The ‘Indian Exotic Flowers Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Indian exotic flowers market, assessing the market on the basis of its segments like type, variety, sector, distribution channel, and producing states.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Indian Exotic Flowers Market Price, Trends, Size, Share, Industry, Key Player, Major Segments, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 19.5%
The Indian exotic flowers market is expected to register growth during the forecast period on account of the increasing demand for exotic flowers in various events and institutions. The surging demand for cut flowers due to their beauty and sweet fragrance is one of the significant aspects driving the market growth. With increased demand, there are higher profits linked to cultivating ornamental plants which is expected to support expansion of the market.
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The rising disposable income among consumers is likely to generate lucrative growth opportunities for the market of exotic flowers. The expanding horticulture industry along with the emerging economy in the country and growing globalisation is expected to fuel the growth of the market over the coming years.
The rising advancements in plant cultivation are driving the floriculture industry and are likely to support the Indian exotic flowers market growth. Based on sector, the unorganised sector segment is holding a considerable market share over the forecast period as it includes roadside vendors, which account for substantial sales of exotic flowers.
Meanwhile, the organised sector segment is expected to witness growth over the upcoming years on account of an upsurge in online shops focusing on selling a wide range of exotic flowers.
Indian Exotic Flowers Industry Definition and Major Segments
Exotic flowers are such flowers that grow in certain ecosystems or regions. Such flowers are hard to find in the market as they are not grown naturally. Exotic flowers vary depending upon region, and are often prized due to their popularity and unique appearance or scent. These flowers are available independently or in combination with local flowers.
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Based on type, the market is segmented into:
• Loose Flowers
• Cut Flowers
By variety, the market is classified into:
• Lotus
• Hibiscus
• Tulips
• Lavender
• Orchids
• Carnations
• Lily
• Daffodils
• Others
On the basis of sector, the market is categorised into:
• Organised Sector
• Unorganised Sector
Based on distribution channel, the market is segmented into:
• Unorganised Retail
• Florist
• Supermarket/Hypermarket
• Online
• Others
On the basis of producing states for cut flowers, the market is classified into:
• West Bengal
• Karnataka
• Orissa
• Uttar Pradesh
• Maharashtra
• Others
Based on producing states for loose flowers, the market is divided into:
• Tamil Nadu
• Karnataka
• Madhya Pradesh
• Mizoram
• Gujarat
• Others
Indian Exotic Flowers Market Trends
The rising consumer preferences for exotic and speciality flowers coupled with the growing advancements in commercial floriculture are expected to boost the Indian exotic flowers market. The increasing number of manufacturers of floriculture plants in India are further expected to support the market growth of exotic flowers over the coming years.
The increasing popularity and demand for flowers in India culture from religious, cultural, and aesthetic reasons are further expected to fuel the market demand for exotic flowers.There is growing usage of exotic flowers in metropolitan cities for different occasions such as festivals, birthdays, Valentine’s Day, religious ceremonies, and anniversaries, among others.
With the growing demand for exotic flowers in weddings in cities like Delhi, Mumbai, Hyderabad, Kolkata, and Bengaluru, among others, the Indian exotic flowers market growth is expected to enhance over the coming years. The growing awareness about benefits related to exotic flowers like herbal skincare, natural relaxation, and aromatherapy, is expected to push forward the market growth of exotic flowers across India.
Key Market Players
The major players in the Indian exotic flowers market report are:
- Ferns N Petals
- Phoolwala
- ArenaFlowers
- May Flower
- Elegant Floriculture & Agrotech (I) Limited
- Soex Flora
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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