Key Insights

The global peas industry, valued at approximately $15 billion in 2025, is projected to experience steady growth, driven by rising consumer demand for plant-based proteins and the increasing use of peas in various food and non-food applications. A compound annual growth rate (CAGR) of 4.30% from 2025 to 2033 indicates a significant expansion in market size, reaching an estimated $22 billion by 2033. This growth is fueled by several key factors. The burgeoning vegan and vegetarian segments are significantly boosting demand for pea protein, a sustainable and nutritious alternative to traditional protein sources. Furthermore, the expanding biofuel industry is creating new avenues for pea utilization, as pea starch and other byproducts find applications in biofuel production. However, challenges remain. Fluctuations in agricultural yields due to climate change and potential supply chain disruptions pose risks to consistent market growth. The industry is also witnessing increased competition, with established players like Archer Daniels Midland and Cargill vying for market share alongside smaller, specialized companies. Geographical distribution reveals significant regional variations, with North America and Europe currently holding the largest market shares, driven by strong consumer preference and established processing infrastructure. Asia-Pacific, however, is expected to show substantial growth in the forecast period due to expanding populations and increasing awareness of plant-based diets. Segmentation by product type highlights the dominant role of dry peas in the overall market, followed by green peas, pea protein, and pea starch. Differentiation in end-use applications further underlines the versatility of the product.

The competitive landscape is characterized by a blend of large multinational corporations and smaller, specialized companies. These players are actively involved in research and development to improve pea processing technologies and develop innovative products. Strategic partnerships, acquisitions, and investments are expected to further shape the industry's structure. Differentiation strategies focusing on sustainability, traceability, and product quality are crucial for success. The growing emphasis on sustainable agriculture practices, aiming to minimize the environmental impact of pea production, will also play a significant role in shaping market dynamics. This includes the adoption of precision farming techniques and the development of drought-resistant pea varieties. Government policies promoting sustainable agriculture and biofuel production further contribute to the overall growth trajectory of the peas industry. Overall, the future of the peas industry appears promising, with continued expansion driven by consumer preferences, technological advancements, and supportive government initiatives.

Peas Industry Market Report: 2019-2033

This comprehensive report provides a detailed analysis of the global peas industry, offering invaluable insights for businesses, investors, and researchers. With a study period spanning 2019-2033, a base year of 2025, and an estimated year of 2025, this report forecasts market trends until 2033. The report covers key segments, competitive dynamics, and emerging opportunities within the pea protein, pea starch, and other pea-based product markets. Market sizes are presented in millions.

Peas Industry Market Structure & Competitive Dynamics

The global peas industry is characterized by a moderately concentrated market structure, with several multinational corporations and a large number of smaller regional players vying for market share. Key players like Solina Group, Archer Daniels Midland, Ingredion, Cargill, and Roquette hold significant market share, estimated at xx Million in 2025. However, the market exhibits a dynamic competitive landscape, influenced by factors such as product innovation, mergers and acquisitions (M&A), and evolving consumer preferences. The overall market value in 2025 is projected to reach xx Million, reflecting a CAGR of xx% during the historical period (2019-2024).

• Market Concentration: The Herfindahl-Hirschman Index (HHI) is estimated at xx, indicating a moderately concentrated market.
• Innovation Ecosystems: Significant investments in R&D are driving the development of new pea-based products, particularly in pea protein and pea starch segments.
• Regulatory Frameworks: Government regulations regarding food safety and labeling significantly influence market dynamics. Changing regulations related to organic and sustainable farming practices are also creating new opportunities.
• Product Substitutes: Competition exists from other plant-based proteins such as soy and other starch sources.
• End-User Trends: Growing demand for plant-based alternatives and sustainable food sources is a key driver of market growth.
• M&A Activities: The industry has witnessed several M&A activities in recent years, with deal values ranging from xx Million to xx Million. These activities are primarily focused on consolidating market share and gaining access to new technologies and product lines.

Peas Industry Industry Trends & Insights

The global peas industry is experiencing robust growth, driven by several key factors. The increasing awareness of health benefits associated with plant-based diets, growing consumer preference for sustainable and ethically sourced food products, and the expanding applications of pea protein and pea starch in various industries are boosting market expansion. Technological advancements in pea processing and extraction techniques are further enhancing the quality and functionality of pea-based ingredients. The market is expected to witness significant growth, with a projected CAGR of xx% during the forecast period (2025-2033), reaching a market value of xx Million by 2033. This growth is fueled by the increasing demand for pea protein in the food and beverage industry, and the growing adoption of pea starch in various applications. Market penetration of pea-based products is also steadily increasing, particularly in developed markets. Competitive dynamics continue to shape the market, with companies focusing on product differentiation, brand building, and strategic partnerships to maintain a competitive edge.

