Cut Flowers Market Size Report | Growth & Analysis 2030
[Research Report] The cut flowers market size is projected to grow from US$ 36,835.42 million in 2022 to US$ 53,369.13 million by 2030; the market is expected to record a CAGR of 4.7% from 2022 to 2030.
Market Insights and Analyst View:
Cut flowers refers to flower or flower buds that are cut from the plant on which it is grown. It is usually taken out from plants for its use in decorative purposes. Most gardeners harvest their cut flowers in their gardens, but most countries have a floral industry dedicated to cut flowers. The plants from which the cut flowers are cut vary in climate, culture, and the level of wealth locally. Mostly, the plants for cut flowers are grown in separate fields or greenhouses. The cultivation of cut flowers is intensive as it requires large amounts of highly toxic pesticides and residues.
Growth Drivers and Challenges:
Cut flowers are used for decorative purposes. They are used in vase arrangements and bouquets at formal events and informal displays to beautify homes and public places, designs for weddings and funerals, corsages, wreaths, similar ornamental articles, and boutonnieres. The event and wedding planners use various flowers for decoration, bouquets, and centerpieces, creating creative event space. According to the Knot Real Wedding Study, the average investment cost in wedding flowers was US$ 2,400 in 2022. In addition, the surging demand for exotic and seasonal flowers for floral decoration to enhance space aesthetics by event and wedding planners has further contributed to the market growth.
Cut Flowers are used for medicinal purposes due to their various health benefits. Flowers are known to have an immediate impact on mood. Their vibrant colors and pleasant fragrances can help reduce stress, anxiety, and depression, improving mental well-being. Studies have shown that flowers can lower cortisol levels (a stress hormone), leading to decreased stress and a more relaxed smile. For instance, a study conducted by Harvard Medical School showed that when flowers are kept at home, people feel less worried, reducing anxiety and depression.
Cut flowers are subject to various legal and nonlegal requirements. International trade in cut flowers often involves significant documentation, including phytosanitary certification, customs declaration, and permits. Strict adherence to these requirements is necessary for cross-border trade. For instance, buyers' phytosanitary requirements, product labeling, and packaging requirements should be followed strictly in European Countries. The European Union has laid down phytosanitary requirements to stop the spread and introduction of organisms' harmful plant products in the region. Cut flowers exported to the EU must comply with the EU legislation on plant health. Most flowers imported into the European Union must be accompanied by an official "phytosanitary certificate," assuring that the phytosanitary conditions of plants and plant products and the shipment has been officially inspected. It should comply with statutory requirements for entry into the European Union and be free of quarantine pests and other harmful pathogens.
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Cut Flowers Market: Strategic Insights
Market Size Value in US$ 36,835.42 million in 2022 Market Size Value by US$ 53,369.13 million by 2030 Growth rate CAGR of 4.7% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cut Flowers Market: Strategic Insights
| Market Size Value in | US$ 36,835.42 million in 2022 |
| Market Size Value by | US$ 53,369.13 million by 2030 |
| Growth rate | CAGR of 4.7% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The global cut flowers market is segmented on the basis of flower type, application, distribution channel, and geography. Based on flower type, the cut flowers market is segmented into rose; carnation; lilium; chrysanthemum and gerbera; and others. Based on application, the market is bifurcated into home and commercial. Based on distribution channel, the cut flowers market is segmented into supermarkets and hypermarkets, specialty stores/florists, online retail, and others. Geographically, the market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Segmental Analysis:
Based on application, the cut flowers market is bifurcated into home and commercial. The commercial segment holds a significant share of the market. Cut flowers are mainly used as a part of décor at weddings, birthday events, funerals, commercial offices, hotels, industrial institutions, etc. In addition, hotels, restaurants, and resorts often use cut flowers to enhance their ambiance. The increasing demand for fresh flower arrangements for events and functions and the growing preference for unique and exotic flower varieties have propelled the growth of the cut flowers market in commercial applications. Trends such as oversized floral installations, hanging floral arrangements, and unique and bold-colored floral combinations further benefit the market for commercial applications.
