Global Peony Market Growth 2025-2031

Global Peony Market Growth 2025-2031

The global Peony market size is predicted to grow from US$ 530 million in 2025 to US$ 649 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.

Peony is a flowering plant in the genus Paeonia, the only genus in the family Paeoniaceae. Peony varieties with huge, double flowers will be the focal point of the garden when they bloom in early summer. Single-flowered types are more subtle and combine well with other perennials. Flower colors include pink, red, white, and yellow, and the plants grow 18 inches to 3 feet tall, depending on the variety. Peonies make an attractive low hedge. However, they can take up to 3 years to mature, and don"t perform well in hot summer climates.

Global Peony key players include Heze Peony Lotus Horticulture, Zi Peony, Shenzhou Peony, Arcieri"s Peonies, Shaoyaomiao, etc.

Netherlands is the largest market, with a share over 15%, followed by US and China, both have a share over 25%.

In terms of product, Paeonia Lactiflora is the largest segment, with a share over 80%. And in terms of application, the largest application is Domestic, followed by Business, etc.

LP Information, Inc. (LPI) ' newest research report, the “Peony Industry Forecast” looks at past sales and reviews total world Peony sales in 2024, providing a comprehensive analysis by region and market sector of projected Peony sales for 2025 through 2031. With Peony sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Peony industry.

This Insight Report provides a comprehensive analysis of the global Peony landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Peony portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Peony market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Peony and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Peony.

This report presents a comprehensive overview, market shares, and growth opportunities of Peony market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Paeonia Suffruticosa
Paeonia Lactiflora

Segmentation by Application:
Domestic
Business
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Arcieri's Peonies
Kennicott
Adelman Peony Gardens
Castle Hayne Farms
Alaska Perfect Peony
Third Branch Flower
Pivoines Capano
Warmerdam Paeonia
3 Glaciers Farm
Echo Lake Farm
Meadowburn Farm
Spring Hill Peony Farm
Joslyn Peonies
Maple Ridge Peony Farm
Chilly Root Peony Farm
Simmons Paeonies
English Peonies
Heze Peony Lotus Horticulture
Zi Peony
Shenzhou Peony
Shaoyaomiao
APEONY
GuoSeTianXiang
Yongming Flowers
Zhongchuan Peony

Key Questions Addressed in this Report

What is the 10-year outlook for the global Peony market?

What factors are driving Peony market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Peony market opportunities vary by end market size?

How does Peony break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.