Floral Gifting Market In US Is Expected To Grow At A CAGR Of Over 5% During The Period 2020–2025


News provided by

Shibuya Data Count

Feb 05, 2021, 05:26 EST


Shibuya-ku, Tokyo, Japan, Japan, Feb 05, 2021, 05:26 /Comserve / -- Key Vendors: FTD Companies, 1-800-Flowers.com, Teleflora, From You Flowers

The floral gifting market in US is expected to grow at a CAGR of over 5% during the period 2020–2025. The floral gifting market in US is witness to a range of innovations. One of the most prominent being delivery. Retail is being eliminated to appeal to the new generations that look to digital platforms for most of their purchase decisions. The supply chain is witnessing massive consolidation within the US floral gifting market. Major producers of flowers are acquiring small farms. The same is being witnessed in the retail and wholesale scene. The competition has thus intensified, and a lot of these players are looking to increase profitability via vertical integration. Intermediaries are losing their space in the market as network services bypass florists, and florists bypass wholesalers to meet orders straight from farms. Farms are going one step further and marketing straight to consumers.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91121

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Key Vendors

• FTD Companies
• 1-800-Flowers.com
• Teleflora
• From You Flowers

INSIGHTS BY VENDORS

The US floral gifting market share is fragmented. The leading three players account for a chunk of the business. There are more than 15,000 retail florists in the US. The players in the floral gifting market operate in a host of ways utilizing catalog, online, mass-market retail, wholesale, floral, and gift retail channels to serve the market. Floral mass marketers that cater to consumers take orders via websites, smartphones, and phones, and these players are only expected to grow with the digital wave sweeping across the retail industry. Supermarkets, on the other hand, have also entered the market by providing floral gifting products, driving up competition, thereby influencing the growth of the breadth of related products offered. The market also witnesses the operation of floral wire services that use a proprietary network communication system through which orders are taken and passed through to the members of the floral network.

FLORAL GIFTING MARKET IN US SEGMENTATION

This research report includes a detailed segmentation by occasion, platform, product, and purchasing options. Changes in lifestyle, variations in cultures, and evolving households are leading to new opportunities for personal floral gifting. The major revenue generator for the floral gifting industry is Mother’s Day. Customers usually purchase Mother’s Day flowers via the internet as they tend to see the arrangements in large before buying. However, the mobile segment is also witnessing a decent growth YOY courtesy the younger generation. While we witness the accessibility as a major factor contributing to the growth of the floral industry, it also imposes a threat as there are numerous competitors, encouraging the shift to other gifting segments.

Traditional in-store florists in the US are witnessing a strong decline primarily due to the competition from less expensive mass-market retailers and online orders. While some of them are shutting shops, others are turning into studio florists. A large number of them, however, are event florists, catering to weddings and corporate events. Supplying to events is becoming more prominent, proving a threat to the market. Opportunities for florists in the US are ripe with consumers willing to spend more on products that are prepped and delivered by florists as they are equated to quality.

Mass-market retailers and supermarkets are finding their way into the floral market and are progressing slowly. There is a trend toward full-service operations being observed among chain and independent supermarkets and grocery/service wholesalers. The online marketplace has evolved rapidly in the last couple of years, setting in motion a refined, less hassled flower gifting delivery system. The internet has shortened the supply chain, putting all the players in touch with each other. The rise of the internet has ushered in an era of comparative shopping, educated decisions, innovative business models, and widening creativity. While websites by network services have largely been used in the US floral gifting market, new ones that focus on distinctive models of working are gathering momentum. The online space has been ripe with innovation. The on-demand model is becoming a new norm among tech-driven start-ups that are developing their proprietary supply chain. E-tailers in the US are experiencing more consistent sales; however, they tend to be more clustered around occasions such as Mother’s Day and Valentine’s Day than region such as Europe which is marked by less cyclical sales.

Millennials are likely to buy flowers to make a good impression on guests and as a result, bouquets and arrangements have found popularity among this segment of the population. Florists are experimenting with floral arrangements more than ever. From taking inspiration from other countries to basing designs on new elements, the industry has expanded its Ikebana, the ancient Japanese art of flower arranging is the newest craze that is taking over the US floral gifting market and is slowly becoming mainstream. This trend is specifically becoming popular in California and is moving East. However, the segment is increasingly under threat from declining revenues as floral foams forming the base of these arrangements are not environmentally sustainable. Several studies highlight the microplastic pollution, thereby driving leading florists to revert to old-fashioned, sustainable methods of floral design.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91121

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Generic gifting is the primary stimulant for one-time purchases. The mobile platform is particularly growing as the go-to-medium when it comes to single purchases. However, genetic modifications and advancements in growing techniques have made larger and more resilient stocks available at lower prices. A personalized retail experience is becoming more crucial to build loyalty in the market. Incorporating textures and floral scents within the retail space, getting consumers to witness the process, and personalizing basis gender are likely to drive high revenues in the US floral gifting market. Technological changes in retail, aggressive brand-building strategies, and the surprise element that is attached to subscriptions have made them the ideal instrument for gifting. Subscription services are unfailingly practical with consumers simply needing to key in their preferences of flower favorites and the frequency of delivery and then open their door to them on the respective days, they are gaining traction. The market has evolved to satisfy a wide range of needs. Companies are evolving into service providers and iterating their offerings. Subscription players are among the more evolved players in the market, following trends and changing demands closely, and this is among the main reasons they are getting funding. Most of them follow sustainable practices and source flowers locally, and the elements in the bouquet are guided by what is in the season along with the taste of the customer. Players are also ensuring packaging is compostable or biodegradable.

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope Of The Study
4.4 Market Segments
4.4.1 Market Segmentation By Occasion
4.4.2 Market Segmentation By Platform
4.4.3 Market Segmentation By Product
4.4.4 Market Segmentation By Purchase Options
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

The study considers the present scenario of the US floral gifting market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

KEY QUESTIONS ANSWERED

1. What is the U.S. Floral Gifting market size and growth forecast?
2. What are the demand forecast of the floral gift during 2020-2025?
3. Which are the different segments of the market and the growth prospects?
4. Who are the leading vendors in the U.S. Floral Gifting market and their market share?

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


For more information, please contact:

Lauren Brown

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

Related Links
https://www.sdki.us/



Also from this source


Jamaica: Kitchen Furniture Market and the Impact of COVID-19 on It in the Medium Term

This report presents a strategic analysis of the Jamaican kitchen furniture market and a forecast fo


Cellulite Treatment Market By Treatment Procedure by Regional Analysis with Future Growth - Global Forecast by 2020-2025

The Cellulite Treatment Market is expected to be around US$ 2.10 Billion by 2025 at a CAGR of 8% i