Astute Analytica recently updated a new research report on the Global Cut Flowers Market. This research report has both primary and secondary data sources. This analysis includes the government strategy, market situation, competitive landscape, historic data, current market trends, technical inventions, future technologies, and technical growth in associated industries.
The Global Cut Flowers Market generated revenue of US$ 28,891.5 million in 2021 and is estimated to reach a valuation of US$ 47,965.5 million by 2030 at a CAGR of 5.8% during the forecast period.
The global market is continuously changing to meet changing customer demand and trends. In recent years, the market has become increasingly influenced by digital innovation, the COVID-19 pandemic, and a greater emphasis on sustainable and healthy behaviors.
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Digitalization has put the client in control, allowing them to compare and scrutinize things in real-time. In order to sustain client loyalty in this environment, consumer goods companies are enhancing their marketing methods and brand recognition.
The leading players in the market have introduced new products to fulfill an ever-increasing range of human needs and aspirations. These methods, along with higher margins and portfolio weightings in fast-growing areas, have resulted in outstanding shareholder returns.
Impact Analysis of COVID-19
The COVID-19 pandemic changed how people buy and wreaked havoc on the market. Cleaning supplies, shelf-stable food, beverages, and toilet paper became scarce in certain nations. Furthermore, the function of sustainability is becoming increasingly important in the consumer goods sector; there is a growing desire for more sustainable and ethically manufactured products across the board.
However, the industry’s fundamentals and stock market performance have deteriorated. In terms of economic profit contribution, several players began to pull ahead of the pack. The US market before COVID-19, for example, is instructive. In the United States, specific brands (with more than $750 million in revenue) lost volume at a pace of 1.5%. Small brands increased by 1.7%, while private labels increased by 4.3%.
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- Restaurants & Cafes
- Wedding Destinations
By Flower Color
- Purple, Lavender or Blue
- Yellow or orange
- Red pink
By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Store/Florists
- North America
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Rest of the World
Key Players Insights
Dümmen Orange, Afriflora Sher, Karen Roses, The Kariki Group, Rosebud Limited, MultiFlora, and Oserian are some of the key players in the global cut flowers market.
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