Dominant Markets & Segments in Peas Industry

The North American and European markets are currently the most dominant regions in the global peas industry, accounting for an estimated xx Million combined in 2025.

Segmentation by Product Type:

• Dry Peas: This segment dominates the market due to its widespread use in various food applications and its affordability. Market size in 2025: xx Million.
• Green Peas: High demand in the frozen and canned food sectors contributes significantly to the market. Market size in 2025: xx Million.
• Pea Protein: Rapid growth driven by increasing demand for plant-based proteins. Market size in 2025: xx Million.
• Pea Starch: Increasing applications in food and other industries fuel steady growth. Market size in 2025: xx Million.

Segmentation by End-Use:

• Food: This remains the largest segment, with significant demand in various food products. Market size in 2025: xx Million.
• Feed: Pea is an important ingredient in animal feed due to its nutritional value. Market size in 2025: xx Million.
• Biofuels: Growing interest in biofuel production is contributing to market growth. Market size in 2025: xx Million.

Key Drivers of Regional Dominance:

• Strong consumer demand for plant-based and healthy food products.
• Established infrastructure for pea cultivation and processing.
• Favorable government policies and regulations promoting sustainable agriculture.

Peas Industry Product Innovations

Recent innovations focus on enhancing the functionality and nutritional value of pea-based ingredients. This includes the development of new pea protein isolates with improved solubility and digestibility, and pea starch with enhanced viscosity and texture. Companies are also exploring new applications for pea ingredients in areas such as meat alternatives, dairy alternatives, and bakery products. The increasing demand for organic and sustainably produced pea ingredients is driving the development of new organic pea varieties and processing methods. These innovations aim to cater to the rising consumer preference for clean-label products and improved sustainability within the food industry.

Report Segmentation & Scope

This report provides a comprehensive segmentation of the peas industry based on product type (dry peas, green peas, pea protein, pea starch) and end-use (food, feed, biofuels). Each segment is analyzed individually considering market size, growth projections, and competitive dynamics. The report provides detailed insights into the market size and growth prospects for each segment during the forecast period. It analyzes the competitive landscape within each segment, highlighting key players, their market share, and strategic initiatives. This allows for a thorough understanding of the opportunities and challenges within each market segment.

Key Drivers of Peas Industry Growth

The peas industry's growth is driven by several key factors: increasing consumer demand for plant-based proteins and sustainable food solutions; technological advancements leading to improved pea processing and extraction techniques; expanding applications of pea protein and pea starch in diverse industries; and supportive government policies promoting sustainable agriculture and biofuel production. The rising awareness of health benefits associated with a plant-based diet is also a crucial factor fueling this growth.

Challenges in the Peas Industry Sector

The peas industry faces challenges including fluctuating raw material prices, potential supply chain disruptions, and intense competition from other plant-based protein sources. Seasonal variations in pea yields and the need for efficient and cost-effective processing methods are also significant concerns. Furthermore, regulatory changes and evolving consumer preferences require continuous adaptation and innovation within the industry.

Leading Players in the Peas Industry Market

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

Key Developments in Peas Industry Sector

• March 2022: Birsa Agriculture University (BAU) developed a new pea variety, Birsa Matar-1, adaptable to Jharkhand, India's climate and resistant to pests and diseases.
• September 2022: Agriculture Victoria released high-yielding pea varieties, PBA Noosa and PBA Taylor, with PBA Taylor exhibiting virus resistance.
• October 2022: Roquette launched a new line of organic pea ingredients (starch and protein) in North America and Europe.

Strategic Peas Industry Market Outlook

The global peas industry is poised for continued strong growth, driven by the increasing demand for plant-based foods, sustainable agriculture, and innovations in pea-based products. Strategic opportunities lie in expanding into new markets, developing innovative pea-based products, and forging strategic partnerships to ensure a secure and sustainable supply chain. Companies that can effectively leverage technological advancements, cater to evolving consumer preferences, and manage supply chain challenges will be well-positioned for success in this dynamic market.

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