NAICS 111335 - Tree Nut Farming
This U.S. industry comprises establishments primarily engaged in growing tree nuts.
Industry trends:
NAICS 111335, Tree Nut Farming, has been experiencing several qualitative trends that are shaping the industry. One significant trend is the increasing emphasis on sustainable and organic farming practices. Consumers are more health-conscious and environmentally aware, driving demand for organically grown tree nuts. As a result, many producers are adopting eco-friendly practices and seeking organic certification to capitalize on this trend.
Another notable trend is the technological advancements in farming techniques. Precision agriculture, including the use of drones and satellite imagery, is helping farmers monitor crop health more effectively and optimize resource usage, leading to better yields and reduced costs.
There is also a growing interest in value-added products. Producers are diversifying their offerings by creating nut-based products such as milks, butters, and snacks, which command higher profit margins compared to raw nuts. This diversification is driven by consumer preference for convenient, ready-to-eat healthy options.
In terms of forecasts, the global demand for tree nuts is expected to continue its upward trajectory, driven by their perceived health benefits and the growing popularity of plant-based diets. However, challenges such as climate change and water scarcity could impact production levels. Adaptation strategies, including drought-resistant nut varieties and efficient water management systems, will be crucial for future success in the industry.
This industry is comprised of:
Almond farming
Brazil nut farming
Cashew farming
Filbert farming
Hazelnut farming
Macadamia farming
Pecan farming
Pistachio farming
Tree nut farming
Walnut farming
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.