Global Peas Market Size To Exceed USD 83.01 Billion by 2033: Market Growth Report

Global Peas Market Size To Exceed USD 83.01 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Peas Market Size is Expected to Grow from USD 66.87 Billion in 2023 to USD 83.01 Billion by 2033, at a CAGR of 2.19% during the forecast period 2023-2033.                                  

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Peas Market Size, Share, and COVID-19 Impact Analysis, By Type (Field Peas, Garden Peas, and Others), By Application (Food and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033     

The peas market refers to the global industry involved in the cultivation, processing, distribution, and sale of peas for various end uses, including food, animal feed, and industrial applications. Peas, especially green peas and dry peas (such as split peas and yellow peas), are a type of legume that is rich in protein, fiber, and essential nutrients. They are used in fresh, frozen, canned, and dried forms and are key ingredients in soups, snacks, plant-based protein products, and dietary supplements. Moreover, the peas market is driven by growing demand for plant-based protein, increasing health consciousness, and rising adoption of vegan and vegetarian diets. Additionally, peas' versatility in food products, sustainable farming appeal, and use in animal feed and functional ingredients contribute to market growth across global regions and industries. However, the peas market faces restraints such as fluctuating crop yields due to climate change, limited shelf life of fresh peas, and competition from other plant-based protein sources like soy and lentils.  

The gun-based segment accounted for the largest share of the global peas market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.  

Based on type, the global peas market is divided into field peas, garden peas, and others. Among these, the gun-based segment accounted for the largest share of the global peas market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to their widespread use in food processing, animal feed, and plant-based protein production. Their longer shelf life, adaptability to various climates, and high nutritional value make them a preferred choice over garden peas and other lesser-used pea varieties.

The food segment accounted for a substantial share of the global peas market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the application, the global peas market is divided into food and others. Among these, the food segment accounted for a substantial share of the global peas market in 2023 and is anticipated to grow rapidly during the projected period.  This is driven by increasing consumer demand for nutritious, plant-based ingredients. Peas are widely used in soups, snacks, frozen meals, and meat alternatives. Their high protein content and versatility make them a key component in both traditional and modern food products.  

North America is projected to hold the largest share of the global peas market over the projected period. 

North America is projected to hold the largest share of the global peas market over the projected period. This is driven by high demand for plant-based proteins, established agricultural infrastructure, and growing health awareness. The region is a major producer and exporter of dry peas, with the United States and Canada playing key roles in both production and consumption trends.  

Asia Pacific is expected to grow at the fastest CAGR of the global peas market during the projected period. This is driven by rising health consciousness, strong demand for vegan and vegetarian foods, and government support for sustainable agriculture. Countries like France, the UK, and Germany are key consumers and producers, particularly of green peas and pea-based protein alternatives.

Company Profiling

Major vendors in the global peas market are A&B Ingredients, Shadong Jianyuan Foods Co. Ltd., Glanbia Plc., Burcon Nutrascience Corporation, Sotexpro SA, Axiom Foods Inc., Roquette Freres Le Romarin, Cosucra Groupe Warcoing SA, Nutri-Pea Limited, Farbest Brands, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In February 2024, Roquette, the global leader in plant-based ingredients and the creator of plant proteins expanded its proven NUTRALYS plant protein offer. Four pea protein ingredients such as Nutralys Pea F853M (isolate), Nutralys H85 (hydrolysate), Nutralys T Pea 700FL (textured), and Nutralys T Pea 700M (textured) were developed by the company. These new technologies brought new formulation and format options along with refined texture and elevated protein levels to finish products like nutritional bars, protein beverages, and meat and dairy alternatives.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global peas market based on the below-mentioned segments:

Global Peas Market, By Type

• Field Peas
• Garden Peas
• Others

Global Peas Market, By Application

• Food
• Others

Global Peas Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa