In 2023, the import of frozen peas to the US stood at a significant level, setting the baseline for future projections. From 2024 to 2028, a steady increase is forecasted yearly, beginning from 45.03 million USD in 2024 to 48.089 million USD in 2028. The compound annual growth rate (CAGR) approaches a moderate upward trend in this five-year period, indicating a stable demand for frozen peas in the US market.
Future trends to watch for:
- Potential impacts of climate change on pea production in exporting countries.
- Changes in trade policies or tariffs influencing import costs.
- Shifts in consumer preferences towards organic or locally-sourced products that might affect import levels.
- Technological advancements in frozen food preservation boosting shelf life and marketability.
