Canada Seeds Market to be Dominated by Cereals and Grain Seed Type Segment Through 2028

Increasing demand for meat and animal products, increased awareness regarding quality meat and milk products, and rising livestock production are the factors driving the Canada animal feed market in the forecast period 2024-2028.

According to TechSci Research report, “Canada Seeds Market- By Region, Competition, Forecast and Opportunities, 2028”, Canada seeds market is anticipated to increase at a substantial rate in the forecast period. The increasing demand for food, driven by population growth, changing dietary patterns, global food security concerns, the need for agricultural productivity, and export opportunities, serves as a significant propellant for the growth of the Canada seeds market. The market responds to these demands by providing a diverse range of seeds that contribute to higher crop yields, improved quality, and sustainable agricultural practices. The global population is continuously increasing, which leads to a higher demand for food. As the population grows, the need for agricultural products, including crops, grains, and oilseeds, rises. To meet this demand, farmers require high-quality and productive seeds that can yield sufficient quantities of food. The Canada seeds market responds to this increased demand by providing a diverse range of seed varieties suitable for different crops and farming systems.

Further, dietary preferences are evolving, particularly in emerging economies, with greater consumption of protein-rich foods, fruits, and vegetables. As consumers demand a more diverse and nutritious diet, there is an increased need for a variety of crops and vegetables. The Canada seeds market responds to these changing dietary patterns by offering a wide range of seed varieties for different types of crops, including vegetables, fruits, and specialty crops. Hence, the growing demand leads to an increase in the demand for seeds in Canada

Different factors hinder the Canada seeds market growth, including intellectual property rights, climate change and environmental factors, regulatory compliance,  and international trade and market access. Climate change presents challenges to the agriculture sector, including the seeds market. Variations in temperature, rainfall patterns, and extreme weather events can impact crop yields and the performance of seeds. Adapting to these changing environmental conditions requires the development of resilient seed varieties that can withstand such challenges. Another challenge is, protecting intellectual property rights (IPR) is a challenge for the seeds market. Seed companies invest significant resources in research and development to create new seed varieties with improved traits. However, safeguarding these innovations from unauthorized use or infringement is crucial. Developing effective strategies for IPR rights and enforcing those rights can be complex and require legal expertise. All these factors are major challenges for Canada seeds market that hinder the market growth.

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Canada seeds market is segmented based on type, crop type, trait, availability, sales channel, seed treatment, and region.

Based on type, the market is categorized into hybrid, genetically modified, and varietal. The hybrid seed segment is expected to hold the largest market share in the forecast period owing to the high demand for crop varieties that can adapt to the diverse climatic conditions and soil types in the country. Hybrid seeds are produced by crossing two or more parent lines that have different traits, such as drought tolerance, pest resistance, or high yield. By combining these traits, hybrid seeds offer better performance and quality than conventional seeds. Moreover, hybrid seeds have a longer shelf life and can be stored for future use. Therefore, farmers prefer hybrid seeds over other types of seeds to increase their productivity and profitability.

Based on the crop type, the market is categorized into cereals & grains, oilseeds & pulses, cotton, fruits & vegetables, olericulture, and others. The cereals & grains segment is expected to hold the largest market share in the forecast period. Cereals and grains are staple crops that provide food, feed, and biofuel for various industries. They contribute to the soil health and crop rotation practices of farmers. According to a report by Statistics Canada, cereals and grains accounted for 58.4% of the total seeded area in Canada in 2020. The cereals and grains segment includes wheat, barley, oats, corn, and other minor crops. Therefore, the cereals and grains segment is expected to hold the largest share of the Canada seed market in the forecast period.

Major companies operating in the Canada seeds market are:

·         OSC Seeds (Ontario Seed Company Limited)

·         West Coast Seeds

·         Veseys Seeds Ltd.

·         Stokes Seeds Inc.

·         The Incredible Seed Company Ltd.

·         T&T Seeds Ltd.

·         William Dam Seeds

·         Heritage Harvest Seed

·         Wildflower Farm & Seed Company

·         Portage Seeds

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“The global food security concerns have a profound impact on the Canada seeds market. The country plays a pivotal role in meeting the demand for high-quality seeds that enhance agricultural productivity, improve crop yields, and contribute to sustainable food production. As a major exporter of agricultural products, Canada can capitalize on the demand for its high-quality seeds in international markets, contributing to the growth of the seeds market. Meeting the global food security needs continuous development of resilient seed varieties that can adapt to changing environmental conditions, resist pests and diseases, and optimize resource utilization.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Canada Seeds Market By Type (Hybrid, Genetically Modified, and Varietal), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Cotton, Fruits & Vegetables, Olericulture, and Others), By Trait (Herbicide Tolerance, Insecticide Resistance, and Others), By Availability (Farm Saved, and Commercial), By Sales Channel (Direct, Indirect), By Seed Treatment (Treated, Non-Treated), By Region, Competition, Opportunity and Forecast, 2028F”, has evaluated the future growth potential of Canada seeds market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Canada seeds market.”

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