Fruit & Vegetable Wholesaling in the US
Over the five years to 2018, household disposable income has increased, causing consumers to increase purchases of fresh produce from grocery stores and to eat out more often. Therefore, demand from downstream industries has increased, driving revenue growth. Overall, revenue is anticipated to increase at an annualized rate of 1.5% to $89.1 billion over the five years to 2018, including a 0.9% increase in 2018. Moving forward, industry revenue will continue to be driven by increasing fruit and vegetable prices, as well as rising disposable income levels in the United States. Over the five years to 2023, IBISWorld expects industry revenue to grow an annualized 1.4% to $95.4 billion. Improving spending power of consumers will enable industry operators to keep prices high.
Industry operators wholesale a range of fresh fruit and vegetables to supermarkets, delis, restaurants, cafes and institutions such as hospitals and retirement homes. This industry does not include fruit and vegetable processing.
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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