First Research US Industry Profile

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Fruit & Tree Nut Farming
SIC Codes: 0173, 0174, 0175, 0179
NAICS Codes: 1113
Last Quarterly Update: 4/8/2019
Companies in this industry grow fruits and tree nuts for commercial production. Major companies include Chiquita Brands, Dole Food Company, Fresh Del Monte Produce, almond cooperative Blue Diamond Growers, the National Grape Cooperative and its Welch's subsidiary, Ocean Spray, and Tropicana, all based in the US.
Worldwide, about 900 million tonnes of fruit and nut crops are produced each year. Apples, bananas, pears, watermelon, almonds, Brazil nuts, and cashews are the most produced crops. China and India are the world's leading growers, according to the Food and Agriculture Organization of the United Nations (FAO).
The US fruit and tree nut farming industry includes about 105,000 farms with combined annual revenue of about $28 billion. Separate industry profiles cover Vegetable & Melon Farming and Fruit & Vegetable Processing.
Competitive Landscape
Demand is driven by US population growth and consumer trends in food consumption. The profitability of individual companies depends on maximizing crop yield and minimizing risk of disease. Large companies and farm cooperatives have advantages in highly mechanized operations, branded food products, and access to low-cost labor. Small operations can compete effectively by specializing in agritourism as well as organic, heirloom, or unusual fruits and nuts. The US industry is concentrated: the top 8% of farms generate about 75% of revenue.
The fruit and nut industry competes with grain, vegetable, and melon farming for crop acreage, as farmers tend to plant and harvest crops with the highest yield and payout.
Products, Operations & Technology
Major US products include grapes (22% of industry revenue), almonds (18%) and apples (12%). Other leading products include strawberries (8%) and oranges ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

01/07/2019
10/01/2018
07/02/2018
04/02/2018
01/01/2018
09/25/2017
06/26/2017
03/27/2017
12/19/2016
09/19/2016
06/20/2016
03/21/2016
12/14/2015
09/14/2015
06/15/2015
03/16/2015
12/15/2014
09/22/2014
06/23/2014
03/31/2014
01/06/2014
09/30/2013
07/08/2013
04/15/2013
01/21/2013
10/15/2012
07/30/2012
05/07/2012
02/06/2012
10/24/2011
07/25/2011
04/11/2011
01/03/2011
09/27/2010
06/28/2010
03/29/2010