South America Peas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The South America Peas Market Report is Segmented by Geography (Argentina, Peru, and Colombia). A Detailed Analysis of the Production (Volume), Consumption (Value and Volume), Imports (Value and Volume), and Exports (Value and Volume), Along With Pricing and Value Chain Analysis, Has Been Provided in the Report. The Report Offers Market Size in Terms of Value (USD) and Volume (Metric Tons) for all the Above-Mentioned Segments.

South America Peas Market Size

South America Peas Market Summary
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South America Peas Market Analysis

The South America Peas Market size is estimated at USD 319.5 million in 2025, and is expected to reach USD 372.20 million by 2030, at a CAGR of 3.10% during the forecast period (2025-2030).

The South American pea market exhibits strong growth and serves as a major contributor to global pea production, encompassing green peas, yellow peas, and split peas across the region. Argentina leads the production, accounting for over 34.8% of South America's dry pea cultivation. According to FAO Statistics, the country produced 59,813 metric tons in 2023, benefiting from favorable winter growing conditions that allow farmers to optimize crop rotation cycles and yield potential.

The region's exports have gained momentum, particularly in Brazil, where dry peas exports grew by 20.6% between 2021 and 2023, according to ITC Trade Map. This increase corresponds with rising global demand, particularly in the plant-based protein market where peas are essential ingredients in meat alternatives and protein supplements. Argentina, Peru, and Colombia have strengthened the value chain by becoming important processing centers, where modern extraction and processing technologies add value to raw pea products.

Research institutions and government organizations are supporting Argentina's farmers by providing improved varieties and practices to enhance pea production. IICAR-CONICET (Consejo Nacional de Investigaciones Científicas y Técnicas), with support from the Argentinian Ministry of Science, aims to implement Speed Breeding techniques in the pulse industry, including peas. This initiative could reduce crop development time by half and introduce innovative varieties by 2025.

The market faces challenges from competition with other legumes and weather-related production issues. However, infrastructure investments are playing a significant role in overcoming these hurdles. According to Peru's Business and Investment Guide in Agriculture and Agribusiness, the country’s USD 3.6 billion port development project in 2024 has significantly reduced transit time between Asia and Peru by 33%. This improvement is projected to boost pea exports by enhancing the efficiency and cost-effectiveness of trade logistics.

   

South America Peas Market News

  • October 2024: Ingredion Incorporated introduced VITESSENCE Pea 200 D, a pea protein isolate for food, beverage, and industrial applications in South America. The protein isolate offers enhanced dispersibility in applications requiring higher solubility to achieve smooth and creamy textures.
  • March 2022: A researcher and agronomist from Argentina’s CONICET (Consejo Nacional de Investigaciones Cristales y Tecnicas), aims to introduce speed breeding technologies to the pulse industry, which includes peas, with the aim of producing more productive crops, that is supported by Argentina’s Ministry of Science.

South America Peas Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increase in Demand to International Markets
    • 4.2.2 Increasing Awareness towards Risk Factors in Meat Consumption
    • 4.2.3 Growing Vegan Population and Health Diet Concept
  • 4.3 Market Restraints
    • 4.3.1 Lack of Protein Content in Peas
    • 4.3.2 Low Processing Outputs Result in Limited Supply to Manufacturers
  • 4.4 Value Chain Analysis

5. MARKET SEGMENTATION

  • 5.1 Country
    • 5.1.1 Argentina
    • 5.1.1.1 Production Analysis
    • 5.1.1.2 Consumption Analysis and Market Size
    • 5.1.1.3 Import Market Analysis (Volume and Value)
    • 5.1.1.4 Export Market Analysis (Volume and Value)
    • 5.1.1.5 Price Trend Analysis
    • 5.1.2 Peru
    • 5.1.2.1 Production Analysis
    • 5.1.2.2 Consumption Analysis and Market Size
    • 5.1.2.3 Import Market Analysis (Volume and Value)
    • 5.1.2.4 Export Market Analysis (Volume and Value)
    • 5.1.2.5 Price Trend Analysis
    • 5.1.3 Colombia
    • 5.1.3.1 Production Analysis
    • 5.1.3.2 Consumption Analysis and Market Size
    • 5.1.3.3 Import Market Analysis (Volume and Value)
    • 5.1.3.4 Export Market Analysis (Volume and Value)
    • 5.1.3.5 Price Trend Analysis

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America Peas Industry Segmentation

Pea crop is a grain legume that produces high protein feed for animals, as well as human nutrition. South American peas market is segmented by Geography (Argentina, Peru, and Colombia). A detailed Analysis of the Production (Volume), Consumption (Value and Volume), Imports (Value and Volume), and Exports (Value and Volume), along with Pricing and Value Chain Analysis, has been provided in the report. The report offers market size in terms of value (USD) and volume (Metric Tons) for all the above-mentioned segments.

Country Argentina Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Peru Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Colombia Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
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South America Peas Market Research FAQs

How big is the South America Peas Market?

The South America Peas Market size is expected to reach USD 319.5 million in 2025 and grow at a CAGR of 3.10% to reach USD 372.20 million by 2030.

What is the current South America Peas Market size?

In 2025, the South America Peas Market size is expected to reach USD 319.5 million.

What years does this South America Peas Market cover, and what was the market size in 2024?

In 2024, the South America Peas Market size was estimated at USD 309.60 million. The report covers the South America Peas Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Peas Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Peas Industry Report

Statistics for the 2025 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 for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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South America Peas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)