North America Peas Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The detail analysis of Peas Market in North America is segmented based on production, consumption, imports, and exports of peas within the North American region. A price trend analysis has also been included.

Market Snapshot

biopesticides market
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 3.7 %

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Market Overview

The market for peas in North America is estimated to grow at a CAGR of 3.7% in terms of consumption during the forecast period of 2020-2025. Peas are annual pulse legume crops that are consumed throughout the globe and are grown in a cold climate. North America is the largest producer and exporter of dried peas in the world. Canada dominates the pea production and export market in the region, followed by the US. The wide varieties of peas grown in the region are yellow peas, green peas, and Austrian winter peas. Yellow and green peas account for two-thirds of the total North America peas production.

Scope of the report

Pea proteins extracted from peas dominate the food industry. They are added to veggie burgers, energy bars, and popcorn to milk, yogurt, and ice cream. In some cases, pea protein is replacing soy protein in processed foods, thereby leading to the high demand for peas in the market. The increasingly fitness-conscious population and a gradual shift to vegan protein diets from consuming meat products drive the demand for peas in the market.

United States
Production Analysis
Consumption Analysis
Import Analysis by Volume and Value
Export Analysis by Volume and Value
Price Trend Analysis
Canada
Production Analysis
Consumption Analysis
Import Analysis by Volume and Value
Export Analysis by Volume and Value
Price Trend Analysis
Mexico
Production Analysis
Consumption Analysis
Import Analysis by Volume and Value
Export Analysis by Volume and Value
Price Trend Analysis

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Key Market Trends

Growing Demand for Plant Protein and Pea Protein Ingredients

With consumers being more conscious about their health, the demand for healthy and low-fat food has increased globally, and this has motivated the intake of vegan diets among health-conscious people. The growing trend of veganism worldwide is also fueling plant protein-based products in countries such as the United States, China, and India. Peas have played a significant role in overcoming challenges associated with protein-energy malnutrition in developing and under-developed countries, thereby driving the growth of the yellow peas market, globally. Thus, the rush to introduce new products based on plant-protein and a spike in demand due to rising vegetarians in several countries have boosted the growth of the yellow peas market in the study period.

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Increasing Export Demand of Peas from United States and Canada

The total export of peas from Canada to the world market in 2017 was 3.2 million metric ton, which accounts for 44% of the world export volume. The total global export of the United States in 2017 was 0.39 million metric ton, down by 0.17 million metric ton from the previous year. More than 70% of the total US dry pea production is exported to India, China, and Spain, for food and feed processing. The United States ranks eighth in the global import of peas. The major export markets for Canadian peas are Southeast Asian countries, such as China, Japan, Bangladesh, Sri Lanka, and Central and South America.

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 United States

      1. 5.1.1 Production Analysis

      2. 5.1.2 Consumption Analysis

      3. 5.1.3 Import Analysis by Volume and Value

      4. 5.1.4 Export Analysis by Volume and Value

      5. 5.1.5 Price Trend Analysis

    2. 5.2 Canada

      1. 5.2.1 Production Analysis

      2. 5.2.2 Consumption Analysis

      3. 5.2.3 Import Analysis by Volume and Value

      4. 5.2.4 Export Analysis by Volume and Value

      5. 5.2.5 Price Trend Analysis

    3. 5.3 Mexico

      1. 5.3.1 Production Analysis

      2. 5.3.2 Consumption Analysis

      3. 5.3.3 Import Analysis by Volume and Value

      4. 5.3.4 Export Analysis by Volume and Value

      5. 5.3.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The North America Peas Market market is studied from 2016 - 2026.

The North America Peas Market is growing at a CAGR of 3.7% over the next 5 years.

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