$2.5bn
$XXX.Xm
11,889
4,049
$XXX.Xm
The Fruit and Nut Farming industry in Canada has demonstrated robust growth over the past five years, with revenue increasing at a CAGR of 4.7% to $2.5 billion during this period, including an increase of 1.3% in 2024 alone. Meanwhile, average industry profit, measured as earning before interest and taxes, has expanded to comprise 18.8% of revenue in 2024, up from 14.6% in 2019. The growth has been largely driven by inflation leading to higher food prices, which in turn has resulted in higher revenue and profit for farmers. Furthermore, the industry has been buoyed by the adoption of new technological innovations such as precision agriculture technology, which has created efficiencies for farmers and improved productivity.
Industry revenue has grown at a CAGR of 4.7 % over the past five years, to reach an estimated $2.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
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There are no companies that hold a large enough market share in the Fruit & Nut Farming in Canada industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Apples, Blueberries and Grapes. Apples is the largest segment of the Fruit & Nut Farming in Canada.
Apples lead the pack in terms of sales
Fruit and nut farmers in Canada grow fruits such as apples, pears, berries and grapes, along with nuts such as walnuts, chestnuts and hazelnuts. Companies sell their crops to downstream processors, fresh produce wholesalers and retailers or export them to foreign destinations. Oranges and other citrus are not included in this industry.
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NAICS 111330 - Fruit & Nut Farming in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Consumer demand for organic and sustainable produce is rising. This trend is driving more Canadian fruit and nut farmers to adopt organic methods, which not only meet consume...
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Supermarkets are driving demand for healthy, organic produce. This shift is encouraging Canadian fruit and nut farmers to adopt more environmentally friendly farming practice...
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British Columbia's optimal climate and supportive policies create a thriving environment for fruit and nut farming. Warm summers, mild winters, rich soil and government suppo...
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.
New entrants in the Canadian fruit and nut farming industry face significant initial investments in land, equipment and trees. This extends the payback period, increasing fin...
Learn about the performance of the top companies in the industry.
The fruit and nut farming industry in Canada lacks a leading company due to its fragmented market structure. Numerous small and medium-sized farms operate independently, maki...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Various Canadian government programs provide financial and resource support to the fruit and nut farming sector. These initiatives, such as the AgriInnovate and AgriStability...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Market conditions and operational efficiency significantly affect Canada's fruit and nut farming industry profitability. Fluctuating market prices, weather conditions and con...
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Fruit & Nut Farming industry in Canada is $2.5bn in 2024.
There are 4,049 businesses in the Fruit & Nut Farming industry in Canada, which has grown at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Fruit & Nut Farming industry in Canada has been growing at a CAGR of 4.7 % between 2019 and 2024.
Over the next five years, the Fruit & Nut Farming industry in Canada is expected to grow.
Farming apples and Farming blueberries are part of the Fruit & Nut Farming industry.
The level of competition is high and steady in the Fruit & Nut Farming industry in Canada.