At 4.5% CAGR, Asia Pacific Cut Flowers Market is Projected to be Worth US$ 9,985.36 Million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific cut flowers market was valued at US$ 6,998.34 million in 2022 and is expected to reach US$ 9,985.36 million by 2030, registering a CAGR of 4.5% from 2022 to 2030. Various health benefits associated with cut flowers and increasing demand for cut flowers for decorative purposes are among the critical factor attributed to the Asia Pacific cut flowers market expansion.        

Cut Flowers are used for medicinal purposes due to their various health benefits. Flowers are known to have an immediate impact on mood. Their vibrant colors and pleasant fragrances can help reduce stress, anxiety, and depression, improving mental well-being. Studies have shown that flowers can lower cortisol levels (a stress hormone), leading to decreased stress and a more relaxed smile.

Different types of cut flowers have different properties, which help keep the environment fresh and boost mood. Some flowers, such as peace lilies and gerbera daisies, have air-purifying properties, helping to remove common indoor pollutants and improve indoor air quality. In addition, chrysanthemum has properties that help reduce blood pressure and cure dizziness and insomnia. Other flowers, such as pot marigolds, are used as a remedy for inflamed skin and prevent the spread of infection. In contrast, purple cornflower helps stimulate the immune system, improving the body's resistance against viral and bacterial infection. Moreover, lavender's aroma calms the nervous system, reduces muscle tension, and works as an antiseptic. Thus, various health benefits associated with cut flowers propel the market growth.

On the contrary, stringent regulations associated with cut flowers hampers the growth of Asia Pacific cut flowers market.  

Based on flower type, the Asia Pacific cut flowers market is segmented into rose, carnation, lilium, chrysanthemum and gerbera, and others. The rose segment held 41.5% share of Asia Pacific cut flowers market in 2022, amassing US$ 2,904.13 million. It is projected to garner US$ 4,178.36 million by 2030 to expand at 4.7% CAGR during 2022–2030. 

In terms of application, the Asia Pacific cut flowers market is bifurcated into home and commercial. The commercial segment held 81.2% share of Asia Pacific cut flowers market in 2022, amassing US$ 5,685.71 million. It is projected to garner US$ 8,174.75 million by 2030 to expand at 4.6% CAGR during 2022–2030.

By distribution channel, the Asia Pacific cut flowers market is categorized into supermarkets and hypermarkets, specialty stores/florist, online retail, and others. The specialty stores/florist segment held 38.2% share of Asia Pacific cut flowers market in 2022, amassing US$ 2,675.49 million. It is projected to garner US$ 3,737.76 million by 2030 to expand at 4.3% CAGR during 2022–2030.

Based on country, the Asia Pacific cut flowers market has been categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 29.4% share of Asia Pacific cut flowers market in 2022. It was assessed at US$ 2,056.11 million in 2022 and is likely to hit US$ 2,914.73 million by 2030, exhibiting a CAGR of 4.5% during 2022–2030.

Key players operating in the Asia Pacific cut flowers market are Selecta Cut Flowers SAU, Multiflora Corp, Rosebud Ltd, Karen Roses Ltd, Dummen Orange Holding BV, and Marginpar BV, among others.

• In January 2022, Selecta One and Moraglia Breeding jointly announced that the two companies entered a new formal strategic alliance. This strategic partner powerfully strengthens our logistics capability and expertise, including a strong strategy, supply chain, and team management.
• In May 2023, Marginpar and VBW, a trade association for florists, work together to inspire florists with their products and support their sales.

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