Seed Potatoes Market Size, Share, Growth, and Industry Growth by Type (Conventional Seed Potatoes and Micro Propagation Seed Potatoes), By Application (Processing French Fries, Processing Chips, Processing Table, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Seed Potatoes Market REPORT OVERVIEW

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The global seed potatoes market size was USD 17120 million in 2021 and is projected to touch USD 23388.95 million by 2031, exhibiting a CAGR of 3.2% during the forecast period.

Seed potatoes, also known as true potato seeds (TPS), are seeds that are used to grow potatoes that are genetically similar and identical to their parent potato. It is a botanical seed of potato as an alternative way to grow potato crops. They are grown at a certain temperature. Potato plants have small green fruits that are berries which are filled with hundreds of seeds that have the same appearance and size of a cherry tomato. They are used to produce planting    

The growing demand for such seeds is its popularity amongst small-scale farmers in developing countries. Due to its genetically diverse nature, it means that potatoes from the seeds can be genetically unique and will produce tubers of different features. New technologies such as vitro production, hydroponic production, and other TPS technologies are propelled to increase the demand for the seeds. Increasing potato consumption and innovative potato production are driving factors of the market.

COVID-19 Impact: Halt on Agriculture Sector to Decrease Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the global seed potato market is noticeably influenced. In 2020, COVID-19 has had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. The pandemic led to halting of operations in the agriculture sector that led to gaps in demand and supply. Initial phases of the lockdown disrupted agricultural value and supply chains due to which there was an effect on overall market growth. On the other hand, consumers stocked and stored inexpensive groceries and potatoes were one of them. Such scenarios are expected to progress the market demand and development of the market.  

LATEST TRENDS

"New Technology to Propel Market Development"

Growing trend for new technology is anticipated to increase the growth of the global seed potatoes market. New technologies for the production of such potatoes are being developed. Vitro production of micro tubers and now private production of propagation material. There are also technologies such as hydroponic production in tropics and sub-tropics of potato minituber has also led to increase in high-quality seeds. This is expected to improve the seed production, seed quality, field performance of such seeds, and implementation of TPS technology. Such innovative technological advancements are expected to propel the growth of the market demand.      

Seed Potatoes Market SEGMENTATION

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• By Type

Based on type; the market is divided into conventional seed potatoes and micro propagation seed potatoes.    

Conventional seed potatoes are the leading part of the type segment.

• By Application

Based on the application; the market is divided into processing French fries, processing chips, processing table, and others.    

DRIVING FACTORS

"Increasing Consumption of Potatoes to Support Market Growth"

The global seeds potatoes market growth is estimated to rise due to rising consumption and demand for potatoes. Potatoes are one of the largest food crops that is consumed by humans. There are a wide variety of potatoes globally that are grown and consumed. The growth in potato consumption has led to an increase in production also. Use TPS to meet the growing demand for potatoes and cater to human consumption. The potatoes grown from seeds produce the exact clone of the mother plant resulting in production of potatoes. The rise in consumption of potatoes is expected to augment the demand for TPS and innovative crop technologies.

"Innovative Potato Production to Propel Market Development"

Growing trend for innovative potato production is anticipated to increase the growth of the global seed potatoes market. There have been intensive research activities going on the use of botanical seeds of potatoes as an alternative way to grow potatoes. Such research has made it possible to have a commercial production of the potatoes. The use of TPS means will reflect in a new crop commodity chain that requires research on breeding, agronomy, and seed production. Experimentation and wide adoption by farmers in many countries reflected the technological advantages of using TPS. TPS is being used in various countries that can promote crop technology innovation.

RESTRAINING FACTORS

"Lack of Awareness Amongst Farmers to Hamper Market Growth"

There are a number of factors that can push the growth of the market. Restraining factors such as lack of adoption amongst farmers. Such a factor is expected to reduce the demand for the product in the market. They are not comfortable with the process of growing potatoes on a large scale. The main reason for this is due to extra work that is involved in growing the crop from the seeds. This factor is expected to restrain the growth of the market.

Seed Potatoes Market REGIONAL INSIGHTS

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"Asia Pacific to Govern Market Due to High Demand for Potatoes"

Asia Pacific holds the largest part of the global seed potatoes market share due to large consumption of potatoes. Majority of the demand derives from China due to increased harvest and production. The wide availability is catered with the help of TPS. Changing climatic conditions and increase in the consumption of potatoes amongst the middle class population which can make the availability of the potatoes all the time. Such factors are expected to drive the demand and growth in the market.  

KEY INDUSTRY PLAYERS

"Key Players to Boost Demand Leading to Market Growth"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• HZPC (Netherlands)
• Agrico (India)
• Germicopa (France)
• EUROPLANT Pflanzenzucht (Germany)
• Solana (Canada)
• Danespo (Denmark)
• C. Meijer (Netherlands)
• NORIKA (Germany)
• Interseed Potatoes (Germany)
• IPM Potato Group (Ireland)

INDUSTRY DEVELOPMENT

• April 2022: Bejo Zaden B.V. has obtained the breeding rights for its first TPS hybrid. The new Oliver F1 is grown directly from botanical seed and can produce potatoes within one season after replanting.

REPORT COVERAGE

This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.