1 Global Seed Potatoes Market Insight Analysis
The global Seed Potatoes market is valued at USD 13,696.11 million in 2024, with a CAGR of 2.5% from 2024 to 2033.
Seed Potatoes are tubers that can be planted in a vegetable plot or in containers depending on the variety, to produce a crop of harvestable potatoes. Potatoes grown from seed potatoes produce an exact genetic clone of the mother plant. Commercially produced seed potatoes are likely to produce better harvests, as they are specially selected for their high quality and certified virus-free.
Figure Global Seed Potatoes Market Size (M USD) and CAGR (2024-2033)
2 Seed Potatoes Market Growth Drivers and Restraints
Growing consumer demand: As an important food crop in the world, the consumer demand for potatoes continues to rise. More than one billion people in the world eat potatoes, with an annual output of more than 300 million tons, and the planting range covers about 125 countries. Its easy storage, high yield, low planting requirements, and high nutritional value make it widely used in the processed food industry.
In addition to daily cooking, it can also be made into a variety of products such as French fries and potato chips. With the acceleration of urbanization, population growth, changes in dietary concepts, and the expansion of the food processing industry, the demand for potatoes continues to increase, which in turn drives the development of the seed potato market. Farmers are more and more urgent for high-quality seed potatoes.
Government policy support: Many national governments realize the importance of the potato industry to food security and rural economy, and have introduced policies to support the seed potato market. For example, in 2022, the Canadian government invested 16 million Canadian dollars to help Prince Edward Island’s potato industry recover, promote digitalization and automation, and open up new markets;
in 2023, the Irish government provided 3.1 million euros in investment assistance to the seed potato and potato chip industries; the U.S. Department of Agriculture funded McCain Food-related projects; Nigeria introduced new potato varieties with funding from the German International Cooperation Agency to enhance the local supply of high-quality seed potatoes. These policies provide support in terms of funds, technology, and industrial development to promote the prosperity of the seed potato market.
Technological innovation drive: Seed potato cultivation technology continues to innovate, injecting momentum into market growth. Tissue culture combined with aeroponic systems and top rooting cuttings can cultivate high-quality seed potatoes; hydroponic technology is based on mineral water solutions and does not require soil. Commonly used deep liquid flow technology and nutrient film technology can improve seed potato yield and quality; meristem culture procedures combined with thermotherapy and chemotherapy can effectively remove viruses and cultivate virus-free seed potatoes; genetic manipulation technology helps develop potato varieties with excellent traits such as disease resistance, drought tolerance, and high yield, and can also shorten the breeding cycle to meet the diversified needs of the market.
Impact of climate and diseases: Seed potatoes are vulnerable to weather and disease threats. In 2024, due to the rainy summer in the Netherlands, seed potatoes in some areas were damaged and the supply was reduced. Seed potatoes carry a variety of pathogens and pests, such as fungal and bacterial pathogens that can cause late blight and ring rot, which affect the quality and yield of seed potatoes. During the growth and harvesting stages, climatic conditions have a significant impact on seed potatoes. Humid environments are prone to diseases, drought affects germination, and uneven cold and heat can cause physical damage to seed potatoes, increase planting risks, and hinder market growth.
High production costs: The high cost of seed potato production restricts market development. The price of certified seed potatoes accounts for 30%-60% of the total production cost, which is unaffordable for farmers with limited resources. The production process requires large initial investments, including high-quality seeds, land, equipment, and agricultural material procurement, and additional investments are required for quality testing and implementation of certification standards. In addition, seed potato storage requires refrigeration facilities, which is costly. In developing countries, farmers face problems such as limited variety choices, reliance on imported high-priced seed potatoes, and the easy introduction of foreign pathogens, which limits the expansion of the seed potato market.
3 Technological Innovations in the Seed Potatoes Market
Innovation in cultivation technology: In the field of seed potato cultivation, a variety of innovative technologies have emerged. The aeroponic system combines tissue culture and uses the aerosol environment to provide nutrients for plants, promoting the rapid reproduction of seed potatoes. In temperate climates, the system has a significant effect on increasing the yield of early-maturing and mid-maturing varieties. Hydroponic technology replaces soil with mineral aqueous solution, and deep liquid flow technology and nutrient film technology are widely used to ensure a stable growth environment for seed potatoes and improve yield and quality.
Meristem culture combined with thermotherapy and chemotherapy can effectively remove potato viruses and improve the health level of seed potatoes. Gene editing technology is a key breakthrough that can accurately improve potato varieties and cultivate disease-resistant, stress-resistant and high-yield seed potatoes. For example, late blight-resistant varieties cultivated through genetic technology reduce the use of chemical pesticides and ensure the quality and yield of seed potatoes.
