Market Size of Africa Peas Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 0.39 Billion |
Market Size (2029) | USD 0.43 Billion |
CAGR (2024 - 2029) | 3.80 % |
Africa Peas Market Analysis
The Africa Peas Market size is estimated at USD 0.39 billion in 2024, and is expected to reach USD 0.43 billion by 2029, at a CAGR of 3.80% during the forecast period (2024-2029).
- In Africa, fresh peas are cultivated primarily for their sweet flavor. The two predominant varieties are the common shelled peas and the edible-podded snap peas, which are consumed similarly to green beans and boast sweet, crunchy pods. Both types can be frozen for summer use.
- The African pea market is experiencing consistent growth, largely fueled by demand in the food and agriculture sectors. A significant driver of this market is the rising preference for plant-based proteins, heightening interest in peas, particularly for uses like pea protein isolate in food and beverages. Additionally, the health benefits of peas are poised to further propel market growth in the coming years. Rich in calcium and packed with magnesium, potassium, zinc, iron, phosphorus, folic acid, and vitamins A, C, and B, peas are renowned for their efficacy in treating anemia, low blood pressure, and high cholesterol.
- African governments are actively bolstering pea production in the region. Numerous African nations are extending financial support, training, and infrastructure development to farmers cultivating peas. With assistance from international allies, these governments are further enhancing the regional pea market. For example, in 2021, UK government aid empowered 2,000 young farmers in western Kenya to forge sustainable livelihoods in horticulture farming including pea farming. A grant of £410,000 (USD 431,125.1) was allocated to the charity Farm Africa, facilitating the expansion of its successful Growing Futures project. This initiative has been instrumental in helping young individuals establish lucrative farming ventures, focusing on in-demand vegetables like French beans, cabbages, garden peas, and black nightshade (managu).
Africa Peas Industry Segmentation
The pea is the small spherical seed or the seed pod of the flowering plant species Lathyrus oleraceus. The Africa Peas Market Report Covers the Extensive Study of Production (Volume), Consumption (Volume and Value), Import (Volume and Value), Export (Volume and Value), and Price trends and Geography (South Africa, Kenya, Tanzania, and rest of Africa). The report offers market size and forecasts in terms of value (USD) and Volume (metric tons) for all of the above.
Geography | |||||||||||||||||||||||||||||
|
Africa Peas Market Size Summary
The Africa pea market is experiencing a steady growth trajectory, driven by factors such as rapid population increase and heightened concerns over food security. The growing interest in sustainable protein sources, particularly plant-based proteins like pea protein, is further propelling market expansion. Despite some challenges, including limited consumer awareness about the benefits of plant-based proteins compared to traditional meat and dairy sources, regional authorities are actively promoting the use of these alternatives. This support is expected to bolster market growth in the coming years. The shift towards plant-based diets for health and ethical reasons, along with governmental regulations and environmental considerations, are also contributing to the increasing demand for peas in the region.
Africa stands as a significant player in the global pea market, with countries like Egypt, Kenya, and Cameroon leading in production. The region exports various pea crops, including chickpeas, cowpeas, and dry peas. However, recent years have seen a decline in exports due to rising domestic demand. Despite this, the implementation of regional trade policies is anticipated to enhance export growth during the forecast period. The expanding population and the essential role of plant-based proteins in ensuring food security and nutrition underscore the importance of the pea market in Africa's economic landscape.
Africa Peas Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Changing Dietary Patterns
-
1.2.2 Rising Demand For Healthy and Sustainable Food
-
1.2.3 Rising Awareness about Health Benefits of Peas
-
-
1.3 Market Restraints
-
1.3.1 Price Volatility
-
1.3.2 Limited Access to Infrastucture
-
-
1.4 Value Chain / Supply Chain Analysis
-
-
2. MARKET SEGMENTATION
-
2.1 Geography
-
2.1.1 South Africa
-
2.1.1.1 Production Analysis
-
2.1.1.1.1 Consumption Analysis( Volume and Value)
-
2.1.1.1.2 Import Market Analysis (Volume and Value)
-
2.1.1.1.3 Export Market Analysis (Volume and Value)
-
2.1.1.1.4 Price Trend Analysis
-
-
2.1.1.2 Kenya
-
2.1.1.2.1 Production Analysis
-
2.1.1.2.2 Consumption Analysis (Volume and Value)
-
2.1.1.2.3 Import Market Analysis (Volume and Value)
-
2.1.1.2.4 Export Market Analysis (Volume and Value)
-
2.1.1.2.5 Price Trend Analysis
-
-
2.1.1.3 Tanzania
-
2.1.1.3.1 Production Analysis
-
2.1.1.3.2 Consumption Analysis(Volume and Value)
-
2.1.1.3.3 Import Market Analysis (Volume and Value)
-
2.1.1.3.4 Export Market Analysis (Volume and Value)
-
2.1.1.3.5 Price Trend Analysis
-
-
2.1.1.4 Rest of Africa
-
2.1.1.4.1 Production Analysis
-
2.1.1.4.2 Consumption Analysis(Volume and Value)
-
2.1.1.4.3 Import Market Analysis (Volume and Value)
-
2.1.1.4.4 Export Market Analysis (Volume and Value)
-
2.1.1.4.5 Price Trend Analysis
-
-
-
-
Africa Peas Market Size FAQs
How big is the Africa Peas Market?
The Africa Peas Market size is expected to reach USD 0.39 billion in 2024 and grow at a CAGR of 3.80% to reach USD 0.43 billion by 2029.
What is the current Africa Peas Market size?
In 2024, the Africa Peas Market size is expected to reach USD 0.39 billion.