Orchid Market by Product Type (Phalaenopsis Orchid, Cattleya Orchid, Vanda Orchid, Paphiopedilum Orchid, Miltonia Orchid and Others), by Application (Garden, Cosmetic and Herbal Medicine), by regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa): Opportunity Analysis and Industry Forecast, 2021-2027

Date : Jul 2021

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Report ID : 735

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Category : Consumer Goods

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Report Format:  PDF EXCEL PPT WORD

Market Overview:

The Global Orchid Market was valued at US$ 5,152.1 Mn in 2020 and is expected to reach US$ 7,051.3 Mn by 2027 with a growing CAGR of 4.6% during the forecast period (2021-2027).

The orchid market is expected to witness a high growth owing to the rising use of orchids in the cosmetics, herbal medicines, cooking, among others. Various types of orchids are being used for treating diseases, for instance, dried dendrobium and is believed to possess medicinal properties that can help treat cancer, strengthen the immune system, and improve eyesight.  Orchids have been used as a source of medicine for millennia to treat different diseases and ailments including tuberculosis, paralysis, cholera, acidity, stomach disorders, chest pain, syphilis, jaundice, eczema, arthritis, tumor, piles among others. The Chinese continues to use orchids for medicinal purposes until today, most commonly in the form of medicinal tea. In addition, many orchidaceous preparations are used as purgative, aphrodisiac, sex stimulator, bronchodilator, contraceptive, cooling agent in scorpion sting and snake bite. The orchid flowers are also being used in cosmetics, as it is believed that it prevents ageing of the skin. Moreover, orchids are now being used for moisturizing, fighting free radicals, increasing skin immunity and reducing the appearance of fine lines which further fuels the orchid market.

Orchid Market

The growing tradition of gifting flowers on different occasions such as in Christmas, birthdays and wedding seasons is also driving the Orchid market growth. The trend of giving floral gifts on special occasion is rising in developing region such as China, India, Thailand and others. Product innovation has become an important strategy in order to satisfy consumer demand and maximize the sales. Seasonal decorations which include decorative home and wall decor on several occasions such as Christmas, Halloween and others are resulting to a positive impact the global floral gifting market, thus increases the demand of orchid.

Global Orchid Market Segmentation:

  • By Product Type
    • Phalaenopsis Orchid
    • Cattleya Orchid
    • Vanda Orchid
    • Paphiopedilum Orchid
    • Miltonia Orchid
    • Others
  • By Application
    • Garden
    • Cosmetic
    • Herbal Medicine
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Based on the product type, Cattleya Orchid market shown the has shown a high growth rate in the global orchid market and is expected to grow with a CAGR of 5.6% in the forecast period.

On the basis of product type, the Global Orchid Market can be segmented into Phalaenopsis Orchid, Cattleya Orchid, Vanda Orchid, Paphiopedilum Orchid, Miltonia Orchid and Others. Among these, Phalaenopsis Orchid was valued at US$ 1,293.8 Mn in 2020 and holds the largest market share in the Global Orchid Market. Phalaenopsis is the second most valuable and popular flowering potted plant and cut flower around the world. It is due to their use in cultural practices, year-round availability, longer vase life and diversity in flower color, size and shape, delicacy.

Cattleya Orchid (also referred as queen of orchid) market has shown a high growth rate in the global orchid market and is expected to grow with a CAGR of 5.6% in the forecast period.  The major reason for the growth is its primary use in the decorative ornaments. Owing to its various beauty advantages, it is also being used in the cosmetic application to reduce the look of fine lines and wrinkles, act as an anti-oxidant and humectant that moisturizes, soothes and conditions the skin which further fosters the demand of the cattleya orchid market.

