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Okra Seeds Market Size Worth USD 352.7 Million with Significant Growth Rate Of 9.8% CAGR Between 2020-2023: Market Research Future
Okra Seeds Market
The global okra seeds market is estimated to be valued at USD 352.7 million by 2023 and register a CAGR of 9.8% during the forecast period. The conventional okra seeds segment accounted for the larger market share in 2017. The use of traditional agricultural practices and need for high-yielding varieties of okra seeds are expected to be the key drivers for market growth.
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Key Players
Market Research Future (MRFR) recognizes Syngenta AG (Switzerland), Kitazawa Seed Company (US), Maharashtra Hybrid Seeds Company Private Limited (India), Sakata Seed Corporation (Japan), W. Atlee Burpee & Co (US), Alabama Farmers Cooperative, Inc (US), Western Bio Vegetable Seeds Ltd (India), UPL Limited (India), Mahindra Agri Solutions Pvt. Ltd (India), and Terra Agro Biotech Pvt. Ltd (India) as the key players in the global okra seeds market.
Segmental Analysis
The global okra seeds market has been segmented on the basis of category into conventional and organic. Conventional okra seeds are produced under regular conditions without any additional support. The conventional okra seeds segment is expected to account for a larger share of the global okra seeds market during the review period. However, the organic okra seeds segment is projected to register the higher CAGR of 10.7% during the forecast period.
Regional Analysis
Geographically, the global okra seeds market has been segmented into Asia-Pacific, North America, Europe, and the rest of the world. As per MRFR analysis, Asia-Pacific dominated the market, accounted for the largest share of the market in 2017, and the regional market is expected to register a CAGR of 9.6% to reach USD 222.9 million by the end of 2023. India is projected to be the leading country-level market in the region.
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Key Findings of the Study:
The global okra seeds market is projected to reach USD 352.7 million by 2023 at a 9.8% CAGR during the review period of 2018 to 2023.
Asia-Pacific accounted for the largest share with India, Pakistan, and Malaysia the key markets with high demand for okra seeds in the region.
The conventional segment is expected to be larger during the forecast period.
Some of the players operating in the global okra seeds market are Syngenta AG (Switzerland), Kitazawa Seed Company (US), Maharashtra Hybrid Seeds Company Private Limited (India), Sakata Seed Corporation (Japan), and W. Atlee Burpee & Co (US).
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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