Peach is a temperate fruit and is grown in various edaphoclimatic settings worldwide. Brown rot, caused primarily by Monilinia spp. is one of the most destructive peach diseases. The disease results in severe pre-harvest and post-harvest losses. More than half of the world’s post-harvest losses of peach can be attributed to brown rot disease. Despite the widespread adoption of management strategies such as pruning, removing fruit mummies, eliminating wild plums, chemical control remains an effective strategy for managing brown rot disease. However, environmental and human health impacts of chemical control and fungicides resistance consequences, these management tactics tend to be re-evaluated. The aim of this review is to comprehensively sum up the available information on the taxonomy, distribution, epidemiology, symptomology, molecular and morphological characterization of brown rot disease, and to date management approaches. However, fast paced current research on brown rot disease of peach management should be carefully updated for the full-proof control of the fungi. Nevertheless, more research and review of the information regarding various aspects of diseases management exclusively biocontrol agents are needed to exploit their actual potential, which is the salient objective of this review. This review will open new avenues giving future prospects and research agenda to the scientists working on this serious pathosystem of peach.