A recent report by IMARC Group entitled, “Kaspa Peas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global kaspa peas market reached a volume of 12.5 Million Tons in 2018. Kaspa peas belong to the agricultural class of legumes and are a very good source of essential dietary nutrients such as fibre, proteins and potassium. Apart from this, they also contain folate and iron which assist the smooth functioning of the metabolic system and help in preventing anaemia. According to the report, the demand for kaspa peas is further expected to reach a volume of 14.3 Million Tons by 2024.
The primary factor which has driven the demand for kaspa peas is the increasing demand for ready-to-eat foods. Kaspa peas are widely used to enhance the taste of snack foods such as spreads, soups, dips, soups, etc. Along with this, they serve as an important ingredient in a number of applications in the food and beverage industry. This includes use in batter and breading, beverages, meat and bakery products. Moreover, the demand for kaspa peas is rising in the developing regions as a result of increasing health consciousness and improving standards of living. Even in the developed regions, their popularity is influenced by a growing sense of health awareness as kaspa peas serve as a rich source of protein and energy.
The report provides a comprehensive analysis of the global kaspa peas market on the basis of regional segmentation. The key regions covered in the report are Canada, Russia, USA, China, Ethiopia, Ukraine, Australia, Germany, India and France. Amongst these, Canada represents the largest producer of kaspa peas, accounting for nearly a third of the total global production. On analyzing the export and import trends, the report finds that India represents the biggest importer of kaspa peas accounting for the majority of the total global imports. The report also covers the competitive landscape of the market and finds that it is fragmented in nature with a number of global and local players. The report further provides a detailed value chain analysis of kaspa peas. This encompasses all the activities in the value chain such as cultivation, procurement, processing, sales and distribution.
The report provides a detailed roadmap for setting up a kaspa peas processing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the kaspa peas industry. This ranges from a comprehensive view of the market to minute details of the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. The report also provides SWOT, Value Chain and Porter’s Five Forces analysis. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the kaspa peas industry in any manner.
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