USD 63.40 Billion
Report ID:
SQMIC30C2152 |
Region:
Country |
Published Date: April, 2024
Pages:
198
|Tables:
60
|Figures:
80
U.S. Fruit and Vegetables Market size was valued at USD 63.40 Billion in 2022 and is expected to grow from USD 66.7 Billion in 2023 to reach USD 100.05 Billion by 2031, at a CAGR of 5.2% during the forecast period (2024-2031).
The U.S. fruit and vegetable market is experiencing growth due to rising consumer health consciousness and the growing demand for nutrient-rich products. Consumers are increasingly seeking fresh and exotic fruits and vegetables, such as berries, avocado, mango, pomegranate, papaya, and sweet potato, due to their high nutritional value, including antioxidants, potassium, and vitamins A, K, C, and E. The market expansion is being driven by increased awareness about the benefits of fresh and natural products and the rising prevalence of chronic conditions such as type 2 diabetes and high blood pressure. This has compelled people to adopt healthier lifestyles, which include incorporating fruits into their diets, as fruits provide numerous health advantages. Companies' awareness campaigns regarding healthy eating have contributed to the growth of the market. For instance, the FDA launched an awareness campaign in March 2020, providing resources for healthcare professionals, schoolteachers, and dietitians to help people make informed food choices and adopt healthy diets. The CDC's 2020-2025 Dietary Guidelines for Americans also recommended daily consumption of 1.5-2 cups of fruits and 2-3 cups of vegetables for a healthy immune system and to prevent chronic conditions. A growing trend among U.S. consumers is to allocate a special budget for healthy eating, which includes spending on fresh fruits and vegetables. Furthermore, the rising preference for organic food in the U.S. is expected to benefit the market, as consumers become more aware of the harmful effects of pesticides, chemicals, and additives on human health.
The fruit and vegetables market in the U.S is a vibrant and essential part of the county’s agricultural ecosystem, providing food for consumption within the country and also playing a significant role in international trade. The market is as diverse as it gets, from the common fruits such as apples and oranges to leafy vegetables and those varieties of fruit that are yet unheard of. The mission of this market is to meet the rising demand for new quality and healthy products among buyers, who prefer to eat fresh, healthy food, thus contributing their part in supporting the domestic agricultural industry.
The major one of the driving factors for the growth of this market is the widening understanding by consumers about the need for proper balanced diets and health benefits that are accrued from regular intake of fruits and vegetables. In line with the increasing health awareness by people, there is now a high demand for a variety of quality produce. Besides, the growing interest in vegetarianism and eco sustainable foods have also contributed towards the market growth.
Still, the market poses its own challenges and restraining elements. Weather variability and unpredictable natural disasters remain as one of the significant challenges in crop production. The danger of climate change needs to be a major concern with regards to market stability, as it affects production and distribution. Moreover, the time-sensitive nature of fruits and vegetables makes the movement imminent; as their freshness is crucial for transportation and storage. Moreover, the market offers vast opportunities in spite of various difficulties in the supply chain of the US fruit and vegetables market. This is because various technologies that were developed in recent times as solutions to solving the problems, which have been presented by the unfavorable environmental conditions for agricultural practices such as precision farming and controlled-environment agriculture can provide prospects in which efficiency can be improved and the negative impact of environmental factors eliminated. Further, the popularity of local and organic produce gives room for producers who embrace sustainable practices that integrate with the environment.
US Fruit and Vegetable Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 63.40 Billion
Largest Segment
fresh
Fastest Growth
fresh
Growth Rate
5.2% CAGR
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The US fruit and vegetable market is segmented on the basis of by product and by distribution channel.Whereas, By product is sub segmented into the fresh, Dried and frozen . The distribution channel is sub segmented into the Supermarkets and hypermarkets, speciality stores and others.
Analysis by Product
Based on product type, The market for fresh fruit and vegetables is forecast to grow fastly over the next few years, and this sector is expected to be the most popular. Compared to processed foods, fresh fruits and vegetables have a more flavourful and nutritious content. Fruits and vegetables are a good source of essential vitamins, minerals, fiber and other nutrients that are not degraded by freezing or drying. These nutrients are important for good health. Whereas, Frozen Fruit & Vegetables accounted for the highest market share.
Analysis by Distribution channel
On the basis of distribution channel, The online segment had the highest growth rate in the market. The time-saving aspect of this distribution channel, coupled with door-to-door delivery, makes it an appealing option for businesses. Product variety and quality are helping to drive the growth of the online grocery market. Whereas, the Supermarkets & Hypermarkets segment owns the highest market share.
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Another way the government is trying to help increase the availability of fruit and vegetables in the United States is by allowing imports from countries such as China, India, and bordering country Canada. This is helping to contribute to the large share of the US fruit and vegetable market. Consumers are increasingly turning to local, healthy eating alternatives, and this is expected to increase demand for fruit and vegetables in the US fruit and vegetables market in the coming years. The low productivity in the United States is a major concern for the fruit and vegetable market, as well as for the high import of produce from neighboring Canada, as well as from the best producing regions in Asia and Europe. This raises the price of these products.
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Drivers
Rise in Health Concerns to Bolster Healthy Eating Habits
Restraints
Health Concerns to Hinder Market Growth
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The U.S. market is highly competitive, with many regional and local companies competing for customers. The growing demand from consumers has motivated these companies to focus on activities like product launches, awareness campaigns, mergers & acquisitions, and strategic alliances. They are also investing in sustainability measures and rebranding in order to keep up with evolving consumer trends.
Top players company profiles
Recent Developments
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our U.S. Fruit and Vegetable Market analysis, Fresh fruits and vegetables are the basic ingredients for many different types of processing: drying, dehydrating, freezing, canning, and juicing. Harvest fluctuations can lead to price fluctuations for natural products, depending on the region in which they are grown. These new developments in the food industry will create lucrative growth opportunities for players in the market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 63.40 Billion |
Market size value in 2031 | USD 100.05 Billion |
Growth Rate | 5.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the U.S. Fruit and Vegetable Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the U.S. Fruit and Vegetable Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the U.S. Fruit and Vegetable Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the U.S. Fruit and Vegetable Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIC30C2152
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