Based on application, Cosmetic application holds the largest share in the orchid market and was valued at US$ 1,598.3 Mn in 2020

On the basis of application, the orchid market can be segmented as garden, cosmetic and herbal medicines. The orchid market in cosmetics holds the largest share and was valued at US$ 1,598.3 Mn in 2020. The cosmetic application is witnessing growth in the market as various types of orchid flowers are being used in cosmetics product, for instance, Cymbidium flowers are used in perfume, skin cream and anti-aging cosmetics. In addition, Orchids are now primarily being used for moisturizing, fighting free radicals, increasing skin immunity and reducing the appearance of fine lines. These benefits have positively driven the orchid markets.

The herbal application of orchids also holds a significant share in the orchid market and is growing with a CAGR of 5.1% during the forecast period. The ingredients contained in the orchid flowers helps in avoiding various nervous disorders. In addition, the orchid root contains essential oils, starches, sugars, resins, and other ingredient and are useful in overcoming various illnesses, and also brain function disease.All the parts of orchids such as root, stem and flowers contain medicinal properties. Thus, with the rising use of orchid in herbal medicines further fosters the market growth.

Based on region, North America holds the largest share in global orchid market and is expected to show a significant growth rate of CAGR 4.8%.

Based on the regions, the global orchid market has been segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America holds the largest share in global orchid market and was valued at US$ 1617.3 Mn in 2020. The orchid demand is rising in the North American region as consumers in the United States are increasing their consumption of herbal beauty products, particularly skin care and hair care products, due to their ‘vegan’, ‘natural’, ‘organic’, ‘botanical’, and ‘free-from’ labels. In addition, premium beauty and personal care segment have shown an impressive growth year over year.

Moreover, Orchids have a varying level of rarity and protection across the US, and laws support vary from state to state to protect the same. Some species of the orchids are federally being listed under the Endangered Species Act (ESA). In addition, the entire orchid family, including all orchids native to the United States and its territories, are listed under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). These regulations help in stopping illegal sales orchids. Thus, with the rising cosmetic industry and supporting laws to conserve endangered species of flora and fauna further propels the growth of orchid in this region.

Orchid Market Company Profiles and Competitive Intelligence:

The major players operating in the Global Orchid Market includes Burnham Nurseries Ltd, Sun Bulb Company, Inc., Kawamoto Orchid Nursery, Orchids by Hausermann, Cal-Orchid Inc., Odom's Orchids, Al's Orchid Greenhouse, Waldor Orchids, Gubler Orchids, Ter Laak Orchids, among others

The report also provides in-depth analysis of market dynamics such as drivers, restraints opportunities and challenges

Drivers

  1. Surge in demand for floral gifting from developing countries
  2. Rising demand of herbal medicines across globe

Restraints

  1. Seasonal nature of business hampers the orchid market growth

The report also provides in-depth analysis of key market trends

Sr. No. Trends Impact
1 Providing customization facilities among the consumers with new ideas are expected to generate opportunities to the global floral gifting, thus fostering the demand of the orchid flowers in the market. Positive
2 There is an increasing trend to use orchids in preparing and decorating food items. Many countries like Turkey use orchids in ice-creams and stir-frying. Orchids such as Karma orchid is used as a garnish to decorate cakes, chocolates, drinks and even cakes. These new uses will drive the demand for orchids in the market. Positive

Company Profiles and Competitive Intelligence

  • Burnham Nurseries Ltd
  • Sun Bulb Company, Inc.
  • Kawamoto Orchid Nursery
  • Orchids by Hausermann
  • Cal-Orchid Inc.
  • Odom's Orchids
  • Al's Orchid Greenhouse
  • Waldor Orchids
  • Gubler Orchids
  • Ter Laak Orchids
  • Natural Orchid Co., Ltd.
  • Allura Biotech
  • Kokusai Nursery Co., Ltd.
  • Hung-Tien Enterprise
  • Sun Bulb Company, Inc.
  • Grand Siam Orchid Co.,Ltd.
  • Blueorchid Co.,Ltd.

The unique insights provided by this report also includes the following:

  • In-depth value chain analysis
  • Opportunity mapping
  • Sector snapshot
  • Key Players Positioning Matrix
  • Regulatory scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market trends
  • Covid-19 impact analysis
  • Product comparison
  • Pre & Post COVID 19 impact on Orchid Market
  • Competitive Landscape

Frequently Asked Questions (FAQs)

How big the global orchid market?

