As per newly released data by Future Market Insights (FMI), the Floriculture market is estimated at USD 57.5 Billion in 2024 and is projected to reach USD ~109.1 billion by 2034, at a CAGR of 3.7% from 2019 to 2023.
Edible flowers such as citrus blossoms, hibiscus, lavender, roses, and nasturtium are gaining popularity among health conscious consumers. These flowers are rich in Vitamin C and antioxidants, which helps in reducing cholesterol levels, improves skin and hair health, and enhances heart functioning. Growing acceptance of flowers as a healthy food ingredient creates new opportunities for producers in the global floriculture market to expand their businesses.
| Attribute | Details |
|---|---|
| Estimated Floriculture Market Size (2024E) | USD 57.5 Billion |
| Projected Floriculture Market Valuation (2034F) | USD 109.1 Billion |
| Value-based CAGR (2024 to 2034) | 6.2% |
| Collective Value Share: Top 5 Countries (2023A) | 55% to 65% |
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In the historic period target market grew continuously owing to increased needs for decorative plants, flowers, and accessories. It was during this time that there were advances in production techniques, the development of e-commerce, home gardening, and landscaping becoming increasingly recognized by consumers. As well, the industry also embraced sustainable methodologies.
Looking forward the floriculture market is anticipated to be upward due to factors such as urbanization, increasing disposal incomes, and rising awareness of the environmental friendliness of plants propelling demand. Furthermore, enhancement of production efficiency as well as distribution through technological advancements in greenhouse farming and logistics is expected.
Over the forecast period, there may be more focus on organic and locally sourced flowers because environmentally conscious consumers are looking for these products. It is therefore evident that the market will experience strong growth with opportunities for innovation and expansion.
Floriculture Becoming a Mainstream Occupation
New market players are blooming in the local market and have witnessed significant growth over the historical period, especially in regions like Asia and Southeast Asia. These players are collectively expected to gain a considerable market share in the future, as floriculture is becoming a mainstream profession for earning their livelihood.
In developing countries, like India, where farmers are plagued with uncertainties in their annual agricultural yield, floriculture companies are taking up initiatives to encourage and educate them to embrace floriculture as an alternative business for earning better profits.
Implementation and Efforts by the Biotechnology Industry
The biotechnology industry is breathing new life of its own in the floriculture market. Successful research and development in molecular breeding is on the rise in the floriculture market.
Rapid progress in micro-propagation and the production of disease-free and stress tolerant plantlets enables the market participants to overcome previous hurdles faced by them such as the invasion of pests and fungus on the crops and dependency on the climatic conditions. The biotechnology companies are increasingly investing in the floriculture segment and meticulously expanding nurseries and research laboratories, indicating massive growth over the forecast period.
Improved Varieties & Cultivation Practices
Transportation and vase life impose many hurdles in the floriculture market. Hence, breeders have come up with various strategies to overcome it. They bred varieties of flowers that suit the regional atmosphere in Europe, which is a key market. Consequently, there has been a successful increase in the number of varieties of floriculture products offered by the breeders. Oftentimes, these varieties are available in retail stores at higher prices and superior products.
Principal Consultant
| Country | USA |
|---|---|
| Market Share (2023) | 3.0% |
| Market Share (2034) | 5.4% |
| BPS Analysis | (+) 243 |
| Country | China |
|---|---|
| Market Share (2023) | 1.4% |
| Market Share (2034) | 3.5% |
| BPS Analysis | (+) 209 |
| Country | India |
|---|---|
| Market Share (2023) | 1.2% |
| Market Share (2034) | 3.0% |
| BPS Analysis | (+) 174 |
Booming Cultural Preference for Gifting Flowers to Boost USA Market Expansion
The USA floriculture market is reflecting opportunistic growth potential owing to the noteworthy import of gifting flowers in tandem with the flourishing local cut flower industry. The US is anticipated to rise at a CAGR of ~6.2% during the forecast period.
Increasing demand for gifting flowers as well as florists' quick creativity in terms of personalization to appeal to consumers' interests are projected to boost the expansion of the market.
The popularity of online growers is expanding in the United States, as it connects producers and buyers through online auctions, allowing people to purchase flowers at reasonable prices and of excellent quality.
China Has Great Potential for Floriculture
Since 1958, the floricultural sector in China has gone through four stages: the embryonic stage, the starting stage, the steady developing stage, and the rapid developing stage. The floricultural sector in China has had significant growth as well as striking changes in areas like growing area, sales quantity, sales value, export value, number of flower marketplaces, number of flower producers, and employees between the years of 2001 and 2012.
There are six main types of cut flowers: gerbera, gladiolus, carnation, chrysanthemum, and rose. Rose has the most planting area and has the most sales, but lily has the highest average sales price. The floricultural sector is anticipated to expand quickly and in tandem with China's economic growth. The production of flowers and nursery stock will focus on specialized places with ideal temperature, soil, and transportation, while floriculture efficiency will rise to achieve better output and profitability from smaller areas by fewer people.
Advances in Commercial Floriculture to Drive Market Progression in India
Market growth in India is associated with rising customer preferences for flowers as well as increased advancements in commercial floriculture. The Indian floriculture market is anticipated to rise at a CAGR of ~9% during the forecast period.
India is quickly establishing itself as a major producer of floriculture plants. Commercial floriculture is becoming a viable business in the country as the demand for flowers rises. Flowers have long been a part of Indian culture, and they have been cultivated for a variety of reasons, ranging from artistic to cultural and religious.
