Forecast: Peas Demand in China

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.

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