Fruit & Nut Farming in the US - Industry Market Research Report

Fruit & Nut Farming in the US - Industry Market Research Report

  • April 2020 •
  • 37 pages •
  • Report ID: 198539 •
  • Format: PDF
Farm fresh: Continued advancements in transportation technology will help drive revenue growth

Abstract

Fruit & Nut Farming in the US
The economic output of the Fruit and Nut Farming industry, which excludes citrus fruits, has declined over the five years to 2019. While industry revenue declined over the past five years, its size in terms of production increased marginally given more favorable weather conditions in recent years. However, changes in industry operations occur on a marginal and lagging basis as agricultural operations often receive government subsidies during periods of low prices. Industry revenue is anticipated to rebound over the five years to 2024 due to increasing demand for higher margin products, such as almonds and pistachios, and strong retail prices for fruit. In addition, continued advancements in transportation technology are expected to extend the reach of high-quality, high-value domestically grown fruit in the global market.

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

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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