Asia-Pacific Peas Market Size (2024 - 2029)

The Asia Pacific peas market is experiencing growth, with significant contributions from China and India, which are the largest producers in the region. Despite India's substantial production capacity, it faces challenges in meeting the domestic demand due to its large and growing population, leading to its status as a major importer of dried peas. The market size in this region is influenced by these dynamics, as well as the global trade of peas, which thrive in cooler climates.

Market Size of Asia-Pacific Peas Industry

Capture
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.20 %

Major Players

Asia-Pacific Peas Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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.

Geography
Asia-Pacific
China
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Australia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
India
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Japan
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
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Asia-Pacific Peas Market Size Summary

The Asia Pacific peas market is experiencing a steady growth trajectory, driven by increasing demand for plant-based protein sources. Peas, originally cultivated in China and India, have become a significant commercial crop in the region, with these countries leading in production and consumption. Despite their substantial output, India and China still rely on imports to satisfy their domestic needs, highlighting a gap between production and consumption. This demand is fueled by rising incomes and a growing trend towards vegan diets, as more consumers shift from meat to plant-based proteins. The popularity of pea protein, due to its nutritional benefits and Western influence, is creating new opportunities for producers and food manufacturers, enhancing the market's growth prospects.

To bolster domestic production and reduce reliance on imports, countries like India have implemented supportive policies. These include imposing import duties and providing financial incentives such as Minimum Support Prices (MSPs) to stabilize market prices. Additionally, the Indian government has expanded buffer stocks through its Central Warehousing Cooperation to further support the market. These strategic measures aim to strengthen the local pea industry, ensuring it can meet the rising consumer demand and capitalize on the growing trend of plant-based diets in the Asia Pacific region.

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Asia-Pacific Peas Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

    4. 1.4 Market Restraints

    5. 1.5 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Geography

      1. 2.1.1 Asia-Pacific

        1. 2.1.1.1 China

          1. 2.1.1.1.1 Production Analysis

          2. 2.1.1.1.2 Consumption Analysis and Market Value

          3. 2.1.1.1.3 Import Market Analysis (Volume and Value)

          4. 2.1.1.1.4 Export Market Analysis (Volume and Value)

          5. 2.1.1.1.5 Price Trend Analysis

        2. 2.1.1.2 Australia

          1. 2.1.1.2.1 Production Analysis

          2. 2.1.1.2.2 Consumption Analysis and Market Value

          3. 2.1.1.2.3 Import Market Analysis (Volume and Value)

          4. 2.1.1.2.4 Export Market Analysis (Volume and Value)

          5. 2.1.1.2.5 Price Trend Analysis

        3. 2.1.1.3 India

          1. 2.1.1.3.1 Production Analysis

          2. 2.1.1.3.2 Consumption Analysis and Market Value

          3. 2.1.1.3.3 Import Market Analysis (Volume and Value)

          4. 2.1.1.3.4 Export Market Analysis (Volume and Value)

          5. 2.1.1.3.5 Price Trend Analysis

        4. 2.1.1.4 Japan

          1. 2.1.1.4.1 Production Analysis

          2. 2.1.1.4.2 Consumption Analysis and Market Value

          3. 2.1.1.4.3 Import Market Analysis (Volume and Value)

          4. 2.1.1.4.4 Export Market Analysis (Volume and Value)

          5. 2.1.1.4.5 Price Trend Analysis

Asia-Pacific Peas Market Size FAQs

The Asia-Pacific Peas Market is projected to register a CAGR of 3.20% during the forecast period (2024-2029)

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 Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)