APAC Peas Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.20 % |
APAC Peas Market Analysis
Asia Pacific Peas Market is projected to grow at a CAGR of 3.2% during the forecast period (2020-2025). Peas are traded worldwide and grow well in winter or in a cool environment. This legume originated in China and India but became popular as a commercial legume crop in the middle century. In Asia, China and India are the largest pea producing countries and have a significant production volume at the global level. India is the second-largest producer, consumer and the main importer of dried peas in the world. The total production of peas in India was 5,430,000 metric tons in 2018, ranked second in the global peas production. Despite having huge production, the country is unable to meet the demand of its large and rising population. The high consumer demand for dried peas in the country has made India the importer of peas in the world.
APAC Peas Market Trends
This section covers the major market trends shaping the APAC Peas Market according to our research experts:
Growing Demand for Plant Protein (Pea Protein) Ingredients鈥�
The demand for dry pea protein ingredients is shooting up in Asian countries such as India and China. The demand for plant protein is booming, primarily due to the rising incomes in the emerging markets of Asia-Pacific. The increasingly fitness-conscious population and a gradual shift to vegan protein diets from consuming meat products are the factors driving the demand for peas in the market. Owing to their high nutritional qualities and increased western influence, pea proteins have gained popularity even in developing countries. The soaring demand for pea protein ingredients would provide several opportunities to the producers. The emergence of pea protein as a value-added product from a traditionally direct-consumption market is expected to considerably enhance the growth prospects of pea processors and food manufacturers. This, in turn, has driven the market growth for peas during the forecast period.
Favorable Government Policies are Supporting the Market Growth
China and India are two of the major producers and consumers of peas in the country. In spite of high domestic production, these countries depend on imports to meets their domestic demand. In order to lessen the imports and increase domestic production, countries such as India have brought many policies favoring the growth of peas in the region. The Indian government put a 50% import duty on the import of peas and restrict the import of green peas to support domestically grown peas such as chickpea and pigeon pea. The government is also providing Minimum Support Prices (MSPs) to support farmers when prices of peas tend to fluctuate in the market. Further, the government has extended the buffer stocks of peas under its Central Warehousing Cooperation (CWC) to support its market growth.
APAC Peas Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 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 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.4 Market Restraints
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4.5 Value Chain Analysis
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5. MARKET SEGMENTATION
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5.1 Geography
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5.1.1 Asia-Pacific
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5.1.1.1 China
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5.1.1.1.1 Production Analysis
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5.1.1.1.2 Consumption Analysis and Market Value
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5.1.1.1.3 Import Market Analysis (Volume and Value)
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5.1.1.1.4 Export Market Analysis (Volume and Value)
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5.1.1.1.5 Price Trend Analysis
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5.1.1.2 Australia
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5.1.1.2.1 Production Analysis
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5.1.1.2.2 Consumption Analysis and Market Value
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5.1.1.2.3 Import Market Analysis (Volume and Value)
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5.1.1.2.4 Export Market Analysis (Volume and Value)
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5.1.1.2.5 Price Trend Analysis
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5.1.1.3 India
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5.1.1.3.1 Production Analysis
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5.1.1.3.2 Consumption Analysis and Market Value
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5.1.1.3.3 Import Market Analysis (Volume and Value)
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5.1.1.3.4 Export Market Analysis (Volume and Value)
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5.1.1.3.5 Price Trend Analysis
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5.1.1.4 Japan
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5.1.1.4.1 Production Analysis
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5.1.1.4.2 Consumption Analysis and Market Value
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5.1.1.4.3 Import Market Analysis (Volume and Value)
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5.1.1.4.4 Export Market Analysis (Volume and Value)
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5.1.1.4.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC 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. The report defines peas products, in terms of the end-users. For the purpose of this report, the market scope includes only peas that include shelled and unshelled peas. The production, consumption, import, export, value chain, and pricing analysis have been provided for the Asia Pacific Peas Market.
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APAC Peas Market Research FAQs
What is the current Asia-Pacific Peas Market size?
The Asia-Pacific Peas Market is projected to register a CAGR of 3.20% during the forecast period (2024-2029)
What years does this Asia-Pacific Peas Market cover?
The report covers the Asia-Pacific Peas Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Peas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Peas Industry Report
Statistics for the 2024 Asia-Pacific Peas market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Asia-Pacific 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.
