Florists in Canada - Industry Market Research Report
Description
Florists in Canada
Revenue for Canadian florists has grown alongside strong economic growth following the pandemic. Consumers are increasingly opting to purchase flowers from retailers that are not included in the industry, like e-commerce retailers and supermarkets which offer convenience and lower prices. Growth in per capita disposable income and consumer spending has fuelled a jump in revenue, as consumer willingness to spend on discretionary goods has increased. As a result, revenue is expected to grow at a CAGR of 5.0% to $1.5 billion through the end of 2023, including growth of 2.1% in 2023 alone when profit will account for 6.1% of revenue.
The Florists industry in Canada retails cut flowers, floral arrangements and potted plants. Industry operators purchase these goods from domestic and international flower farms and wholesalers and then sell them to the general public. This industry excludes e-commerce and mail-order florists.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Revenue for Canadian florists has grown alongside strong economic growth following the pandemic. Consumers are increasingly opting to purchase flowers from retailers that are not included in the industry, like e-commerce retailers and supermarkets which offer convenience and lower prices. Growth in per capita disposable income and consumer spending has fuelled a jump in revenue, as consumer willingness to spend on discretionary goods has increased. As a result, revenue is expected to grow at a CAGR of 5.0% to $1.5 billion through the end of 2023, including growth of 2.1% in 2023 alone when profit will account for 6.1% of revenue.
The Florists industry in Canada retails cut flowers, floral arrangements and potted plants. Industry operators purchase these goods from domestic and international flower farms and wholesalers and then sell them to the general public. This industry excludes e-commerce and mail-order florists.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
34 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
