Floriculture Market size was over USD 56.98 billion in 2024 and is anticipated to cross USD 90.24 billion by the end of 2037, witnessing more than 3.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of floriculture is assessed at USD 58.62 billion.
The reason behind this growth is impelled by the growing popularity of edible flowers such as citrus blossoms, roses, hibiscus, lavender, and nasturtium, as the major part of populations are shifting towards being health conscious. According to a report by the National Library of Medicine, edible flowers highly contribute to increasing the appearance of food, while providing biologically active substances such as vitamins A, and C, niacin, riboflavin, and minerals such as phosphorous, calcium, iron, and potassium that are greatly beneficial to consumers' health.
Furthermore, the growth in the development of several e-commerce websites has made it easier for consumers to trade flowers internationally, and with such ease, consumers can now acquire flowers online. The sales in online stores were expected to cross 22% of global retail sales by 2023, compared to 14.1% in 2019. It is also estimated that by 2024, digital wallets will account for over half of total e-commerce payment volumes.
Author Credits: Nilanjana Ray
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