$7.2bn
$XXX.Xm
33,640
14,283
$XXX.Xm
Companies in the fruit and vegetable markets industry tend to be minor, local vendors that sell fruit, vegetables, meat, dairy and various frozen products, which are predominantly sold to households and individuals. Industry revenue has risen at a CAGR of 4.3% over the five years to 2024 to reach an estimated $7.2 billion in 2024 when revenue is expected to increase by 7.7%. While per capita consumption of fruits and vegetables has declined during the same period, the prices of key products have climbed, facilitating industry growth.
Industry revenue has grown at a CAGR of 4.3 % over the past five years, to reach an estimated $7.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($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 & Vegetable Markets in the US industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Vegetables, Fruit and Food dry goods and other foods purchased for future consumption. Vegetables is the largest segment of the Fruit & Vegetable Markets in the US.
Vegetables represent the largest segment
Fruit and vegetable vendors sell a variety of produce, meats and other items through stands, farmers’ markets and retail locations where products are sold directly to the public. The industry’s permanent stands and markets are small and individually owned. This unique industry generates revenue from the sale of fruits and vegetables.
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NAICS 44523 - Fruit & Vegetable Markets 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.
Swelling fruit and vegetable prices have driven industry revenue growth over the past five years. This has been dampened by a slight drop in per capita fruit and vegetable co...
Learn about an industry's products and services, markets and trends in international trade.
The price of fruits and vegetables has risen in recent years. This has driven down consumption, particularly among low-income individuals.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Mid-Atlantic region is home to the largest share of industry establishments. The region is home to major population centers, including New York City and Philadelphia.
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.
The industry endures competition from supermarkets, grocery stores and convenience stores. These competitors often have access to larger supply chains.
Learn about the performance of the top companies in the industry.
There are no major companies in the industry. The largest players are groups of associated farmer's markets, typically in major cities.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
In order to operate, fruit and vegetable retailers must comply with regulations. For example, these markets must obtain necessary permits and successfully pass mandatory insp...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit for fruit and vegetable markets is expected to remain stable over the five years to 2024 because of their status as staple food items. Despite post-pandemic behavioral...
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:
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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 & Vegetable Markets in the US industry in United States is $7.2bn in 2024.
There are 14,283 businesses in the Fruit & Vegetable Markets in the US industry in United States, which has grown at a CAGR of 3.7 % between 2019 and 2024.
The market size of the Fruit & Vegetable Markets in the US industry in United States has been growing at a CAGR of 4.3 % between 2019 and 2024.
Over the next five years, the Fruit & Vegetable Markets in the US industry in United States is expected to grow.
Operating permanent fruit and vegetable stands and Operating produce markets are part of the Fruit & Vegetable Markets in the US industry.
The level of competition is high and increasing in the Fruit & Vegetable Markets in the US industry in United States.