In Florida, the mining, quarrying, and oil and gas extraction industry added around 990 million chained 2017 U.S. dollars of value to the state's gross domestic product (GDP) in 2023. The total value added to Florida's GDP by all industries was about 1.29 trillion U.S. dollars that year.

Graph and download economic data for Gross Domestic Product: All Industry Total in Florida (FLNGSP) from 1997 to 2024 about GSP, FL, industry, GDP, and USA.

Thanks to its strong economy and robust infrastructure, Florida is an attractive destination for many manufacturers. The Sunshine State boasts a diverse economy, and its manufacturing sector is consistently adding jobs thanks to growth in industries like aerospace and electronics. This article will explore the latest facts, statistics, and top companies in Florida's manufacturing sector based on data collected directly from the state's manufacturers by MNI.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Florida (FLRGSP) from 1997 to 2024 about GSP, FL, real, industry, GDP, and USA.

According to Cognitive Market Research, the global Citrus Fibre market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

The Global Citrus Fibre market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. 
The North American region is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. 
Europe region is expected to grow fastest in the citrus fibre market with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Bakery Segment is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. 
Orange segment is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. 

Market Dynamics

Key Drivers

Increasing preference towards plant-based products is increasing market growth 

A growing number of people are using citrus fibre, which is derived from the peels of citrus fruits, due to its numerous useful properties. It includes the ability to stabilize, thicken, and replace fat in food preparations. The increased customer desire for natural and clean-label ingredients is one element driving this market growth, forcing food makers to find substitutes for artificial chemicals and fillers. For instance, the PBFA reports that 70% of US residents now eat plant-based foods, up from 66% in 2022; in 2022, 60% of families ingested plant-based foods, and 80% of them were purchased again in all categories. Citrus fibre perfectly meets this need because it is a naturally occurring, plant-based ingredient, making it an attractive option for making nutritious food products. Citrus fiber's market is also growing as a result of its versatility across many other culinary and beverage sectors. It is widely used to enhance the texture, stability, and nutritional profile of goods including beverages, meat products, dairy alternatives, sauces, dressings, and dressings. For instance, the well-known citrus fibre manufacturer Fiberstar, Inc. offers its Citri-Fi® line of citrus fibre products, which are intended for a variety of applications in the food industry. Other companies, such as Florida Food Products and Herbafood Ingredients GmbH, are also specialized in the production and distribution of citrus fibre to meet the increasing demand from food makers worldwide. One of the main factors driving the expansion of the citrus fibre market is the trend towards food-based products, which is being driven by customer desire for natural and clean-label components. (Source- https://plantbasedfoods.org/2022-retail-sales-data-plant-based-food)

Rising development in the food & beverage industry is favouring the market growth 

Innovation is the primary engine of development and customer happiness in the ever-changing food and beverage business. Citrus fibre is one of the many components that have shaped the industry's growth. It is a flexible and highly sought-after component that has sparked a revolution in product formulations and market dynamics. Several elements are coming together to support this growing trend, such as customer desire for healthier alternatives, sustainability concerns, and developments in food technology. Citrus fibre, derived from citrus fruits such as limes, lemons, and oranges, is prized for its unique functional properties, such as its ability to thicken food naturally, bind water, and enhance texture. Consumers are actively looking for delicious meals and beverages that also help them achieve their health goals as a result of the growing emphasis on nutrition and general well-being. A 2022 Food Insight study found that the most popular options among the participants were clean eating (16%), mindful eating (14%), and calorie counting (13%). In addition, the food and beverage industry is going through a dramatic transformation driven by the pursuit of sustainability, technological advancements, and changing customer preferences. For instance, Natural Machines developed the Foodini, a 3D food printer capable of producing intricate designs and customized dishes using edible ingredients. This c...

Florida Power & Light Company was the largest retailer of electricity in the United States in 2023. That year, the retailer sold over 127 terawatt-hours of electricity across all customer sectors. Its largest customer base are households, accounting for 55 percent of sales. Florida Power & Light Co. is also the leading U.S. electric utility by number of customers. Virginia Electric & Power Co ranked second in terms of overall sales, led by the commercial sector, with over 53 terawatt-hours sold.

This data set includes the value of mineral production by state in the United States in thousands of U.S. dollars. The data represent commodities covered by the National Minerals Information Center of the U.S. Geological Survey. This data set includes years going back to 1990 and going through 2011; estimated data for 2012 and 2013 are available in the Mineral Commodity Summaries but are not included here because they are not considered final.

