Growing in Seed Production Capacity, and rising prevalence for organic okra seeds are expected to augment the Okra Seeds Market at a healthy CAGR of 11% during the forecast period of 2022 to 2030

Market Research Future Insights

According to market research future insights analysis, the global okra seeds market is expected to register a CAGR of 11% from 2022 to 2030 and hold a value of over USD 380 million by 2030.

An increase in crop losses combined with a reduction in fertile land has fueled the need for hybrid seeds. The rising demand for high-quality okra output propels the okra seeds market to significant growth. Due to its numerous health advantages, including its variety of nutrients, okra is becoming more and more well-liked by consumers concerned about their diets. As a result, the global market for okra seeds is expanding at a rapid rate, which is a key element in the industry’s expansion. Consuming too much okra could have an impact on some people. Okra contains fructans, a type of carbohydrate that may cause digestive problems. For most consumers with digestive problems, fructans may cause diarrhea, gas, cramping, and bloating. Okra is considered a major market restraint because of its high oxalate content, which can result in meat stones. Numerous farmers find the growth of the okra crop to be economically beneficial due to the high yield and short crop cultivation period. As a result, this crop is being grown more frequently. The globe produced 9.87 million tonnes of okra in 2018, up from 9.57 million tonnes in 2017 and 9.35 million tonnes in 2016, according to the Food and Agriculture Organization of the United Nations (FAO). The global market for okra seed is anticipated to be driven by the rising global okra production. The sudden emergence of pandemics like COVID-19 can also hinder the export and import of different regional vegetables, which is anticipated to hinder the cultivation of okra seeds.

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Regional Analysis

North America dominated the market for okra seeds in 2021. The demand for vegetable seeds, including okra, tomato, and other varieties, is expected to increase in North America as people become more aware of the value of vegetables in a balanced diet. More than 90% of Americans, according to a survey from the Centers for Disease Control (CDC), do not consume enough vegetables, which may encourage the development of vegetable crops locally and increase demand for okra seed in North America. Additionally, it is anticipated that major market competitors in the area has favorably affect market growth.

Asia Pacific is expected to register lucrative growth in the market for okra seeds. Okra is one of the most widely produced crops in the world. The region’s okra seed market is anticipated to be driven by India’s expanding okra farming. For instance, India produced 6.12 million tonnes of okra in 2018, accounting for almost 62% of the world’s total production, according to the Food and Agriculture Organization of the United Nations (FAO). The growing use of hybrid okra seed for okra cultivation is also anticipated to be a positive driver for market expansion due to the high profit and improved yield quality connected with its production.

Market Segmentation

The global okra seeds market has been segmented into trait and farming types.

Based on the trait, the market has been segmented into hybrid and open-pollinated. The hybrid segment accounted for the largest share of the market in 2021. Customers are increasingly looking for high-yielding hybrid cultivars. On the other hand, the amount of land accessible for farming in the nation is not growing proportionally. Because of this, farmers use these products more frequently, resulting in higher yields with less agri-input requirements. On the other hand, the open-pollinated segment is anticipated to be the fastest-growing segment during the forecast period. Companies are attempting to provide open-pollinated seed varieties that are simple to incorporate into farmers’ adopted sustainable agricultural techniques.

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Based on farming type, the market has been segmented into organic and conventional. Conventional accounted for the largest revenue share in 2021 in the okra seeds market due to the extensive area covered by traditional agriculture. Organic was the fastest-growing segment. Because more land is being used for organic farming and more people are aware of the advantages of eating organic fruits and vegetables

Which region will hold the largest share of the okra market?

APAC okra seed market can hold share of about 63.77% of the entire market by 2030.

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Key Players

Some of the key market players are Syngenta AG (Switzerland), Maharashtra Hybrid Seeds Company Private Limited (India), Sakata Seed Corporation (Japan), Kitazawa Seed Company (US), W. Atlee Burpee & Co (US), Western Bio Vegetable Seeds Ltd (India), UPL Limited (India), Alabama Farmers Cooperative, Inc (US), Terra Agro Biotech Pvt. Ltd (India), and Mahindra Agri Solutions Pvt. Ltd (India).

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