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The peaches and nectarines market size is estimated to grow by USD 722.4 million at a CAGR of 3.27% between 2023 and 2028. The European market is experiencing a significant increase in the production and consumption of peaches and nectarines, reflecting the growing global demand for stone fruits. This trend is driven by several factors, including the health benefits associated with these fruits. Stone fruits, such as peaches and nectarines, are rich in vitamins, minerals, and fiber, making them a popular choice for consumers seeking to maintain a healthy diet. Furthermore, the increasing awareness of the nutritional value of stone fruits is fueling their popularity, particularly in markets outside of Europe. As a result, the stone fruit industry is expected to continue its growth trajectory in the coming years.
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Peaches and nectarines belong to the Stone Fruit family, which is part of the Rose family and the genus Prunus. The two popular varieties are Prunus persica for peaches and Prunus nectarina for nectarines. A genetic mutation in the peach tree led to the creation of nectarines, which have smooth skin instead of the usual fuzzy texture. Peaches and nectarines are rich in essential nutrients like vitamins A and C, fiber, and antioxidants. They come in various types, including freestone, clingstone, and semi-freestone, depending on how easily the stone separates from the fruit. Peaches have fuzzy skin and white or yellow flesh, while nectarines have smooth skin and similar flesh colors. These stone fruits are widely used in various culinary applications, from fresh consumption to baking and cooking. In food styling and prop styling, peaches and nectarines are often featured in still life and food photography. Food stylists like Stephana Bottom and Marina Malchin use various techniques to present these fruits in an appealing way. They can be cooked using a frying pan, burner, or skillet to create delicious dishes. From a taxonomic perspective, Stone Fruits belong to the Plantae kingdom, Angiosperm class, and the order Rosales and family Rosaceae. Understanding their taxonomy provides valuable insights into their botanical characteristics and relationships to other plants. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising production and consumption of peaches and nectarines in European market is notably driving market growth. The European Union (EU) peaches and nectarines market experienced a significant expansion to reach a value of approximately USD 4.7 billion in 2021, marking a 5.2% increase compared to the previous year. This growth can be attributed to the high per capita consumption of these fruits in the EU. Italy, Greece, and Spain were the leading consumers, collectively accounting for 74% of the total consumption, with volumes of 983,000 tons, 842,000 tons, and 630,000 tons, respectively. In terms of per capita consumption, Greece led the way with 76 kilograms (kg) per person, followed by Italy with 16 kg per person, Spain with 13 kg per person, and Portugal with 6 kg per person. The taxonomic classification of peaches and nectarines places them within the Angiosperm class, specifically the Rosales order and the Prunus genus. These fruits develop from a flower with petals, sepals, and stamens, and their hypanthium supports the ovary. In culinary applications, they are often prepared using a frying pan or skillet over a burner or stove, making them a popular food choice. The nutritional value of these fruits, including their rich nitrogen content, further enhances their appeal. Thus, such factors are driving the growth of the market during the forecast period.
The rising imports and export of peaches and nectarines is the key trend in the market. The global market for peaches and nectarines exhibits a steady expansion, with an increasing number of countries participating in imports. Traditional importers, such as European nations, have seen either a decline or stagnation in growth. Germany, France, and Spain have been the leading importers, but the market dynamics are shifting. The average import prices for these fruits are moderate, with premium segments accounting for a minimal volume. Australia, specifically Victoria, has experienced a significant surge in exports, with a 50% increase from 2017 to 2018, reaching a value of USD50 million. This growth can be attributed to various factors, including favorable climatic conditions and advanced farming techniques. In taxonomy, peaches and nectarines belong to the Angiosperm class, Rosales order, and the Prunus genus. They share similar characteristics, such as flowers with petals, sepals, and stamens, and a hypanthium that supports the receptacle. Chefs often prepare these fruits using various cooking techniques, including frying pans, skillets, and burners, to create delicious dishes. Nitrogen-rich loams contribute to the optimal growth of these fruits, ensuring their nutritional value and desirable taste. Thus, such trends will shape the growth of the market during the forecast period.
