The stone fruit market size has grown steadily in recent years. It will grow from $13.85 billion in 2023 to $14.45 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%.
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Stone Fruit Global Market Report 2024
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LONDON, LONDON, UNITED KINGDOM, November 19, 2024 /EINPresswire.com/ -- The stone fruit market size has grown steadily, projected to grow from $13.85 billion in 2023 to $14.45 billion in 2024 at a 4.4% CAGR. Drivers include urban farming initiatives, adoption of sustainable practices, growth in organic farming, online grocery shopping, and increasing trade of peaches.
What Is the Future Market Size of the Global Stone Fruit Market and Its Yearly Growth Rate?
The stone fruit market size is projected to reach $17.37 billion by 2028 at a CAGR of 4.7%. This growth is driven by the increasing popularity of fruit-based snacks, higher disposable incomes, greater awareness of health benefits, growing use of stone fruits in smoothies, and culinary applications in desserts. Trends include advancements in technology, stone fruit-based smoothies, ready-to-eat snacks, plant-based diets, and fruit-based desserts.
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What Are The Primary Growth Drivers Of The Stone Fruit Market?
The increasing import and export of peaches and nectarines is set to drive the stone fruit market’s growth. Peaches and nectarines belong to the Prunus persica species, with peaches having fuzzy skin and nectarines smooth skin but sharing sweet, juicy flesh. The rise in peach and nectarine imports and exports is driven by global demand for fresh produce, seasonal availability differences, and expanded international trade agreements that increase market accessibility. Stone fruit enables the import and export of peaches and nectarines, providing a varied product selection that meets consumer preferences and ensures consistent supply across regions.
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Who Are The Top Market Players Contributing To The Growth Of The Stone Fruit Market?
Major companies operating in the market are 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.
What Emerging Trends Are Affecting The Size Of The Stone Fruit Market?
In the stone fruit industry, leading companies are crafting unique offerings like stone fruit-flavored alcoholic beverages to appeal to consumers seeking distinct, flavorful drink options. These beverages are infused with flavors from peaches, plums, cherries, and apricots, which are known for their hard central pits.
How Is the Global Stone Fruit Market 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
Geographical Analysis: Asia-Pacific Emerges as the Stone Fruit Market Leader
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. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is The Definition And Overview Of The Stone Fruit Market?
Stone fruit is a type of fruit with a large, hard seed or 'stone' at its core, surrounded by juicy flesh. Known for their sweet or tart flavor and juicy texture, stone fruits are often eaten fresh, cooked, or made into preserves and belong to the drupe family.
The Stone Fruit Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Stone Fruit Market Report: Trends, Opportunities, Strategies, and More
The Stone Fruit Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into stone fruit market size, stone fruit market drivers and trends, stone fruit global market major players, stone fruit competitors' revenues, stone fruit global market positioning, and stone fruit market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
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