Market Size of Europe Pea Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 14.50 Billion |
| Market Size (2029) | USD 20.22 Billion |
| CAGR (2024 - 2029) | 6.88 % |
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Europe Pea Market Analysis
The Europe Pea Market size is estimated at USD 14.5 billion in 2024, and is expected to reach USD 20.22 billion by 2029, growing at a CAGR of 6.88% during the forecast period (2024-2029).
- Pea is one of the nutritional crops grown in the European region, which is rich in protein content and can be produced quickly. Peas are a rich source of proteins, amino acids, and sugars. Also, they are relatively low in calories and contain several vitamins, minerals, and antioxidants. Peas, a rich source of protein along with their nitrogen-fixing capacity, increase their regional demand, driving the market.
- Dried peas are commercially traded in the region in different varieties, including dried yellow peas, Austrian Winter, and dried green peas. In Europe, the excellent climatic environment of the area supports the high peas production.
- Further, pea crops are grain legumes that produce high protein feed for animals and human nutrition. Favorable climatic conditions and suitable soils support the cultivation of grain peas for livestock feed in southeast Europe. Additionally, pea provides valuable plant protein that can reduce the use of imported protein in livestock feeding.
- The crop is cultivated for dual purposes in various countries within the region, such as Bulgaria: firstly, as forage, which is harvested green, and secondly, for grain. The crop is rotated to exploit its fertility-raising features. Therefore, the increasing livestock production has also favored the growth of the market in the region.