Regional Analysis:
The cut flowers market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. The global cut flowers market was dominated by Europe; the market in this region was valued at US$ 253.01 million in 2022. North America is the second major contributor to the market, which holds ~31% of the global market. In North America, many domestic and international players such as Washington Bulb Co., Inc.; Oserian; and Dümmen Orange operate in the cut flowers market. These companies are constantly working toward improving the characteristics and qualities of cut flowers to attract new consumers and widen their consumer base. The major demand for cut flowers is generated on days such as Valentine's Day, Mother's Day, Christmas, and Easter, as people use flowers as gifts to express their emotions and celebrate these special occasions. The wedding and event industry also drives the demand for cut flowers. Couples and event planners use cut flowers in decorations, bouquets, and centerpieces. According to the Knot Real Wedding Study, the average amount invested in wedding flowers was US$ 2,400 in 2022.
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the cut flowers market are listed below:
- In 2022, Selecta One and Moraglia Breeding jointly announced that the two companies entered into a new formal strategic alliance. This strategic partner powerfully strengthens the logistics capability and expertise, including a strong strategy, supply chain, and team management.
Cut Flowers Market Report Scope
COVID-19 Pandemic Impact:
The COVID-19 pandemic affected economies and industries in various countries. Lockdowns, travel bans, and business shutdowns in leading countries in North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa negatively affected the growth of various industries, including the consumer goods industries. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and sales of various essential and nonessential products. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. In addition, the bans imposed by various governments in Europe, Asia Pacific, and North America on international travel forced the companies to put their collaboration and partnership plans on hold. All these factors hampered the consumer goods industry in 2020 and early 2021, restraining the cut flower market growth.
Competitive Landscape and Key Companies:
The Queen's Flowers Corp, Selecta Cut Flowers SAU, Sher Holland BV, Multiflora Corp, Rosebud Ltd, Karen Roses Ltd, Washington Bulb Co Inc, Dummen Orange Holding BV, Esmeralda Farms LLC, and Marginpar BV are among the prominent players operating in the global cut flowers market. These market players are adopting strategic development initiatives to expand, further driving the market growth.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Flower Type, Application, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Cut Flowers are used for medicinal purposes due to their various health benefits. Flowers are known to have an immediate impact on mood. Their vibrant colors and pleasant fragrances can help reduce stress, anxiety, and depression, improving mental well-being. Studies have shown that flowers can lower cortisol levels (a stress hormone), leading to decreased stress and a more relaxed smile. For instance, a study conducted by Harvard Medical School showed that when flowers are kept at home, people feel less worried, reducing anxiety and depression.
Europe accounted for the largest share of the global cut flower market. Market growth in Europe is ascribed to the presence of well-established players such as Afriflora Sher, Oserian, and Dümmen Orange in this region. Small and medium enterprises in the cut flowers market in Europe benefit from a well-developed virtualized freight and logistics network as well as a well-coordinated supply chain, comprising growers, traders, logistics service providers, and gift shop outlets. Virtual networks ensure cost-effective and speedy deliveries of floriculture products, including cut flowers, which favors the cut flowers market in this region.
Based on the distribution channel, online retail segment is projected to grow at the fastest CAGR over the forecast period. Online retail stores offer a wide variety of cut flowers with heavy discounts; consumers can conveniently buy desirable products remotely. Additionally, home delivery service attracts a large group of customers to shop through e-commerce platforms.
The major players operating in the global cut flower market are The Queen's Flowers Corp, Selecta Cut Flowers SAU, Sher Holland BV, Multiflora Corp, Rosebud Ltd, Karen Roses Ltd, Washington Bulb Co Inc, Dummen Orange Holding BV, Esmeralda Farms LLC, and Marginpar BV.
