Okara Market Size - By Usage (Bread {Steamed Bread, Sourdough Bread, Gluten-free Bread, Sweet Breads}, Noodles), Application (Household / Retail, Food & Beverage Industry {HoReCa, Food Processing}), Distribution Channel & Global Forecast, 2023 - 2032

Okara Market Size - By Usage (Bread {Steamed Bread, Sourdough Bread, Gluten-free Bread, Sweet Breads}, Noodles), Application (Household / Retail, Food & Beverage Industry {HoReCa, Food Processing}), Distribution Channel & Global Forecast, 2023 - 2032

Okara market size is projected to expand at 4.6% CAGR from 2023 to 2032, propelled by the increasing adoption of plant-based diets and the rising awareness of the nutritional benefits of soy-based products. Okara has turned increasingly appealing to health-conscious consumers due to its high protein content, fiber, and various essential nutrients. Additionally, the growing popularity of vegetarian and vegan lifestyles is amplifying the demand for okara for serving as a versatile and sustainable meat substitute.



The strong focus of the food sector on reducing waste and promoting circular economy practices is also increasing the utilization of okara in diverse culinary applications. The rising awareness of sustainability and evolving dietary preferences will also aid in the industry development. For instance, in April 2023, Soilabs, a Singapore based food tech firm, announced its plans to introduce finished products crafted from okra in the coming year.

The okara market is segregated into usage, application, distribution channel, and region.

Based on usage, the industry value from the noodles segment is projected to rise at 4.8% CAGR from 2023 to 2032, ascribed to the increasing demand for healthier and plant-based alternatives. Okara, being a rich source of protein and fiber, caters to the rising consumer preference for nutritious noodle options. The versatility of okara in enhancing the nutritional profile of noodles will drive the segment growth.

Okara market share from the household/retail application segment is projected to witness 4.1% CAGR between 2023 and 2032. This is attributed to the rising awareness of plant-based diets and the nutritional benefits of okara. Owing to its versatility in various culinary applications while aligning with the changing dietary preferences, okara is witnessing higher demand in the household and retail sector. Okara also finds increased use in home cooking and retail products for meeting the consumer needs of healthy and sustainable alternatives.

Regionally, the Europe okra market is projected to depict 4.2% CAGR from 2023 to 2032. This is due to the increasing consumer awareness of plant-based diets, the growing preference for nutritious food options, and the versatility of okra in culinary applications. The growing focus on health and sustainability will further outline the regional industry growth.