Bearing fruit: A modest rise in revenue will occur, as health-conscious people consume more fruit
Fruit & Nut Farming in the US
During the recession, demand sank due to lower income levels and consumers purchasing canned or processed fruit to save money. However, the industry is on the road to recovery, with consumers projected to purchase higher-priced fresh fruits because of the health value. Additionally, international trade will be a significant market for operators, with imports and exports increasing substantially over the next five years.
Farmers in this industry grow nuts, such as almonds and peanuts, as well as fruits, such as apples, berries, grapes and other non-citrus fruits. Operators 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.