pest and disease management, resulting in higher-quality yields.

• Farmland 
• Greenhouse 
• Home Gardens 
• Research Institutes 
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Carrot Seed Distribution Channel Segment Analysis

According to Cognitive Market Research, the dominating category is direct sales. It involves selling seeds directly from the producer to the customer, often through online platforms, agricultural fairs, or farm visits. This channel offers personalized service and direct communication with the producer.

The fastest-growing category in the carrot seed market is retail. It involves selling seeds through intermediaries such as garden centers, supermarkets, and agricultural supply stores. Retail channels offer convenience and accessibility to a wider customer base.

• Direct Sales
• Retail
• E-commerce
• Others

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

Author's Conclusion