$143.7bn
$X.Xbn
126k
8,926
$X.Xbn
The Fruit and Vegetable Wholesaling industry has experienced moderate revenue growth over the past five years. Wholesalers engaged in the distribution of fresh fruits and vegetables. Revenue is dependent on the market prices of fruits and vegetables in addition to the ability of consumers to spend their incomes at grocery stores and restaurants. Increased per capita disposable income has permitted consumers to purchase more fresh produce from grocery stores and visit restaurants more frequently. Consequentially, demand from downstream industries has grown for much of the period, driving revenue growth for wholesalers. As the economy has reopened, this industry has bounced back significantly, resulting in revenue growing at a CAGR of 4.5% through the end of 2024 to $143.7 billion, including a growth of 19.1% in 2024 alone.
Industry revenue has grown at a CAGR of 4.5 % over the past five years, to reach an estimated $143.7bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Sysco Corporation | 5,640.5 | 271.1 | 4.8 |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Vegetables, Fruits and Other products. Vegetables is the largest segment of the Fruit & Vegetable Wholesaling in the US.
Fruits' share of revenue remained afloat
Industry operators wholesale a range of fresh fruits and vegetables to supermarkets, delis, restaurants, cafes and institutions such as hospitals and retirement homes. This industry does not include fruit and vegetable processing.
Purchase this report to view all 1 major companies in this industry.
NAICS 42448 - Fruit & Vegetable Wholesaling 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.
Technological advancements have enhanced supply chain efficiency and transparency. These technologies allow wholesalers to optimize inventory management, reduce waste and ens...
Learn about an industry's products and services, markets and trends in international trade.
Fruit sales continue to support the wholesale industry. Apples and bananas are the most popular fruits, and innovations in the produce production industry and globalization h...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Coastal states play a crucial role in industry exports. California is a significant center of the wholesale industry because of its proximity to Mexico, a key importer of goo...
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.
Internal competition has led to innovation. Innovations in maintaining produce freshness characterize internal competition. Also, labor-intensive produce preparation options ...
Learn about the performance of the top companies in the industry.
Industry leaders have diverse options. Leading wholesalers offer much more than just fruits and vegetables. Sysco and US Foods, the two most prominent companies in the indust...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is beset by heavy regulation at the federal and state levels. The Food and Drug Administration (FDA) outlines standards for growing, transporting and selling pro...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the most significant industry expense. Over the past five years, the volatile prices of fresh fruit and vegetables have made profitability difficult.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Fruit & Vegetable Wholesaling in the US industry in United States is $143.7bn in 2024.
There are 8,926 businesses in the Fruit & Vegetable Wholesaling in the US industry in United States, which has grown at a CAGR of 2.3 % between 2019 and 2024.
The market size of the Fruit & Vegetable Wholesaling in the US industry in United States has been growing at a CAGR of 4.5 % between 2019 and 2024.
Over the next five years, the Fruit & Vegetable Wholesaling in the US industry in United States is expected to decline.
The biggest company operating in the Fruit & Vegetable Wholesaling market in United States is Sysco Corporation
Fresh fruit wholesaling and Fresh vegetable wholesaling are part of the Fruit & Vegetable Wholesaling in the US industry.
The company holding the most market share in United States is Sysco Corporation.
The level of competition is high and steady in the Fruit & Vegetable Wholesaling in the US industry in United States.