Intelligent development of agriculture: With the advancement of science and technology, the seed potato industry is moving towards intelligence. IoT sensors monitor soil moisture, temperature and nutrients in real time, providing data support for precise irrigation and fertilization; artificial intelligence systems analyze massive agricultural data to assist farmers in making scientific planting decisions and improve production efficiency; drones are equipped with high-definition cameras and multispectral sensors to obtain crop health information and detect potential pests and diseases in advance; agricultural robots can complete tasks such as sowing, weeding, and picking, reducing labor costs, reducing crop damage, and improving the accuracy and efficiency of planting management.
Corporate M&A Dynamics: Corporate mergers and acquisitions and restructuring frequently occur in the seed potato market, changing the market landscape. In 2024, Agrico plans to acquire the seed potato business of The Potato Company (TPC), after the two parties have established a strategic partnership for many years.
The acquisition will help Agrico expand its planting area, optimize its organizational structure, enhance its competitiveness in the Western European seed potato market, and better meet the global market demand for seed potatoes. HZPC’s acquisition of TLC Potatoes consolidates its position in the UK market, further expands its market share, and enhances its brand influence. These mergers and acquisitions integrate resources and promote the sharing of technology, talent, and market channels.
4 Global Seed Potatoes Market Size by Type
Conventional Seed Potatoes are produced outdoors in open fields. These potatoes are susceptible to soil-borne diseases, viruses, and pests, so they undergo rigorous agricultural testing to ensure they are free from diseases. The production of conventional seed potatoes involves selecting high-quality plants and ensuring their crops are disease-free. This type of seed potato is essential for maintaining the genetic diversity and vigor of potato crops.
In 2024, the revenue generated from Conventional Seed Potatoes was $3,068.38 million. This figure represents a significant portion of the overall market, highlighting the continued demand for traditional seed potatoes. Despite the advancements in technology, conventional seed potatoes remain a staple in many agricultural practices due to their reliability and adaptability to various farming conditions.
Virus-free Seed Potatoes are produced through advanced techniques that eliminate viruses from the potatoes. These methods include physical, chemical, biological, and other technical measures to ensure that the potatoes are free from viruses. The production of virus-free seed potatoes is more controlled and often involves specialized facilities and processes. This type of seed potato is highly valued for its superior quality and yield, making it a preferred choice for many farmers and researchers.
In 2024, the revenue from Virus-free Seed Potatoes was $10,627.73 million. This substantial revenue indicates the growing preference for high-quality, disease-free seed potatoes. The demand for virus-free seed potatoes is driven by the need for higher yields, better crop quality, and reduced reliance on chemical treatments. These potatoes are particularly important for large-scale commercial farming and research institutions.
Table Global Seed Potatoes Market Size by Type in 2024
|
Type |
Market Size (M USD) 2024 |
|---|---|
|
Conventional Seed Potatoes |
3068.38 |
|
Virus-free Seed Potatoes |
10627.73 |
5 Global Seed Potatoes Market Size by Application
In 2024, the revenue generated from seed potatoes used in scientific research was $563.81 million. This segment involves the development of new potato varieties that are more disease-resistant, have higher yields, and are more economically profitable. Research institutions and potato breeding centers purchase seed potatoes to conduct studies and develop improved varieties. The demand for high-quality, virus-free seed potatoes is particularly high in this segment, as they are essential for accurate and reliable research outcomes.
The farming segment, which includes commercial potato cultivation for food and industrial use, accounted for the majority of the market revenue in 2024, reaching $13,132.30 million. Farmers purchase certified seed potatoes to achieve higher potato yields and better crop quality. The certification process ensures that the seed potatoes are free from diseases and pests, leading to healthier and more productive crops. This segment is driven by the increasing global demand for potatoes, both for direct consumption and for processing into products such as frozen french fries, potato chips, and potato starch.
Table Global Seed Potatoes Market Size by Application in 2024
|
Application |
Market Size (M USD) 2024 |
|---|---|
|
Scientific Research |
563.81 |
|
Farm |
13132.30 |
6 Global Seed Potatoes Market Size by Region
North America’s seed potatoes market revenue in 2024 was $1,106.45 million. This region includes the United States, Canada, and Mexico, each with its unique market dynamics. The United States is a major producer and consumer of seed potatoes, with a focus on both domestic consumption and exports. Canada also plays a significant role in seed potato production, particularly in the provinces of Prince Edward Island and Alberta. Mexico’s market is driven by the increasing demand for potatoes for both fresh consumption and processing.
