South America Peas Market is projected to grow at a CAGR of 3.1% during the forecast period (2020-2025). The peas produced in South America have higher export value as they are mainly used for human consumption due to their high quality. Chick peas, Cow peas, Pigeon peas and green peas are some of the major pea varieties which are grown in this region. Argentina dominates the production of farm peas in the region and also has a significant presence in the global peas export. Asian countries such as India, Pakistan and European countries such as Spain and Italy are the major importers of South American peas.
Key Market Trends
Increase in Demand to International Markets
South America is one of the major producer of peas across the globe. In the recent years, across the globe there is a growing demand for plant protein which includes peas, among health conscious consumers who have shifted their dietary habits to vegan protein diets from animal products. The low prices and high protein content is making consumers to shift towards pea protein diets. The increase in demand for pea protein has greatly enhanced the growth prospects of major producing countries such as Argentina and Peru in the region. Asian countries such as India and European countries such as spain and Italy are the major importers of South American Peas. With more consumers shifting towards plant proteins such as pea, the demand for South American peas is expected to grow during the forecast period.
Argentina Dominates the Regional Pea Production
Argentina is one of the major producer of green peas and chickpea in the region. According to Food and Agriculture Organization of the United Nations (FAO) , The major chickpea growing areas in Argentina are the Province of Cordoba and the northwestern region of the country. The growing importance in food safety standards has promoted the National Seed institute to pass a regulation by which all chickpeas growers must use certified seeds starting from January 2020. These certifications will ensure safety and transparency among the importing countries thereby boosting regional exports from the country. Pakistan, Spain, Italy Colombia and the United States were the major importing destininations for Agentina's green peas.
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