What is Stone Fruit Market?
Stone fruits are a type of drupe, thin-skinned, fleshy fruits containing a single large seed encased within a tough outer shell. Apricots, kiwis, nectarines, peaches, and plums which all belong to the genus prunes are considered stone fruit. Stone fruit provides benefits like encouraging healthy digestion, fighting diabetes and obesity, boosting immunity, etc. The growing consumer appetite for healthy eating and food choices driving the market stone fruits. Moreover, Turkey is one of the major exporters of stone fruit over the globe. Turkey exports around 250,000 Metric Tons of stone fruits yearly, with the majority going to European Union countries and Russia.
Highlights from Stone Fruit Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Dole plc (Ireland), Pacific Trellis Fruit LLC (United States), Prima Wawona (United States), Sunwest Fruit (United States), Titan Farms (United States), Stemilt Growers (United States), Salix Fruits (Argentina), Canadian Fruit and Produce Company (Canada), Trinity Fruit Company (United States), Giumarra Companies (United States), Mastronardi Produce Ltd. (Canada) and Family Tree Farms (United States)|
The global stone fruit market is fragmented due to the presence of a number of players. The players are focusing on the expansion of production and improving the quality of the stone fruits. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Stone Fruit market throughout the forecasted period. Dole plc (Ireland), Pacific Trellis Fruit LLC (United States), Prima Wawona (United States), Sunwest Fruit (United States), Titan Farms (United States), Stemilt Growers (United States), Salix Fruits (Argentina), Canadian Fruit and Produce Company (Canada), Trinity Fruit Company (United States), Giumarra Companies (United States), Mastronardi Produce Ltd. (Canada) and Family Tree Farms (United States) are some of the key players profiled in the study.
Stone Fruit Market Segmentation:
|Application / End User||Juice Concentrate, Ready-To-Drink Juice, Nectar, Wine, Jams and Others|
|Type||Peaches, Nectarines, Plums, Cherries, Mangoes and Others|
|End-User||Bakery Confectionaries,Food Processing Companies,Hotels and Restaurants,Cosmetics,Others|
|Sales Channel||Online Channel,Supermarkets,Retail Vendors,Others|
On the basis of geography, the market of Stone Fruit has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Strong Export Demand in Recent Years
- Changing Consumer's Preference from Peaches to Nectarines in Domestic as well as International Markets
- Introduction and Popularity of New Stone Fruits
- Shortage of Labour is a Major Concern among Players
- Stable Export Demand and Government Support for better Marketing Facilities create Opportunities for the Market Growth
- Increasing Consumption of Stone Fruits to Boost Immunity
- Problems related to Production of Stone Fruits due to High Temperature
Market Leaders & Development Strategies
On 4th April 2022, Warakirri Farmland Fund announced the acquisition of the Two Stone Fruits Orchards from the Montague. This Partnership will expand Montague’s stone fruit production footprint to be one of the largest growers of premium plu0mps, nectarines, apricots, and peaches, building on its existing capability in this sector and market-leading position in the apple category.
On 26th November 2020, Greek Canners Association announced a collection and processing of stone fruits production, commenting on the unfavorable economic context due to the COVID-19 pandemic. This association expresses concerns regarding the exports of canned peach which is great difficult because of restrictive measures taken to avoid the spread of coronavirus.
Key Target AudienceStone Fruit Manufacturers, Stone Fruit Suppliers & Distributors, New Entrants/Investors, Analysts and Strategic Business Planners, Government Bodies, End-Users and Others