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Floriculture Market Trends

Report ID: GMI12256
Published Date: Nov 2024
Report Format: PDF

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Floriculture Market Trend

Beyond their aesthetic appeal, flowers and plants are now widely incorporated into wellness products like essential oils, herbal teas, and skincare items. This synergy between floriculture and wellness meets the growing consumer demand for natural and holistic health solutions. People are drawn to these products not only for their beauty but also for their therapeutic benefits, as many flowers contain soothing, antioxidant, or anti-inflammatory properties. This trend has expanded the market, appealing to wellness-focused consumers seeking products that support both physical and mental well-being.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global floriculture industry was valued at USD 55.2 billion in 2023 and is projected to grow at a CAGR of over 5.1% from 2024 to 2032, driven by the increasing recognition of plants and flowers for mental well-being and stress reduction.

The Cut Flowers segment recorded USD 20.7 billion in 2023 and is expected to grow at a CAGR of 4.3% from 2024 to 2032 due to their high demand in events and celebrations, where they are used to create vibrant floral arrangements and decor.

North America's floriculture market was valued at USD 12.5 billion in 2023 and is expected to grow at a CAGR of 4.8% from 2024 to 2032, driven by the increasing popularity of flowers for home décor, gifts, and wellness purposes.

Key players in the industry include Danziger Group, DOS GRINGOS, Esmeralda Farms, Flamingo Horticulture, Florance Flora, Florensis Flower Seeds UK, Forest Produce, Marginpar, and Native Floral Group.