Kenya Flower and Ornamental Plants Market (2020-2026) | Outlook, Industry, Forecast, Analysis, Revenue, Companies, Growth, COVID-19 IMPACT, Share, Value, Size & Trends

Kenya Flower and Ornamental Plants Market Synopsis

Kenya is the leading producer of ornamental plants in Africa and exports over $20 million worth of flowers to Europe annually. The market for flower and ornamental plants in Kenya is estimated to reach USD 690 Million by 2026 at a CAGR of 4.2 percent during the forecast period (2020-2026)

Drivers of the Market

Drivers The growth can be attributed to increasing demand from foreign markets, especially European countries, due to their higher purchasing power and preference for high-quality Kenya varieties. In addition, technological developments like automated greenhouses are providing opportunities for increased production efficiency while also allowing farmers to diversify their crops. Furthermore, the implementation of government initiatives such as free trade agreements with other African countries have helped expand export channels throughout the region

The main challenge faced by players operating in this sector continues to be price fluctuations due unstable weather conditions which could lead to supply shortages or overproduction and reducing profit margins for growers. To mitigate this risk, players are increasingly investing in advanced technologies such as hydroponic systems that allow them control climate variables more effectively within a closed system leading improved yields despite climate changes outside

Furthermore, companies operating in this space are focusing on introducing new product variants with advanced features like mineral fortification and purity certification that can attract more customers towards buying packaged drinking water over other beverages available in the market. This has led to an increase in competition among players operating within this industry which will further drive up sales over time as well as provide access to high quality products at affordable prices

Key Highlights of the Report:

• Kenya Flower and Ornamental Plants Market Outlook
• Market Size of Kenya Flower and Ornamental Plants Market, 2019
• Forecast of Kenya Flower and Ornamental Plants Market, 2026
• Historical Data and Forecast of Kenya Flower and Ornamental Plants Revenues & Volume for the Period 2016 - 2026
• Kenya Flower and Ornamental Plants Market Trend Evolution
• Kenya Flower and Ornamental Plants Market Drivers and Challenges
• Kenya Flower and Ornamental Plants Price Trends
• Kenya Flower and Ornamental Plants Porter's Five Forces
• Kenya Flower and Ornamental Plants Industry Life Cycle
• Historical Data and Forecast of Kenya Flower and Ornamental Plants Market Revenues & Volume By Product Type for the Period 2016 - 2026
• Historical Data and Forecast of Kenya Flower and Ornamental Plants Market Revenues & Volume By Potted Plants for the Period 2016 - 2026
• Historical Data and Forecast of Kenya Flower and Ornamental Plants Market Revenues & Volume By Cut Flowers for the Period 2016 - 2026
• Historical Data and Forecast of Kenya Flower and Ornamental Plants Market Revenues & Volume By Application for the Period 2016 - 2026
• Historical Data and Forecast of Kenya Flower and Ornamental Plants Market Revenues & Volume By Home for the Period 2016 - 2026
• Historical Data and Forecast of Kenya Flower and Ornamental Plants Market Revenues & Volume By Commercial for the Period 2016 - 2026
• Kenya Flower and Ornamental Plants Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Kenya Flower and Ornamental Plants Top Companies Market Share
• Kenya Flower and Ornamental Plants Competitive Benchmarking By Technical and Operational Parameters
• Kenya Flower and Ornamental Plants Company Profiles
• Kenya Flower and Ornamental Plants Key Strategic Recommendations