DUBLIN–(BUSINESS WIRE)–The “Peas Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The global peas production is projected to register a CAGR of 4.3%, during the forecast period (2021-2026).
Key Market Trends
Growing Demand for Pea Protein Ingredients is Driving the Market
Pea proteins extracted from yellow peas dominate the 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.
United States Dominate The North America Region
The United States, Canada, and Mexico are the leading producer of peas in North America. 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. According to the ITC Trade Map, the United States represents about 13.4% of global exports with USD 51,209.0 thousand in 2019. According to FAO, dry peas production in the United States increased from 643.0 thousand metric ton in 2017 to 1,013 thousand metric ton in 2019. The growing consumption of pea derived products in the region is driving the growth of the market
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
5 MARKET SEGMENTATION
5.1 Geography ( Production Analysis, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value and Price Trend analysis)
5.1.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
5.1.4 South America
184.108.40.206 South Africa
6 MARKET OPPORTUNITIES AND FUTURE TRENDS
7 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/81mqq7
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