South America Peas Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.10 % |
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South America Peas Market Analysis
South America Peas Market is projected to grow at a CAGR of 3.1% during the forecast period (2020-2025). The peas produced in South America have higher export value as they are mainly used for human consumption due to their high quality. Chick peas, Cow peas, Pigeon peas and green peas are some of the major pea varieties which are grown in this region. Argentina dominates the production of farm peas in the region and also has a significant presence in the global peas export. Asian countries such as India, Pakistan and European countries such as Spain and Italy are the major importers of South American peas.
South America Peas Market Trends
This section covers the major market trends shaping the South America Peas Market according to our research experts:
Increase in Demand to International Markets
South America is one of the major producer of peas across the globe. In the recent years, across the globe there is a growing demand for plant protein which includes peas, among health conscious consumers who have shifted their dietary habits to vegan protein diets from animal products. The low prices and high protein content is making consumers to shift towards pea protein diets. The increase in demand for pea protein has greatly enhanced the growth prospects of major producing countries such as Argentina and Peru in the region. Asian countries such as India and European countries such as spain and Italy are the major importers of South American Peas. With more consumers shifting towards plant proteins such as pea, the demand for South American peas is expected to grow during the forecast period.
Argentina Dominates the Regional Pea Production
Argentina is one of the major producer of green peas and chickpea in the region. According to Food and Agriculture Organization of the United Nations (FAO) , The major chickpea growing areas in Argentina are the Province of Cordoba and the northwestern region of the country. The growing importance in food safety standards has promoted the National Seed institute to pass a regulation by which all chickpeas growers must use certified seeds starting from January 2020. These certifications will ensure safety and transparency among the importing countries thereby boosting regional exports from the country. Pakistan, Spain, Italy Colombia and the United States were the major importing destininations for Agentina's green peas.
South America Peas Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Value Chain Analysis
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5. MARKET SEGMENTATION
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5.1 By Country
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5.1.1 Argentina
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5.1.1.1 Production Analysis
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5.1.1.2 Consumption Analysis and Market Size
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5.1.1.3 Import Market Analysis (Volume and Value)
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5.1.1.4 Export Market Analysis (Volume and Value)
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5.1.1.5 Price Trend Analysis
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5.1.2 Peru
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5.1.2.1 Production Analysis
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5.1.2.2 Consumption Analysis and Market Size
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5.1.2.3 Import Market Analysis (Volume and Value)
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5.1.2.4 Export Market Analysis (Volume and Value)
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5.1.2.5 Price Trend Analysis
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5.1.3 Colombia
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5.1.3.1 Production Analysis
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5.1.3.2 Consumption Analysis and Market Size
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5.1.3.3 Import Market Analysis (Volume and Value)
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5.1.3.4 Export Market Analysis (Volume and Value)
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5.1.3.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7. IMPACT OF COVID-19
South America Peas Industry Segmentation
Peas are the fourth-most important legume crop, following soybean, groundnut, and beans. These are cool-season crops with numerous usages for food and animal feed. Pea varieties include garden peas (fresh and green peas), field peas (dried peas), and pea varieties are grown primarily as forage crops. Pea crop is a grain legume that produces high protein feed for animals, as well as human nutrition. Peas are a rich source of proteins, amino acids, and sugars. Also, they are fairly low in calories and contain several vitamins, minerals, and antioxidants.
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South America Peas Market Research FAQs
What is the current South America Peas Market size?
The South America Peas Market is projected to register a CAGR of 3.10% during the forecast period (2024-2029)
What years does this South America Peas Market cover?
The report covers the South America Peas Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Peas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Peas Industry Report
Statistics for the 2024 South America Peas market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Peas analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
