PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1794777
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1794777
Global Succulent Plants Market to Reach US$7.8 Billion by 2030
The global market for Succulent Plants estimated at US$4.4 Billion in the year 2024, is expected to reach US$7.8 Billion by 2030, growing at a CAGR of 9.8% over the analysis period 2024-2030. Cactaceae Succulent Plants, one of the segments analyzed in the report, is expected to record a 8.1% CAGR and reach US$3.3 Billion by the end of the analysis period. Growth in the Crassulaceae Succulent Plants segment is estimated at 11.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 13.2% CAGR
The Succulent Plants market in the U.S. is estimated at US$1.2 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 13.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.2% and 8.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR.
Global Succulent Plants Market - Key Trends & Drivers Summarized
What’s Driving the Popularity of Succulent Plants Among Consumers?
Succulents-a diverse group of drought-tolerant, water-storing plants-have surged in popularity due to their low maintenance, wide aesthetic appeal, and adaptability to indoor and outdoor environments. With urban dwellers seeking green decor, these hardy plants fit small spaces, grow in varied containers, and thrive under inconsistent watering. Their appeal extends into corporate gifting, event decor, wellness boutiques, and gardening alike-amplified by houseplant trend cycles on social media.
Are Design and Eco-Value Innovations Spreading the Appeal?
Yes. Innovations include terrarium kits, living wall installations, succulent gift boxes, and embellishments like moss mats or pebble gardens. Variegated morphs, rare cultivars, and hybrid species are being offered for boutique collections. Sustainability is also key-customers prefer succulents delivered in biodegradable pots or recycled planters, often as part of reusable potting sets. Collaboration with influencers has spawned viral presentations and care instruction series, reducing barriers to adoption among first-time plant parents.
Why Are Succulents Top Choice for Variety of Spaces?
Succulents are ideal for offices, dorms, windowsills, and homes due to their minimal light and water needs. They are often used to improve indoor air quality or as micro-gardens. For gardeners in arid regions, succulents provide water-saving landscaping solutions that offer both aesthetic and environmental benefits. Moreover, compact succulents double as desk accessories or decorative centerpieces in cafes, events, and retail stores-reinforcing their decorative and commercial significance.
What’s Powering Growth in the Succulent Plants Market?
Growth is fueled by urban horticulture trends, environmental consciousness, and accessible pricing. Propagation via leaf cuttings and pup separation keeps costs low, enabling widespread retail adoption. Social media and influencer marketing boosts the curated aesthetic of curated plant collections. Finally, wellness messaging-plants relieving stress and improving indoor conditions-adds to their mass appeal.
SCOPE OF STUDY:
The report analyzes the Succulent Plants market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Plant Type (Cactaceae Succulent Plants, Crassulaceae Succulent Plants, Aizoaceae Succulent Plants, Other Succulent Plant Types)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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