Market Size of Peaches and Nectarines Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.46 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Peaches and Nectarines Market Analysis
The Global Peach and Nectarines Market are esteemed to grow, witnessing a CAGR of 3.46% during the forecast period 2020-2025. According to the USDA report, the Asia Pacific holds a major share in the worldwide production of peaches and nectarines accounting for almost 70% in volume followed by Europe. Asian countries have well-drained fertile soil along with abundant sunshine and weather conditions making the production more feasible in the region. Africa alone contains 40% of the total import of peaches and nectarines with Egypt, Algeria, and South Africa taking the major share. Egypt estimates for 53% of the total import in Africa in terms of volume accounting for 29,000 tonnes in 2019. The increasing number of health-conscious and wellness-oriented consumers acts as the major growth engine for this market as peaches and nectarines are recognized as nutrient-rich fruits.