E-commerce purchases are on the rise, which can be an opportunity for the flower industry. The number of retailers (florists, supermarkets, and online specialists) selling flowers online is increasing. The assortment of flowers that can be purchased online is also growing. The Internet is the fastest-growing market outlet in many European countries, although current market shares are typically below 10%. The online sales trend increases the importance of product uniformity, supply chain efficiency, and information exchange standards. Online sales of cut flowers (both bouquets, mono-bunches, and individual flowers) are expected to increase further.
Based on application, commercial segment mainly has the largest revenue share. Cut flowers are mainly used as a part of décor at weddings, birthday events, funerals, commercial offices, hotels, industrial institutions, etc. In addition, hotels, restaurants, and resorts often use cut flowers to enhance their ambiance. The increasing demand for fresh flower arrangements for events and functions and the growing preference for unique and exotic flower varieties have propelled the growth of the cut flowers market in commercial applications. Trends such as oversized floral installations, hanging floral arrangements, and unique and bold-colored floral combinations further benefit the market for commercial applications
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Cut Flowers Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 Distribution Channels
4.3.5 End Consumers
4.4 List of Vendors
5. Cut Flowers Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Cut Flowers for Decorative Purposes
5.1.2 Various Health Benefits Associated with Cut Flowers
5.2 Market Restraints
5.2.1 Stringent Regulations Associated with Cut Flowers
5.3 Market Opportunities
5.3.1 Surging E-commerce Platform for Flower Delivery
5.4 Future Trends
5.4.1 Marketing a Farm Story to Attract Customers
5.5 Impact of Drivers and Restraints:
6. Cut Flowers Market - Global Market Analysis
6.1 Cut Flowers Market Revenue (US$ Million), 2020 – 2030
6.2 Cut Flowers Market Forecast and Analysis
7. Cut Flowers Market Analysis – Flower Type
7.1 Rose
7.1.1 Overview
7.1.2 Rose Market Revenue and Forecast to 2030 (US$ Million)
7.2 Carnation
7.2.1 Overview
7.2.2 Carnation Market Revenue and Forecast to 2030 (US$ Million)
7.3 Lilium
7.3.1 Overview
7.3.2 Lilium Market Revenue and Forecast to 2030 (US$ Million)
7.4 Chrysanthemum and Gerbera
7.4.1 Overview
7.4.2 Chrysanthemum and Gerbera Market Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. Global Cut Flowers Market Analysis – Application
8.1 Home
8.1.1 Overview
8.1.2 Home Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Commercial
8.2.1 Overview
8.2.2 Commercial Market Revenue, and Forecast to 2030 (US$ Million)
9. Global Cut Flowers Market Analysis – Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Overview
9.1.2 Supermarkets and Hypermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Specialty Stores/Florist
9.2.1 Overview
9.2.2 Specialty Stores/Florist Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Online Retail
9.3.1 Overview
9.3.2 Online Retail Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. Cut Flowers Market - Geographical Analysis
10.1 North America
10.1.1 North America Cut Flowers Market Overview
10.1.2 North America Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.1.3 North America Cut Flowers Market Breakdown by Flower Type
10.1.3.1 North America Cut Flowers Market Revenue and Forecasts and Analysis - By Flower Type
10.1.4 North America Cut Flowers Market Breakdown by Application
10.1.4.1 North America Cut Flowers Market Revenue and Forecasts and Analysis - By Application
10.1.5 North America Cut Flowers Market Breakdown by Distribution Channel
10.1.5.1 North America Cut Flowers Market Revenue and Forecasts and Analysis - By Distribution Channel
10.1.6 North America Cut Flowers Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 North America Cut Flowers Market Breakdown by Country
10.1.6.2 US Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.2.1 US Cut Flowers Market Breakdown by Flower Type
10.1.6.2.2 US Cut Flowers Market Breakdown by Application
10.1.6.2.3 US Cut Flowers Market Breakdown by Distribution Channel
10.1.6.3 Canada Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.3.1 Canada Cut Flowers Market Breakdown by Flower Type
10.1.6.3.2 Canada Cut Flowers Market Breakdown by Application
10.1.6.3.3 Canada Cut Flowers Market Breakdown by Distribution Channel
10.1.6.4 Mexico Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.4.1 Mexico Cut Flowers Market Breakdown by Flower Type
10.1.6.4.2 Mexico Cut Flowers Market Breakdown by Application
10.1.6.4.3 Mexico Cut Flowers Market Breakdown by Distribution Channel
10.2 Europe
10.2.1 Europe Cut Flowers Market Overview
10.2.2 Europe Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.2.3 Europe Cut Flowers Market Breakdown by Flower Type
10.2.3.1 Europe Cut Flowers Market Revenue and Forecasts and Analysis - By Flower Type
10.2.4 Europe Cut Flowers Market Breakdown by Application
