The European wheat seed market was valued at USD 1.89 billion in 2023 and is anticipated to reach USD 1.96 billion in 2024 from USD 2.70 billion by 2032, and it is estimated to grow at a CAGR of 4.04% during the forecast period 2024 to 2032.
Wheat is one of the important staple crops cultivated widely for its seed, a cereal grain. Wheat is a leading protein food and an important source of carbohydrates. It is also a good source of fiber, manganese, and magnesium in its unrefined state. The wheat crop is high volume and low profit owing to production by heavily subsidized government seed programs. Wheat crop can be widely adaptable and grown in tropical and sub-tropical zones and also in cold traces of the north, beyond the 60-degree north altitude.
Different products are derived from wheat, including flour, wheat, bran, bulgur, wheat germ, wheat germ oil, and pasta. Wheat flour is used in baked goods such as bread, cookies, and muffins. Wheat grain is the source of alcoholic beverages, and bran from flour milling is important for livestock feed. The most common forms of wheat are red and white wheat. Black, yellow, and blue wheat are commercially minor but nutritionally promising species. Technology innovation in wheat industry includes seed storage and germination ability which is amplifying the wheat seed market around the world.
Europe's Wheat Seed Market is mainly driven by the demand for food due to the increasing population around the world and concern about healthy food. In addition, factors like changing lifestyles, increase in disposable income, technological innovations in the production, storage, and transportation of seeds, favorable government reimbursements, and the success of hybrid seeds, and highly nutritious food compared to other cereals are also driving the growth of Europe wheat seed market. However, High labor costs, unfavorable weather conditions, and traditional harvesting methods are hampering the growth of the market.
In Europe, Germany leads the market, followed by France and U.K. The success of hybrid seeds has been limited to Europe (particularly France), the United States and South Africa.
Key players dominating the Europe wheat seed market are Syngenta, Monsanto Company, E. I. du Pont de Nemours and Company, Bayer Crop Science AG, Advanta, Pro Harvest, RAGT, Agrovegetal, Lima grain, Northern Seeds, KWS Saat, C & M Seeds and China National Seed Group.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region