The gross production value of dry peas in Japan is forecasted to slightly increase from 399.0 to 405.0 thousand USD PPP between 2024 and 2028, showing a stable upward trend. In 2023, this figure stood at 398.0 thousand USD PPP. The year-on-year variation is modest, illustrating minor annual increases, which reflects a stable demand and production capability. The compound annual growth rate (CAGR) from 2024 to 2028 demonstrates a gradual, steady growth.
Future trends to watch for:
- Potential market dynamics influenced by changing consumer preferences and dietary trends towards plant-based proteins.
- Possible effects of trade policies and climate change impacting agriculture output in Japan and internationally.
- Technological advancements in agriculture that could improve yield and efficiency.
