UAE Cut Flower Market (2022-2028) | Size, Industry, Growth, Revenue, Analysis, Forecast, Value, Industry, Outlook & COVID-19 IMPACT

UAE Cut Flower Market report thoroughly covers the market by flower types, applications, sales channels, and emirates. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

UAE Cut Flower Market Synopsis

UAE cut flower market witnessed significant growth in 2017-2019 owing to growth in hospitality and event sectors. In 2018, a $163 million fund was launched by the Department of Culture and Tourism to enhance Abu Dhabi’s portfolio of leisure and business events. This mega fund was a part of Ghadan 21 programme to accelerate Abu Dhabi’s Economy.

However, on account of Covid-19 outbreak and subsequent lockdown in 2020, the cut flower market in UAE experienced a setback leading to a decline in revenues of approximately 18%. The fall was due to supply chain disruptions and halted exhibitions and corporate events in the country. However, cut flower industry is expected to recover in 2021 owing to upliftment of lockdown restrictions and resumption of business activities. Further, the upcoming mega event, Dubai expo 2020, which would run from October 2021 to March 2022, would drive the market for the events industry hence creating a demand for cut flowers in the country.                

According to 6Wresearch, UAE Cut Flower Market size is projected to grow at a CAGR of 13.3% during 2021-2027. The government has established Dubai Flower center as an economic zone with an aim of offering tax concessions and customs duty benefits to the expatriate investors and thus facilitating floriculture industry in the country. To attract investments from expatriate, government is allowing complete foreign ownership, no currency restrictions, 100% import & export tax exemption, 100% repatriation of capital, and profits and others benefits for people setting up business in DFC. Increasing government investment in floriculture industry would augment cut flower market in the country.

Market by Flower Type Analysis 

In terms of flower types, the segments rose, tulip and chrysanthemum & gerbera cumulatively have captured 65% of the market revenues in 2020, with rose leading the market. Segment rose accounted highest revenue share in 2020 and the same trend is expected to follow in the coming years owing to its growing consumer preference due to its availability of vast varieties and colours in the country. Further, growing local production of roses by the major companies such as Advanced Horticulture farm and National Horticulture Co. is also driving its market in the country.

Market by Application Analysis 

In UAE Cut Flower Market, commercial applications have led the overall market revenues accounting more than 65% of the market revenues in 2020. Commercial application captured key share of the market pie, led by development across various sectors such as hospitality, event, corporate etc.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• UAE Cut Flower Market Overview
• UAE Cut Flower Market Outlook
• UAE Cut Flower Market Forecast
• Historical Data and Forecast of UAE Cut Flower Market Revenues for the Period 2017-2027F
• Historical Data and Forecast of Revenues, By Flower Types, Sales Channel, Applications and Emirates for the Period 2017-2027F
• Market Drivers and Restraints
• UAE Cut Flower Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• UAE Cut Flower Market Revenue Ranking, By Company
• UAE Cut Flower Market – Consumer Analysis
• UAE Cut Flower Market – Key Untapped Areas to Explore
• UAE Cut Flower Market – Trade Statistics
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Flower Types:
  • Rose
  • Carnation
  • Tulip
  • Lily
  • Orchid
  • Hydrangea
  • Chrysanthemum and Gerbera
  • Others (sunflowers, lisianthus, veronica etc.)
• By Applications:
  • Commercial
  • Hospitality
  • Corporate
  • Events
  • Residential
  • Gifting
  • Personal
• By Sales Channels:
  • Online
  • Offline
• By Emirates:
  • Dubai
  • Abu Dhabi
  • Other Emirates (Sharjah, Ajman, Ras Al Khaimah, Fujairah, Umm Al Quawain)

Frequently Asked Questions About the Market Study:

• Does the report consider COVID-19 impact?
  The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.

• How much growth is expected in the UAE Cut FLower Market over the coming years?
  The UAE Cut Flower Market revenue is anticipated to record a CAGR of 13.3% during 2021-27.

• Which segment has captured key share of the market?
  The segment, rose has dominated the market revenues led by usage across hospitality and event sector.
  
  
• Which segment is exhibited to gain traction over the forecast period?
  Dubai would record key growth throughout the forecast period 2021-27.

• Who are key the key players of the market?
  The key players of the market include- Black Tulip Flower LLC, Oleander Group, June Flowers LLC, Bloombox, Bliss FZCO etc.

• Is customization available in the market study?
  Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements

• We also want to have market reports for other countries/regions.
  6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

Other Key Reports Available:

• India Cut Flower Market (2021-2027)
• Middle East Cut Flower Market (2021-27)
• Global Cut Flower Market (2021-27)