Jul 7, 2020   SOURCE: BusinessWire

Global Seed Colorant Market to Grow at a Revised CAGR of 14.1% During 2020-2027 due to COVID-19 - ResearchAndMarkets.com

The "Seed Colorant - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Seed Colorant Market to Reach US$773.9 Million by the Year 2027

Amid the COVID-19 crisis, the global market for Seed Colorant estimated at US$307.8 Million in the year 2020, is projected to reach a revised size of US$773.9 Million by 2027, growing at a CAGR of 14.1% over the analysis period 2020-2027.

Grains & Cereals, one of the segments analyzed in the report, is projected to grow at a 14% CAGR to reach US$372.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oil Seeds segment is readjusted to a revised 15.1% CAGR for the next 7-year period. This segment currently accounts for a 27.1% share of the global Seed Colorant market.

The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 18.3% CAGR for the Period of 2020-2027

The Seed Colorant market in the U. S. is estimated at US$83 Million in the year 2020. The country currently accounts for a 26.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$174 Million in the year 2027 trailing a CAGR of 18.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10% and 12.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.1% CAGR while Rest of European market (as defined in the study) will reach US$174 Million by the year 2027.

Fruits & Vegetables Segment Corners a 11.9% Share in 2020

In the global Fruits & Vegetables segment, USA, Canada, Japan, China and Europe will drive the 12.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$27.5 Million in the year 2020 will reach a projected size of US$62.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$116.9 Million by the year 2027, while Latin America will expand at a 15% CAGR through the analysis period.

The publisher brings years of research experience to this 7th edition of the report. The 191-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Aakash Chemicals
  • BASF SE
  • Bayer AG
  • Centor Oceania
  • Chromatech Incorporated
  • Clariant AG
  • Germains Seed Technology Inc.
  • Globachem N.V.
  • Greenville Colorants
  • INCOTEC Group B.V.
  • Mahendra Overseas
  • Samarudhi Chemical Private Limited
  • Sensient Technologies Corporation

Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/zavpd