The Sugar Processing industry’s recent performance has been marked by record-high domestic production and a shift in import-export dynamics. In fiscal year 2023-24, sugar production soared to peak levels, hitting 9,305,000 tons. This surge was fueled by a combination of improved agricultural practices, favorable harvest conditions and significant consumer demand for sugar-based products. While this booming production has led to a surplus, evidenced by an ending stocks-to-use ratio well above USDA targets, it has also initiated downward pressure on prices, balancing processors' revenue growth with constrained profit margins. Over the five years to 2025, industry revenue expanded at a CAGR of 1.2% to reach an estimated $13.6 billion, including a 0.5% boost in 2025. Over the last five years, the Sugar Processing industry has navigated substantial growth in both production and imports. The industry's reliance on imports peaked in 2020 but stayed relatively high through 2024, bolstered by favorable trade conditions and growing consumer demand. However, these dynamics are shifting as the industry anticipates a sharp drop in imports for the upcoming fiscal year, driven by an increase in domestic production. This decrease in imports will likely offer a revenue boost to processors who rely less on foreign raw sugar, though it may also raise operational challenges for those dependent on imports. Meanwhile, swelling health consciousness among consumers has propelled demand for sugar alternatives, impacting traditional sugar demand and reshaping market structures. Looking ahead, the Sugar Processing industry will face continued challenges from consumer health trends and global market conditions. Industry revenue will inch up at a CAGR of 0.5% over the next five years to reach an anticipated $13.9 billion in 2030. Weight-loss drugs and a growing preference for sugar alternatives are expected to decelerate processors’ revenue growth. Simultaneously, the industry is eyeing new markets through increased exports as domestic production grows, positioning the United States as a burgeoning sugar exporter. Meanwhile, strategic shifts towards renewable energy usage, including harnessing bagasse for biomass power, are anticipated to bolster sustainability and revenue. As sugar processors navigate these dynamic changes, their ability to adapt—whether through innovation in sweetener alternatives or investments in renewable energy—will play a crucial role in their continued profitability and relevance.

In 2024, the Walt Disney Company generated a revenue of nearly 34.2 billion U.S. dollars with its parks, and experiences, an increase of around 4.9 percent from the year before. The company's biggest revenue source was its entertainment segment, which generated revenues of over 41 billion U.S. dollars in 2024. This marked a growth of 1.4 percent year-on-year. The total assets of the Walt Disney Company amounted to more than 196 billion U.S. dollars in 2024.Additional info: Walt Disney Company's revenue by operating segmentIn 2023, the Walt Disney Company generated over 19 percent of its revenue through its sports segment which includes the ESPN properties. This revenue stream brought the company 17 billion U.S. dollars that year.The experiences segment was the second-largest revenue source, generating a total of 32.6 billion U.S. dollars. It is a very successful segment – Disney’s parks take the top spots in the ranking of the most visited amusement and theme parks worldwide. The Magic Kingdom Park in Bay Lake, Florida, ranked first in 2022 with 17 million visitors. The largest revenue stream – with over 40 billion U.S. dollars – was the entertainment business. This segment includes linear networks, direct-to-consumer (DTC) business and content sales and licensing. The DTC operations comprise of the company's streaming services such as Disney+, Disney+ Hotstar, and Hulu. This subsegment brought in more than five billion U.S. dollars in the last quarter of 2023.

In 2024, Florida produced approximately ***** million tons of sugar cane. The world sugar production amounted to about ***** million metric tons in 2021/2022. Sugar cane production Sugar cane is a grass native to Asia and grows mostly in tropical and subtropical areas. In terms of the U.S. sugar cane production by state, it is mainly concentrated in the federal states of Florida, Louisiana, Texas and Hawaii. In 2023, Florida produced around **** million tons of sugar cane. During this period, Florida accounted for ************** of the country’s total sugar cane production. Some ******* acres of sugar cane are harvested yearly in the United States, generating over *** billion U.S. dollars in annual revenues. In 2021, ****** was the leading sugar cane producer worldwide. In that year, the nation yielded approximately ****** million metric tons of sugar cane, accounting for more than ** percent of the global sugar cane production. Sugar cane is processed into raw sugar at mills shortly after harvest then transported to refineries to produce powdered, granulated and brown sugar. Between 2022 and 2023, the United States produced approximately **** million metric tons of sugar.