The peas market in India is forecasted to grow from 2.36 Million Metric Tons in 2024 to 2.42 Million Metric Tons by 2028. This represents a continuous but slow growth trend. The year-on-year increase from 2024 to 2025 is approximately 0.42%, and from 2025 to 2026, it's 0.84%. Over the five-year forecast period, the compound annual growth rate (CAGR) is estimated at 0.51%, indicating modest growth. In 2023, the market was slightly below 2.36 Million Metric Tons, suggesting some stability in market demand.
Future trends to watch for include:
- Potential shifts in agricultural policies affecting production.
- Changes in consumer preferences for plant-based foods.
- Weather patterns impacting harvests and production levels.
- Advancements in farming technology potentially increasing yield efficiency.