Europe’s seed potatoes market revenue in 2024 was $3,598.76 million. This region is characterized by a high demand for high-quality, certified seed potatoes. Countries such as the Netherlands, Germany, and France are major producers and exporters of seed potatoes. The European market is also influenced by stringent quality standards and regulations, which drive the demand for virus-free seed potatoes. The region’s focus on sustainable and organic farming practices further supports the market for high-quality seed potatoes.
The Asia-Pacific region’s seed potatoes market revenue in 2024 was $6,068.04 million. This region includes major economies such as China, Japan, South Korea, and India. China is the largest producer and consumer of potatoes in the world, with a significant portion of its production dedicated to seed potatoes. Japan and South Korea have high demand for high-quality seed potatoes for both fresh consumption and processing. India’s market is driven by the increasing demand for potatoes for food processing and export. The region’s growing population and changing dietary preferences are driving the demand for seed potatoes.
South America’s seed potatoes market revenue in 2024 was $934.04 million. This region includes countries such as Brazil and Argentina, which are major producers and exporters of potatoes. The market is driven by the increasing demand for potatoes for both fresh consumption and processing. The region’s favorable climate and agricultural conditions support the production of high-quality seed potatoes.
The Middle East and Africa’s seed potatoes market revenue in 2024 was $1,988.82 million. This region includes countries such as Turkey, Egypt, Saudi Arabia, and South Africa. The market is driven by the increasing demand for potatoes for both fresh consumption and processing. The region’s focus on food security and agricultural development is driving the demand for high-quality seed potatoes. Turkey and Egypt are major producers and consumers of seed potatoes in this region.
Figure Global Seed Potatoes Market Size (M USD) by Region in 2024
7 Global Seed Potatoes Market Analysis by Major Players
HZPC
Company Profile: HZPC, founded in 1898 and headquartered in the Netherlands, is a global leader in seed potato trading, innovative breeding, and concept development. The company operates in 19 countries with 400 employees and exports to over 90 countries, contributing to food security worldwide.
Business Overview: HZPC offers a wide range of innovative potato varieties optimized for local growing conditions. They provide solutions that dynamically anticipate climatological, cultural, and commercial challenges in the food industry. Their products include high-quality seed potatoes suitable for various climates and soil types, ensuring optimal yields and quality.
Product Offered: HZPC’s product portfolio includes varieties such as Annabelle, known for its excellent taste, firm cooking properties, and good bruising tolerance. These varieties are specifically bred to meet the needs of farmers and processors globally.
2024 Financial Summary: In 2024, HZPC’s revenue reached $449.30 million, with a gross margin of 17.41%. This strong financial performance underscores their leadership in the global seed potato market, driven by continuous innovation and a global distribution network.
Agrico
Company Profile: Agrico, established in 1973 and headquartered in the Netherlands, is a leading cooperative in the potato sector. The company is known for its strong and healthy potato varieties, developed through innovative breeding practices. Agrico operates globally, supplying high-quality seed potatoes to over 80 countries.
Business Overview: Agrico focuses on developing, producing, and marketing high-quality seed and ware potatoes using both conventional and organic methods. They offer 68 unique potato varieties tailored to local conditions and market preferences, ensuring optimal return on investment for farmers.
Product Offered: Agrico’s product range includes certified high-quality seed potatoes suitable for various applications, from fresh market sales to industrial processing. Their varieties are known for excellent storage life and adaptability to local climates.
2024 Financial Summary: In 2024, Agrico’s revenue was $303.84 million, with a gross margin of 20.28%. This robust performance highlights their commitment to quality and innovation, solidifying their position as a top player in the seed potato market.
Solana
Company Profile: Solana, founded in 1905 and headquartered in Germany, is a renowned company specializing in breeding resistant, high-yielding potato varieties. They offer comprehensive services from research and breeding to quality management and international logistics.
Business Overview: Solana’s business encompasses the entire value chain, from seed potato production to expert advice on variety selection and cultivation. They provide high-quality seed potatoes and support services to farmers and processors worldwide, ensuring optimal crop performance and yield.
Product Offered: Solana’s product portfolio includes varieties such as Almonda, known for its deep yellow flesh and skin color, robust crops, and good field resistance to diseases. These varieties are designed to meet the specific needs of farmers and processors, ensuring high-quality potato production.
2024 Financial Summary: In 2024, Solana’s revenue reached $132.12 million, with a gross margin of 18.69%. This strong financial performance reflects their expertise in breeding and their commitment to providing high-quality seed potatoes and comprehensive support services.