According to the latest report by IMARC Group, titled “Indian Floriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the floriculture in India.The Indian floriculture market size reached INR 231.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 460.6 Billion by 2028, exhibiting a growth rate (CAGR) of 13.1% during 2023-2028.
Floriculture or flower farming refers to the cultivation of ornamental and flowering plants. It can be done in temperate climates in crop fields, outdoor nurseries, or greenhouses database. Some of the commonly grown flowers in the country include carnation, rose, tuberose, marigold and anthurium. Flowers have always been an important element of Indian culture, and they are grown for a variety of reasons ranging from religious to social and aesthetic. They are also used as raw materials in the production of perfumes, essences, and medicines.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Indian Floriculture Market Trends:
The growing influence of western culture and the rising rates of modernization have caused an increase in demand for flowers as they are bought for occasions such as weddings, Valentine’s Day, birthdays, anniversaries, etc. Furthermore, flowers also find extensive applications during religious festivities and wedding season in the country. Additionally, various industries utilize flowers for adding flavors, fragrances, and natural colors to their products, thereby further catalyzing the market for flowers. Apart from this, India has diverse agro-climatic conditions with suitable geographical locations to grow several types of flowers. This, along with the wide presence of skilled labor and implementation of favorable export policy by the Government of India, are expected to further propel the market for floriculture in the coming years.
Indian Floriculture Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of flower type, retail Vs institutional, distribution channel and application.
Breakup by Flower Type:
- Cut Flowers
- Loose Flowers
Breakup by Retail Vs Institutional:
Breakup by Distribution Channel:
- Unorganised Retail
- Supermarkets and Hypermarkets
Breakup by Application:
- Aesthetic and Decorative Applications
- Flavours and Fragrances
- Natural Colours
Breakup by State:
- Andhra Pradesh
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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