10.2.4.1 Europe Cut Flowers Market Revenue and Forecasts and Analysis - By Application
10.2.5 Europe Cut Flowers Market Breakdown by Distribution Channel
10.2.5.1 Europe Cut Flowers Market Revenue and Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Cut Flowers Market Revenue and Forecasts and Analysis - By Countries
10.2.6.1 Europe Cut Flowers Market Breakdown by Country
10.2.6.2 Germany Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.2.1 Germany Cut Flowers Market Breakdown by Flower Type
10.2.6.2.2 Germany Cut Flowers Market Breakdown by Application
10.2.6.2.3 Germany Cut Flowers Market Breakdown by Distribution Channel
10.2.6.3 France Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.3.1 France Cut Flowers Market Breakdown by Flower Type
10.2.6.3.2 France Cut Flowers Market Breakdown by Application
10.2.6.3.3 France Cut Flowers Market Breakdown by Distribution Channel
10.2.6.4 Italy Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.4.1 Italy Cut Flowers Market Breakdown by Flower Type
10.2.6.4.2 Italy Cut Flowers Market Breakdown by Application
10.2.6.4.3 Italy Cut Flowers Market Breakdown by Distribution Channel
10.2.6.5 UK Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.5.1 UK Cut Flowers Market Breakdown by Flower Type
10.2.6.5.2 UK Cut Flowers Market Breakdown by Application
10.2.6.5.3 UK Cut Flowers Market Breakdown by Distribution Channel
10.2.6.6 Russia Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.6.1 Russia Cut Flowers Market Breakdown by Flower Type
10.2.6.6.2 Russia Cut Flowers Market Breakdown by Application
10.2.6.6.3 Russia Cut Flowers Market Breakdown by Distribution Channel
10.2.6.7 Rest of Europe Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.7.1 Rest of Europe Cut Flowers Market Breakdown by Flower Type
10.2.6.7.2 Rest of Europe Cut Flowers Market Breakdown by Application
10.2.6.7.3 Rest of Europe Cut Flowers Market Breakdown by Distribution Channel
10.3 Asia Pacific
10.3.1 Asia Pacific Cut Flowers Market Overview
10.3.2 Asia Pacific Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.3.3 Asia Pacific Cut Flowers Market Breakdown by Flower Type
10.3.3.1 Asia Pacific Cut Flowers Market Revenue and Forecasts and Analysis - By Flower Type
10.3.4 Asia Pacific Cut Flowers Market Breakdown by Application
10.3.4.1 Asia Pacific Cut Flowers Market Revenue and Forecasts and Analysis - By Application
10.3.5 Asia Pacific Cut Flowers Market Breakdown by Distribution Channel
10.3.5.1 Asia Pacific Cut Flowers Market Revenue and Forecasts and Analysis - By Distribution Channel
10.3.6 Asia Pacific Cut Flowers Market Revenue and Forecasts and Analysis - By Countries
10.3.6.1 Asia Pacific Cut Flowers Market Breakdown by Country
10.3.6.2 Australia Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.2.1 Australia Cut Flowers Market Breakdown by Flower Type
10.3.6.2.2 Australia Cut Flowers Market Breakdown by Application
10.3.6.2.3 Australia Cut Flowers Market Breakdown by Distribution Channel
10.3.6.3 China Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.3.1 China Cut Flowers Market Breakdown by Flower Type
10.3.6.3.2 China Cut Flowers Market Breakdown by Application
10.3.6.3.3 China Cut Flowers Market Breakdown by Distribution Channel
10.3.6.4 India Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.4.1 India Cut Flowers Market Breakdown by Flower Type
10.3.6.4.2 India Cut Flowers Market Breakdown by Application
10.3.6.4.3 India Cut Flowers Market Breakdown by Distribution Channel
10.3.6.5 Japan Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.5.1 Japan Cut Flowers Market Breakdown by Flower Type
10.3.6.5.2 Japan Cut Flowers Market Breakdown by Application
10.3.6.5.3 Japan Cut Flowers Market Breakdown by Distribution Channel
10.3.6.6 South Korea Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.6.1 South Korea Cut Flowers Market Breakdown by Flower Type
10.3.6.6.2 South Korea Cut Flowers Market Breakdown by Application
10.3.6.6.3 South Korea Cut Flowers Market Breakdown by Distribution Channel
10.3.6.7 Rest of Asia Pacific Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.3.6.7.1 Rest of Asia Pacific Cut Flowers Market Breakdown by Flower Type
10.3.6.7.2 Rest of Asia Pacific Cut Flowers Market Breakdown by Application
10.3.6.7.3 Rest of Asia Pacific Cut Flowers Market Breakdown by Distribution Channel
10.4 Middle East and Africa
10.4.1 Middle East and Africa Cut Flowers Market Overview
10.4.2 Middle East and Africa Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.4.3 Middle East and Africa Cut Flowers Market Breakdown by Flower Type
10.4.3.1 Middle East and Africa Cut Flowers Market Revenue and Forecasts and Analysis - By Flower Type
10.4.4 Middle East and Africa Cut Flowers Market Breakdown by Application
10.4.4.1 Middle East and Africa Cut Flowers Market Revenue and Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Cut Flowers Market Breakdown by Distribution Channel
10.4.5.1 Middle East and Africa Cut Flowers Market Revenue and Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Cut Flowers Market Revenue and Forecasts and Analysis - By Countries
