Dublin, June 07, 2024 (GLOBE NEWSWIRE) -- The "Indian Floriculture Market Report by Flower Type, Retail Vs Institutional, Distribution Channel, Application, and State 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The Indian Floriculture market is witnessing a thriving upsurge, with projections indicating a substantial leap from INR 262.1 Billion in 2023 to INR 714.6 Billion by 2032. This remarkable growth trajectory is predominantly attributed to technological advancements, supportive government policies, and the burgeoning presence of organized retail and e-commerce platforms across the nation.
Driving Factors
Consumer preferences are dynamically evolving, as is evident in the increasing inclination towards exotic flowers such as orchids, lilies, and roses. Likewise, advancements in agricultural practices have significantly enhanced the productivity and efficiency of the floriculture industry within India.
Such factors, alongside growing incomes and urbanization, are pivotal components contributing to the market's expansion, catering to various segments including retail, events, and interior décor.
Segmentation Analysis
A comprehensive analysis of the market reveals that loose flowers are the predominant choice, while retail stands as the largest channel through which floriculture products are disbursed. Interestingly, the unorganized retail channel maintains a majority share in distribution channels, despite the growing influence of online marketplaces and organized retail avenues.
Aesthetic and decorative applications emerge as a dominant segment where floriculture products are extensively utilized.
Regional Insights
Among the states, Andhra Pradesh takes a front-runner position in the market share, courtesy of its favorable climate for diverse floral cultivation and proactive state government initiatives that assist in horticulture and floriculture advancements.
This is supported by robust transportation networks and industry expertise, streamlining production and distribution not only within domestic borders but also in the international arena.
Competitive Dynamics
The sector is characterized by the presence of key players expanding their offerings to accommodate and appeal to a wide array of customer preferences. Sustainable practices, innovative cultivation techniques, and a focus on environmentally friendly operations stand tall as strategic decisions undertaken by industry leaders. Such efforts are poised to underline the future trajectory of the Indian floriculture market.
Market Outlook
The floriculture market in India is expected to grow robustly over the next decade. With its rich cultural affinity for flowers and burgeoning consumer base, India is poised to be a significant player in the global floriculture landscape.
As the nation hones in on sustainability and quality, the market is set to bloom exuberantly, presenting a world of opportunities for both local and international stakeholders.
Key Questions Answered in This Report
- What was the size of the Indian floriculture market in 2023?
- What is the expected growth rate of the Indian floriculture market during 2024-2032?
- What are the key factors driving the Indian floriculture market?
- What has been the impact of COVID-19 on the Indian floriculture market?
- What is the breakup of the Indian floriculture market based on the flower type?
- What is the breakup of the Indian floriculture market based on retail vs institutional?
- What is the breakup of the Indian floriculture market based on the distribution channel?
- What is the breakup of the Indian floriculture market based on the application?
- What are the key regions in the Indian floriculture market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 121 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (INR) in 2023 | INR262.1 Billion |
| Forecasted Market Value (INR) by 2032 | INR714.6 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | India |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Floriculture Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Flower Type
5.5 Market Breakup by Retail Vs Institutional
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Application
5.8 Market Breakup by State
5.9 Market Forecast
5.10 SWOT Analysis
5.11 Value Chain Analysis
5.11.1 Overview
5.11.2 Nursery and Input Supplies
5.11.3 Flower Grower
5.11.4 Auction and Wholesaler
5.11.5 Exporter
5.11.6 Retailer
5.11.7 End Consumer
5.12 Porters Five Forces Analysis
5.13 Price Analysis
6 Market Breakup by Flower Type
6.1 Cut Flowers
6.2 Loose Flowers
7 Market Breakup by Retail Vs Institutional
7.1 Retail
7.2 Institutional
8 Market Breakup by Distribution Channel
8.1 Unorganised Retail
8.2 Florists
8.3 Supermarkets and Hypermarkets
8.4 Online
8.5 Others
9 Market Breakup by Application
9.1 Aesthetic and Decorative Applications
9.2 Flavours and Fragrances
9.3 Natural Colours
9.4 Medicines
9.5 Others
10 Market Breakup by State
10.1 Production Breakup by State
10.2 Consumption Breakup by State
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/vdxa98
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