Succulent Plant Market by Type and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 118

SKU: IRTNTR74463

Snapshot

The succulent plant market share is expected to increase by USD 2.03 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.22%.

This succulent plant market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the succulent plant market segmentation by type (Cactaceae, Crassulaceae, Aizoaceae, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The succulent plant market report also offers information on several market vendors, including Adeniumrose Co. LLC, Altman Specialty Plants LLC, Annies Garden and Patio, Costa Farms LLC, Dummen Orange, Fairyblooms LLC, FTD LLC, Mountain Crest Gardens, myBageecha, NorCal Succulent Shop, NurseryLive, Nurturing Green Plantation Pvt. Ltd., Qingdao Flowery Crafts Co. Ltd., Queen Knud Jepsen A/S, Rootly Plant Decor Pvt. Ltd., Succulent Market, Succulents Box LLC, Tenth Avenue Holdings LLC, The Bouqs Co., The Leaf and Clay, Ugaoo Agritech Pvt. Ltd., and Yiwu Lishi Imp. and Exp. Co., Ltd among others.

What will the Succulent Plant Market Size be During the Forecast Period?

Download Report Sample to Unlock the Succulent Plant Market Size for the Forecast Period and Other Important Statistics

Succulent Plant Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the succulent plant market. During the COVID-19 pandemic, the succulent plant market demand has been impacted greatly. A holistic analysis of drivers will help in exact demands and refining marketing strategies to gain a competitive advantage.

Key Succulent Plant Market Driver

Increased penetration of online shopping is one of the key drivers supporting the succulent plant market growth. Online shopping through smart devices has gained traction over the years because of the high penetration of Internet services, improved economic growth, and upgraded purchase and delivery options. Moreover, the availability of online payment options, a wide range of merchandise, the online tracking of shipments, and others have increased the demand for online shopping. Currently, customers have several payment options, such as credit cards, debit cards, cash-on-delivery (COD), and Internet banking. Thus, owing to the increasing penetration of online shopping and the availability of various types of succulent plants on the online platform, it is anticipated that the market in focus will grow positively during the forecast period.

Key Succulent Plant Market Trend

The increasing trend for interior design is one of the key succulent plant market trends contributing to market growth. The growing number of working women and their increased participation in household decision-making has significantly augmented interest in interior design. In the US, the female labor force as a percentage of the total labor force has been increasing gradually over the last two decades. Moreover, online platforms play a major role in generating interest and motivating consumers to invest in interior design. Therefore, interior design and aesthetics will propel the demand for succulent plants during the forecast period.

Key Succulent Plant Market Challenge

The criticality of product sourcing and inventory management is one of the factors impeding the succulent plant market growth. Managing inventory is a key concern for both offline and online vendors. Consumer preferences change over time, speeding up the inventory turnover requirements. Suppliers or manufacturers of succulent plants need to adjust to smaller orders from wholesalers and retailers, which compels them to improve their inventory turnaround times. Meanwhile, the ability of countries such as Brazil, India, South Africa, and Russia to handle the movement of production processes from China can negatively affect critical delivery schedules. However, the key vendors follow various strategies for managing their inventory, which can be a challenge for the market.

This succulent plant market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global succulent plant market as a part of the global agricultural products market under the global food products market of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the succulent plant market during the forecast period.

Who are the Major Succulent Plant Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the succulent plant market encompasses successful business strategies deployed by the key vendors. The succulent plant market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Altman Specialty Plants LLC - The company offers succulent plants such as variegata sunrise, purple split rock, calico kitten, and lithops spp.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The succulent plant market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Succulent Plant Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the succulent plant market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for the Succulent Plant Market?

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39% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the succulent plant market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The improving economic conditions will facilitate the succulent plant market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 majorly impacted the regional market. However, the increasing awareness regarding environmental sustainability and the growing horticulture and nursery industry in North America are spurring the demand for succulent plants during the forecast period.

What are the Revenue-generating Type Segments in the Succulent Plant Market?

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The succulent plant market share growth by the Cactaceae segment will be significant during the forecast period. Cactaceae is a type of succulent plant that has increased in popularity due to its low-maintenance and care, and it is an ideal choice for first-time plant owners. These plants are used in homes and commercial places to enhance their aesthetics. Thus, owing to the advantages, succulent Cactaceae plants are used as indoor plants. Such factors will boost segment growth in the near future.

This report provides an accurate prediction of the contribution of all the segments to the growth of the succulent plant market size and actionable market insights on the post-COVID-19 impact on each segment.

