$4.5bn
$XX.Xm
14,966
2,146
$XXX.Xm
Despite rising national fruit and vegetable consumption, industry retailers have faced difficult trading conditions over the past five years. Fierce price competition from the major supermarkets, Woolworths, Coles, Aldi and Costco, has constrained industry revenue growth over the period. However, rising demand for higher value products, such as organic fruit and vegetables, has provided some support for industry operators. Industry revenue is expected to decline at an annualised 0.8% over the five years through 2023-24, to $4.5 billion. This trend includes an expected drop of 2.7% in 2023-24. Recent declines have been driven by ballooning cost-of-living pressures that have seen consumers, particularly those in lower income brackets, curtail spending on premium products.Industry purchase costs have increased over the past five years, as fruit and vegetable prices at the farmgate level have risen. In particular, bushfires and the COVID-19 pandemic disrupted harvests in 2019-20, while Hurricane Niran damaged farmlands in March 2021, which caused fruit and vegetable prices to jump. Rising competition from the Supermarkets and Grocery Stores industry has limited industry operators' ability to pass on cost increases to consumers in full, which has reduced industry profitability over the past decade. Many operators have become unprofitable and exited the industry over the period, causing industry enterprise numbers to decline.Cost of living pressures are projected to suppress growth in consumption of fruit and vegetables, limiting industry revenue growth. Meanwhile, pressure from the major supermarkets is forecast to remain intense, particularly as Woolworths and Coles continue expanding their range of organic and premium fruit and vegetable options. Industry profitability is likely to fall further over the next five years, with many underperforming companies projected to leave the industry. Overall, industry revenue is forecast to rise at a sluggish annualised rate of 0.5% over the five years through 2028-29, to $4.6 billion.
Industry revenue has declined at a CAGR of 0.8 % over the past five years, to reach an estimated $4.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 |
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There are no companies that hold a large enough market share in the Fruit and Vegetable Retailing in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Potatoes and root vegetables, Tomatoes and Other vegetables. Potatoes and root vegetables is the largest segment of the Fruit and Vegetable Retailing in Australia.
Potatoes and root vegetables – fresh and manufactured – are blossoming in popularity
Industry operators primarily retail fresh fruit and vegetables.
Purchase this report to view all major companies in this industry.
ANZSIC 4122 - Fruit and Vegetable Retailing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Industry firms have struggled to maintain profit margins amid rising input prices and fierce price competition. Retailers have not been able to fully pass on rising input cos...
Learn about an industry's products and services, markets and trends in international trade.
Cost-of-living pressures have reduced spending among the lowest income quintiles. All income earners have seen inflation outpace wages and payments. Additionally, middle-inco...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
As retail businesses, firms in the industry are positioned according to population distribution. All states and territories' number of enterprises are roughly aligned with th...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Market share concentration in the industry is consistently low despite the opportunity for economies of scale. Firms that consolidate market share tend to diversify into othe...
Learn about the performance of the top companies in the industry.
While the industry benefits from economies of scale, firms that consolidate market share usually branch out to other industries. The industry has no major players, larger fru...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Consumption of fruit and vegetables has grown steadily despite cost-of-living concerns. Consumption of fruit and vegetables tends to be resilient to income shocks, as these f...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The COVID-19 pandemic disrupted domestic harvest and global supply chains, contributing to rising vegetable prices. Industry retailers have had to largely absorb these costs ...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Fruit and Vegetable Retailing industry in Australia is $4.5bn in 2024.
There are 2,146 businesses in the Fruit and Vegetable Retailing industry in Australia, which has declined at a CAGR of 2.8 % between 2019 and 2024.
The market size of the Fruit and Vegetable Retailing industry in Australia has been declining at a CAGR of 0.8 % between 2019 and 2024.
Over the next five years, the Fruit and Vegetable Retailing industry in Australia is expected to grow.
Potatoes and root vegetables and Tomatoes are part of the Fruit and Vegetable Retailing industry.
The level of competition is high and increasing in the Fruit and Vegetable Retailing industry in Australia.