Cut Flower Market Set to Grow at 4.8% CAGR, Asia Pacific Drives Demand | By Maximize Market Research

Cut Flower Market Expected to Grow to USD 52.09 Billion by 2030

The Cut Flowers Market Size was valued at USD 37.52 billion in 2023, and is set to surge at a compound annual growth rate (CAGR), of 4.8% and reach approximately USD 52.09 billion by 2030.

Drivers & Opportunities for Market Growth

Rapidly increasing demand for cut flowers during festivals, weddings, corporate events, etc., is supporting the growth of the market. Owing to the rapid progress in transportation and logistics, a broader array of cut flowers are available all year—susceptible to various consumer preferences. Furthermore, the increasing popularity of floral arrangements in interior décor and gifting is also boosting the market.

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Segmentation Analysis

The cut flower market is divided by flower type, application, and region.

By Flower Type: It comprises roses, lilies, chrysanthemums, carnations, etc. The highest market share occupies roses because they are one of the most popular kinds used for different occasions.

By Application: Major applications include events, weddings, festivals, and gifting. The corporate occasions and cultural ceremonies segment dominates the market, which is attributed to the rising demand for floral decorations in global business functions.

Regional Analysis

Netherlands: The Netherlands is a major trading and distribution center with Royal FloraHolland in Aalsmeer being the world''s largest flower market.

Colombia and Ecuador: These countries are among the largest exporters of cut flowers, mainly roses, to the United States and Europe.

Kenya and Ethiopia: These African countries are prominent exporters of cut flowers, particularly to the European market.

China — Urbanization, rising standards of living and a culture of gifting flowers have helped spur rapid growth in flower consumption in China.

India: Due but burgeoning demand for cut flowers, fueled by changing consumer preferences and increasing disposable income.

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Competitor Analysis

Dümmen Orange: A breeder and supplier of cut flowers worldwide.

Oserian Development Company Ltd: A Kenyan-based company involved in the development, cultivation, and export of high-quality cut flowers.

Karuturi Global Ltd.: an Indian company involved in the growing of and export of cut flowers, particularly roses.

Floret LLC A company in the United States noted for its specialty cut flowers and sustainable farming practices

Danziger: An Israeli cut flower and bedding plant breeding and supplier company.

Conclusion

The global cut flower market is anticipated to register a steady CAGR during the forecast period (2017-2026), according to a research report recently released by Fact.MR. Improvements in cultivation techniques and logistics expectations to improve the trade flow of cut flowers even more driving the market growth. Major players are expected to keep prioritizing innovation and sustainability to address the changing needs of the international market.

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