The south america peas market was valued at USD 1.21 billion in 2025 and projected to grow from USD 1.28 billion in 2026 to reach USD 1.66 billion by 2031, at a CAGR of 5.34% during the forecast period (2026-2031). This report is Segmented by Geography (Argentina, Peru, and Colombia). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Import Analysis (Value and Volume), Export Analysis (Value and Volume), Wholesale Price Trend Analysis and Forecast, List of Key Players, and More. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).
South America Peas Market Trends and Insights
Rising Vegan and Plant-Based Diet Adoption
Urban shoppers in Buenos Aires, São Paulo, Lima, and Bogotá are increasingly choosing flexitarian menus, creating shelf space for pea-based burgers, dairy alternatives, and ready-to-drink protein shakes. AGBM’s ≥75% protein concentrate delivers clean-label, non-genetically-modified claims that meet retailer standards. At the same time, R&S Blumos’ wet-extrusion line supplies 120-500 metric tons per month of textured ingredients for private-label plant meats. Embrapa (Empresa Brasileira de Pesquisa Agropecuária) Food Technology showed sensory parity between its domestic legume concentrates and imported pea isolates, signaling intensifying price competition.Export-Driven Demand from Europe and Asia
Argentina shipments jumped 131% year-on-year to 140,000 metric tons in 2022, with Venezuela, China, and Brazil topping the client roster. China's 100% tariff on Canadian yellow peas and India's duty-free imports have shifted buyer interest toward South American origins. This shift is driven by the competitive pricing and availability of yellow peas in the region. Additionally, the Megapuerto Chancay reduces Pacific transit times by 10-12 days, boosting Peru's freshness advantage and enabling faster delivery to key markets. This factor is projected to peak in the short term as trade flows adapt to tariff policies and improvements in port infrastructure, further influencing global supply chain dynamics.Competition from Higher-Margin Soybeans
Soybeans still produce larger gross margins in Argentina’s Pampas, reinforced by futures hedging and deep-water port access, even after a projected 1 million-hectare contraction in 2025-2026 plantings. Brazil's soybean expansion in the Cerrado and southern states directly competes with pulse rotation, as Bunge and Cargill's farmer-financing programs (USD 478 million in Brazil in 2024) prioritize oilseed procurement over pulses, limiting credit availability for pea growers. This restraint is concentrated in short-term horizons as farmers finalize planting decisions for MY2025/26 and MY2026/27 campaigns.Other drivers and restraints analyzed in the detailed report include:
- Improved High-Yield Pea Cultivars
- Government Soil-Health Incentives for Pulse Rotation
- Inadequate Pea-Specific Storage and Handling
Segment Analysis
Complete Report Scope:
- By Geography
- Argentina
- Production Analysis (Area Harvested, Yield, and Production Volume)
- Consumption Analysis (Consumption Value and Volume)
- Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
- Export Market Analysis (Export Value, Volume, and Key Destination Markets)
- Wholesale Price Trend Analysis and Forecast
- Regulatory Framework
- List of Key Players
- Logistics and Infrastructure
- Seasonality Analysis
- Peru
- Production Analysis (Area Harvested, Yield, and Production Volume)
- Consumption Analysis (Consumption Value and Volume)
- Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
- Export Market Analysis (Export Value, Volume, and Key Destination Markets)
- Wholesale Price Trend Analysis and Forecast
- Regulatory Framework
- List of Key Players
- Logistics and Infrastructure
- Seasonality Analysis
- Colombia
- Production Analysis (Area Harvested, Yield, and Production Volume)
- Consumption Analysis (Consumption Value and Volume)
- Import Market Analysis (Import Value, Volume, and Key Supplying Markets)
- Export Market Analysis (Export Value, Volume, and Key Destination Markets)
- Wholesale Price Trend Analysis and Forecast
- Regulatory Framework
- List of Key Players
- Logistics and Infrastructure
- Seasonality Analysis
- Argentina
List of Companies Covered in this Report:
- Market Overview
- Market Drivers
- Market Restraints
- Opportunities
- Challenges
- Value Chain Analysis
- Technologies and usage of AI in the Industry
- Input Market Analysis
- Distribution Channel Analysis
- Market Sentiment Analysis
- PESTLE Analysis
- Overview of the Competition
- Recent Developments
- Market Concentration Analysis
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 Introduction
4 Market Landscape
5 Market Size and Growth Forecasts (Value and Volume)
6 End Use Applications and Industries
7 Competitive Landscape
