US Cut Flowers Market Forecast to 2028 - COVID-19 Impact and Analysis - by Flower Type (Rose, Carnation, Lilium, Chrysanthemum & Gerbera, and Others), Application (Home and Commercial), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores/Florists, Online Retail, and Others)
The US cut flowers market is expected to grow from US$ 9,206.39 million in 2021 to US$ 12,771.94 million by 2028. It is expected to rise at a CAGR of 4.8% from 2021 to 2028.
The cultivation of cut flowers is intensive as it requires large amounts of highly toxic pesticides and residues. Based on application, the US cut flowers market is segmented into home and commercial. In 2020, the commercial segment accounted for a larger revenue share in the market. The increasing demand for cut flowers in weddings, birthdays, funerals, commercial offices, hotels, institutions, and other places and events is boosting this market significantly.
The pharmaceutical industry has surfaced as a key consumer of cut flowers. The popularity of these flowers as medicinal herbs is driving the growth of this market substantially. The increased use of cut flowers in pharmaceutical industries due to the rising awareness about their various health benefits is also aiding the demand for these flowers in the commercial sector.
In the US, the demand for cut flowers for decorative purposes is significantly high. According to Floral Purchase Tracking Study 2016, home decoration is one of the main reasons for a customer to purchase cut flowers in the US. 77% of US consumers buy cut flowers on special occasions, such as birthdays and anniversaries.
The increase in consumption of cut flowers, specifically for decorations, is driving the US cut flower market. Companies in the US are also providing cut flowers for decorations, especially. For instance, Continental Flowers grows Forever Young red roses in Colombia, with a deep red velvet color. It is particularly used for decorations as it has an exceptionally long vase life.
A few key players operating in the US cut flowers market Holland America Flowers, LLC; Continental Flowers; Farm Fresh Flowers; Dummen Flowers; Washington Bulb Co., Inc; Selecta One; Multiflora; The Queen's Flowers; Oserian; and The Kariki Group. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill customers' requirements.
The overall US cut flowers market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the US cut flowers market.Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the US cut flowers market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the US cut flowers market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth US market trends and outlook coupled with the factors driving the cut flowers market as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The List of Companies - US Cut Flowers Market
1. Holland America Flowers, LLC
2. Continental Flowers
3. Farm Fresh Flowers
4. Dummen Flowers
5. Washington Bulb Co., Inc
6. Selecta One
7. Multiflora
8. The Queen’s Flowers
9. Oserian
10. The Kariki Group
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook