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2024 U.S. Industry Statistics & Market Forecast - Fruit and Vegetable Retailers


Market Size & Industry Statistics

The total U.S. industry market size for Fruit and Vegetable Retailers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Fruit & Vegetable Markets industry is experiencing several key trends that are impacting demand, supply, and pricing of fruits and vegetables. One major trend is increased consumer demand for organic and locally sourced produce, due to the growing awareness and concern about food safety, environmental sustainability, and health benefits. This trend is leading to the expansion of farmers' markets, community-supported agriculture (CSA) programs, and online food delivery services that specialize in organic or locally sourced produce. Another trend is the growing popularity of plant-based diets, which are driving demand for a wider variety and higher quality of fruits and vegetables as alternatives to meat and dairy products.

Furthermore, technology is impacting the industry in significant ways, including the use of precision farming techniques, blockchain technology for supply chain traceability, and real-time monitoring of temperature and humidity to optimize storage and transportation of fresh produce. In addition, changing consumer preferences for convenience, speed, and affordability are affecting the retail landscape, with a shift towards online ordering and delivery, vending machines, and ready-to-eat meals and snacks. Finally, climate change is making it harder for farmers to predict and manage crop yields, as extreme weather events, droughts, and pests threaten to disrupt production and supply chains. These trends are likely to shape the future of the Fruit & Vegetable Markets industry, as players adapt to changing consumer demands, technological innovations, and environmental challenges.



Product & Services Breakdown

Research products and services in the Fruit and Vegetable Retailers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Groceries & Other Food Items For Human Consumption Off The Premises

Produce, Including Fresh & Prepackaged Fruits & Vegetables

Dairy Products & Related Foods, Including Milk, Cheese, Butter, Yogurt, Eggs.

Meat & Poultry, Including Prepackaged Meats

All Other Groceries & Food Items

Lawn, Garden, & Farm Equipment & Supplies



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Fruit and Vegetable Retailers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Fruit and Vegetable Retailers industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Fruit and Vegetable Retailers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 2%

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Chief Executives0%
General and Operations Managers2%
Food Preparation and Serving Related Occupations 12%
Cooks and Food Preparation Workers 6%
Food Preparation Workers 6%
Food Preparation Workers 6%
Sales and Related Occupations 39%
Supervisors of Sales Workers 5%
First-Line Supervisors of Sales Workers 5%
First-Line Supervisors of Retail Sales Workers 5%
Retail Sales Workers 33%
Cashiers 28%
Cashiers 28%
Office and Administrative Support Occupations 7%
Production Occupations 7%
Food Processing Workers 6%
Transportation and Material Moving Occupations 28%
Material Moving Workers 25%
Laborers and Material Movers 25%
Stockers and Order Fillers 21%
Source: Bureau of Labor Statistics


Fruit and Vegetable Retailers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Fruit and Vegetable Retailers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Fruit and Vegetable Retailers industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Fruit and Vegetable Retailers industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Fruit and Vegetable Retailers

  • Apr 01, 2024: SHAVER FOODS LLC (Fayetteville, AR) awarded $53,513
  • Mar 22, 2024: THE FRESHFARM MARKETS, INC. (Washington, DC) awarded $60,338
  • Mar 18, 2024: JNS FOODS LLC (Coral Springs, FL) awarded $42,542
  • Mar 07, 2024: REAL GOVERNMENT SOLUTIONS LLC (Driftwood, TX) awarded $10,485