According to a new market report by Lucintel, the future of the succulent plant market looks promising with opportunities in commercial and household markets. The global succulent plant market is expected to grow with a CAGR of 17% to 19% from 2022 to 2027. The major drivers for this market are rising nurseries, increasing demand for indoor plants, and increase in per capita income.
Browse through 150 pages and in-depth TOC on “Global Succulent Plant Market"
In this market, aizoaceae, cactaceae, crassulaceae, euphorbiaceae, apocynaceae and others are the major succulent plants. Lucintel forecasts that cactaceae will remain the largest segment over the forecast period due to the unique quality of water storage in their organs and they have the ability to store water in various organs, like leaves and stems, making plants’ organs heavier than usual.
Within this market, commercial is expected to remain the largest segment due to the use of succulent plants in hotels, restaurants for decorative purposes.
APAC will remain the fastest region due to the growth in horticulture and floriculture, and increased awareness about organic products among people, which are driving consumers' preference for using natural plants instead of artificial or plastic ones.
Emerging trends, which have a direct impact on the dynamics of the industry, include rising use of ornamental plants for interior design and increase in the spending of the people. Altman Plants, COSTA FARMS, Zhejiang Wanxiang Flowers, From You Flowers, Dummen Orange, AdeniumRose Company, Hangzhou Owner Party Co., Ltd., Qingdao Flowery Crafts Co. Ltd., Dongguan Hengxiang Artificial Plants Co. Ltd., and Qingdao Brilliant East International Trade Co. Lt are the major suppliers in the global succulent plant market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global succulent plant market by type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Succulent Plant Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global succulent plant market by type, application, and region as follows:
Succulent Plant Market by Type [Value ($B) shipment analysis for 2016-2027]:
•Aizoaceae
•Cactaceae
•Crassulaceae
•Euphorbiaceae
•Apocynaceae
•Others
Succulent Plant Market by Application [Value ($B) shipment analysis for 2016-2027]:
•Commercial
•Household
Succulent Plant Market by Region [Value ($B) shipment analysis for 2016-2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/succulent-plant-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the succulent plant market by type (aizoaceae, cactaceae, crassulaceae, euphorbiaceae, apocynaceae and others), application (commercial and household) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?