Product Code: ETC381744 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India exotic flowers market was worth US$2.9 billion which is expected to grow at an annual rate of 5% during the forecast period owing to a rise in popularity among millennials who are opting for unique flower varieties for special occasions like birthdays or anniversaries etc., increase in disposable income enabling purchase of premium quality exotic flowers along with growing trend towards gifting floral bouquets instead of traditional gift options. Moreover, rising inclination towards indoor gardening activities especially amongst urban population have contributed significantly towards proliferation this industry over past few years. Currently , roses comprise majority portion followed by lilies , chrysanthemums & tulips while Artificial Flowers & Decorative Plants account for remaining part.
The exotic flowers market in India is driven by a surge in the gifting culture, growing demand for floral decorations in events and weddings, and the rise of the horticulture industry. Consumers` willingness to explore unique and visually appealing flower varieties also fuels the demand for exotic flowers.
The exotic flowers market in India faces specific challenges due to the unique nature of the products and the country`s diverse climate. One of the main challenges is the limited availability of certain exotic flowers in different regions of India. Many exotic flowers have specific climatic requirements, and cultivating them in non-native environments can be challenging and costly.Moreover, educating consumers about exotic flowers and their significance in various occasions is essential to stimulate demand. Promoting the use of exotic flowers in weddings, events, and celebrations requires effective marketing and awareness campaigns.The transportation and logistics of exotic flowers also present challenges. Maintaining the freshness and quality of delicate flowers during long-distance transportation is critical, and any inefficiency in the supply chain can lead to losses.Additionally, the price sensitivity of consumers can affect the demand for exotic flowers. Many consumers may opt for more affordable local flowers, making it necessary for exotic flower vendors to find ways to justify the higher price points.
The India exotic flowers market faced a severe setback during the pandemic as events, celebrations, and public gatherings were restricted. The closure of florists and disruptions in the logistics sector affected the demand and supply of exotic flowers. The market`s recovery is expected to be gradual, closely tied to the easing of restrictions on gatherings and events.
India exotic flowers market has seen the rise of key players like ExoBlooms International, Rare Petals Ltd., and Orchid Wonders. They specialize in sourcing and distributing exotic and rare flowers, catering to special events, weddings, and high-end floral arrangements.