The fluctuation in prices is the major challenge that affects the growth of the market. Peaches and nectarines are popular fruit varieties with distinctive characteristics, including flowers with vibrant petals, sepals, and stamens, and a hypanthium that supports the fruit. These fruits belong to the Angiosperm class of the Plantae kingdom, specifically the Rosales order and the Prunus genus. The bud variation and bud sporting of peaches and nectarines can lead to different types, making the market diverse. However, the production and quality of these fruits are influenced by climate conditions, which can cause fluctuations in supply and prices. The perishable nature of these fruits makes it challenging to manage excess supply through stocking or market speculation. As chefs prepare these fruits for food, they often use a frying pan, burner, or skillet to cook them, adding to their culinary appeal. Despite these challenges, the taxonomy and botanical features of peaches and nectarines continue to captivate horticulturists and food enthusiasts alike. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
DLJ Produce Inc. - The company offers yellow and white peaches and nectarines, such as Rose Bright, and Spring Bright.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The offline segment is estimated to witness significant growth during the forecast period. Peaches and nectarines, both belonging to the Stone Fruit category and the Rose family, are popular fruits derived from the Prunus persica tree. A genetic mutation results in the development of two distinct types: freestone and clingstone. Freestones have a pit that separates easily from the fruit flesh, while clingstones cling to the pit. These stone fruits are rich in essential nutrients, including calories, protein, carbs, fiber, sugar, fat, potassium, niacin, Vitamin A, Vitamin C, and Vitamin E.
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The offline segment accounted for USD 3.17 billion in 2018. Peaches and nectarines come in various types, such as yellow and white peaches, donut peaches, and Saturn peaches. Their differences lie in their skin texture (fuzzy for peaches, smooth for nectarines), flesh color (white or yellow), and leaf shape. In the Northern Hemisphere, production peaks from May to September, while in the Southern Hemisphere, it is during the opposite season. The Rosaceae family, which includes the Prunus genus, produces these delicious stone fruits. A food stylist, Stephana Bottom, and a prop stylist, Marina Malchin, often collaborate with photographers like Con Poulos to capture the allure of these fruits in various presentations. Carbohydrates are a significant component of these fruits, providing energy and contributing to their sweet taste.
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APAC is estimated to contribute 76% to the growth of the global market during the market forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Peaches and nectarines, both belonging to the Stone Fruit category and the Rose family, are popular fruits derived from the Prunus persica tree. A genetic mutation results in the development of two main types: freestone and clingstone. Freestones have a pit that separates easily from the fruit flesh, while clingstones cling to the pit. These stone fruits are rich in essential nutrients.
A 100-gram serving of peaches provides approximately 31 calories, 0.9 grams of protein, 8.3 grams of carbohydrates, 0.9 grams of dietary fiber, and 6.4 grams of sugar. They are also abundant in vitamins and minerals such as potassium, niacin, vitamin A, vitamin C, and vitamin E. The Rosaceae family, specifically the Prunus genus, encompasses various stone fruits with distinct characteristics. Peaches come in various types, including yellow and white peaches, donut peaches, and Saturn peaches. Their fuzzy skin contrasts with their smooth leaves. Nectarines, on the other hand, have smooth skin. The white flesh of peaches and yellow flesh of nectarines add to their visual appeal. Professionals in the food and styling industry, such as Stephana Bottom, Marina Malchin, and Con Poulos, often showcase these stone fruits' beauty in their work. Understanding the differences between freestone and clingstone, as well as the various types of peaches and nectarines, adds depth to their presentations.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Stone fruits, belonging to the Rose family and the Prunus genus, include popular fruits like peaches (Prunus persica) and nectarines. These succulent fruits are known for their rich flavors and velvety textures. Peaches, in particular, come in various types such as freestone, clingstone, and semi-freestone, depending on the adherence of their stones to the fruit flesh. Nutritionally, stone fruits are packed with essential nutrients. They contain calories, protein, carbs, fiber, sugar, fat, potassium, niacin, vitamin A, vitamin C, and vitamin E. Peaches, for instance, have a yellow or white fuzzy skin and white or yellow flesh, while nectarines boast smooth skin. Marketing these fruits requires an understanding of their unique characteristics. Food and prop stylists like Stephana Bottom, Marina Malchin, and Con Poulos showcase their beauty in various dishes and presentations. Northern and Southern hemisphere climates contribute to the production of stone fruits, with popular varieties including yellow peaches, white peaches, donut peaches, and Saturn peaches. Gene variants have led to the development of new types, such as those with red or blush skin and unique shapes. The leaves of stone fruits are also essential for their growth and health. By highlighting their nutritional benefits, taste, and versatility, stone fruit marketing can appeal to a wide audience.
Market Scope |
|
Report Coverage |
Details |
Page number |
129 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.27% |
Market growth 2024-2028 |
USD 722.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.13 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 76% |
Key countries |
China, US, Japan, Italy, and Spain |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
BeFresh Ltd., DLJ Produce Inc., Echo International Export Co. Inc., EREN Fruits and Vegetables Exporter Supplier Packaging Co., Gadco Egypt, Gesex SA, Gold Scorpion S.L, MANDAR FOOD PRODUCTS, Minsa Creation Pvt. Ltd., PR Farms Inc., Prima Wawona, Ramiya Trading Plc, Sadira, Sun World International LLC, Sunwest Fruit Co., Trinity Fruit Co., and Wawona Frozen Foods Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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