Global Okra Seed Market Size to Grow at a CAGR of 5.60% During the Forecast Period of 2023-2028
The ‘Global Okra Seed Market Price, Size, Share, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global okra seed market, assessing the market on the basis of its segments like product types, traits, end-user, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Okra Seed Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.60%
Technological advancements have propelled the use of efficient machinery to increase the production capacity of okra seeds, significantly aiding the okra seed market development.
Market players are increasingly focusing on the production of organic okra seeds following the rising adoption of organic farming methods. As organic okra seeds are free from added chemical substances such as fertilisers and pesticides, their appeal among health-conscious consumers is rising.
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Major market participants are launching new products, selling their goods online, and researching and developing new hybrid okra seed kinds. Furthermore, they are focusing on the development of innovative hybrid seeds to enhance the quality and yield of okra. Growers are also increasingly demanding hybrid seeds to meet the rising demand for okra, thereby propelling the okra seed market growth.
Okra Seed Market Definition and Major Segments
Okra, scientifically known as Abelmoschus esculentus, is an edible plant that is mostly farmed and consumed commercially in South and Southeast Asia, West Africa, and Southern Africa. Okra seeds are little white seeds that are found in the plant’s seed pod. They are often used to provide necessary minerals to meals and as a source of antioxidants.
Based on product type, the market for okra seeds is segmented into:
• Conventional Okra Seeds
• Organic Okra Seeds
• Others
The okra seed market, based on trait, can be divided into:
• Hybrid
• Open-Pollinated Varieties
• Others
The major end-users of okra seeds include:
• Food
• Agriculture Planting
• Pharmaceuticals
• Others
The major regional markets for okra seeds are:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Okra Seed Market Trends
The expanding area of cultivation for okra is anticipated to favour the market growth of okra seed. Due to the increased revenues from the production of vegetables such as okra, growers are expanding their production areas.
Hybrid okra seeds are expected to account for a significant portion of the global okra seed market value, as such seeds offer various advantages like high yield, disease resistance, and high quality as compared to open-pollinated okra seeds. Besides, with the growing popularity of okra and the rising vegan population, the demand for okra seeds is likely to increase in the forecast period.
Key Market Players
The major players in the okra seed market report include
• Kitazawa Seed Co
• Sakata Seed Southern Africa’s Seeds (Pty) Ltd
• Mahyco Private Limited
• Terra Agro biotech Pvt limited
• Western Bio Vegetable Seeds Ltd
• Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
