First Research US Industry Profile

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Fresh Produce Wholesalers
SIC Codes: 5148
NAICS Codes: 42448
Last Quarterly Update: 5/24/2021
Companies in this industry distribute fresh fruits, vegetables, spices, and herbs. Major companies include Caito Foods, Coast Citrus Distributors, FreshPoint, and Tom Lange Company (all based in the US), as well as Fyffes and Total Produce (both in Ireland), Fresh Produce Group (Australia), IG International Pvt Ltd (India), Oppy (Canada), and Tokyo Seika (Japan). Vertically integrated fruit and vegetable producers such as Chiquita, Del Monte Foods, and Dole have major global distribution operations.
The global revenue of fresh vegetables amounts to about $630 billion in 2021 and forecast to grow annually at a 3.3% compound annual growth rate (CAGR) within the 2021-2025 forecast period. On the other hand, the global revenue of fresh fruits amounts to about $560 billion in 2021 with a 3.51% CAGR within the 2021-2025 forecast period, according to Statista. Increased global trade in fruits and vegetables creates opportunities for fresh produce distributors. The US dominates the international trade of fruits and vegetables, accounting for about 18% of the $40 billion fresh produce world trade, according to the Food Agricultural Organization of the United Nations (FAO). Crop output forecast to be 70% higher in 2030 than the current output. Major suppliers in the international trade of fresh fruit commodities include Chile, South Africa, and New Zealand.
The US fresh produce wholesalers industry includes about 5,000 establishments (single-location companies or units of multi-location companies) that generate annual revenue of about $90 billion.
Competitive Landscape
Demand is driven by consumption of fruits and vegetables. Profitability depends on maintaining a high quality and varied selection of produce and on efficient operations. Larger distributors benefit from economies of scale in purchasing and transportation. Smaller companies may compete by specializing in certain products, such as tropical fruits or organic products, or by focusing on a geographical area. The US industry is fragmented: the 50 largest companies account for about 40% of industry revenue.
Produce cooperatives, in which growers work together to process and distribute their products, compete with traditional distributors. Major retailers or food service contractors may choose to deal directly with growers, bypassing distributors.
Products, Operations & Technology
Distributors' main operations involve getting fruit and vegetables from producers to customers, which include food retailers and food service providers. ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
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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)

02/15/2021
12/28/2020
11/23/2020
10/19/2020
08/24/2020
11/04/2019
05/06/2019
02/04/2019
10/29/2018
07/30/2018
04/23/2018
01/22/2018
10/16/2017
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10/10/2016
07/11/2016
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01/11/2016
10/05/2015
07/06/2015
04/06/2015
01/12/2015
10/13/2014
07/21/2014
04/28/2014
02/03/2014
10/28/2013
08/05/2013
05/13/2013
02/18/2013
11/12/2012
08/20/2012
06/04/2012
03/12/2012
11/21/2011
08/22/2011
05/16/2011
02/14/2011