| Product Code: ETC8838812 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Philippines` cowpeas import market in 2024 saw significant contributions from Argentina, China, Egypt, USA, and India. Despite a high concentration level in 2023, the market maintained its competitiveness with a slightly lower concentration in 2024. The impressive compound annual growth rate (CAGR) of 14.66% from 2020 to 2024 reflects the growing demand for cowpeas in the Philippines. The moderate growth rate of 2.76% from 2023 to 2024 indicates a steady expansion of the market. Overall, the import shipments of cowpeas to the Philippines continue to show promise and opportunity for further development.

Cowpeas, also known as black-eyed peas, are cultivated in select agricultural zones in the Philippines and are valued for their protein content and soil enrichment properties. The market remains modest but benefits from rising demand for plant-based proteins and interest in drought-resistant crops that support food security efforts.
The cowpeas market in the Philippines shows moderate growth, supported by increasing demand for plant-based proteins and pulses as alternative food sources. Local agricultural initiatives to improve yield and pest resistance are also helping stabilize production.
The cowpeas market is challenged by inconsistent crop yields due to variable weather conditions and pest infestations. Limited access to high-quality seeds and modern farming techniques constrains productivity. Additionally, competition from imported legumes and fluctuating market prices impact farmer incomes.
The Philippines cowpeas market presents an attractive opportunity for investment due to the cropâs adaptability to local climates and growing demand as a nutritious legume alternative. Investments in modern farming techniques, improved seed varieties, and supply chain infrastructure can boost productivity and reduce post-harvest losses. There is also potential for value-added processing into packaged legumes and ready-to-cook products, catering to health-conscious consumers and export markets in ASEAN.
Agricultural development programs by the Department of Agriculture (DA) emphasize the diversification of crops and support legumes like cowpeas due to their nutritional value and soil-enriching properties. Subsidies, seed distribution, and farmer training programs enhance production, while import policies regulate market balance to protect local farmers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Cowpeas Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Cowpeas Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Cowpeas Market - Industry Life Cycle |
3.4 Philippines Cowpeas Market - Porter's Five Forces |
3.5 Philippines Cowpeas Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.6 Philippines Cowpeas Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Philippines Cowpeas Market Revenues & Volume Share, By End-use Application, 2021 & 2031F |
4 Philippines Cowpeas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Cowpeas Market Trends |
6 Philippines Cowpeas Market, By Types |
6.1 Philippines Cowpeas Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 Philippines Cowpeas Market Revenues & Volume, By Nature, 2021- 2031F |
6.1.3 Philippines Cowpeas Market Revenues & Volume, By Organic, 2021- 2031F |
6.1.4 Philippines Cowpeas Market Revenues & Volume, By Conventional, 2021- 2031F |
6.2 Philippines Cowpeas Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Philippines Cowpeas Market Revenues & Volume, By Whole, 2021- 2031F |
6.2.3 Philippines Cowpeas Market Revenues & Volume, By Flour, 2021- 2031F |
6.2.4 Philippines Cowpeas Market Revenues & Volume, By Split, 2021- 2031F |
6.3 Philippines Cowpeas Market, By End-use Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Cowpeas Market Revenues & Volume, By B2B, 2021- 2031F |
6.3.3 Philippines Cowpeas Market Revenues & Volume, By Household/Retail, 2021- 2031F |
6.3.4 Philippines Cowpeas Market Revenues & Volume, By Food Service, 2021- 2031F |
6.3.5 Philippines Cowpeas Market Revenues & Volume, By Institutional, 2021- 2031F |
7 Philippines Cowpeas Market Import-Export Trade Statistics |
7.1 Philippines Cowpeas Market Export to Major Countries |
7.2 Philippines Cowpeas Market Imports from Major Countries |
8 Philippines Cowpeas Market Key Performance Indicators |
9 Philippines Cowpeas Market - Opportunity Assessment |
9.1 Philippines Cowpeas Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.2 Philippines Cowpeas Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Philippines Cowpeas Market Opportunity Assessment, By End-use Application, 2021 & 2031F |
10 Philippines Cowpeas Market - Competitive Landscape |
10.1 Philippines Cowpeas Market Revenue Share, By Companies, 2024 |
10.2 Philippines Cowpeas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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