In 2023, the US dry peas production was approximately 1.05 million metric tons. From 2024 onwards, forecasted figures estimate a steady increase in production volume, from 1.0817 million metric tons in 2024 to 1.1944 million metric tons by 2028. This reflects a consistent year-on-year growth rate, with a compound annual growth rate (CAGR) over these five years expected to be around 1.92%. The industry has seen a gradual boost, indicative of strengthening demand and enhanced agricultural practices.
Looking ahead, future trends in the dry peas market to watch for include:
- Shifts in consumer preferences toward plant-based protein sources, which could drive further demand.
- Adaptive farming techniques and technology advancements that may increase yield efficiency.
- The impact of climate change on production, potentially influencing supply stability.
- Trade policy developments affecting import-export dynamics and pricing strategies in the global market.
