Report : Middle East and Africa Cut Flowers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Flower Type (Rose, Carnation, Lilium, Chrysanthemum and Gerbera, and Others), and Application (Home and Commercial)
Commercial Segment to Dominate Middle- East and Africa Cut Flowers Market during 2020–2027
According to The Insight Partners market research study on “Middle- East and Africa Cut Flowers Market Forecast to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Flower Type, and Application,” is expected to reach US$ 1,972.69 million by 2027 from US$ 1,531.64 million in 2019. The market is estimated to grow at a CAGR of 3.5% from 2020 to 2027. The report provides trends prevailing in the Middle- East and Africa cut flowers market along with the drivers and restraints pertaining to the market growth. Several health benefits associated with cut flowers are the major factor driving the growth of the Middle- East and Africa cut flowers market. However, issues associated with the strict conditions to be met by cut flowers hinder the growth of Middle- East and Africa cut flowers market.
The Middle- East and Africa market for cut flowers market is segmented into flower type, application, and country. Based on flower type, the market is segmented into rose, carnation, lilium, chrysanthemum and gerbera, and others. In 2019, the rose segment held the largest share Middle- East and Africa cut flowers market. Based on application the cut flowers market is divided into home and commercial. Commercial is expected to be the fastest growing segment over the forecast period.
Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus.
Oserian, Dümmen Orange, The Kariki Group, Selecta one, MultiFlora, Afriflora Sher, and Karen Roses
are among the leading companies in the MIDDLE- EAST AND AFRICAcut flowers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in June 2019, Dümmen Orange and Kordes Rosen, breeder of cut, pot, and garden roses based in Germany, signed an agreement to develop and broaden their collaboration by working together in the Dümmen Orange rose show garden in De Kwakel, the Netherlands, creating access to the best in roses for their customers.
Middle- East and Africa Cut Flowers Market, By Country, 2019 and 2027 (%)
The Report Segments the Middle- East and Africa Cut Flowers market as Follows:
Middle- East and Africa Cut Flowers Market – By Flower Type
Middle- East and Africa Cut Flowers Market – By Application
Middle- East and Africa Cut Flowers Market – By Country