What is the current size and annual growth rate of the stone fruit market?
The stone fruit market size has grown steadily in recent years. It will grow from $14.45 billion in 2024 to $15.15 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to rise in urban farming initiatives, increasing adoption of sustainable agricultural practices, expansion of organic farming practices, growth of online grocery shopping, and increasing import and export of peaches.
The stone fruit market size is expected to see steady growth in the next few years. It will grow to $18.15 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to rising popularity of fruit-based snacks, rising disposable incomes, increasing consumer awareness of the health benefits, rising popularity of stone fruits in smoothies, and growing culinary use of stone fruits in desserts. Major trends in the forecast period include technological advancements, stone fruit-based smoothies, ready-to-eat stone fruit snacks, plant-based diets, and fruit-based desserts.
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Which major factors have contributed to the expansion of the stone fruit market?
The increasing import and export of peaches and nectarines is expected to propel the growth of the stone fruit market going forward. Peaches and nectarines are members of the Prunus persica species, with peaches having fuzzy skin and nectarines featuring smooth skin, but they share similar sweet and juicy flesh. The rising import and export of peaches and nectarines is driven by increased global demand for fresh, healthy produce, seasonal availability variations, and the expansion of international trade agreements that enhance market access. Stone fruit is used to fuel the import and export of peaches and nectarines. It creates a diversified product offering that meets consumer preferences and ensures consistent supply across different markets. For instance, in September 2024, according to a report published by the USDA Foreign Agricultural Service, a US-based foreign affairs agency, peach exports are anticipated to increase by 30%, reaching 60,000 tons, as improved exportable supplies enable shipments to Canada, Mexico, and Taiwan to surpass 2022/23 levels. Therefore, the increasing import and export of peaches and nectarines is driving the growth of the stone fruit market.
How is the stone fruit market segmented?
The stone fruitmarket 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
Subsegments:
1) By Peaches: Clingstone Peaches, Freestone Peaches
2) By Nectarines: White-Flesh Nectarines, Yellow-Flesh Nectarines
3) By Plums: European Plums, Japanese Plums
4) By Cherries: Sweet Cherries, Sour Cherries
5) By Mangoes: Alphonso Mangoes, Kent Mangoes, Tommy Atkins Mangoes, Haden Mangoes
6) Other Types: Apricots, Lychees, Papayas
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Who are the top competitors in the stone fruit market?
Major companies operating in the stone fruit 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, 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
Which key trends are expected to influence the stone fruit market in the coming years?
Major companies operating in the stone fruit market are focused on developing innovative products, such as stone fruit-flavored alcoholic beverages, to attract consumers seeking unique and flavorful drink options. Stone fruit-flavored alcoholic beverages refer to drinks infused with the flavors of peaches, plums, cherries, and apricots, which have a hard pit or stone in the center. For instance, in September 2023, Sly Dog Rum, a UK-based producer of premium spiced and flavored rums, launched the Sly Dog Stoned Fruit rum. This stone fruit rum features a three-year-aged golden rum base infused with ripe stone fruits like peach, papaya, and apricot. The addition of pink peppercorn and other secret ingredients enhances its flavor profile, delivering a delightful combination of sweet and tart notes. This unique combination offers a distinctive flavor profile that distinguishes it from other rums.
Which regional trends are influencing the stone fruit market, and which area dominates the industry?
Asia-Pacific was the largest region in the stone fruit market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the stone fruit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Stone Fruit Market Report 2025 Offer?
The stone fruit market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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