Global peaches and nectarines: What potential for the sector?

Published 2024년 9월 16일

Tridge summary

The peach and nectarine market is set to grow to $24.2 million by 2032 at a CAGR of 3.46%, driven by the adoption of hybrid seeds, government initiatives, and food security concerns. China is the dominant producer of these fruits, which are grown for their high yield, disease resistance, and improved quality. Advances in grafting and crossbreeding, precision farming, and integrated pest management have increased productivity and sustainability. The industry also has economic and nutritional benefits and supports biodiversity.

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

Original content

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, ...

Source: Agrimaroc