UAE Cut Flower Market Outlook (2021-2027): Market Forecast 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)) And Competitive Landscape
December 1, 2021
6wresearch
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UAE Cut Flower Market Outlook (2021-2027): Market Forecast 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)) And Competitive Landscape
Abstract 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)
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)