Orange & Citrus Groves in the US - Industry Market Research Report

Orange & Citrus Groves in the US - Industry Market Research Report

  • July 2021 •
  • 41 pages •
  • Report ID: 349532 •
  • Format: PDF
Squeezed out: Import penetration and disease outbreaks continue to hamper US growers

Abstract

Orange & Citrus Groves in the US
The Orange and Citrus Groves industry’s products are among the most eaten fruits in the United States. Citrus fruits have received a boost from downstream demand as total consumption of citrus fruit rises with the growing population. However, competition from international fruit suppliers and the effects of recent diseases have been detrimental to groves’ revenue growth. Import competition has intensified over the past five years as low-cost producers in Mexico and other countries increasingly supplied less expensive fruit to downstream fruit processors, where the appearance of fruit is less important. Although US farmers have a comparative advantage in fresh fruit production by supplying high-quality, attractive fruits, improved transportation and the added luxury of eating off-season fruits contributed to growth of imports over the past five years. Over the five years to 2024, the industry is expected to grow slowly. The National Export Initiative will make exporting easier for producers. An industry effort to produce a genetically modified, disease-resistant tree may also triumph in the next few years. However, at the same time, growth will be diminished by a decrease in consumption of fruits and vegetables.

Farmers in this industry primarily grow citrus fruits, including oranges, grapefruits and lemons. Citrus fruits grown in this industry are used in downstream processing industries (e.g. juices, canned fruit) and sold as fresh fruit for final consumption. Farms are considered part of the Orange and Citrus Groves industry if at least half of their revenue is derived from growing these fruits.

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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