Overview and Scope
A fruit is a fleshy or dry ripened ovary of a flowering plant that contains the seed. Fruit farming is a type of farming in which farmers primarily grow fruit crops for domestic, industrial, or commercial purposes. Nuts refer to dry, single-seeded fruits with high oil content. Nut farming is defined as the cultivation of plants that produce nuts.
Sizing and Forecast
The fruit and nut farming market size has grown rapidly in recent years. It will grow from $1194.23 billion in 2023 to $1316.62 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to consumer demand for fresh produce, export opportunities, global population growth, health and nutrition awareness, advancements in farming technologies.
The fruit and nut farming market size is expected to see strong growth in the next few years. It will grow to $1880.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to sustainability and organic farming, climate change adaptation, development and adoption of new fruit and nut varieties, traceability and food safety, global market expansion. Major trends in the forecast period include superfoods, urban and vertical farming, value-added product, pest management alternatives, direct-to-consumer sales.
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Segmentation & Regional Insights
The fruit and nut farming market covered in this report is segmented –
1) By Type: Orange Groves, Citrus Groves, Noncitrus Fruit And Tree Nut Farming
2) By Farming Process: Organic Fruit And Nut Farming, Traditional Farming
3) By Application: Hypermarkets Or Supermarkets, Convenience Stores, Other Applications
Asia-Pacific was the largest region in the fruit and nut farming market in 2023. Western Europe was the second-largest region in the fruit and nut farming market. The regions covered in the fruit and nut farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The rising crop production is expected to propel the growth of the fruit and nut farming market going forward. Crop production refers to the process of growing and cultivating crops, for various purposes such as human and animal consumption. Crop production is boosting fruit and nut farming through increased demand, technological advancements, market growth, diversification, and innovation. For instance, in May 2023, according to Gov.UK a UK based public sector information website, the total crop output was $14,034.6(£13,330) million in 2022 which is an increase of $2,524.76 (£2,398) million (21.9%) from the year 2021.Therefore, rising crop production is driving the growth of the fruit and nut farming market.
Key Industry Players
Major companies operating in the fruit and nut farming market include Total Produce plc, Fresh Del Monte Produce Inc., Chiquita Brands International Sarl, Olam International Ltd., Ocean Spray Cranberries Inc., Blue Diamond Growers, Sunkist Growers Inc., Soufflet SA, Costa Group Holdings Ltd., Yuan Longping High-Tech Agriculture Co. Ltd, Dole Food Company Inc., Sun-Maid Growers of California, Wonderful Citrus, Del Monte Foods Inc., Florida’s Natural Growers, The Wonderful Company, National Grape Cooperative Association (Welch’s), Tree Top Inc., Sun Pacific, Wonderful Pistachios & Almonds, Stark Bro’s Nurseries & Orchards Co., Gerber, United Sugars Corporation, Driscoll’s, Pacific Coast Producers, Just Born Inc., Wawona Frozen Foods, South Georgia Pecan, Mariani Nut Company, Martin’s Famous Pastry Shoppe Inc., Diamond Foods (Emerald Nuts), Graceland Fruit Inc., Setton Farms, Smude Enterprises LLC.
The fruit and nut farming market report table of contents includes:
1. Executive Summary
- Fruit And Nut Farming Market Characteristics
- Fruit And Nut Farming Product/Service Analysis -Product/Service Examples
- Fruit And Nut Farming Market Trends And Strategies
- Fruit And Nut Farming Market – Macro Economic Scenario
- Global Fruit And Nut Farming Market Size and Growth
- Fruit And Nut Farming Market Segmentation
…………….
- Key Mergers And Acquisitions In The Fruit And Nut Farming Market
- Fruit And Nut Farming Market Future Outlook and Potential Analysis
- AppendixList Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Fruit And Nut Farming Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Fruit And Nut Farming Market, Segmentation By Farming Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Fruit And Nut Farming Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 144: Total Produce plc Financial Performance
Table 145: Fresh Del Monte Produce Inc. Financial Performance
Table 146: Chiquita Brands International Sarl Financial Performance
Table 147: Olam International Ltd. Financial Performance
Table 148: Ocean Spray Cranberries Inc. Financial Performance
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