Peas Industry in Developing Economies: Trends and Growth Analysis 2025-2033

Key Insights

The global peas industry, valued at approximately $8 billion in 2025, is projected to experience steady growth, driven by increasing demand for plant-based protein and sustainable food solutions. A compound annual growth rate (CAGR) of 4.30% from 2025 to 2033 indicates a significant market expansion, reaching an estimated $12 billion by 2033. Key drivers include the rising popularity of pea-based protein in food and beverage products, catering to the growing vegan and vegetarian consumer base, and the increasing awareness of the health benefits associated with pea consumption. Furthermore, the utilization of peas in animal feed and biofuel production contributes to market growth. While challenges like price fluctuations and reliance on agricultural yields exist, innovative processing techniques and the development of new pea-based products are mitigating these restraints. The industry is segmented by product type (dry peas, green peas, pea protein, pea starch) and end-use (food, feed, biofuels), with the food segment currently dominating market share. Major players like Solina Group, Archer Daniels Midland, Ingredion, Cargill, and Roquette are actively shaping the industry through strategic partnerships, acquisitions, and product innovation. Geographically, North America and Europe currently hold significant market shares, but the Asia-Pacific region is anticipated to witness robust growth fueled by rising disposable incomes and changing dietary habits.

The competitive landscape is characterized by both established players and emerging companies focusing on specialized pea-derived products. Technological advancements in pea processing are leading to higher-quality ingredients with improved functionality and nutritional profiles. The industry is also increasingly focused on sustainability, with efforts towards reducing water usage and promoting environmentally friendly farming practices. Future growth hinges on continued research and development to enhance the functionality of pea-based ingredients, expand market applications, and address consumer demands for healthier, more sustainable food choices. The shift towards plant-based diets is expected to further boost demand, driving further growth and innovation within the pea industry.

Peas Industry Market Report: 2019-2033

This comprehensive report provides an in-depth analysis of the global peas industry, projecting a market value exceeding $XX Million by 2033. It covers the historical period (2019-2024), base year (2025), and forecast period (2025-2033), offering crucial insights for stakeholders across the value chain.

Peas Industry Market Composition & Trends

The global peas industry, valued at $XX Million in 2024, exhibits a moderately concentrated market structure. Key players such as Solina Group, Archer Daniels Midland, Ingredion, Cargill, and Roquette hold significant market share, though the precise distribution remains dynamic due to ongoing M&A activity and the emergence of smaller, specialized players. Innovation in pea protein extraction and processing, driven by the growing demand for plant-based alternatives, is a key trend. Regulatory landscapes vary across regions, influencing production and labeling standards. Substitute products like other pulses and protein sources exert competitive pressure, while the end-user profile is diversifying beyond traditional food applications into feed and biofuel sectors. Recent M&A activity has been valued at approximately $XX Million in the past five years, mostly focused on consolidating processing and distribution capabilities.

• Market Share Distribution (2024): Cargill (XX%), Roquette (XX%), ADM (XX%), Ingredion (XX%), Solina (XX%), Others (XX%). (Note: These percentages are estimated)
• M&A Deal Values (2019-2024): Approximately $XX Million
• Key Innovation Catalysts: Plant-based protein demand, improved extraction technologies, functional food ingredients

Peas Industry Evolution

The peas industry has witnessed significant growth over the past five years (2019-2024), driven primarily by the increasing consumer preference for plant-based foods and the expanding applications of pea protein and starch in various industries. The annual growth rate during this period averaged XX%, and we project a continued, though potentially moderated, expansion during the forecast period (2025-2033), with an anticipated CAGR of XX%. Technological advancements, such as improved processing techniques and the development of new pea varieties with enhanced yields and disease resistance, are contributing to increased efficiency and production capacity. Consumer demand shifts towards healthier, more sustainable food options are further bolstering market growth. This includes a rising interest in organic and non-GMO pea products. The adoption rate of pea protein in food products has increased by XX% in the last three years, and a similar trend is observed for pea starch in various industrial applications.

