Fruit & Vegetable Wholesaling in Canada - Industry Market Research Report

Going green: Growing consolidation activity and vertical integration will harm some of the smallest produce wholesalers

Revenue for fruit and vegetable wholesalers has grown in recent years. Favourable trends in consumer health consciousness have prompted growing spending on fruits and vegetables. Growing consumer spending has kept spending on produce high despite economic volatility. Poor weather conditions that affected the fruit and vegetable harvest in 2019, combined with a poor economic landscape in 2020 as a result of COVID-19 have constrained growth. Profit is expected to remain steady at 0.2% of revenue, despite growth in the consumer price index for food. Revenue for produce wholesalers is expected to grow at a CAGR of 1.2% to $13.3 billion through the end of 2023, including growth of 1.2% in 2023 alone.

The Fruit and Vegetable Wholesaling industry in Canada wholesales a range of fresh fruit and vegetables to supermarkets, delis, restaurants, cafes and institutions such as hospitals and retirement homes. This industry does not include wholesalers of processed fruits and vegetables.

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.