Market Size of Peas Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.30 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
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Peas Market Analysis
The peas market is projected to register a CAGR of 4.3% during the forecast period.
- The increasing world population, mainly in the developing regions, is continuously driving the consumption demand for peas, which also acts as a major driving force behind the growth of the peas market. Yellow peas and green peas are commercially grown varieties, with yellow peas dominating global production.
- The various commercial varieties of peas, such as dry peas, yellow, green, maple, green marrowfat, and Austrian winter peas, are grown globally. The growing risk of obesity and other health issues among the population has shifted them toward a healthy diet. Dried peas, rich in nutrients such as calories, carbs, protein, vitamins, and fibers, help reduce cholesterol levels and the risk of cardiovascular diseases. This is driving the demand for consumption among the population around the globe.
- Besides human consumption, dried peas are also hugely utilized in the medical industry and animal feeds. The multipurpose uses drive the demand for peas.
- The increasing shift to plant-based protein, easy availability, and rising awareness about health are anticipated to drive the consumption of fresh peas globally in the upcoming years.
