Yet to consume each peach (5)
I believe the answer is:
beaut
'peach' is the definition.
(thesaurus)
'yet to consume each' is the wordplay.
'yet' becomes 'but' (synonyms).
'to consume' means one lot of letters goes inside another.
'each' becomes 'ea'.
'but' placed around 'ea' is 'BEAUT'.
(Other definitions for beaut that I've seen before include "fine thing" , "cracker" , "16 down's fine or attractive example of something" .)