Okra Seeds Market 1

okra seeds market is expected to register a CAGR of 9.8% to reach USD
352.7 million by 2023.
Okra Seeds Market Research Report - Global
Forecast till 2023
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okra seeds market is expected to register a CAGR of 9.8% to reach USD
352.7 million by 2023.
Market Overview
Okra is a green flowering plant which has the same plant family as cotton and
hibiscus. Okra seeds are usually grown in tropical and sub-tropical regions. The latest
report published with MRFR analysis on Okra Seeds Market suggests that it is
estimated to record a CAGR of 9.8% during the forecast period. The global okra
seeds market is anticipated to garner a market revenue valuation of USD 352.7
million by the end of the forecast period of 2018-2023.
Market Scenario and Growth Factors
There are many market drivers and restraints mentioned in the latest analysis
published by Market Research Future (MRFR). The availability of total arable land is
taking a nose dive. This, coupled with increased instances of crop losses, is promoting
demand for hybrid seeds. Mounting demand for high-quality okra seed is also
propelling growth in the global okra seeds market. Consumption of okra has many
health benefits, which is proliferating the use of okra among the health-conscious
consumers, snowballing growth in the global okra seeds market.
Moreover, the rising prevalence of diabetes is likely to drive the okra seeds market
to a great extent. Okra seeds are utilized for the treatment of diabetes, leading to
an ascension of the same among the diabetic population during the forecast period.
Mushrooming demand for organic food products and a growing shift towards
functional foods are estimated to push the global okra seeds market exponentially
through the assessment period.
Market Segmentation
MRFR studies the global okra seeds market for segmentation carried out on the basis
of category and region. Based on category, the global okra seeds market is
segmented into conventional okra seeds and organic okra seeds. The conventional
okra seeds segment is likely to be at the forefront of the global market. The
conventional okra seeds market held around 90.5% share of the global okra seeds
market in 2018. Such market domination can be owed to the use of open-pollinated
and traditional varieties. The conventional okra seeds segment is anticipated to
exhibit an intense growth graph through the forecast period. The segment is
projected to record a valuation of USD 317.7 million by the end of the review period.
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okra seeds market is expected to register a CAGR of 9.8% to reach USD
352.7 million by 2023.
Alternatively, the organic okra seeds segment is expected to grow at the highest rate
during the conjectured time period. It is estimated to register a CAGR of 10.7%
between 2018-2023. This fast-paced growth can be attributed to the changing
consumer preference, in favor of organic fruits and vegetables.
Detailed Regional Analysis
The global okra seeds market is segmented on a regional basis into Asia Pacific,
North America, Europe, and the Rest of the World. Asia Pacific is projected to possess
the largest share in the global okra seeds market, registering a 9.6% CAGR during
the review period. The regional market for okra seeds is also anticipated to reach a
market valuation of 222.9 million by the end of 2023. The market in Asia Pacific
seems highly fragmented, owing to the presence of many small-scale okra seeds
manufactures present in the region. Pakistan, Malaysia, Philippines, and India are
some of the leading country-specific markets in the region. India is expected to
spearhead the regional okra seeds market.
North America is assessed to register significant growth during the forecast period.
Mexico is anticipated to lead the country-specific okra seeds market in North
America. This can be owed to high cultivation of okra in the country.
For More Information @
https://www.marketresearchfuture.com/reports/okra-seeds-market-
7715
Key Players
The global okra seeds market is influenced by many prominent players, as profiled
in the latest report by MRFR. These noteworthy players include W. Atlee Burpee &
Co (US), Maharashtra Hybrid Seeds Company Private Limited (India),
Kitazawa Seed Company (US), Sakata Seed Corporation (Japan), Alabama
Farmers Cooperative, Inc (US), Syngenta AG (Switzerland), Mahindra Agri
Solutions Pvt. Ltd (India), Western Bio Vegetable Seeds Ltd (India), UPL
Limited (India), and Terra Agro Biotech Pvt. Ltd (India).
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okra seeds market is expected to register a CAGR of 9.8% to reach USD
352.7 million by 2023.
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sales@marketresearchfuture.com
Copyright © 2017 Market Research Future.