Europe Peas Market is expected to grow at a CAGR of 4.8% for the forecast period(2020-2025). Pea is one of the nutritional crop grown in the European region which is rich in protein content and can be grown easily. Peas crops are nitrogen-fixing crops that are good for soil fertility. Dried peas are commercially traded in the region in different varieties like dried yellow peas, Austrian Winter and dried green peas. In Europe, the cool climatic environment of the region is supporting the high peas production. According to FAO, France is the largest producer of green peas which accounts for 251082 tons in 2018, followed by the United Kingdom with 119169 tons of production.
Pea crop is a grain legume which produces high protein feed for animals, as well as human nutrition. Peas are a rich source of proteins, amino acids, and sugars. Also, they are fairly low in calories and contain several vitamins, minerals, and antioxidants. Pea being rich source of protein along with its nitrogen Fixing capacity is driving the pea market.
Key Market Trends
Growing Demand for Plant Based Alternatives to Meat Products
Pea proteins extracted from yellow peas dominate the food industry. It is added to veggie burgers, energy bars, and popcorn to milk, yogurt, and ice cream. Even in some cases, pea protein is replacing soy protein isolates in processed foods. The increasingly fitness-conscious population and a gradual shift to vegan protein diets from consuming meat products are the factors driving the demand for peas in the market. Owing to their high nutritional qualities and increased western influence, pea proteins have gained popularity even in developing countries.
Growing Export Opportunity is Driving The Market
In Europe, the cool climatic environment of the region is supporting the high peas production. According to FAO, the total volume of green pea crops harvested in Europe was 220403 ha with a production of 1.05 million tons. According to ITC Trade, a total of 370,078 tons of peas were exported from Europe in 2018 as against 1.05 million tons of production. Further growing demand for peas from other countries is encouraging the exports from Europe. Turkey India and Bangladesh,Pakistan and the United Arab Emirates are some of the major export destination for Europe. This growing export opportunity is driving the European pea market.
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