Moreover, the Indian floriculture business is benefiting from a shift in manufacturing practices. Floriculturists are transitioning away from traditional flowers and toward cut flowers to service international markets.
Increasing Consumption of Cut Flowers to Positively Drive Business Outlook
Accounting for ~80.9% share in the floriculture market, cut flowers remain the key reverse generator for market players. Vase arrangements, bouquets, and wreaths are common uses for cut flowers. Many gardeners cut their flowers from their floriculture nurseries, although cut flowers are also sold commercially.
Environment, tradition, and regional economy all influence the plants grown. Plants are frequently produced particularly for this purpose, either in the field or in a glasshouse. Invention of new technologies across the cut flower sector to improve output and utilization would fuel overall market growth.
Growing Use of Flowers for Aesthetic Purposes by Institutions/Events Nada Notable Trend
Institutions/events that currently hold around ~58.1% of the share in the market would remain the prominent adopters of floriculture items. Huge potential for flowers for the purpose of decoration throughout multiple occasions would fuel the growth of the institutions/events segment during the forecast period.
Flowers are bought for a variety of purposes, including expressing love or sympathy, as well as achieving environmental and aesthetic aims. Floriculture is currently being adopted because of the necessity to incorporate green cover into workplace interior designs. Flowers are utilized for exchanging pleasantries and for decoration during events in various countries throughout the world, which will drive segmental expansion.
Supermarkets/ Hypermarkets Segment is estimated to Gain Traction during the forecast period
The direct sales segment accounted for a major share of ~77.6% of the global market in 2022 as most of the sales in the floriculture market take place directly through the manufacturers. The distribution channel is considered to be in a primitive stage. However, the supermarkets/ hypermarkets segment is anticipated to grow at a rapid rate with a CAGR of nearly 10.6% during the forecast period.
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he global floriculture market represents a fairly fragmented competition landscape, where a majority of key players maintain their strategic focus on the development of plant biotechnology, increasing production of flowering plants, and improving their market position.
Leading floriculture product suppliers would discover significant profits in trending offerings such as dried and pressed flowers that are being increasingly used in wedding arrangements, bouquets, and jewelry.
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| Attribute | Details |
|---|---|
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD Million/Billion for Value |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others (as per request) |
| Key Segments Covered | Product Type, Flower Type, End Use, Sales Channel, Country |
| Key Companies Profiled | Forest Produce Ltd.; Selecta Cut Flowers SAU.; Native Floral Group; Tropical Foliage Plants, Inc.; Oserian Group; Esmeralda Farms; Marginpar BV; DOS GRrINGOS, LLC; Flamingo Horticulture Ltd.; Danziger Group; Florensis Flower Seeds UK Ltd.; Verbeek Export B.V.; Florance Flora; Others (As per Request) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Floriculture market reached a valuation of USD 49.8 billion in 2023.
The global Floriculture market grew at a ~5.6% CAGR between 2019 and 2023.
Leading players operating in the global floriculture market are Forest Produce Ltd., Selecta Cut Flowers SAU., Native Floral Group, Tropical Foliage Plants, Inc., Oserian Group, Esmeralda Farms, Marginpar BV, DOS GRrINGOS, LLC, Flamingo Horticulture Ltd., Danziger Group, Florensis Flower Seeds UK Ltd., Verbeek Export B.V., Florance Flora among others.
The North America Floriculture market is projected to grow at a 6.1% CAGR over the forecast period.
Leading players in the global Floriculture market are estimated to account for approximately ~5%-10% of the total market share.
The Europe Floriculture market is anticipated to expand at 6.9% CAGR over the forecast period.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-Economic Factors, Market Dynamics, and Recent Industry Developments
4. Brand Mapping Analysis
5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
6. Pricing Analysis
7. Global Market Demand (in Value or Size in USD Million) Analysis and Forecast 2024 to 2034
8. Market Background
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
9.1. Cut Flowers
9.2. Cut Foliage
9.3. Plants
9.4. Propagation Material
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Flower Type
10.1. Rose
10.2. Chrysanthemum
10.3. Tulip
10.4. Lily
10.5. Gerbera
10.6. Carnations
10.7. Texas Blueball
10.8. Freesia
10.9. Hydrangea
10.10. Others
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
11.1. Personal Use
11.2. Institutions/Events
11.3. Hotels, Resorts, & Spas
11.4. Industrial
12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel
12.1. Direct Sales
12.2. Specialty Stores
12.3. Franchises
12.4. Florists & Kiosks
12.5. Supermarkets/Hypermarkets
12.6. Independent Small Stores
12.7. Online Retailers
12.8. Other Sales Channel
13. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
13.1. North America
13.2. Latin America
13.3. Europe
13.4. South Asia
13.5. East Asia
13.6. Oceania
13.7. Middle East & Africa
14. North America Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
15. Latin America Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
16. Europe Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
17. South Asia Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
18. East Asia Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
19. Oceania Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
20. MEA Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
22. Company Profile
22.1. Forest Produce Ltd.
22.2. Selecta Cut Flowers SAU.
22.3. Native Floral Group
22.4. Tropical Foliage Plants, Inc.
22.5. Oserian Group
22.6. Esmeralda Farms
22.7. Marginpar BV
22.8. DOS GRrINGOS, LLC
22.9. Flamingo Horticulture Ltd.
22.10. Danziger Group
22.11. Florensis Flower Seeds UK Ltd.
22.12. Verbeek Export B.V.
22.13. Florance Flora
22.14. Other Players (As Requested)
23. Assumptions and Acronyms
24. Research Methodology
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Floriculture Market
