Industry Analysis & Industry Trends
The Fruit and Vegetable Wholesaling industry generally experiences a low level of revenue volatility as fruit and vegetable consumption does not fluctuate much on an annual basis. Industry revenue is primarily dependent on market prices of fruits and vegetables. Over the past five years, household disposable income has increased, causing consumers to increase purchases of fresh produce from grocery stores and eat out more often. Overall, revenue is anticipated to increase at an annualized rate of 2.0% to $91.8 billion over the five years to 2017... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Fruit and Vegetables Wholesaling industry is forecast to grow at a slower rate than the overall economy during the 10 years to 2022. IBISWorld estimates the industry's contribution to the overall economy, as measured by industry value added (IVA), will increase an annualized 1.4% during the 10-year period. Comparatively, US GDP is forecast to rise at an average rate of 2.0%. This is because the industry is in the mature stage of its life cycle, characterized by a saturated market with little room for product innovation.
Fruit and vegetables have strong market acceptance, which is common in mature industries, because they are staple items in downstream industries and consumers' households. Whi.. purchase to read more