What is Global Peony Market?
The Global Peony Market is a comprehensive study of the current trends, growth indicators, and market dynamics concerning the cultivation, distribution, and sale of peonies worldwide. Peonies are a type of flowering plant that are native to Asia, Europe, and Western North America. They are highly valued for their lush, full blooms and are often used in floral arrangements, gardens, and as a traditional medicinal plant in some cultures. The Global Peony Market report provides an in-depth analysis of the market size, share, growth rate, trends, and forecast from 2021 to 2026. It covers key aspects of the market including the competitive landscape, key players, market drivers, restraints, opportunities, challenges, and detailed product segmentation. The report also provides a detailed analysis of the impact of COVID-19 on the market.
Paeonia Suffruticosa, Paeonia Lactiflora in the Global Peony Market:
The Global Peony Market is segmented into two main product types: Paeonia Suffruticosa and Paeonia Lactiflora. Paeonia Suffruticosa, also known as tree peony, is a woody shrub that produces large, fragrant flowers. It is native to China and is highly valued for its ornamental qualities. On the other hand, Paeonia Lactiflora, also known as Chinese peony or common garden peony, is a herbaceous perennial that produces large, fragrant flowers in a variety of colors. It is native to central and eastern Asia and is widely cultivated for its ornamental and medicinal qualities. The report provides a detailed analysis of the market size, share, growth rate, trends, and forecast for each product type. It also provides a comprehensive analysis of the competitive landscape, key players, market drivers, restraints, opportunities, and challenges for each product type.
Domestic, Business, Others in the Global Peony Market:
The Global Peony Market is also segmented by usage into three main categories: Domestic, Business, and Others. The Domestic segment includes the use of peonies in home gardens and as cut flowers for personal use. The Business segment includes the use of peonies in commercial horticulture, floristry, and traditional medicine. The Others segment includes the use of peonies in public gardens, parks, and other public spaces. The report provides a detailed analysis of the market size, share, growth rate, trends, and forecast for each usage category. It also provides a comprehensive analysis of the competitive landscape, key players, market drivers, restraints, opportunities, and challenges for each usage category.
Global Peony Market Outlook:
The Global Peony Market outlook highlights that the market was valued at US$ 508 million in 2022 and is expected to reach US$ 639.4 million by 2029. This represents a compound annual growth rate (CAGR) of 3.3% during the forecast period from 2023 to 2029. The Netherlands is the largest market for peonies, accounting for over 15% of the global market share. The US and China are also significant markets, each accounting for over 25% of the global market share. In terms of product type, Paeonia Lactiflora is the dominant segment, accounting for over 80% of the market share.
| Report Metric | Details |
| Report Name | Peony Market |
| Accounted market size in 2022 | US$ 508 in million |
| Forecasted market size in 2029 | US$ 639.4 million |
| CAGR | 3.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Arcieri's Peonies, Kennicott, Adelman Peony Gardens, Castle Hayne Farms, Alaska Perfect Peony, Third Branch Flower, Pivoines Capano, Warmerdam Paeonia, 3 Glaciers Farm, Echo Lake Farm, Meadowburn Farm, Spring Hill Peony Farm, Joslyn Peonies, Maple Ridge Peony Farm, Chilly Root Peony Farm, Simmons Paeonies, English Peonies, Heze Peony Lotus Horticulture, Zi Peony, Shenzhou Peony, Shaoyaomiao, APEONY, GuoSeTianXiang, Yongming Flowers, Zhongchuan Peony |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
