Sweet Corn Seeds Market- Current Analysis by Market Share

Global Sweet Corn Seeds Market Overview

The Sweet Corn Seeds market estimated at USD 820.7 Million in the year 2023, is projected to reach a revised size of USD 1153.03 Million by 2032, growing at a CAGR of 3.85% over the analysis period 2024-2032.

Sweet corn is a maize variety grown for human consumption that is high in natural sugar content. Sweet corn controls the conversion of sugar to starch inside the endosperm of the corn kernel and is prepared and eaten as a vegetable, rather than a grain. Since the process of maturation involves converting sugar to starch, sweet corn seeds are eaten fresh, frozen, canned, or before the kernels become starchy and tough. Sweet corn seeds offer various nutritional benefits. They are a high source of fiber, potassium, folate, pantothenic acid, and vitamin B6, which improve human health by various means. Sweet corn is as nutritious as any other whole cereal grain, and owing to its natural and healthy sugar content, consumers across the world demand highly for this produce. Along with direct consumption, sweet corn seeds are also used widely for livestock feeding. Further, the huge demand for ethanol production has given rise to higher corn prices, which later provide incentives for farmers, thereby supporting the development of the sweet corn seeds market.

Dynamics And Factors For Sweet Corn Seeds Market

Drivers:

Rising Awareness among Consumers Regarding Health Benefits

Consuming sweet corn seeds directly or through any processed means offers various health benefits. Sweet corn seeds contain 3.27 g of proteins, vitamins B6 & B9, fiber 2 g, carbohydrates 18.70 g, sodium 15 mg, Carotene-ß: 47 µg, fat 1.35 g, and potassium 270 mg which are crucial for improving human health. The dietary fiber present in sweet corn seeds is beneficial for overall human health. It helps in reducing the risk of heart diseases, strokes, bowel cancer, and type 2 diabetes and in decreasing and controlling blood pressure. Sweet corn seeds contain antioxidant property that cells from radical damage caused by smoke or air pollution and protects the body from cognitive decline or vision loss problems.

Sweet corn also contains a high concentration of folic acid, which is majorly prescribed to women during pregnancy. Sweet corn is a rich source of Vitamin B1, and it produces acetylcholine in human body which is essential to boost memory and reduce the risk of Alzheimer’s disease. The yellow variant of sweet corn is also significant to improve poor eyesight and reduce lens damage that leads to cataracts. Henceforth, owing to such prominent health benefits, consumers across the world opt for regular consumption of sweet corn seeds, which is later estimated to fuel the market growth of sweet corn seeds over the projected period.

Restraints:

High Cost Associated as Compared to Traditional Corn Seeds and Several Side effects

Seed costs for many varieties of corn including sweet corn have evolved and trended up over time. The usage of emerging biotechnology methods and genetic improvements in hybrid varieties have led to producing higher yields which in turns gives more profit. Owing to such improvements in the seed-producing technologies, the seed prices and per acre seed costs have witnessed an immense rise in prices. Due to the high yield potential and pre-growing condition that is formulated by using such technologies, these seeds cost high prices to the farmers and hybrid seed growers. Furthermore, excessive consumption of sweet corn seeds may lead to rapid weight gain as it is rich in carbs and calories. Also, overindulging in sweet corn seeds may be potentially risky for consumers with diabetes. Therefore, the high cost and various side effects are expected to restrain the market growth of sweet corn seed in the upcoming years.

Opportunities:

Adopting and Implementing New Technologies in the Seed Industry

Technological advancements in the seed industry have given rise to agricultural productivity and are also essential in resolving major challenges through trait stacking, trait integration, hybridization, and microbe technologies. With the increasing urbanization in various developed and developing economies, the adoption of emerging technologies to improve crop productivity will create a profitable opportunity for the seed companies for faster growth. Agribusiness companies can extend their product reach and maximize profit by implementing several technologies such as genome editing technologies, RNA interference, microbiome technologies, and many more.

These technologies have the potential to offer breakthroughs in generating new traits in a variety of seed crops including sweet corn. For instance, the US is the major producer of corn, but the shifting climate changes and weather patterns especially in the Midwest could be risky for the crop to survive. Hence, major seed companies like Bayer, Syngenta, and Corteva have already introduced new varieties of sweet corn in recent years to overcome such challenges and generate maximum yield through the seeds. Additionally, technological advances such as precision farming, big data analytics, automation, and more are likely to empower the growth of the sweet corn seeds market in the forecast period.

Segmentation Analysis Of Sweet Corn Seeds Market

By Type, the Hybrid Certified Seeds segment is the most dominating segment of the sweet corn seed market. Hybrid certified seeds produce better-quality seeds, high yield, and hold the potential of generating maximum profit as compared to any other segment of sweet corn seeds. The enhanced sugar content and high shelf life of hybrid certified seeds are the major factors that drive the growth of this segment, and further, create a huge demand. However, consumption of farm-saved sweet corn seeds and open-pollinated certified sweet corn seeds worldwide has increased significantly owing to agricultural biodiversity using various traits containing sweet corn seeds.

