Market Size of South America Peas Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.10 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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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 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 Size Summary
The South America peas market is experiencing a steady growth trajectory, driven by the increasing global demand for plant-based proteins. This demand is particularly notable among health-conscious consumers who are transitioning from animal products to vegan protein diets. The region is a significant player in the global peas production landscape, with Argentina leading in the cultivation of various pea varieties such as chickpeas, cowpeas, pigeon peas, and green peas. The high quality of South American peas, particularly from Argentina, has positioned them as a preferred choice for international markets, with major importers including countries in Asia and Europe. The export value of these peas is bolstered by their suitability for human consumption, which further enhances their appeal in global markets.
Argentina's dominance in the peas market is further supported by its strategic agricultural practices and regulatory measures aimed at ensuring food safety and quality. The country's focus on using certified seeds for chickpea cultivation, as mandated by the National Seed Institute, underscores its commitment to maintaining high standards that meet international import requirements. This regulatory framework not only supports domestic production but also strengthens Argentina's export capabilities, particularly to countries like Pakistan, Spain, Italy, Colombia, and the United States. As the global shift towards plant-based diets continues, the South American peas market is poised for sustained growth, with Argentina and Peru emerging as key beneficiaries of this trend.
South America Peas 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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2. MARKET SEGMENTATION
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2.1 By Country
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2.1.1 Argentina
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2.1.1.1 Production Analysis
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2.1.1.2 Consumption Analysis and Market Size
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2.1.1.3 Import Market Analysis (Volume and Value)
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2.1.1.4 Export Market Analysis (Volume and Value)
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2.1.1.5 Price Trend Analysis
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2.1.2 Peru
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2.1.2.1 Production Analysis
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2.1.2.2 Consumption Analysis and Market Size
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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 Colombia
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2.1.3.1 Production Analysis
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2.1.3.2 Consumption Analysis and Market Size
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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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South America Peas Market Size 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.