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Orange & Citrus Groves in the US - Industry Market Research Report

  • June 2017
  • 35 pages
  • Ibisworld
Report ID: 349532

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Juice up: An industry effort to produce genetically modified, disease-resistant trees may help boost revenue

Abstract
Orange & Citrus Groves in the US

The Orange and Citrus Groves industry’s products are among the most eaten fruits in the United States. Over the five years to 2017, industry revenue is expected to decrease due to competition from international fruit suppliers and the effects of recent diseases, such as citrus greening, which cause production volumes to decline.

Over the five years to 2022, the industry is expected to grow slowly. The National Export Initiative will make exporting easier for producers. An industry effort to produce a genetically modified, disease-resistant tree may also triumph in the next few years. However, at the same time, growth will be diminished by decrease in consumption of fruits and vegetables. Minimal decreases in the value of the dollar will also keep US-grown fruit relatively less expensive abroad, keeping exports low.

Farmers in this industry primarily grow citrus fruits, including oranges, grapefruits and lemons. Citrus fruits grown in this industry are used in downstream processing industries (e.g. juices, canned fruit) and sold as fresh fruit for final consumption. Farms are considered part of the Orange and Citrus Groves industry if at least half of their revenue is derived from growing these fruits.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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