The demand for peas in China is projected to gradually increase from 2024 to 2028. In 2023, the actual demand stood at 3.45 million metric tons. The year-on-year percentage increases in demand over the forecast period are consistent, highlighting a stable growth trajectory in consumption. Between 2024 and 2028, the compound annual growth rate (CAGR) averages approximately 2.3%, demonstrating a steady rise in consumption as peas potentially gain popularity due to dietary shifts or emerging industry needs.
Future trends to watch for:
- Increased consumer focus on plant-based diets could drive higher demand for peas as a protein alternative.
- China's initiatives in sustainable agriculture may enhance domestic production and alter import levels.
- Technological advancements in agriculture might improve yield efficiency, affecting market dynamics.