Fresh Peaches Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
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Fresh Peaches Market Analysis
The global fresh peaches market is projected to grow at a CAGR of 3.2% during the forecast period.
- Fresh peaches exhibit multiple potential health benefits, such as a strong immune system, improved digestion, control of blood pressure, and decreases the risk of chronic diseases. The yellow-fleshed peaches are commonly found in the United States, were as white-fleshed are common in Asian countries.
- As online shopping has become increasingly popular in Beijing's, China and professional team was set up to teach farmers to sell their peaches with mobile phones and transform the local peach industry into a modernized internet-plus business. Peach sales via e-commerce across Pinggu stood at 25 million kg in 2021, compared with nearly zero in 2012. The online demand for peaches has also boosted the development of the local logistics industry such as SF Express and China Post. With government support, Pinggu started building itself into an agricultural innovation hub focusing on the modern seed industry, biotechnology, smart farming, and food safety. This can further boost the market to grow in coming years.
- Growers have also adopted the practice of highdensity plantings, used new cultivars and rootstocks, and installed modern treetraining systems. These changes have been in part propelled by government programs that provide support for various costs including for fuel, fertilizer, and saplings to increase the production of peaches in order to strengthen the market.
Fresh Peaches Market Trends
Significant health benefits of peaches is promoting the growth of fresh peaches market
Peaches have various health benefits as they comprise nutritive elements such as dietary fibers, low carbohydrates, vitamins(A, C, E, and niacin), and also minerals, such as potassium, copper, manganese, and phosphorous. Therefore, peach breeders are planning to develop varieties with improved eating quality and health benefits.
The growing awareness of a healthy lifestyle is propelling the increased consumption of fresh fruits, which is in turn driving the fresh peach market. People are gaining more knowledge about the number of calories present in the food they consume, in order to focus more on fitness, and nutrition. Peaches are commercially produced in various countries like China, Spain, Turkey, & the United States and are marketed in both fresh and processed forms. As of 2021, the volume of total global production of peaches was 24.9 million tons. These factors are increasingly contributing to the growth of the market.
China is the predominant supplier of peaches and nectarines to Vietnam. Australian peach and nectarine exporters now have market access to Vietnam this comes after Australia and Vietnam finalised a new protocol. This will fuel further growth in demand for imported fruits, driven by Vietnam's young, increasingly wealthy consumers. These consumers are willing to pay more for imported food, particularly naturally healthy, immune-boosting products with clean and green credentials.Growth in modern retail channels, particularly supermarkets and convenience stores, and a rapid shift to e-commerce will support consumer expenditure on fruit.
Asia Pacific is the key player in the Fresh Peaches Market
Asia-Pacific is the largest and fastest growing market globally. The region is supported by favourable growing conditions in the majority of the places during the early season, hence the harvest recorded is of high volume. China is the leading producer in this region which accounts for 61.4% of the total fresh peach market. According to ITC Trade, the export value of peaches has increased to USD 64,821 Thousand in 2021 which slightly increased compare to previous year in the China.
China is the world's leading producer of peaches, followed by Spain, Italy, and the United States. According to the USDA, peach production is expected to reach 21.8 million metric ton in 2022, as China has recovered from the snow-damaged crop losses. It is anticipated to increase from 1.0 million ton to 16.0 million ton. The special benefits offered by fresh peaches have made this fruit an important part of a heart-healthy diet, which is largely driving the growth of the market.
The relaxed government policies on land transfers, have further encouraged many individuals and private companies to invest in large-scale production of peach through land consolidation. However, high costs and quarantine requirements for cold-chain storage is detering the importers. Therefore, peache varieties with longer shelf-life are being developed to meet the market requirements and tends to grow market during the forecasting period.
Fresh Peaches Market News
- August 2022: In Canada, the University of Guelph tests a new peach-thinning product that could transform the tender fruit industry and helps farmers to reduce the time process and significant financial savings for growers.
- February 2022: The cultivation of peaches is a complex and manually intensive process that has put a strain on many farms stretched for time and workers. To solve this problem, the Georgia Tech Research Institute (GTRI) has developed an intelligent robot designed to handle the human-based tasks of thinning and pruning peach trees, which could result in significant cost savings for peach growers in Georgia.
