The peas market in Brazil is projected to decline from 34.43 thousand metric tons in 2024 to 32.01 thousand metric tons by 2028. This implies a consistent year-on-year decrease in forecasted volumes. The market in 2023 stood slightly higher than 2024, as the forecast data suggests a gradual reduction over this five-year period.
Year-On-Year Variation:
- 2025: -1.80%
- 2026: -1.81%
- 2027: -1.81%
- 2028: -1.80%
The compound annual growth rate (CAGR) over the next five years indicates a declining trend at an average rate of -1.81% per year from 2024 through 2028.
Future trends to watch include fluctuations in agricultural policies, environmental impacts, and shifting consumer preferences towards alternative protein sources, which might further influence the peas market in Brazil.
