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However , organic seeds are costly . Also , high quality , certified seeds are limited in supply . These factors may have a negative effect on the industry ’ s prospects . The worldwide organic seed market is segmented on the basis of products and regions . Products are divided into vegetable seeds , field crop seeds , fruits & nuts , and other vegetation . Other vegetation comprises pastures and forage .
Vegetables , with about 31 % share in market revenues , was the leading product segment in 2015 . This segment , along with fruits & nuts , is projected to grow at a high rate till 2024 . Although not leaders in organic acreage , these two product categories have accounted for significant shares of the total revenues in the years gone by .
Regions are split into North America , Asia Pacific , Europe , Central & South America , and MEA ( the Middle East & Africa ). North America reigned in 2015 , occupying 36 % of the market volumes . It was followed by Europe .
Asia Pacific is likely to grow at a CAGR of 16 % over the forecast period . This could be credited to rising health awareness and disposable incomes , and a favorable regulatory environment . Prominent regional consumers of the organic produce cultivated in the developing economies include North America , Australia , Europe , Argentina , China , Brazil , and India .
Key players in the worldwide organic seed market are High Mowing Organic Seeds , Vitalis Organic Seeds , Southern Exposure Seed Exchange , and Seed Savers Exchange . The market is characterized by numerous domestic players , leading to stiff competition . However , exponential growth in demand lends the suppliers a high bargaining power .
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