Global Orchid research report showing compound7

Global
Orchid research report showing compound annual growth rate and forecast till 2027

The Global Orchid Market is defined with the presence of myriad competitors, which has given rise
to a highly competitive vendor scenario to exist. All The Research has
announced the addition of a new report titled, ‘Global Orchid Market’ to its
vast database of research reports. With the penetration of new market
participants on a regular basis, the global market is likely to witness an
exceedingly heightened competition during the forecast period.

According to the research analysts
from All The Research, the global market is expected to be worth USD 8,438.4 Million
by the end of 2027, which is a highly decent growth to the previous revenue
worth USD XX Million listed in 2016. This growth is projected to happen at a
CAGR of 3.3% over the assessment period, 2016-2027.

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The Global Orchid Market research
report will mark the analysis of all the segments with the market information
over the approaching years, the data on previous years, present market size,
CAGR, aggregate market share and market forecast by all segments, by region, as
well as the SWOT analysis for the market, industry trends, competitive
analysis, and qualitative and quantitative data with regards to the market.

Most of the players operating in the
market are expected to expand their presence by concentrating on product diversification
and development, accordingly making them acquire a leading share of the market.
Expansion in emerging countries to elevate growth and increase product sales is
also considered to be one of the major strategies implemented by the majority
of players functioning in the global Orchid market. This is chiefly due to the
untapped potentials present in the emerging economies, in terms of product pricing
and revenue generation.

Some of the leading competitors
functioning in this market are:

Burnham Nurseries Ltd, Sun Bulb
Company, Inc., Kawamoto Orchid Nursery, Orchids by Hausermann, Cal-Orchid Inc.,
Odom's Orchids, Al's Orchid Greenhouse, Waldor Orchids, Gubler Orchids, Ter
Laak Orchids, among others

Global Orchid Market Product Type Outlook (Revenue, USD Million,
2021-2027)

·        
Phalaenopsis
Orchid

·        
Cattleya
Orchid

·        
Vanda
Orchid

·        
Paphiopedilum
Orchid

·        
Miltonia
Orchid

·        
Others

Global Orchid Market Product Application Outlook (Revenue, USD Million,
2021-2027)

·        
Garden

·        
Cosmetic

·        
Herbal
Medicine

Orchid Market Key Findings:

·        
Based on the product type, Cattleya Orchid
market shown the has shown a high growth rate in the global orchid market and
is expected to grow with a CAGR of 5.6% in the forecast period.

·        
Based on application, Cosmetic application holds
the largest share in the orchid market and was valued at US$ 1,598.3 Mn in 2020

·        
Based on region, North America holds the largest
share in global orchid market and is expected to show a significant growth rate
of CAGR 4.8%.

·        
Based on region, Asia Pacific has shown a high
growth rate and is expected to show  a
growth rate of CAGR 5.1% by 2027