Farm fresh: Continued advancements in transportation technology will help drive revenue growth

While Fruit and Nut Farming revenue stagnated over the five years to 2018, its size in terms of production fell toward the end of the period due to the drought in California. Nevertheless, it is difficult to enter or exit the industry because most fruit and nut trees require up to four years of growth before reaching bearing age. As a result, most fruit and nut farmers remain in the industry for multiple years. The United States is one of the largest growers of tree nuts, and demand for these specific products is expected to grow. IBISWorld anticipates industry revenue will rise over the next five years to 2023. Continued advancements in transportation technology will extend the reach of high-quality, high-value domestically grown fruit in the global market...purchase to read more.

Industry Statistics & Market Size
Revenue
$31bn
Annual Growth 13-18
-2.0%
Forecast Growth 18-23
Profit
Employment
261,171
Businesses
87,845
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The US is one of the largest growers of tree nuts globally, and demand is expected to grow
  • Government programs have contributed to purchases of industry products
  • Consumers will be more inclined to purchase higher priced fresh fruits rather than processed varieties
  • Industry Report - Industry Key Buyers Chapter

    The majority of farmers, including those growing fruits and nuts, are small- to medium-sized enterprises. On the other end of the spectrum, the industry is characterized by a handful of large scale commercial farms, which dominate industry revenue and acreage. Even so, production value is dispersed such that no single farm receives a large proportion of the industry's total revenue. The distribution of employment is linked closely to production values, with the few commercial mega-farms employing the vast majority of laborers.In an effort to consolidate this dispersed market power, farmers commonly pool their resources to farm cooperatives. These organizations act on behalf of their members to improve demand and returns, often through marketing and promotional activities. Add...purchase to read more.

    Additional Insights for the Fruit & Nut Farming Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fruit & Nut Farming Industry are

  • Economies of scale
  • Production of premium goods
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Price of fruit and Demand from canned fruit and vegetable processing in the Fruit & Nut Farming industry impact industry performance..

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    What's in this report

    What is the Fruit & Nut Farming Industry?

    Farmers in this industry grow nuts such as almonds and peanuts, as well as fruits like apples, berries, grapes and other noncitrus goods. Operators in this industry sell their crops to downstream processors and fresh produce wholesalers and retailers.

    Industry Products
  • Grapes
  • Almonds
  • Apples
  • Pecans and walnuts
  • Strawberries
  • Peanuts
  • Cherries, blueberries and cranberries
  • Industry Activities
  • Growing grapes
  • Growing berries
  • Growing apples
  • Growing almonds
  • Growing peanuts
  • Growing pecans and walnuts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Price of fruit
  • Demand from canned fruit and vegetable processing
  • Demand from wineries
  • Per capita fruit and vegetable consumption
  • Population
  • Trade-weighted index

  • Current Performance
  • International trade
  • Government support
  • Industry characteristics
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthy habits
  • Improved production
  • Trade and participation
  • Table: Fruit & Nut Farming Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fruit & Nut Farming Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Canned Fruit & Vegetable Processing
  • Snack Food Production
  • Wineries
  • Fruit & Vegetable Wholesaling
  • Supermarkets & Grocery Stores
  • Single Location Full-Service Restaurants

  • Key Selling Industries
  • Crop Services
  • Farm, Lawn & Garden Equipment Wholesaling
  • Fertilizer Manufacturing
  • Pesticide Manufacturing
  • Water Supply & Irrigation Systems

  • Products & Services
  • Grapes
  • Almonds
  • Other
  • Apples
  • Strawberries
  • Pecans and walnuts
  • Cherries, blueberries and cranberries
  • Peanuts
  • Chart: Fruit & Nut Farming Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Processors
  • Fresh fruit markets and supermarkets
  • Wine manufacturers
  • Other
  • Chart: Major Market Segmentation for the Fruit & Nut Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationRent and UtilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Fruit & Nut Farming

  • Basis of Competition
    Production costsQualityVarietyBrandingReliability and supply contractsExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fruit & Nut Farming Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fruit & Nut Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fruit & Nut Farming Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Production of Noncitrus Fruit (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Bearing Acreage
  • The total area that is harvested each year, which is different from the total area of farms (that may be used for other purposes) and total planting area.
  • Cooperative (Co-Op)
  • An association of trade professionals who are united voluntarily to meet a common economic goal.
  • Genetically Modified (Gm)
  • A technique where specific changes are introduced into a plant or animal's DNA by genetic engineering techniques. The most common modified foods include soybeans, corn and canola.
  • Organic Farming
  • Farming that does not involve the use of artificial chemicals, pesticides, fertilizers or genetically modified organisms.
  • Spot Market
  • A market in which a commodity is bought or sold for immediate delivery or delivery in the very near future.
  • Taproot
  • The main root of a plant, growing straight down from the stem into the earth.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Fruit & Nut Farming can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fruit & Nut Farming:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fruit & Nut Farming market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fruit & Nut Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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