IMARC Group’s latest report, titled “Kaspa Peas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global kaspa peas market size reached 22.7 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 35.7 Million Tons by 2027, exhibiting a growth rate (CAGR) of 7.86% during 2022-2027.
Kaspa peas represent a semi-leafless, high-yielding dun-type field pea belonging to a similar sub-species as green peas. They consist of various digestible nutrients, which make them ideal for human consumption and livestock feed. Therefore, Kaspa peas are appropriate for cultivation in areas receiving more than 400mm of moderate annual rainfall. Also, these peas are easier to harvest than trailing-type varieties as their pods are held above the ground level even when the crop lodges. In addition, they have shatter-resistance pods, which aid in reducing grain loss if poor conditions exist at the time of crop maturity or harvesting is delayed. Many split pea processing companies nowadays prefer round and uniform dun peas, owing to their higher splitting efficiency.
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Kaspa Peas Market Demand and Growth:
The escalating product demand, as it is a rich source of fiber, iron, proteins, folate, and potassium and offers various health benefits to consumers, promotes healthy blood hemoglobin levels, and prevents chances of anemia, is among the primary factors driving the kaspa peas market. Besides this, the elevating requirement for dietary fibers that play an essential role in lowering blood cholesterol levels and improving digestion is further augmenting the market growth. Moreover, the introduction of new varieties of kaspa peas targeting niche and special needs and their rising usage in the production of dips, soups, spreads, and ready-to-eat food products are also catalyzing the global market. Apart from this, the increasing population and the expanding food industry, particularly in the developing regions, are anticipated to propel the kaspa peas market over the forecasted period.
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Key Market Segmentation:
Breakup by Region:
- Canada
- China
- Russia
- United States
- India
- Others
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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