Dublin, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The "Online Flower Shops in the US - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
Consequently, over the five years to 2023, industry revenue for the Online Flower Shops industry is expected to increase an annualized 14.5% to $16.3 billion, including an increase of 4.7% in 2023 alone. Following suit, industry profit has expanded.
The Online Flower Shops sector specializes in the online retail of flowers, relying on local florists to execute customer orders. Over the last half-decade, this industry has demonstrated consistent revenue growth, driven by the expanding e-commerce landscape, which has enabled it to capture substantial market share previously held by traditional brick-and-mortar florists, as more consumers opt for online shopping.
Furthermore, a robust economy has played a significant role in this growth, with rising per capita disposable income and increased consumer spending bolstering the demand for flowers. Despite initial concerns that the COVID-19 pandemic would negatively impact the sector, it experienced a surge in flower demand, contributing to revenue expansion.
Online flower shops in this industry conduct their business through websites, receiving orders and payments online and subsequently enlisting the services of local florists or growers to fulfill and deliver these orders. The primary revenue sources for this sector encompass sales of fresh-cut flowers, floral arrangements, potted plants, internet florist network membership fees, and online gift basket sales. Revenues generated from in-person orders are not encompassed within this industry analysis.
This report encompasses an analysis of the industry's size, scope, disposition, and growth, alongside an exploration of its critical sensitivities and determinants of success. Additionally, it provides a five-year industry outlook, growth projections, and an assessment of the prominent players within the sector, including their respective market shares.
Key Topics Covered:
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
JARGON & GLOSSARY
A selection of companies mentioned in this report includes
- 1 800 Flowers Com Inc.
- Ftd Companies, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/r1c4x6
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