By Seed category, the Yellow sweet corn segment is expected to dominate the market growth of sweet corn seeds in the forecasted period. The yellow category of sweet corn seed is a rich source of vitamin C, an antioxidant that wards off severe diseases like heart disease and cancer. Also, yellow sweet corn seeds are a good source of carotenoids: zeaxanthin and lutein that are good for maintaining eye health and preventing the lens damage that leads to cataracts. Owing to such benefits, the yellow sweet corn segment is estimated to witness huge growth and demand.

By Farming type, the Conventional method of producing sweet corn seeds is anticipated to dominate the sweet corn seeds market. Conventionally grown corn seeds are ideal for fast growth, pest and disease resistance, larger and sweeter seeds, and higher yields. The seeds are genetically altered, which thereby results in maximizing the revenue. Thus, the conventional type of farming for cultivating sweet corn seeds will dominate the market in the upcoming years.

By Sales Channel, the agri-specialty retailers dominate the segment and boost the market growth of sweet corn seeds. Several initiatives by the private players and government bodies are been undertaken to provide backward and forward linkages to the farmers. Various initiatives like the Credit Co-operative Societies Act or Primary Agricultural Co-operative Society formulate rapid growth of agri-specialty retailers, as they act as an essential linkage and farmers all across the world trust more on such retailers.

Regional Analysis of Sweet Corn Seeds Market

North America region dominated the sweet corn seed market and is estimated to continue its dominance in the forthcoming years. Corn is the primary and major feed grain in the US, which accounts for more than 95 percent of the total feed grain usage and production in this region. Per capita consumption of fresh corn has remained constant over the same period in the US region, but the production of processed sweet corn has been observed to rise substantially owing to greatly increased consumption of frozen cut and cob sweet corn. Furthermore, the increasing urbanization and favorable government regulations are the major factors that drive the growth of sweet corn seed in the North American region. Moreover, the number of large corn farms with approximately more than 500 acres has risen over time which further boosts the production of sweet corn and seeds in the region. Additionally, the improvements in biotechnology and genetics as well as initiatives in research and development in the North American region are estimated to support the development of the sweet corn seeds market over the projected timeframe.

The sweet corn seed market in APAC region is anticipated to develop at the highest CAGR during the analysis period. The largest maize-producing countries in this region are India, China, and Vietnam which are estimated to grow rapidly.  Sweet Corn production has also brought an expansion in non-traditional growing areas of this region, as short-season hybrids are been cultivated simultaneously. Additionally, as ethanol production increases, the demand and supply of ethanol coproducts also rise. The dry-milling and wet-milling methods of producing ethanol by the sweet corn generate an ample number of economically valuable coproducts which are further used as a feed ingredient for livestock and add to the rising growth of the sweet corn seed market in this region.

Covid 19 Impact Analysis On Sweet Corn Seeds Market

The outbreak of COVID-19 and the preventive measures taken to control the spread of the virus is having a major effect on the agriculture sector across the globe. Seeds are the initial point for agricultural production; thus, during times of such crisis such as the Novel Coronavirus, seed delivery is among the crucial services that must continue to operate well to support the current production cycles. Further, issues associated with transportation of seeds either internationally or domestically due to the reduced number of air transports, fewer drivers, and steady process of documentation because of a lesser number of staffs is creating specific problems for the sweet corn seed sector. COVID-19 impact on the agri-allied as well as agriculture sectors remains untapped, especially with the inability of small-scale farmers to transport their products from their farms to markets, both urban as well as semi-urban, and to trade agricultural quality inputs worldwide.

Top Key Players Covered In Sweet Corn Seeds Market

• Syngenta AG(Switzerland)
• Bayer AG(Germany)
• Corteva, Inc. (U.S)
• Vilmorin & Cie (France)
• Harris Seeds (U.S)
• Schlessman Seed Company (USA)
• MAY Seed (Turkey)
• Advanta Seeds ((U.S)
• Johnny's Selected Seeds (USA)
• DowDuPont (U.S)
• KWS(Kenya)
• Monsanto (U.S)
• Limagrain (France)
• Nuziweedu seed (India)
• Sakata Seed (Japan) and other major players.

Key Industry Development In The Sweet Corn Seeds Market

• In October 2023, Rob-See-Co acquired Federal Hybrids, an Iowa-based seed company. This acquisition positions Rob-See-Co as the 14th largest corn seed company in the United States.
• In August 2023, Bayer AG launched the herbicide-tolerant biotech corn Dekalb DK95R in Banggo village, Manggalewa district, Dompu Regency, West Nusa Tenggara, Indonesia.