Leading Regions, Countries, or Segments in Peas Industry

The North American and European regions dominate the global peas industry, driven by high consumer demand for plant-based foods and the presence of significant processing and manufacturing facilities. Within product types, pea protein and pea starch are experiencing the fastest growth, fueled by their versatility and functionality. The food sector remains the largest end-use segment, though the feed and biofuel sectors offer significant growth potential.

• Key Drivers in North America & Europe:

  • High consumer demand for plant-based protein and sustainable food options.
  • Strong investment in research and development of new pea varieties and processing technologies.
  • Established supply chains and processing infrastructure.
  • Favorable regulatory environment for plant-based food products.

• Dominance Factors: Large consumer base, established infrastructure, favorable regulatory environments, high investment in R&D. Specific country-level data reveals the USA and Canada lead in North America, while France and Germany lead in Europe. (Precise market share data by country will be provided in the full report)

Peas Industry Product Innovations

Recent innovations have focused on enhancing the functionality and nutritional value of pea-based products. This includes the development of new pea protein isolates with improved solubility and emulsification properties, and pea starches with tailored viscosity profiles for specific applications. These innovations address market demands for clean-label ingredients and enhanced product performance in various food and industrial applications. For example, Roquette's launch of organic pea ingredients in 2022 directly addresses the growing demand for organic options.

Propelling Factors for Peas Industry Growth

The peas industry's growth is propelled by a confluence of factors: the burgeoning global demand for plant-based proteins, driven by health and sustainability concerns; technological advancements leading to more efficient and cost-effective pea processing; and increasing government support for sustainable agriculture and the development of new, high-yielding pea varieties. Furthermore, expanding applications of pea ingredients in food, feed, and biofuel sectors contribute significantly to market expansion.

Obstacles in the Peas Industry Market

Challenges include fluctuating raw material prices, potential supply chain disruptions due to climatic factors impacting crop yields, and intense competition from other plant-based protein sources. Regulatory changes and differing standards across regions can also pose hurdles for global players. These factors could potentially restrain the market's growth rate, though technological advancements and diversification into new markets could mitigate these risks.

Future Opportunities in Peas Industry

Future opportunities lie in expanding into new markets, particularly in developing economies with rising consumer incomes and growing demand for affordable and nutritious food. Advancements in processing technologies could unlock new applications for pea-based ingredients in cosmetics, pharmaceuticals, and other sectors. The increasing focus on sustainability will also drive the demand for organic and sustainably sourced pea products.

Major Players in the Peas Industry Ecosystem

• Solina Group
• Archer Daniels Midland
• Ingredion
• Cargill
• Roquette

Key Developments in Peas Industry Industry

• October 2022: Roquette launched a new line of organic pea ingredients (starch and protein) in North America and Europe.
• September 2022: Release of new high-yielding pea varieties (PBA Noosa and PBA Taylor) by Agriculture Victoria.
• March 2022: Birsa Agriculture University developed a new pest and disease-resistant pea variety (Birsa Matar-1) in India.

Strategic Peas Industry Market Forecast

The global peas industry is poised for continued expansion, driven by strong demand for plant-based proteins and the increasing versatility of pea-based ingredients. Opportunities in new markets, particularly in developing economies, and technological advancements will further fuel this growth. While challenges remain, innovative solutions and strategic partnerships will play a crucial role in shaping the industry's future trajectory. We project a steady rise in market value, exceeding $XX Million by 2033.

Peas Industry Segmentation

• 1. Production Analysis
• 2. Consumption Analysis
• 3. Import Market Analysis (Value & Volume)
• 4. Export Market Analysis (Value & Volume)
• 5. Price Trend Analysis

Peas Industry Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
• 2. Europe
  • 2.1. Russia
  • 2.2. United Kingdom
  • 2.3. France
  • 2.4. Ukraine
• 3. Asia Pacific
  • 3.1. China
  • 3.2. Australia
  • 3.3. India
• 4. South America
  • 4.1. Brazil
  • 4.2. Argentina
• 5. Africa
  • 5.1. South Africa
  • 5.2. Egypt