Increasing Demand for Processed Food and Launch of Sweet Corn-Based Products to Augment Growth of Sweet Corn Seeds Market
Increasing demand for processed food is expected to propel growth of the global sweet corn seeds market. For instance, according to the U.S Department of Agriculture, export of prepared food from U.S. increased from US$ 5, 849 million in 2015 to US$ 6,682 million in 2019. Moreover, launch of sweet corn-based products is also expected to aid in growth of the market. For instance, in December 2020, Brothers All Natural, a provider of freeze-dried fruit crisps, launched Freeze-Dried Sweet Corn with Salt and Pepper. Significant growth in the fast-moving consumer goods (FMCGs) sector is expected to offer lucrative growth opportunities for players in the global sweet corn seedsmarket . For instance, according to India Brand Equity Foundation, FMCG market in India is expected to grow at a CAGR of 27.86 per cent and is expected to reach US$ 103.70 billion by 2020 from US$ 52.75 billion in FY18. Moreover, investment in R&D is also expected to aid in growth of the market. For...