10.4.6.1 Middle East and Africa Cut Flowers Market Breakdown by Country
10.4.6.2 South Africa Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.2.1 South Africa Cut Flowers Market Breakdown by Flower Type
10.4.6.2.2 South Africa Cut Flowers Market Breakdown by Application
10.4.6.2.3 South Africa Cut Flowers Market Breakdown by Distribution Channel
10.4.6.3 Saudi Arabia Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.3.1 Saudi Arabia Cut Flowers Market Breakdown by Flower Type
10.4.6.3.2 Saudi Arabia Cut Flowers Market Breakdown by Application
10.4.6.3.3 Saudi Arabia Cut Flowers Market Breakdown by Distribution Channel
10.4.6.4 UAE Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.4.1 UAE Cut Flowers Market Breakdown by Flower Type
10.4.6.4.2 UAE Cut Flowers Market Breakdown by Application
10.4.6.4.3 UAE Cut Flowers Market Breakdown by Distribution Channel
10.4.6.5 Rest of Middle East and Africa Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.5.1 Rest of Middle East and Africa Cut Flowers Market Breakdown by Flower Type
10.4.6.5.2 Rest of Middle East and Africa Cut Flowers Market Breakdown by Application
10.4.6.5.3 Rest of Middle East and Africa Cut Flowers Market Breakdown by Distribution Channel
10.5 South and Central America
10.5.1 South and Central America Cut Flowers Market Overview
10.5.2 South and Central America Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.5.3 South and Central America Cut Flowers Market Breakdown by Flower Type
10.5.3.1 South and Central America Cut Flowers Market Revenue and Forecasts and Analysis - By Flower Type
10.5.4 South and Central America Cut Flowers Market Breakdown by Application
10.5.4.1 South and Central America Cut Flowers Market Revenue and Forecasts and Analysis - By Application
10.5.5 South and Central America Cut Flowers Market Breakdown by Distribution Channel
10.5.5.1 South and Central America Cut Flowers Market Revenue and Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Cut Flowers Market Revenue and Forecasts and Analysis - By Countries
10.5.6.1 South and Central America Cut Flowers Market Breakdown by Country
10.5.6.2 Brazil Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.2.1 Brazil Cut Flowers Market Breakdown by Flower Type
10.5.6.2.2 Brazil Cut Flowers Market Breakdown by Application
10.5.6.2.3 Brazil Cut Flowers Market Breakdown by Distribution Channel
10.5.6.3 Argentina Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.3.1 Argentina Cut Flowers Market Breakdown by Flower Type
10.5.6.3.2 Argentina Cut Flowers Market Breakdown by Application
10.5.6.3.3 Argentina Cut Flowers Market Breakdown by Distribution Channel
10.5.6.4 Rest of South and Central America Cut Flowers Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.4.1 Rest of South and Central America Cut Flowers Market Breakdown by Flower Type
10.5.6.4.2 Rest of South and Central America Cut Flowers Market Breakdown by Application
10.5.6.4.3 Rest of South and Central America Cut Flowers Market Breakdown by Distribution Channel
11. Cut Flowers Market – Impact of COVID-19 Pandemic
11.1 Pre & Post COVID-19 Impact
12. Industry Landscape
12.1 Overview
12.2 Expansion
12.3 New Product Development
12.4 Other Business Strategies
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning & Concentration
14. Company Profiles
14.1 The Queen's Flowers Corp
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Selecta Cut Flowers SAU
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Sher Holland BV
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Multiflora Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Rosebud Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Karen Roses Ltd
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Washington Bulb Co Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Dummen Orange Holding BV
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Esmeralda Farms LLC
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Marginpar BV
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
List of Tables
Table 1. Cut Flowers Market Segmentation
Table 2. List of Raw Material Suppliers in Value Chain
Table 3. List of Manufacturers in Value Chain
Table 4. List of Retailers
Table 5. Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Table 6. Global Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – Flower Type
Table 7. Global Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 8. Global Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 9. North America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 10. North America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 11. North America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 12. US Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 13. US Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 14. US Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 15. Canada Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 16. Canada Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 17. Canada Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 18. Mexico Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 