The global Orchid market was valued at US$ 5,152.1 Mn in 2020 and is expected to reach US$ 7,051.3 Mn by 2027

What is the estimated market growth rate of Global Orchid industry?

The Global Orchid Market is estimated to grow at a compound annual growth rate (CAGR) of 4.6% during 2020-2027.

Which region has the largest share in the Global Orchid Market?

North America holds the largest share in global orchid market and was valued at US$ 1617.3 Mn in 2020.

Who are the key players in the Global Orchid Market?

A few key players in the Orchid Market includes Burnham Nurseries Ltd, Sun Bulb Company, Inc., Kawamoto Orchid Nursery, Orchids by Hausermann, Cal-Orchid Inc., Odom's Orchids, Al's Orchid Greenhouse, Waldor Orchids, Gubler Orchids, Ter Laak Orchids, among others

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Table of Contents Orchid Market

Section 1: Introduction

  • Engagement Objective
  • Scope of the Study: Segmentation 
  • Timeframe, Currency and Limitations

Section 2: Research Methodology

  • 3P Research Approach
  • Market Sizing Approach
  • Data Sources
  • Primary Research Coverage

Section 3: Executive Summary

  • Global Orchid Market Summary
  • Market Snapshot
  • Country Snapshot

Section 4: Premium Insights

  • Key Trend Analysis
  • Major Investment Scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Business Recommendations
    • Opportunity Mapping
  • PESTEL Analysis
  • Market Positioning Matrix

Section 5: Market Overview & Competitive Landscape

  • Competitive Landscape
  • Investment Scenario by key Players
  • Key Player Overview
  • Player Wise Geographic Presence
  • Player Wise Target Customer Segment
  • Recent News
    • Product Launches & upgrades
    • R&D / Innovation
    • Merger & Acquisition
    • JV & Partnership
    • Recognition and others

Section 6: Market Size and Share Analysis

  • Market Size & Historic Growth
  • Market Size by Player Category
  • Market Size by Product Type
    • Phalaenopsis Orchid
    • Cattleya Orchid
    • Vanda Orchid
    • Paphiopedilum Orchid
    • Miltonia Orchid
    • Others
  • Market Size by Application
    • Garden
    • Cosmetic
    • Herbal Medicine

???????Section 7: Market Dynamics

  • DROC Impact Analysis
  • Market Drivers
  • Market Restraints
  • Market Opportunities

Section 8: Future Forecast & Impact of COVID-19

  • Key Drivers & Anticipated Revival Period
  • Key Trends Analysis
  • Impact on End user Industry
  • Opportunity Analysis
  • Pre & Post COVID 19 impact
  • End-Use Specific COVID-19 Impact
  • Key Factor Analysis

Section 9: Regional Market Size and Share Analysis

  • North America
    • Market Overview and Analysis
    • Key Country Analysis
      • US
      • Canada
  • Europe
    • Market Overview and Analysis
    • Key Country Analysis
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Rest of Europe
  • Asia Pacific
    • Market Overview and Analysis
    • Key Country Analysis
      • China
      • India
      • Japan
      • South Korea
      • Rest Of APAC
  • Latin America
    • Market Overview and Analysis
    • Key Country Analysis
      • Brazil
      • Argentina
      • Rest of LATAM
  • Middle East & Africa
    • Market Overview and Analysis
    • Key Country Analysis
      • GCC
      • Rest of MEA

Section 10: Company Profile

  • Burnham Nurseries Ltd
  • Sun Bulb Company, Inc.
  • Kawamoto Orchid Nursery
  • Orchids by Hausermann
  • Cal-Orchid Inc.
  • Odom's Orchids
  • Al's Orchid Greenhouse
  • Waldor Orchids
  • Gubler Orchids
  • Ter Laak Orchids

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