The peaches and nectarines industry is projected to reach a value of $24.2 million by 2032, a recent DiMarket report stated. This growth represents a CAGR of 3.46 % during the forecast period.
According FreshFruitPortal, this growth is attributed to factors such as the benefits of hybrid seeds, government initiatives, rising food security concerns, and technological advancements. Hybrid seeds offer enhanced yield, disease resistance, and improved fruit quality, driving their adoption in commercial farming.
Global production has been fairly stable during the last 5 years, ranging between 650,000 to 710,000 tons. China leads global production, contributing over 50% of the total.
Read also: French peach-nectarine producers protest against low prices
These categories are crucial in global agriculture, producing highly sought-after stone fruits. This sector features diverse cultivars, primarily divided into clingstone and freestone varieties, with advancements in grafting and crossbreeding technologies enhancing yield and quality.
Applications extend beyond fresh consumption to processed products like jams, juices, and canned goods. Precision farming, integrated pest management, and advanced irrigation techniques have significantly impacted productivity and sustainability.
The industry’s advantages include economic contributions to rural economies, nutritional benefits, and support for biodiversity. Technological progress and efficient supply chains continue to drive growth and resilience in this vital agricultural domain.
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