Global peach and nectarine sector to grow at CAGR of 3.46%

Published 2024년 9월 16일

Tridge summary

A report by DiMarket forecasts the peach and nectarine industry to grow at a CAGR of 3.46% from now until 2032, reaching a value of $24.2 million. This growth is driven by factors such as the benefits of hybrid seeds, government initiatives, increasing food security concerns, and technological advancements. China dominates the global production of these fruits, which has remained stable in the past five years. The industry also relies on a wide range of varieties and is constantly advancing grafting and cross-breeding techniques. The fruits are used not only for fresh consumption but also in processed products like jams, juices, and preserves. The sector employs practices like precision farming, integrated pest management, and advanced irrigation techniques to enhance productivity and sustainability.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The peach and nectarine industry is projected to reach $24.2 million by 2032, according to a recent report by DiMarket. Consequently, the industry is expected to grow at a CAGR of 3.46% during the forecast period, EastFruit reports. This growth is attributed to factors such as the benefits of hybrid seeds, government initiatives, growing food security concerns, and technological advancements. Hybrid seeds provide higher yields, disease resistance, and improved fruit quality, which is facilitating their introduction into commercial cultivation. Read also: Mountains of fruit in front of a store: French growers protest low prices for peach and nectarine Global peach and nectarine production has been fairly stable over the past 5 years, ranging from 650,000 to 710,000 tonnes, FreshFruitPortal reports. China leads global production, accounting for more than 50% of the total. Stone fruits are in high demand. The sector offers a wide range of varieties, and producers are constantly ...

Source: Eastfruit