Global Succulent Plant Market Size By Types (Izoaceae, Cactaceae, Crassulaceae, Euphorbiaceae, Apocynaceae), By Application (Commercial and Household), By Geographic Scope And Forecast

Succulent Plant Market Size And Forecast

Succulent Plant Market size was valued at USD 4.99 Billion in 2024 and is projected to reach USD 15.07 billion by 2031, growing at a CAGR of 16.35 % during the forecast period 2024-2031.

The potential for the worldwide succulent market appears to be quite positive, and it appears to be expanding. Individuals’s ability to spend more money is indirectly indicated by the rising per capita income of people around the world. The succulent plant has the unusual ability to store water in its organs. The Global Succulent Plant Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Succulent Plant Market Definition

Succulent plants, commonly referred to as succulents, are food-rich plants with thickening, succulent portions. The growth of aquifer tissue causes the leaves, stems, or roots of some plants to become fleshier than usual. Succulents are higher plants with hypertrophic vegetative organs; they typically have three types of vegetative organs, including the root, stem, and leaf, as well as flowers, fruits, and seeds. Succulence in plants happens when there is an insufficient quantity of moisture combined with heat and sunlight. High mountain flora must be able to endure drought, and succulent-looking vegetation is frequently observed. Succulent plants grow where there is saltwater, such as along the seashore or in salt deserts. The Cape Province and the South African deserts are where you may find the majority of succulents. Additionally, succulents can be found in the Saharan deserts. The Isle of Socotra is home to a variety of enormous succulent plants. Canary Islands are home to several lovely and unique succulents. Numerous succulents, including xerophyllum prickly plants, Agave, Echevaria, and Sedum, flourish in the stony and calcareous soil of the southern and western sides.

Global Succulent Plant Market Overview

Succulent plants are drought-resistant plants with fleshy, thick, and bloated leaves, stems, and roots as a result of the water-soaring tissue they contain. The succulent plant has several benefits and is becoming more and more well-liked due to its ease of upkeep. Additionally, because of their attractive appearance and low maintenance requirements due to their capacity to live in environments with inadequate water supply, succulents are frequently chosen as houseplants. They do well in a variety of indoor environments.

There are some drawbacks in addition to the perks. The succulent plant must be kept in a sunny area because it is a desert plant and requires at least 8 hours of sunlight per day. The potential for the worldwide succulent market seems to be quite positive, and it appears to be expanding. Individuals’s ability to spend more money is indirectly indicated by the rising per capita income of people around the world. The succulent plant has the unusual ability to store water in its organs. Plants may store water in a variety of organs, including leaves and stems, which makes those organs heavier than usual. These plants are also hardy and can endure any environmental circumstance. Consequently, they are becoming very popular, especially in developed areas due to the benefit of surviving anyplace. One of the most specialised plant forms is the succulent, which expresses the specific soil and climate conditions. In order to preserve water and lessen transpiration, plants are adapted to grow in the extreme water scarcity of deserts and semideserts. A thin layer of absorbing tissues surrounds the water storage tissue, which takes up nearly the entire leaf or stalk. The plants are typically entirely dormant and appear to be dead during the dry time because they have shrunk and the leaf surface has dried.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Succulent Plant market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Succulent Plant market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Succulent Plant Market Segmentation Analysis

The Global Succulent Plant Market is segmented on the basis of Type, Application, And Geography.

Succulent Plant Market, By Types

• Izoaceae
• Cactaceae
• Crassulaceae
• Euphorbiaceae
• Apocynaceae
• Others

The market is divided into Izoaceae, Cactaceae, Crassulaceae, Euphorbiaceae, Apocynaceae, and other types based on types. The Cactaceae type is expected to have the highest CAGR and would significantly contribute to the expansion of the global succulent plant market. Taking good care of cacti and succulents is essential because they are currently very popular indoor plants. They can be found in a wide range of shapes and sizes, from the tiny to the enormous.

Succulent Plant Market, By Application

• Commercial
• Household

The market is divided into Commercial and Household segments based on Application. Due to the use of succulent plants as ornamental elements in hotels and restaurants, the commercial segment is anticipated to hold a sizeable part of the market. Succulents have developed into drought-resistant plants because of their special water-holding abilities. Succulents have become a common sight in people’s gardens and landscapes, which is not surprising given the effects of climate change and the increase in drought incidences.

Succulent Plant Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

The Global Succulent Plant Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa based on regional analysis. Europe accounted for the largest market share in the global market due to the rising demand for succulent plants in commercial and household applications. The Cacti family, which includes succulent plants, is known for its thick and inflated leaves. In order to endure drought, succulent plants store water in their stems, roots, or even foliage. High rates of photosynthetic activity, moderate rates of growth, and high levels of stress tolerance are the main characteristics of succulents. Because they have the capacity for self-regeneration, succulent plants are challenging to kill.

Key Players

With a focus on the global market, the “Global Succulent Plant Market” study report will offer insightful information. Altman Plants, COSTA FARMS, Zhejiang Wanxiang Flowers, From You Flowers, Dummen Orange, and AdeniumRose Company are the market’s top competitors. Key development strategies, market share analysis, and market positioning analysis of the abovementioned competitors internationally are also included in the competitive landscape section.

Key Developments

• July 2020, Aldi has launched its new product line in the market. The new product line include Cereus cacti, Crassula succulent, Portulacaria succulent, etc.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of compan