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    Vegetable & Melon Farming Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/19/2021
    SIC Codes: 0134, 0161
    NAICS Codes: 1112
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Vegetable & Melon Farming Industry Profile

    Companies in this industry produce vegetable and melon crops, seeds, and bedding plants. Major companies include US-based Bolthouse Farms, Chiquita, and Dole Food, along with Chaoda Modern Agriculture (based in Hong Kong), Fresh Del Monte Produce (Cayman Islands), and Mastronardi Produce (Canada).

    The global fruit and vegetable seeds market is estimated to surpass $9.2 billion by 2025 growing at an estimated rate of 6% during 2020 to 2025 majorly driven by the rising demand for good quality and high performing seeds. Impact of urbanization and the growing preference towards organic food products are other factors driving the market growth, according to the report of Research and Markets.

    The US vegetable and melon farming industry includes about 74,000 farms with combined annual revenue of about $19 billion.

    Vegetable and melon farming covers about 50 types of produce, including lettuce, dried beans, carrots, sweet corn, potatoes, tomatoes, broccoli, watermelon, honeydew, and cantaloupe. Other fruit production is covered in the Fruit & Tree Nut Farming profile.

    COMPETITIVE LANDSCAPE

    Demand is driven by population growth, consumer preferences, and government programs promoting fresh produce. The profitability of individual companies depends on maximizing crop yield and minimizing loss from disease, insects, or unfavorable weather. Large companies have advantages in diversified crop production and access to labor. Small companies can compete effectively by specializing. The US industry is concentrated: the top 10% of farms generate about 90% of industry ...

     
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