Succulent Plant Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 10.22%
Market growth 2022-2026	$2.03 billion
Market structure	Fragmented
YoY growth (%)	9.5
Regional analysis	North America, APAC, Europe, the Middle East and Africa, and South America
Performing market contribution	North America at 39%
Key consumer countries	US, Canada, China, Germany, and France
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Adeniumrose Co. LLC, Altman Specialty Plants LLC, Annies Garden and Patio, Costa Farms LLC, Dummen Orange, Fairyblooms LLC, FTD LLC, Mountain Crest Gardens, myBageecha, NorCal Succulent Shop, NurseryLive, Nurturing Green Plantation Pvt. Ltd., Qingdao Flowery Crafts Co. Ltd., Queen Knud Jepsen A/S, Rootly Plant Decor Pvt. Ltd., Succulent Market, Succulents Box LLC, Tenth Avenue Holdings LLC, The Bouqs Co., The Leaf and Clay, Ugaoo Agritech Pvt. Ltd., and Yiwu Lishi Imp. and Exp. Co., Ltd
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Succulent Plant Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive succulent plant market growth during the next five years
Precise estimation of the succulent plant market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the succulent plant industry across North America, APAC, Europe, the Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of succulent plant market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type

5.3 Cactaceae - Market size and forecast 2021-2026
- Exhibit 28: Chart on Cactaceae - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Cactaceae - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Cactaceae - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Cactaceae - Year-over-year growth 2021-2026 (%)

5.4 Crassulaceae - Market size and forecast 2021-2026
- Exhibit 32: Chart on Crassulaceae - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Crassulaceae - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Crassulaceae - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Crassulaceae - Year-over-year growth 2021-2026 (%)

5.5 Aizoaceae - Market size and forecast 2021-2026
- Exhibit 36: Chart on Aizoaceae - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Aizoaceae - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Aizoaceae - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Aizoaceae - Year-over-year growth 2021-2026 (%)

5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by Type
- Exhibit 44: Market opportunity by Type ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 France - Market size and forecast 2021-2026
- Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026
- Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption

9.4 Industry risks
- Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 95: Vendors covered

10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification

10.3 Adeniumrose Co. LLC
- Exhibit 97: Adeniumrose Co. LLC - Overview
- Exhibit 98: Adeniumrose Co. LLC - Product / Service
- Exhibit 99: Adeniumrose Co. LLC - Key offerings

10.4 Altman Specialty Plants LLC
- Exhibit 100: Altman Specialty Plants LLC - Overview
- Exhibit 101: Altman Specialty Plants LLC - Product / Service
- Exhibit 102: Altman Specialty Plants LLC - Key offerings

10.5 Costa Farms LLC
- Exhibit 103: Costa Farms LLC - Overview
- Exhibit 104: Costa Farms LLC - Product / Service
- Exhibit 105: Costa Farms LLC - Key offerings

10.6 Dummen Orange
- Exhibit 106: Dummen Orange - Overview
- Exhibit 107: Dummen Orange - Product / Service
- Exhibit 108: Dummen Orange - Key offerings

10.7 FTD LLC
- Exhibit 109: FTD LLC - Overview
- Exhibit 110: FTD LLC - Product / Service
- Exhibit 111: FTD LLC - Key offerings

10.8 Qingdao Flowery Crafts Co. Ltd.
- Exhibit 112: Qingdao Flowery Crafts Co. Ltd. - Overview
- Exhibit 113: Qingdao Flowery Crafts Co. Ltd. - Product / Service
- Exhibit 114: Qingdao Flowery Crafts Co. Ltd. - Key offerings

10.9 Succulent Market
- Exhibit 115: Succulent Market - Overview
- Exhibit 116: Succulent Market - Product / Service
- Exhibit 117: Succulent Market - Key offerings

10.10 Tenth Avenue Holdings LLC
- Exhibit 118: Tenth Avenue Holdings LLC - Overview
- Exhibit 119: Tenth Avenue Holdings LLC - Product / Service
- Exhibit 120: Tenth Avenue Holdings LLC - Key offerings

10.11 The Bouqs Co.
- Exhibit 121: The Bouqs Co. - Overview
- Exhibit 122: The Bouqs Co. - Product / Service
- Exhibit 123: The Bouqs Co. - Key offerings

10.12 Yiwu Lishi Imp. and Exp. Co., Ltd
- Exhibit 124: Yiwu Lishi Imp. and Exp. Co., Ltd - Overview
- Exhibit 125: Yiwu Lishi Imp. and Exp. Co., Ltd - Product / Service
- Exhibit 126: Yiwu Lishi Imp. and Exp. Co., Ltd - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 127: Inclusions checklist
- Exhibit 128: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 129: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 130: Research methodology
- Exhibit 131: Validation techniques employed for market sizing
- Exhibit 132: Information sources

11.5 List of abbreviations
- Exhibit 133: List of abbreviations

The global agricultural products market is expected to have moderate growth during the forecast period owing to the increasing demand for food products to meet the need of consumers and the growing government plans to improve agricultural production. However, the market is also expected to witness particular challenges due to the shrinkage of farming areas, impact of natural calamities, and the lack of availability of necessary farming inputs such as water for agricultural practices.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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