Stone Fruits Market - Forecasts from 2023 to 2028

The stone fruits market is estimated to grow at a CAGR of 3.71% during the forecast period.

The stone fruits market is anticipated to rise at a steady pace throughout the projected period. Peaches, cherries, mangoes, plums, and raspberries among others are some of the common types of stone fruits. The stone fruit season is narrow but the different seasons for different stone fruits make it easily available throughout the year. The health benefits of stone fruits are phenomenal such as developing antioxidants for chronic conditions, strengthening bones, promoting digestive health, and supporting the immune system. These benefits along with the strong export demand and increased consumption aid the growth of the stone fruits market.

Diversification in the product is an innovative measure for the market growth

There are numerous types of stone fruits grown in the world with different regional preferences. For instance, yellow-fleshed acid types peaches are in more demand in the North American market whereas China and Japan prefer low-acid white peaches. Flat peaches have also entered the European market. Moreover, people are more encouraged to incorporate colourful fruits into their diets, and with this, the growers of the stone fruit are constantly coming up with diversified stone fruits. These diversifications pave the way for the market growth of stone fruit.

Health Benefits of Stone Fruit

Peaches have carotenoids, anthocyanins, and general phenolics that have antioxidant properties and help in protecting against various pathological conditions such as cancer, inflammation, and other circulatory problems. Stone fruits are enriched with vitamin C which helps in reducing respiratory infections. Moreover, stone fruits are being eaten as an immunity booster and after the COVID-19, people have become more aware of their health benefits. Due to these benefits, there is potential for cultivars to grow stone fruits specifically for the health benefits thereby increasing the stone fruit market size.

Globalization and year-round supplies

Turkey was the largest exporter of peaches and nectarines in 2021-22 as per the reports of USDA, Foreign Agriculture Service. Imports and exports of the stone fruit are rising in the economies thus expanding the stone fruit market size. For instance, the import in 2022-23 is expected to reach 630,000 tons worldwide owing to greater shipments to the European Union and China. This worldwide increase in the import and export market coupled with good growing conditions is expected to boost the stone fruit market size.

Opportunities and Government Schemes are driving the market growth

There are various schemes being introduced for the better production of stone fruit by government and institutions. In March 2023, the IT department planted 81 plants of apple, walnut and stone fruits in the Srinagar region of Kashmir as a part of an increasing green initiative. These initiatives coupled with technological advancements aid the growth of the stone fruit market.

Stone Fruit Key Players

• Fruit World Co. is one of the leading companies in the stone fruits market farming for generations. Fruit World supplies cherries, apricots, and peaches & nectarines. The company's mission to grow and ship the highest quality and tastiest fruits in the market make it one of the trusted company in the market.
• Salix Fruits, an American-based global imported and exporter of stone fruits are in the market for more than 15 years. The stone fruit offered by the company are peaches, nectarines, plums, and cherries from growers in Greece, Argentina, Chile, Spain, and Australia.
• Plus Berries, a Spain-based stone fruit company is in the market for the last few years. It provides a range of stone fruits including nectarines, apricot, red peach, yellow peach, flat peach, yellow plums, and red plums. Moreover, the company also applies innovative technologies in storing and packaging the fruit thereby preserving the freshness and aroma of the stone fruits.

Market Key Developments

• In March 2023, Salix Fruits, one of the leading companies in the stone fruits market announced its opening of a new office in Egypt. The company now has 6 locations worldwide including the new office which is close to the growers and thus will help in supplying fresh fruits to the growing demand.
• In 2022, Pear cultivars were added to the Pro-Hort program in partnership with Provar, an independent cultivar evaluation company. The objective of the program was to assess the new prome and stone fruit cultivars and provide unbiased results to the growers.
• In April 2022, two orchards in the premier stone fruit growing regions of Australia (Goulbram Valley and Cobram) were acquired by Warakirri Farmlands as a part of the stone fruit category strategy. This acquisition will expand Montague's stone fruit production footprint.

Segmentation:

By Type

• Peaches
• Nectarines
• Plums
• Cherries
• Mangoes
• Others

By Application

• Juice Concentrate
• Ready-to-Drink Juice
• Nectar
• Wine
• Jams
• Others

By End-User

• Bakery Confectionaries
• Food Processing Companies
• Hotels and Restaurants
• Cosmetics
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others