19. Mexico Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 20. Mexico Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 21. Europe Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 22. Europe Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 23. Europe Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 24. Germany Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 25. Germany Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 26. Germany Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 27. France Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 28. France Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 29. France Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 30. Italy Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 31. Italy Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 32. Italy Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 33. UK Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 34. UK Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 35. UK Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 36. Russia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 37. Russia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 38. Russia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 39. Rest of Europe Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 40. Rest of Europe Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 41. Rest of Europe Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 42. Asia Pacific Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 43. Asia Pacific Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 44. Asia Pacific Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 45. Australia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 46. Australia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 47. Australia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 48. China Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 49. China Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 50. China Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 51. India Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 52. India Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 53. India Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 54. Japan Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 55. Japan Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 56. Japan Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 57. South Korea Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 58. South Korea Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 59. South Korea Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 60. Rest of Asia Pacific Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 61. Rest of Asia Pacific Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 62. Rest of Asia Pacific Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 63. Middle East and Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 64. Middle East and Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 65. Middle East and Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 66. South Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 67. South Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 68. South Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 69. Saudi Arabia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 70. Saudi Arabia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 71. Saudi Arabia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 72. UAE Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 73. UAE Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 74. UAE Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 75. Rest of Middle East and Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 76. Rest of Middle East and Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 77. Rest of Middle East and Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 78. South and Central America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 79. South and Central America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 80. South and Central America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 81. Brazil Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 82. Brazil Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 83. Brazil Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 84. Argentina Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 85. Argentina Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 86. Argentina Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 87. Rest of South and Central America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Flower Type
Table 88. Rest of South and Central America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 89. Rest of South and Central America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 90. Heat Map Analysis by Key Players
List of Figures
Figure 1. Cut Flowers Market Segmentation, By Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Cut Flowers Market
