The peas market size volume per capita in India is forecasted to slightly increase from 1.71 kilograms in 2024 to 1.74 kilograms by 2028. This gradual growth reflects a stable but modest increase in consumption with a consistent year-on-year rise of approximately 0.58% between 2024 and 2028. In the preceding period leading up to 2023, the market stood at 1.70 kilograms per capita. The projected Compound Annual Growth Rate (CAGR) for the forecast period is meager, underscoring moderate demand growth.
Future Trends to Watch:
- Impact of agricultural policies and initiatives aiming at increasing yield.
- Shift in consumer preferences towards plant-based and healthy food options potentially increasing demand.
- Possible influence of climate changes on pea production and supply chain dynamics.