According to the latest report by IMARC Group, titled “Kaspa Peas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the kaspa peas market growth . The report also includes competitor and regional analysis, and contemporary advancements in the market. 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.
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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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 Trends:
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.
Key Market Segmentation: https://www.imarcgroup.com/kaspa-peas-market
Explore Full Report with Table of Contents:
IMARC Group provides an analysis of the key trends in each sub-segment of the global kaspa peas market report, along with forecasts at the global and country level from 2022-2027.
Market Breakup by Region:
- United States
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
IMARC Group employs a robust research methodology which involves data triangulation using an amalgamation of bottom-up and top-down approaches and validation of the final market numbers through expert interviews. We use our extensive database of macroeconomic and sector-specific data to generate the industry forecast. Growth rates exhibited by the market are calculated based on numerous factors and their level of impact on the market. These factors include market drivers, challenges, technological developments, government regulations, macro-economic scenario, etc. Information is gathered from our internal databases, as well as from key stakeholders in the industry. This enables us to take into account unprecedented events that otherwise cannot be normally captured. The initial baseline forecasts are generated with the most recent market data. After an initial baseline forecast, all future events and assumptions are based on extensive primary and secondary research
Secondary Research :
Secondary research or preliminary data mining is conducted to gather industry landscape and trends, market classification and segmentations, regional insights, key players’ information, policy and regulatory scenario, technological innovations, key market opportunities, challenges, etc. Secondary sources include annual reports, investor presentations, white papers, government bodies, associations, articles from recognized authors, company websites, directories, and databases, certified publications, IMARC’s data repository of published reports, etc. The raw data obtained from secondary research is then filtered so that the most relevant data sources remain for further comprehensive iteration.
This step involves validation of internal market findings and assumptions from key industry stakeholders and value chain participants. The key stakeholders contacted in this step include industry experts such as marketing managers, directors, vice presidents, sales managers, strategy mangers, channel partners, and other value chain participants. Further, in order to enhance our understanding of the latest demand-side trends and scenarios, surveys of the target consumers were also conducted. The objective of primary interviews is not only data validation but also to gain a deeper insight into the market landscape, historical trends, mid- and long-term outlook, government policies, etc.
Market Size Estimation and Triangulation:
In order to estimate and validate the size of the market and its segments/subsegments, we used a combination of top-down and bottom-up approaches.
Extensive secondary research was done to identify the key players in the industry
All percentage shares, splits, and breakdowns were obtained using a mix of secondary sources and primary interviews
All macroeconomic and microeconomic factors impacting the growth of the market were also taken into account while estimating the market size
All the possible factors that impact the market study have been accounted for, analyzed and evaluated in comprehensive detail, validated through primary research, and analyzed to produce the final quantitative and qualitative insights.
Once the overall market size was arrived, it was divided into the required segments and subsegments. To complete the overall market engineering process and arrive at the precise statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed wherever applicable.
The information was triangulated by examining various parameters and trends from the demand and supply sides. Furthermore, the market size was validated using the top-down, bottom-up approaches as well as inputs from expert interviews.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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