Figure 4. Cut Flowers Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Global Cut Flowers Market Revenue (US$ Million), 2020 – 2030
Figure 7. Global Cut Flowers Market Share (%) – Flower Type, 2022 and 2030
Figure 8. Rose Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Carnation Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Lilium Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Chrysanthemum and Gerbera Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Global Cut Flowers Market Share (%) –Application, 2022 and 2030
Figure 14. Home Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Commercial Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Unisex Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Global Cut Flowers Market Share (%) –Distribution Channel, 2022 and 2030
Figure 18. Supermarkets and Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Specialty Stores/Florist Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Online Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Cut Flowers Market Breakdown by Geography, 2022 and 2030 (US$ Million)
Figure 23. North America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. North America Cut Flowers Market Breakdown by Flower Type (2022 and 2030)
Figure 25. North America Cut Flowers Market Breakdown by Application (2022 and 2030)
Figure 26. North America Cut Flowers Market Breakdown by Distribution Channel (2022 and 2030)
Figure 27. North America Cut Flowers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 28. US Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Canada Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Mexico Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. Europe Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Europe Cut Flowers Market Breakdown by Flower Type (2022 and 2030)
Figure 33. Europe Cut Flowers Market Breakdown by Application (2022 and 2030)
Figure 31. Europe Cut Flowers Market Breakdown by Distribution Channel (2022 and 2030)
Figure 32. Europe Cut Flowers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 33. Germany Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 34. France Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 35. Italy Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 36. UK Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 37. Russia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 38. Rest of Europe Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 39. Asia Pacific Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 40. Asia Pacific Cut Flowers Market Breakdown by Flower Type (2022 and 2030)
Figure 41. Asia Pacific Cut Flowers Market Breakdown by Application (2022 and 2030)
Figure 42. Asia Pacific Cut Flowers Market Breakdown by Distribution Channel (2022 and 2030)
Figure 43. Asia Pacific Cut Flowers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 44. Australia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 45. China Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 46. India Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 47. Japan Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 48. South Korea Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 49. Rest of Asia Pacific Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 50. Middle East and Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 51. Middle East and Africa Cut Flowers Market Breakdown by Flower Type (2022 and 2030)
Figure 52. Middle East and Africa Cut Flowers Market Breakdown by Application (2022 and 2030)
Figure 53. Middle East and Africa Cut Flowers Market Breakdown by Distribution Channel (2022 and 2030)
Figure 54. Middle East and Africa Cut Flowers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 55. South Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 56. Saudi Arabia Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 57. UAE Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 58. Rest of Middle East and Africa Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 59. South and Central America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 60. South and Central America Cut Flowers Market Breakdown by Flower Type (2022 and 2030)
Figure 61. South and Central America Cut Flowers Market Breakdown by Application (2022 and 2030)
Figure 62. South and Central America Cut Flowers Market Breakdown by Distribution Channel (2022 and 2030)
Figure 63. South and Central America Cut Flowers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 64. Brazil Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 65. Argentina Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 66. Rest of South and Central America Cut Flowers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 67. Pre & Post COVID-19 Impact: Cut Flowers Market
Figure 68. Company Positioning & Concentration
The List of Companies - Cut Flowers Market
- The Queen's Flowers Corp
- Selecta Cut Flowers SAU
- Sher Holland BV
- Multiflora Corp
- Rosebud Ltd
- Karen Roses Ltd
- Washington Bulb Co Inc
- Dummen Orange Holding BV
- Esmeralda Farms LLC
- Marginpar BV
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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