Fresh Peaches Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.1.1 United States
5.1.1.1.1 Production Analysis
5.1.1.1.2 Consumption Analysis (Volume and Value)
5.1.1.1.3 Import Market Analysis (Volume and Value)
5.1.1.1.4 Export Market Analysis (Volume and Value)
5.1.1.1.5 Price Trend Analysis
5.1.1.2 Canada
5.1.1.2.1 Production Analysis
5.1.1.2.2 Consumption Analysis (Volume and Value)
5.1.1.2.3 Import Market Analysis (Volume and Value)
5.1.1.2.4 Export Market Analysis (Volume and Value)
5.1.1.2.5 Price Trend Analysis
5.1.1.3 Mexico
5.1.1.3.1 Production Analysis
5.1.1.3.2 Consumption Analysis (Volume and Value)
5.1.1.3.3 Import Market Analysis (Volume and Value)
5.1.1.3.4 Export Market Analysis (Volume and Value)
5.1.1.3.5 Price Trend Analysis
5.1.2 Europe
5.1.2.1 Germany
5.1.2.1.1 Production Analysis
5.1.2.1.2 Consumption Analysis (Volume and Value)
5.1.2.1.3 Import Market Analysis (Volume and Value)
5.1.2.1.4 Export Market Analysis (Volume and Value)
5.1.2.1.5 Price Trend Analysis
5.1.2.2 Poland
5.1.2.2.1 Production Analysis
5.1.2.2.2 Consumption Analysis (Volume and Value)
5.1.2.2.3 Import Market Analysis (Volume and Value)
5.1.2.2.4 Export Market Analysis (Volume and Value)
5.1.2.2.5 Price Trend Analysis
5.1.2.3 Italy
5.1.2.3.1 Production Analysis
5.1.2.3.2 Consumption Analysis (Volume and Value)
5.1.2.3.3 Import Market Analysis (Volume and Value)
5.1.2.3.4 Export Market Analysis (Volume and Value)
5.1.2.3.5 Price Trend Analysis
5.1.2.4 France
5.1.2.4.1 Production Analysis
5.1.2.4.2 Consumption Analysis (Volume and Value)
5.1.2.4.3 Import Market Analysis (Volume and Value)
5.1.2.4.4 Export Market Analysis (Volume and Value)
5.1.2.4.5 Price Trend Analysis
5.1.2.5 Turkey
5.1.2.5.1 Production Analysis
5.1.2.5.2 Consumption Analysis (Volume and Value)
5.1.2.5.3 Import Market Analysis (Volume and Value)
5.1.2.5.4 Export Market Analysis (Volume and Value)
5.1.2.5.5 Price Trend Analysis
5.1.3 Asia-Pacific
5.1.3.1 China
5.1.3.1.1 Production Analysis
5.1.3.1.2 Consumption Analysis (Volume and Value)
5.1.3.1.3 Import Market Analysis (Volume and Value)
5.1.3.1.4 Export Market Analysis (Volume and Value)
5.1.3.1.5 Price Trend Analysis
5.1.3.2 South Korea
5.1.3.2.1 Production Analysis
5.1.3.2.2 Consumption Analysis (Volume and Value)
5.1.3.2.3 Import Market Analysis (Volume and Value)
5.1.3.2.4 Export Market Analysis (Volume and Value)
5.1.3.2.5 Price Trend Analysis
5.1.3.3 Japan
5.1.3.3.1 Production Analysis
5.1.3.3.2 Consumption Analysis (Volume and Value)
5.1.3.3.3 Import Market Analysis (Volume and Value)
5.1.3.3.4 Export Market Analysis (Volume and Value)
5.1.3.3.5 Price Trend Analysis
5.1.3.4 India
5.1.3.4.1 Production Analysis
5.1.3.4.2 Consumption Analysis (Volume and Value)
5.1.3.4.3 Import Market Analysis (Volume and Value)
5.1.3.4.4 Export Market Analysis (Volume and Value)
5.1.3.4.5 Price Trend Analysis
5.1.4 South America
5.1.4.1 Brazil
5.1.4.1.1 Production Analysis
5.1.4.1.2 Consumption Analysis (Volume and Value)
5.1.4.1.3 Import Market Analysis (Volume and Value)
5.1.4.1.4 Export Market Analysis (Volume and Value)
5.1.4.1.5 Price Trend Analysis
5.1.4.2 Argentina
5.1.4.2.1 Production Analysis
5.1.4.2.2 Consumption Analysis (Volume and Value)
5.1.4.2.3 Import Market Analysis (Volume and Value)
5.1.4.2.4 Export Market Analysis (Volume and Value)
5.1.4.2.5 Price Trend Analysis
5.1.4.3 Chile
5.1.4.3.1 Production Analysis
5.1.4.3.2 Consumption Analysis (Volume and Value)
5.1.4.3.3 Import Market Analysis (Volume and Value)
5.1.4.3.4 Export Market Analysis (Volume and Value)
5.1.4.3.5 Price Trend Analysis
5.1.5 Africa
5.1.5.1 South Africa
5.1.5.1.1 Production Analysis
5.1.5.1.2 Consumption Analysis (Volume and Value)
5.1.5.1.3 Import Market Analysis (Volume and Value)
5.1.5.1.4 Export Market Analysis (Volume and Value)
5.1.5.1.5 Price Trend Analysis
5.1.5.2 Egypt
5.1.5.2.1 Production Analysis
5.1.5.2.2 Consumption Analysis (Volume and Value)
5.1.5.2.3 Import Market Analysis (Volume and Value)
5.1.5.2.4 Export Market Analysis (Volume and Value)
5.1.5.2.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Fresh Peaches Industry Segmentation
Peach is a sweet juicy fruit that is widely consumed fresh and also baked in pies and cobblers. They are a good source of antioxidants and vitamin C which helps in strengthening immunity. It is one of the important deciduous-tree fruits, with thousands of varieties being developed. The Fresh Peaches Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers a detailed Production analysis (Volume), Consumption analysis (Volume and Value), Import analysis (Volume and Value), Export analysis (Volume and Value), and Price trend analysis. The report offers the market size and forecast in both value (USD million) and volume (metric ton).
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Fresh Peaches Market Research FAQs
What is the current Fresh Peaches Market size?
The Fresh Peaches Market is projected to register a CAGR of 3.20% during the forecast period (2024-2029)
Which is the fastest growing region in Fresh Peaches Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fresh Peaches Market?
In 2024, the Asia Pacific accounts for the largest market share in Fresh Peaches Market.
What years does this Fresh Peaches Market cover?
The report covers the Fresh Peaches Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fresh Peaches Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fresh Peaches Industry Report
Statistics for the 2024 Fresh Peaches market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fresh Peaches analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
