Peas

The “Peas Market” report delivers data about the landscapes which drive the development of Peas industry. The Peas market consists of large key companies who play a vital role in the production, manufacturing, sales, and distribution of the products. Peas market research report provides crucial information related to overall Peas market with respect to market size, applications, end-user industry size, types, and various other factors.

Scope of the Report:

  • 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 grown primarily as forage crops. Pea crop is a grain legume which 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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    Market Overview:

  • The global pea production is projected to grow at a CAGR of 5.96% during the forecast period (2019-2024). Pea cultivation is suitable to the cold climatic regions such as North America and Europe where various commercial varieties of peas such as dry peas, yellow, green, maple, green marrowfat, and Austrian winter peas are grown. Dry peas are ranked fourth in terms of world production of legumes below soybeans, peanuts, and dry beans. Yellow peas and green peas are the commercially grown varieties, with yellow peas dominating the global production.The increasing world population, mainly in the developing regions, is continuously driving the consumption demand for dry peas which also acts as a major driving force behind the growth of the peas market.

    Competitive Landscape: The report also presents the market competitive landscape and a corresponding detailed analysis of the major players in the market. Peas Market Segment by Key Players 

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    Key Market Trends:

    Growing Demand for Plant Protein Pea Protein Ingredients is driving the market

    Pea proteins extracted from yellow peas dominate the global food industry. It is added to veggie burgers, energy bars, and popcorn to milk, yogurt, and ice cream. Even in some cases, pea protein is replacing soy protein isolates in processed foods.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 the developing countries.

    North America dominates the market

    Minnesota is the largest pea-producing state in the United States. Other green pea-producing states following Minnesota are Washington, New York, Wisconsin, and Oregon. However, Montana, North Dakota, and Idaho are the major dry pea production states.In 2017, dry peas were greatly affected by extreme drought conditions in the northern plains of the country. More than 75% of the total US dry pea production is exported to India, China, and Spain for food and feed processing.US, Canada, and France are the top exporters of peas worldwide; Canada leads the global export market with a share of 50.8%

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    There are 4 key segments covered in this Peas Market report:

    • Competitor segment
    • Product type segment
    • End-use/application segment
    • Geography segment

    What does this report deliver?

    • Comprehensive analysis of the Peas market with respect to regions.
    • Complete coverage of all the segments in the Peas market to analyze the trends, developments in the global market and forecast of market size up to 2024.
    • Comprehensive analysis of the companies operating in the Peas market.
    • The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
    • The growth matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

    Peas Market Report TOC Contains the Following Points:

    • Introduction of Market or Scope of Report
    • Research Methodology of Peas Market
    • Executive Summary of Peas Market
    • Overview of Peas Market
    • Market Drivers, Restraints, Opportunities, and Key Challenges of Peas Market
    • Peas Market Segmentation by Product Type, Applications, and End-Users
    • Competitive Landscape by New Product Launches, Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships
    • Peas Market Analysis by Key Players
    • Future Trends and Recent Developments of Peas Market

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