A new leaf: Despite referendum-related concerns, revenue is expected to grow over the next five years

The Vegetable Growing industry produces leafy and stem vegetables; fruit-bearing vegetables; root, bulb and tuberous vegetables; mushrooms and truffles; vegetable seeds; sugar beets; and other vegetables. Potatoes generate the largest proportion of revenue for the industry, and the majority of produce is sold to retail chains and supermarkets. The industry has struggled slightly over the past five-year period. Over the five years through 2018-19 industry revenue is expected to contract at a compound annual rate of 0.5%.During the beginning of the period, the price of potatoes fell significantly as a result of oversupply in the European market. This significantly affected industry performance, causing revenue to drop sharply during 2014-15...read more.

Industry Statistics & Market Size
Revenue
£2.7bn
Annual Growth 14-19
-0.5%
Forecast Growth 19-24
Profit
Employment
42,016
Businesses
9,207
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Technological advancement has protected the industry from weather conditions to an extent
  • Greater investment in automation has resulted in a fall in employment numbers
  • Changes to subsidy payments could affect margins, and may force some firms out of the market
  • Industry Report - Industry Locations Chapter

    Vegetable growing occurs throughout the United Kingdom, with different crops grown in different areas depending on the region’s climate, soil condition, and level of rainfall. For example, potatoes and sugar beets are primarily grown in the South East while carrots are grown throughout the East of England, parts of the East Midlands, the North West and the North East. The location of downstream markets can also affect establishment locations because bulky crops, such as sugar beets, can be expensive to transport.The East of EnglandThe East of England accounts for the largest proportion of industry establishments, at an estimated 21.1% of the total. Operators are drawn to regions that are rich in arable land and have good transport links. The...purchase to read more.

    Additional Insights for the Vegetable Growing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Vegetable Growing Industry are

  • Establishment of export markets
  • Economies of scale
  • Membership of joint marketing/distribution operations
  • IBISWorld analysts also discuss how external factors such as Demand from supermarkets and Real effective exchange rate in the Vegetable Growing industry impact industry performance..

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    What's in this report

    What is the Vegetable Growing Industry?

    The industry consists of farmers growing vegetables and melons in fields and greenhouses. The industry supplies produce for both the fresh and processing markets.

    Industry Products
  • Potatoes
  • Cabbages and lettuces
  • Onions and mushrooms
  • Sugar beets
  • Carrots
  • Tomatoes
  • Cauliflower and broccoli
  • Industry Activities
  • Growing leafy or stem vegetables including artichokes, asparagus, cabbages, cauliflower, broccoli and lettuce
  • Growing fruit-bearing vegetables including cucumbers, gherkins, aubergines, tomatoes, watermelons and cantaloupes
  • Growing root, bulb or tuberous vegetables including potatoes, cassava, carrots, turnips, garlic, onions and leeks
  • Growing mushrooms, truffles, sugar beets and other vegetables
  • Growing vegetable seeds
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from supermarkets
  • Real effective exchange rate
  • Level of annual rainfall
  • Fertiliser prices
  • Health consciousness

  • Current Performance
  • Potato production
  • Weather conditions
  • Market structure
  • Referendum effects
  • Industry profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Funding changes
  • Trade and labour
  • Organic growth
  • Table: Vegetable Growing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Vegetable Growing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Fruit & Vegetable Processing
  • Fruit & Vegetable Wholesaling
  • Supermarkets
  • Fruit & Vegetable Retailers
  • Full-Service Restaurants

  • Key Selling Industries
  • Agricultural Machinery & Equipment Wholesaling
  • Fertiliser & Nitrogen Compound Manufacturing
  • Pesticide & Other Agrochemical Manufacturing
  • Water Collection, Treatment & Supply

  • Products & Services
  • Potatoes
  • Other
  • Cabbages and lettuces
  • Onions and mushrooms
  • Sugar beets
  • Carrots
  • Tomatoes
  • Cauliflower and broccoli
  • Chart: Vegetable Growing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Fruit and vegetable processors
  • Fresh produce wholesalers
  • Other
  • Chart: Major Market Segmentation for the Vegetable Growing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Vegetable Growing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Vegetable Growing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Vegetable Growing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Vegetable Growing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cassava
  • A woody shrub native to South America. Its tuberous root is a staple food in many developing countries and used to make tapioca.
  • Fruit-Bearing Vegetable
  • A vegetable crop that contains seeds. Fruit-bearing vegetables include tomato plants, aubergines and peppers.
  • Sugar Beet
  • A plant high in sucrose, grown commercially for sugar production.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Vegetable Growing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Vegetable Growing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Vegetable Growing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Vegetable Growing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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