Market Overview
According to Fortune Business Insights Global Preserved Flowers Market size was valued at USD 180.03 million in 2023. The market is projected to grow from USD 187.52 million in 2024 to USD 272.17 million by 2032, exhibiting a CAGR of 4.77% during the forecast period.
Preserved flowers are fresh or natural flowers that undergo a unique preservation procedure to uphold the fresh appearance of flowers for numerous months or years. Non-corrosive, non-toxic, non-explosive, non-carcinogenic, and non-chemical reactive substances are highly preferred to preserve flowers. Moreover, the preservation method preserves the flower's exquisiteness, gentleness, and delicate appearance for an extended period. These flowers are offered in different sizes, varieties, and colors due to their increased preference for weddings, advanced interiors, fashion accessories, and novelty goods. Preserved flowers are gaining traction with their long-lasting beauty and eco-friendly and sustainable advantages. The growing consumer consciousness about eco-friendly products fuels market growth.
List of Key Players Profiled in the Report
- Innovaflora (Colombia)
- Ohchi Nursery Ltd. (Japan)
- Emihana (RoseAmor) (Ecuador)
- LYO FLORALS (India)
- Vermont Flowers (EPZ) Ltd. (Kenya)
- Beijing Sweetie-Gifts (China)
- Florever.Co., Ltd. (Japan)
- SecondFlor (France)
- Magic Flower Company (U.K.)
- C’lovercraft Workshop (China)
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Segments
Preserved Roses Hold Dominance Owing to Their Surging Preference for Several Events
By flower type, the market is classified into rose, orchid, lavender, carnation, and others. The rose segment accounts for the highest preserved flowers market share, driven by a surging preference for preserved roses for weddings, birthdays, gifts, home decoration, and fashion accessories to add charisma. The easy accessibility of preserved roses in different colors, including red, pink, blue, and orange, which offer a special fragrance and a superior appearance to homes and offices, propels segment expansion.
Growing Focus on Keeping a Pleasant Atmosphere in Living Space to Boost Home Décor Segment Expansion
On the basis of application, the market is categorized into gifts, home décor, wedding decoration, and others. The home décor segment is expected to command the market in the coming years, attributed to increased consumer consciousness regarding home hygiene products and a growing focus on creating a pleasant atmosphere in the home. The strong presence of superior home products created with eco-friendly ingredients and showcasing pleasing fragrances drives segment expansion.
With Wide Accessibility of Flowers, Retail Outlets/Offline Segment Commands Leadership
In terms of distribution channel, the market is segregated into retail outlets/offline and e-commerce/online. The retail outlets/offline segment registers the top position in the market, fueled by a rise in convenience stores and specialty stores across the globe. Offline stores offer an extensive range of flowers and tailored consumer experiences, bolstering segment growth.
From the regional ground, the market is classified into Europe, the Middle East & Africa, South America, North America, and Asia Pacific.
Report Coverage
The market research report presents a comprehensive market study, emphasizing important elements, such as the competitive environment and prominent product categories. Moreover, the report offers crucial insights on market trends and noteworthy industry developments. In addition to the factors above, the report contains numerous aspects that have nurtured market expansion in recent times.
Drivers and Restraints
Surging Consumer Awareness Of Home Decoration and Gifting to Augment Market Growth
Increased demand for preserved flowers is attributed to a rise in consciousness about natural and eco-friendly home décor products, including scented candles, and the growing accessibility of pleasant and visually attractive products online and offline. Rapid urbanization and a rise in disposable income, home sales, working population, and increasing consciousness about personal & home hygiene globally are also boosting product sales. An increase in consumer spending on gifting flowers during festival seasons, including Christmas and Halloween propels preserved flowers market growth.
On the other hand, the presence of substitutes and substantial production costs are impeding market growth.
Regional Insights
Rising Trend of Home and Commercial Space Decoration Propelled Market Growth in North America
North America takes center stage in the global market, spurred by rising demand for preserved flowers for home and commercial space decoration to improve aesthetic appeal. Moreover, growing product adoption for making floral preparations and decorating wall art in the U.S. and Canada also fosters market expansion.
The market in Europe is set to rise at a significant CAGR over the projected period, owing to increased usage of preserved flowers for gifting purposes at festivals, parties, and birthdays. A rise in preserved flower preparations for birthdays, weddings, anniversaries, and housewarmings in Germany, the U.K., and France propels market growth in the region.
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Competitive Landscape
Key Companies Make Strategic Partnerships with Academic and Research Institutes to Strengthen their Market Presence
Innovaflora, Ohchi Nursery Ltd, Emihana (RoseAmor's), LYO FLORALS, and Vermont Flowers (EPZ) Ltd. have reigned supreme in the global market. Notable players emphasize technological advancements and partnerships to achieve strong positions. They concentrate on promotion and marketing tactics to generate strong brand awareness.
Key Industry Development
- November 2024: SecondFlor, one of the key producers of preserved flowers, declared its business growth in the U.S. by introducing its platform for buying the product. The business growth is set to improve its customer base and boost product sales.
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