Market Size of Asia-Pacific Peas Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.20 % |
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APAC Peas Market Analysis
Asia Pacific Peas Market is projected to grow at a CAGR of 3.2% during the forecast period (2020-2025). Peas are traded worldwide and grow well in winter or in a cool environment. This legume originated in China and India but became popular as a commercial legume crop in the middle century. In Asia, China and India are the largest pea producing countries and have a significant production volume at the global level. India is the second-largest producer, consumer and the main importer of dried peas in the world. The total production of peas in India was 5,430,000 metric tons in 2018, ranked second in the global peas production. Despite having huge production, the country is unable to meet the demand of its large and rising population. The high consumer demand for dried peas in the country has made India the importer of peas in the world.