Global Peony Market Growth 2023-2029

Global Peony Market Growth 2023-2029

Product Code:454503

Published Date: Feb 08,2023

Pages: 126

Region: Global

Category: Agriculture

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Peony is a flowering plant in the genus Paeonia, the only genus in the family Paeoniaceae. Peony varieties with huge, double flowers will be the focal point of the garden when they bloom in early summer. Single-flowered types are more subtle and combine well with other perennials. Flower colors include pink, red, white, and yellow, and the plants grow 18 inches to 3 feet tall, depending on the variety. Peonies make an attractive low hedge. However, they can take up to 3 years to mature, and don't perform well in hot summer climates.

LPI (LP Information)' newest research report, the “Peony Industry Forecast” looks at past sales and reviews total world Peony sales in 2022, providing a comprehensive analysis by region and market sector of projected Peony sales for 2023 through 2029. With Peony sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Peony industry.

This Insight Report provides a comprehensive analysis of the global Peony landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Peony portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Peony market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Peony and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Peony.

The global Peony market size is projected to grow from US$ 497 million in 2022 to US$ 629 million in 2029; it is expected to grow at a CAGR of 629 from 2023 to 2029.

Global Peony key players include Heze Peony Lotus Horticulture, Zi Peony, Shenzhou Peony, Arcieri's Peonies, Shaoyaomiao, etc.

Netherlands is the largest market, with a share over 15%, followed by US and China, both have a share over 25%. 
In terms of product, Paeonia Lactiflora is the largest segment, with a share over 80%. And in terms of application, the largest application is Domestic, followed by Business, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Peony market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Paeonia Suffruticosa
    Paeonia Lactiflora

Segmentation by application
    Domestic
    Business
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Peony market?
What factors are driving Peony market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Peony market opportunities vary by end market size?
How does Peony break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?