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Succulent Plant Market Trends and Forecast
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.
Succulent Plant Market by Type, and Application
Emerging Trends in the Succulent Plant Market
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.
 
A more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global succulent plant market report, please download the report brochure.
Succulent Plant Market by Segments

Succulent Plant Market by Segment
In this market, cactaceae is the largest market by type, whereas commercial is largest segment by application. 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 ($B) shipment analysis for 2016-2027]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Succulent Plant Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies succulent plant companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the succulent plant companies profiled in this report include. 
Succulent Plant Market Insights
  • Lucintel forecasts that cactaceae will remain the largest segment over the forecast period due to the unique quality of water storage in their organs and they have the ability to store water in various organs, like leaves and stems, making plants’ organs heavier than usual. 
  • Within this market, commercial is expected to remain the largest segment due to the use of succulent plants in hotels, restaurants for decorative purposes.
  • APAC will remain the fastest region due to the growth in horticulture and floriculture, and increased awareness about organic products among people which are driving consumers' preference for using natural plants instead of artificial or plastic ones.
Features of the Succulent Plant Market
  • Market Size Estimates: Succulent Plant market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Succulent Plant market size by various segments, such as by type, application and region in terms of value ($B)
  • Regional Analysis: Succulent Plant market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by type, application and regions for the succulent plant market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the Succulent Plant market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the succulent plant market size?
Answer: The global succulent plant market is expected to reach an estimated $XX billion by 2027.
Q2. What is the growth forecast for succulent plant market?
Answer: The global succulent plant market is expected to grow with a CAGR of 17% to 19% from 2022 to 2027.
Q3. What are the major drivers influencing the growth of the succulent plant market?
Answer: The major drivers for this market are rising nurseries, increasing demand for indoor plants to enlarge demand, and increase in per capita income.
Q4. What are the major segments for succulent plant market?
Answer: The future of the succulent plant market looks promising with opportunities in commercial and household market.
Q5. What are the emerging trends in succulent plant market?
Answer: 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.
Q6. Who are the key succulent plant companies?
Answer: Some of the key Succulent Plant companies are as follows:
Q7. Which succulent plant segment will be the largest in future?
Answer: 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. 
Q8. In succulent plant market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers 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?

For any questions related to succulent plant market or related to succulent plant market share, succulent plant analysis, succulent plant market size, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Global Succulent Plant Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Global Succulent Plant Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Global Succulent Plant Market by Type 
3.3.1: Aizoaceae
3.3.2: Cactaceae
3.3.3: Crassulaceae
3.3.4: Euphorbiaceae
3.3:5 Apocynaceae
3.3.6: Others 
3.4: Global Succulent Plant Market by Application 
3.4.1: Commercial 
3.4.2: Household 
 
4. Market Trends and Forecast Analysis by Region from 2016-2027
4.1: Global Succulent Plant Market by Region
4.2: North American Succulent Plant Market 
4.2.1: North American Succulent Plant Market by Type 
4.2.2: North American Succulent Plant Market by Application 
4.3: European Succulent Plant Market 
4.3.1: European Succulent Plant Market by Type 
4.3.2: European Succulent Plant Market by Application 
4.4: APAC Succulent Plant Market  
4.4.1: APAC Succulent Plant Market by Type 
4.4.2: APAC Succulent Plant Market by Application 
4.5: ROW Succulent Plant Market  
4.5.1: ROW Succulent Plant Market by Type 
4.5.2: ROW Succulent Plant Market by Application 
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.3: Operational Integration
5.4: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Succulent Plant Market by Type 
6.1.2: Growth Opportunities for the Global Succulent Plant Market by Application 
6.1.3: Growth Opportunities for the Global Succulent Plant Market by Region
6.2: Emerging Trends in the Global Succulent Plant Market  
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Succulent Plant Market  
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Succulent Plant Market  
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Altman Plants
7.2: COSTA FARMS
7.3: Zhejiang Wanxiang Flowers
7.4: From You Flowers
7.5: Dummen Orange
7.6: AdeniumRose Company
7.7: Hangzhou Owner Party Co., Ltd.
7.8: Qingdao Flowery Crafts Co. Ltd.
7.9: Dongguan Hengxiang Artificial Plants Co. Ltd.
7.10: Qingdao Brilliant East International Trade Co. Ltd.
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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