Shifting consumer preferences toward natural food and increased awareness about its health benefits are pushing the demand for organic seeds to new heights. A new report by Global Market Insights, Inc. predicts that the size of the organic seed market will reach $5.4 billion by the year 2024. The organic seed market for crops in the U.S. alone was worth in excess of $460 million in 2015, while many European countries are seeing advanced farming technology and supply chain improvements that are supporting organic product growth.
- It wasn’t too long ago that organic food was considered to be a luxury. Its high prices made it something that only the most devout health nuts and those with deeper pockets were willing to shell out for.
- A look at the current trends in the seed market illustrates this growing demand perfectly.
- Another factor that is helping spur this growth of organic seed sales, according to the report, is the implementation of more supportive governmental regulations that encourage farming without chemicals.
“A new report by Global Market Insights, Inc. predicts that the size of the organic seed market will reach $5.4 billion by the year 2024.”