Tuesday, 02 January 2024 12:17 GMT

Saudi Arabia Flower Market Predicted To Exceed USD 548.30 Million By 2033, Rising At A CAGR Of 5.30%


(MENAFN- IMARC Group) The Saudi Arabia flower market size reached USD 548.30 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 872.72 Million by 2033, exhibiting a growth rate (CAGR) of 5.30% during 2025-2033. Saudi Arabia flower market is flourishing due to rising demand for ornamental plants, gifting culture, and increasing urban landscaping initiatives.

Key Highlights

  • Market size (2024): USD 548.30 Million
  • Forecast (2033): USD 872.72 Million
  • CAGR (2025–2033): 5.30%
  • Increasing demand for luxury floral arrangements and event flowers, growing popularity of flowers in home décor and gifting, and rising adoption of e-commerce platforms.
  • Strong cultural and religious traditions, increasing disposable income, flourishing hospitality and event industry, and government support for floriculture tourism.
  • The“Cut Flower” segment holds the largest share, primarily driven by its extensive use in aesthetic and decorative purposes for events and commercial settings.

How Is AI Transforming the Flower Market in Saudi Arabia?

  • Boosting Efficiency with AI Tools : AI-powered tools streamline flower farming, optimizing irrigation and pest control, saving 30% water usage for growers.
  • Personalized Retail Experiences : Local florists like Al-Fawzan use AI for tailored customer recommendations, increasing sales by 15% through targeted marketing.
  • Government Support via Vision 2030 : Saudi Arabia's Vision 2030 funds AI research, training 5,000 farmers in smart agriculture technologies.
  • Precision Farming Adoption : Over 200 farms use AI-driven drones for crop monitoring, improving yield by 20% with real-time data.
  • Smart Logistics for Exports : AI optimizes flower supply chains, reducing delivery times by 25% for exporters like Saudi Blooms.

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Saudi Arabia Flower Market Trends and Drivers

  • Growing Flower Culture : Shift toward everyday flower use for personal gifting and home decoration, expanding market reach.
  • Cultural Significance : Flowers integral to weddings, festivals, and religious events, driving consistent demand across urban and rural areas.
  • Urbanization and Income Growth : Rising affluence and urban lifestyles boost demand for premium flowers and bespoke arrangements.
  • Government Support : Vision 2030 initiatives promote local floriculture and tourism, enhancing domestic production and market growth.
  • Event-Driven Demand : Lavish weddings and corporate events fuel need for high-quality, luxury floral designs and arrangements.

Saudi Arabia Flower Industry Segmentation:

The report has segmented the market into the following categories:

Product Type Insights:

  • Fresh Cut Flowers
  • Potted Plants and Indoor Flowers
  • Dried and Artificial Flowers

Application Insights:

  • Personal Use
  • Corporate Use
  • Events and Weddings
  • Religious Ceremonies
  • Gifting

Distribution Channel Insights:

  • Online Retail
  • Offline Retail

Regional Insights:

  • Northern and Central Region
  • Western Region
  • Eastern Region
  • Southern Region

Recent News and Developments in Saudi Arabia Flower Market

  • September 2024 : MAGRABi and Rivoli Vision merged, integrating store and digital platforms, boosting online sales by 50% annually through enhanced customer experiences.
  • July 2024 : Lenskart expanded into Saudi Arabia, leveraging AI-driven virtual try-on tools and big data analytics to personalize eyewear shopping experiences.
  • November 2024 : Increased digital eye strain awareness drives demand for blue light-blocking glasses, with e-commerce platforms offering advanced AR try-on features.

Buy Full Report: https://www.imarcgroup.com/checkout?id=35718&method=1315

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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