$29.6bn
$X.Xbn
182k
83,049
$X.Xbn
Although fruit and nut farms benefited from increased demand from wineries and exports, downward pressure due to supply chain disruptions caused by the COVID-19 pandemic and Russia's invasion of Ukraine have greatly impacted revenue growth. These supply chain disruptions have resulted in significant revenue swings, as supply changes have caused fruit price volatility. Fruit and nut farming revenue had been declining for most of the past five years, but a projected surge in the price of fruit is expected to drive revenue growth in 2024. Industry revenue has increased at a CAGR of 0.7% to $29.6 billion over the last five years, driven mainly by an expected 25.4% increase in 2024 alone.
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $29.6bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($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 the US industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Grapes, Almonds and Apples. Grapes is the largest segment of the Fruit & Nut Farming in the US.
The robust Wineries industry provides constant demand for grapes
Farmers in this industry grow nuts, such as almonds and macadamia nuts, as well as fruits excluding citrus, such as apples, berries, grapes and others. Operators in this industry sell their crops to downstream processors and fresh produce wholesalers and retailers. This industry does not include peanuts (IBISWorld Report 11199).
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NAICS 111331 - Fruit & Nut Farming in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Exports continue to be the main source of revenue. Despite COVID-19 and Russia's invasion of Ukraine, thanks to advancements in transportation and supply chain management tec...
Learn about an industry's products and services, markets and trends in international trade.
The US is a top nut producer and a key almonds and canned fruit exporter. Almonds and canned fruit are significant products in the country's export industry, contributing to ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Regions with favorable weather have the most farms. California is the country's leading producer of grapes, strawberries, peaches, nectarines and kiwi fruit.
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.
Farms with lower production costs have a competitive edge. This highlights the importance of cost efficiency in maintaining a sustainable and thriving agricultural operation....
Learn about the performance of the top companies in the industry.
There are no major players in this industry due to the segmented nature of this industry.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Production of most fruits and nuts is sensitive to climate. Warmer growing season temperatures mean greater crop water requirements, with the potential to affect yield and pr...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Farmers rely on labor to maintain the desirable appearance of certain fruits for retail. This dependence highlights the necessity for efficient and cost-effective agricultura...
Including values and annual change:
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Key data sources in the US 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:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Fruit & Nut Farming in the US industry in United States is $29.6bn in 2024.
There are 83,049 businesses in the Fruit & Nut Farming in the US industry in United States, which has declined at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Fruit & Nut Farming in the US industry in United States has been growing at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Fruit & Nut Farming in the US industry in United States is expected to decline.
Growing grapes and Growing berries are part of the Fruit & Nut Farming in the US industry.
The level of competition is high and increasing in the Fruit & Nut Farming in the US industry in United States.