The stone fruit market size has shown steady growth in recent years, projected to grow from $13.85 billion in 2023 to $14.45 billion in 2024, with a CAGR of 4.4%. The growth during the historical period is attributed to the rise in urban farming initiatives, increasing adoption of sustainable agricultural practices, expansion of organic farming, growth in online grocery shopping, and heightened import and export activities concerning peaches. In the upcoming years, the stone fruit market is anticipated to grow to $17.37 billion by 2028, with a CAGR of 4.7%. This growth can be attributed to the rising popularity of fruit-based snacks, increasing disposable incomes, heightened consumer awareness regarding health benefits, the growing popularity of stone fruits in smoothies, and expanding culinary uses of stone fruits in desserts. Key trends in the forecast period include technological advancements, the rise of stone fruit-based smoothies, ready-to-eat stone fruit snacks, the increasing popularity of plant-based diets, and the growing market for fruit-based desserts.
Global Stone Fruit Market Key Driver
The increasing import and export of peaches and nectarines are projected to stimulate the stone fruit market. Peaches and nectarines, belonging to the Prunus persica species, see rising demand globally for fresh produce, aided by seasonal variations and international trade agreements. The stone fruit trade diversifies offerings to meet consumer preferences and ensures consistent supply. For example, a September 2024 report by the USDA Foreign Agricultural Service forecasts a 30% increase in peach exports to 60,000 tons, surpassing 2022/23 levels. Thus, the growing trade in peaches and nectarines is driving the stone fruit market's growth.
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Global Stone Fruit Market Segments
The stone fruit market covered in this report is segmented –
1) By Type: Peaches, Nectarines, Plums, Cherries, Mangoes, Other Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Retail Stores, Online, Other Distribution Channels
3) By Application: Juice Concentrate, Ready-To-Drink Juice, Nectar, Wine, Jams, Other Applications
4) By End User: Bakery And Confectionary, Food Processing Companies, Hotels And Restaurants, Cosmetics Manufacturers, Other End Users
By Geography:The regions covered in the stone fruit market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the stone fruit market in 2023. Europe is expected to be the fastest-growing region in the forecast period.
Major Stone Fruit Industry Players
Stemilt Growers LLC, Gargiulo Produce LLC, Giumarra Companies LLC, Kingsburg Orchards LLC, Freshmax Group Pty Ltd., Homegrown Organic Farms LLC, Moonlight Companies LLC, HMC Farms LLC, Sage Fruit Company LLC, Family Tree Farms Marketing LLC, HORTGRO Pty Ltd., Symms Fruit Ranch Inc., Sun World International LLC, Brandt Farms LLC, Dulcinea Farms LLC, ABC Fruits LLC, Trinity Fruit Company Inc., Lemonconcentrate S.L.U., Fruit World Co. LLC, Plus Berries LLC, Sigona's Office Deliveries LLC, Titan Farms Private Limited
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Stone Fruit Market Overview
Stone fruit refers to a category of fruit that has a large, hard seed or 'stone' (also called a pit) at its center, surrounded by juicy flesh. These fruits are typically characterized by their sweet or tart taste, juicy texture, and thin skin. Stone fruits belong to the drupe family, and they are often eaten fresh, used in cooking, or made into preserves and desserts.
Stone Fruit Global Market Report 2023 provides data on the global stone fruit market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The stone fruit market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
