The Africa Peas Market is projected to grow at a CAGR of 3.8% during the forecast period (2020-2025). An increase in population growth at an exponential rate coupled with rising concerns for food security to meet this demand and growing interest for sustainable protein sources such as plant-based pea proteins are some of the factors driving the market for peas in the region.
- The lack of awareness, except in a few African countries among the consumers about the benefits of consuming plant-based proteins over meat and other dairy-based sources are some of the factors restraining the market growth. However, efforts from regional authorities promoting its people over its usage is expected to drive the market growth during the forecast period.
Key Market Trends
Increase in Demand For Peas as Protein
The global consumption of protein has grown around 40% between 2000-2018 with Sub-Saharan Africa accounting for 17% increase in demand. The population growth was the key driver behind the growth of protein consumption during this period. According to Worldbank Statistics, the population in Africa is rapidly expanding, and by 2060 the region will hold an estimated 2.8 billion people. In order to meet this demand, plant-based protein such as pea protein has become an indispensable source of protein to safeguard food security and nutrition in the region. The change in the dietary shift for health and ethical reasons, governmental regulations and environmental constraints are expected to drive the market for plant-based proteins such as peas in the region.
High Regional Trade of Peas is Driving the Market
Africa is one of the major exporter of peas in the world. Chick peas, Cow peas and dry peas are some of pea crops grown in the region. Egypt, Kenya and Camerron are the major producers of peas in the region. According to Interantaional Trade Centre Statistics, In 2016, the total exports of fry peas from Kenya is reported to be 26,523 tons as compared to 18,712 tons in 2014. However, there is a decline in exports in the recent years due to increase in domestic demand for these crops. With increase in number of regional trade policies, the exports are expected to grow further during the forecast period.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support