Global peaches and nectarines: What potential for the sector?

Peach and Nectarine Market Set to Grow at $24.2 Million by 2032 The peach and nectarine industry is poised to witness significant expansion in the coming years. According to a recent report published by DiMarket, this market is expected to reach a value of $24.2 million by 2032, growing at a compound annual growth rate (CAGR) of 3.46% over the forecast period. This growth is being fueled by several major factors, including the increasing adoption of hybrid seeds, government initiatives in favor of agriculture, and growing concerns over food security. Hybrid seeds, in particular, play a key role in offering higher yield, better disease resistance, and improved fruit quality, thus prompting many growers to opt for these varieties in their commercial operations. Global peach and nectarine production has remained relatively stable over the past five years, fluctuating between 650,000 and 710,000 tonnes per year according to FreshFruitPortal data. China largely dominates this market, ...