Delray Beach, FL, April 03, 2025 (GLOBE NEWSWIRE) — According to MarketsandMarkets, the global seeds market is projected to grow from USD 58.8 billion in 2023 to USD 83.3 billion by 2028, registering a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period. The increasing global population continues to drive demand for higher agricultural productivity, necessitating the development of improved seed varieties to enhance crop yield and efficiency.
Market Dynamics
Growing Demand for High-Quality Seeds
The global seed market is witnessing an increasing demand for high-quality seeds that exhibit enhanced traits such as disease resistance, improved yields, and superior nutritional value. Technological advancements and genetic engineering have played a crucial role in the development of genetically modified (GM) seeds, which offer unique benefits, though they also raise concerns regarding their environmental and health impacts.
Key Drivers
One of the major drivers of the seed market growth is the increased usage of oilseeds by animal feed manufacturers. Oilseed meal, a high-protein co-product from oilseed refining, is widely used in animal feed. Soybean meal, in particular, is a preferred choice for feed manufacturers due to its high protein content. The demand for protein-rich vegetable meals such as soybean meal, sunflower meal, and cottonseed meal is expected to further boost market growth. The European Union’s ban on Meat and Bone Meal (MBM) has also led to a rise in the use of plant-based protein sources like soy meal and oilseed meal in animal feed, thereby increasing the demand for oilseeds.
Regional Market Insights
North America Leading the Market
North America is expected to dominate the global seeds market during the forecast period, …
Full story available on Benzinga.com
Delray Beach, FL, April 03, 2025 (GLOBE NEWSWIRE) — According to MarketsandMarkets, the global seeds market is projected to grow from USD 58.8 billion in 2023 to USD 83.3 billion by 2028, registering a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period. The increasing global population continues to drive demand for higher agricultural productivity, necessitating the development of improved seed varieties to enhance crop yield and efficiency.
Market Dynamics
Growing Demand for High-Quality Seeds
The global seed market is witnessing an increasing demand for high-quality seeds that exhibit enhanced traits such as disease resistance, improved yields, and superior nutritional value. Technological advancements and genetic engineering have played a crucial role in the development of genetically modified (GM) seeds, which offer unique benefits, though they also raise concerns regarding their environmental and health impacts.
Key Drivers
One of the major drivers of the seed market growth is the increased usage of oilseeds by animal feed manufacturers. Oilseed meal, a high-protein co-product from oilseed refining, is widely used in animal feed. Soybean meal, in particular, is a preferred choice for feed manufacturers due to its high protein content. The demand for protein-rich vegetable meals such as soybean meal, sunflower meal, and cottonseed meal is expected to further boost market growth. The European Union’s ban on Meat and Bone Meal (MBM) has also led to a rise in the use of plant-based protein sources like soy meal and oilseed meal in animal feed, thereby increasing the demand for oilseeds.
Regional Market Insights
North America Leading the Market
North America is expected to dominate the global seeds market during the forecast period, …
Full story available on Benzinga.com
Delray Beach, FL, April 03, 2025 (GLOBE NEWSWIRE) — According to MarketsandMarkets, the global seeds market is projected to grow from USD 58.8 billion in 2023 to USD 83.3 billion by 2028, registering a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period. The increasing global population continues to drive demand for higher agricultural productivity, necessitating the development of improved seed varieties to enhance crop yield and efficiency.
Market Dynamics
Growing Demand for High-Quality Seeds
The global seed market is witnessing an increasing demand for high-quality seeds that exhibit enhanced traits such as disease resistance, improved yields, and superior nutritional value. Technological advancements and genetic engineering have played a crucial role in the development of genetically modified (GM) seeds, which offer unique benefits, though they also raise concerns regarding their environmental and health impacts.
Key Drivers
One of the major drivers of the seed market growth is the increased usage of oilseeds by animal feed manufacturers. Oilseed meal, a high-protein co-product from oilseed refining, is widely used in animal feed. Soybean meal, in particular, is a preferred choice for feed manufacturers due to its high protein content. The demand for protein-rich vegetable meals such as soybean meal, sunflower meal, and cottonseed meal is expected to further boost market growth. The European Union’s ban on Meat and Bone Meal (MBM) has also led to a rise in the use of plant-based protein sources like soy meal and oilseed meal in animal feed, thereby increasing the demand for oilseeds.
Regional Market Insights
North America Leading the Market
North America is expected to dominate the global seeds market during the forecast period, …Full story available on Benzinga.com Read MoreNews, Financing, Restaurants, Economics, Press Releases, General News
