Market Size of Europe Pea Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 14.50 Billion |
| Market Size (2029) | USD 20.22 Billion |
| CAGR (2024 - 2029) | 6.88 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Pea Market Analysis
The Europe Pea Market size is estimated at USD 14.5 billion in 2024, and is expected to reach USD 20.22 billion by 2029, growing at a CAGR of 6.88% during the forecast period (2024-2029).
- Pea is one of the nutritional crops grown in the European region, which is rich in protein content and can be produced quickly. Peas are a rich source of proteins, amino acids, and sugars. Also, they are relatively low in calories and contain several vitamins, minerals, and antioxidants. Peas, a rich source of protein along with their nitrogen-fixing capacity, increase their regional demand, driving the market.
- Dried peas are commercially traded in the region in different varieties, including dried yellow peas, Austrian Winter, and dried green peas. In Europe, the excellent climatic environment of the area supports the high peas production.
- Further, pea crops are grain legumes that produce high protein feed for animals and human nutrition. Favorable climatic conditions and suitable soils support the cultivation of grain peas for livestock feed in southeast Europe. Additionally, pea provides valuable plant protein that can reduce the use of imported protein in livestock feeding.
- The crop is cultivated for dual purposes in various countries within the region, such as Bulgaria: firstly, as forage, which is harvested green, and secondly, for grain. The crop is rotated to exploit its fertility-raising features. Therefore, the increasing livestock production has also favored the growth of the market in the region.
Europe Pea Industry Segmentation
The pea is the tiny, spherical seed or seed pod of the flowering plant Pisum sativum. And is the fourth-most important legume crop, following soybean, groundnut, and beans. Europe Pea Market is Analyzed by Production (Volume), Consumption (Volume & Value), Imports (Volume & Value), Exports (Volume & Value), and Price Trend Analysis. The report offers the market size and forecasts in terms of volume (Metric ton) and value (USD thousand) for all the above segments.
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Europe Pea Market Size Summary
The European pea market is experiencing significant growth, driven by the crop's nutritional benefits and its ability to enhance soil fertility through nitrogen fixation. Peas are a valuable source of protein, amino acids, and vitamins, making them a staple in both human and animal nutrition. The region's favorable climatic conditions and soil quality support the robust cultivation of various pea varieties, including dried yellow and green peas. This has led to increased demand for peas, both for domestic consumption and export. The crop's dual-purpose use, as forage and grain, particularly in countries like Bulgaria, further contributes to its market expansion. The rising livestock production in Southeast Europe also plays a crucial role in boosting the market, as peas provide an essential protein source that can reduce reliance on imported feed.
European countries such as the Netherlands, France, Germany, and Belgium are key exporters of peas, with significant export opportunities to countries like Turkey, India, and the United Arab Emirates. Efforts by governments to expand pea cultivation areas, such as the Netherlands' National Protein Strategy, are expected to enhance domestic production and export potential. Russia stands out as a dominant producer within Europe, benefiting from its favorable growing conditions and increasing global demand for meat substitutes. The absence of export taxes on peas has made them an attractive commodity for Russian exporters, further driving market growth. Recent investments in pea processing facilities and the introduction of new pea-based products by companies like Roquette and Lantmännen highlight the industry's expansion and the growing interest in plant-based ingredients.
Europe Pea Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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1.5 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Russia
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2.1.1 Production Analysis
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2.1.1.1 Consumption Analysis and Market Value
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2.1.1.2 Import Market Analysis (Volume and Value)
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2.1.1.3 Export Market Analysis (Volume and Value)
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2.1.1.4 Price Trend Analysis
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2.1.2 Ukraine
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2.1.2.1 Production Analysis
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2.1.2.2 Consumption Analysis and Market Value
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2.1.2.3 Import Market Analysis (Volume and Value)
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2.1.2.4 Export Market Analysis (Volume and Value)
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2.1.2.5 Price Trend Analysis
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2.1.3 France
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2.1.3.1 Production Analysis
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2.1.3.2 Consumption Analysis and Market Value
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2.1.3.3 Import Market Analysis (Volume and Value)
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2.1.3.4 Export Market Analysis (Volume and Value)
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2.1.3.5 Price Trend Analysis
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2.1.4 Spain
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2.1.4.1 Production Analysis
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2.1.4.2 Consumption Analysis and Market Value
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2.1.4.3 Import Market Analysis (Volume and Value)
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2.1.4.4 Export Market Analysis (Volume and Value)
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2.1.4.5 Price Trend Analysis
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2.1.5 Netherlands
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2.1.5.1 Production Analysis
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2.1.5.2 Consumption Analysis and Market Value
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2.1.5.3 Import Market Analysis (Volume and Value)
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2.1.5.4 Export Market Analysis (Volume and Value)
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2.1.5.5 Price Trend Analysis
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2.1.6 Rest of Europe
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2.1.6.1 Production Analysis
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2.1.6.2 Consumption Analysis and Market Value
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2.1.6.3 Import Market Analysis (Volume and Value)
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2.1.6.4 Export Market Analysis (Volume and Value)
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2.1.6.5 Price Trend Analysis
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Europe Pea Market Size FAQs
How big is the Europe Pea Market?
The Europe Pea Market size is expected to reach USD 14.50 billion in 2024 and grow at a CAGR of 6.88% to reach USD 20.22 billion by 2029.
What is the current Europe Pea Market size?
In 2024, the Europe Pea Market size is expected to reach USD 14.50 billion.
