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Florists in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Florists Market Research Report | NAICS 45311 | Aug 2016

Out of season: Disposable income growth will spur demand, but consumers will turn to online operators

IBISWorld’s Florists market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 11-16
-0.9%
Annual Growth 16-21
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Profit
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Employment
79,410
Businesses
33,720
Industry Analysis & Industry Trends

The Florists industry has been withering away over the past five years. Poor economic conditions during the recession reduced disposable income, deterring households from making discretionary purchases on flowers and plants. In addition, heightened competition has exacerbated declining demand, as discounted prices for comparable goods online and in supermarkets have led consumers to buy fewer flowers from traditional florists... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Florists industry has entered the declining stage of its life cycle. Florists' industry value added, a measure of an industry's contribution to the US economy, is expected remain a contract at an annualized rate of 1.7% over the 10 years to 2021. Comparatively, overall GDP is anticipated to grow 2.1% over the same period. Contracting IVA amid a growing economy is highly indicative of a declining industry, reflecting its falling contribution to the overall economy. Products within this segment have remained relatively unchanged and the falling number of enterprises also indicate this industry is declining.

Increasing external competition from supermarkets and online retailers has constrained the volume of floral purchases made through local retailers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Florists Industry?

This industry retails cut flowers, floral arrangements and potted plants. Industry operators purchase these goods from domestic and international flower farms and wholesalers and sell them to the general public. This industry excludes operators that primarily function as electronic shopping websites and mail-order companies.

Industry Products
Arranged cut flowersUnarranged cut flowersPotted plantsGiftware and other
 
Industry Activities
Retailing cut flowersRetailing floral arrangementsRetailing potted plantsRetailing complimentary gift items


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