Press release
Cut Flower Market to Reach USD 57.21 Billion by 2032, Growing at a CAGR of 4.8% - Cut Flower Market Forecast
Cut Flower Market
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♦ Key HighlightsaMarket Size:
Global market size: USD 39.32 Bn in 2024; projected to reach USD 57.21 Bn by 2032.
Leading application: Floral arrangements and event decoration.
Largest regional market: Asia, with China, Japan, and India showing rapid growth.
Key drivers: Rising disposable incomes, urbanization, and popularity of eco-friendly flowers.
Notable players: Dümmen Orange, Oserian Development Company Ltd., Karuturi Global Ltd., Floret LLC, Danziger, Selecta Cut Flowers.
♦ Market Outlook
The cut flower market encompasses the cultivation, trade, and distribution of fresh flowers for decorative purposes. Roses dominate the type segment due to their popularity for gifts and decorations. Offline retail continues to hold a significant share, though online channels are rapidly expanding due to consumer convenience and evolving e-commerce trends. Sustainability and ethically sourced flowers are increasingly influencing consumer preferences.
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♦ Regional Insights
Asia leads the global market, driven by growing urbanization, disposable incomes, and gifting culture. Europe is emerging, with the Netherlands as a trading hub. North America's growth is influenced by seasonal events such as Valentine's Day and Mother's Day, with substantial imports from Colombia and Ecuador to meet demand.
♦ Key Players & Competitive Landscape
Major industry participants focus on sustainable cultivation practices, developing new varieties, and strategic partnerships to expand market presence globally. Companies like Dümmen Orange and Selecta Cut Flowers continue to drive innovation and competitive differentiation.
♦ Quote
"Consumer interest in sustainable and exotic flowers, coupled with the rise of online platforms, presents a significant growth opportunity for the cut flower market globally," said Anjali Mehta, Senior Analyst at Maximize Market Research.
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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