The global demand for Pea Processed Ingredients Market is presumed to reach the market size of nearly USD 8.78 MN by 2028 from USD 4.2 MN in 2021 with a CAGR of 11.1% under the study period 2022 - 2028.
Pea processed ingredients include pea protein, pea starch, pea fibre, and pea flour, which are extracted during the processing process from a range of peas, including split yellow peas, green peas, chickpeas, and lentils. It is obtained by applying a procedure that consists of two phases: dry and wet. Traditional methods made pea-processed products less digestible and had poor sensory qualities. Because of the limitations of conventional methods, improved and more sophisticated processes for extracting and processing pea protein, starch, flour, and fibre have emerged.
Market Dynamics
The rise in demand for pea processed ingredients is due to the growing vegan population and the popularity of plant-based foods. Furthermore, innovations in extraction and processing technologies are propelling the market for pea processed ingredients to new heights. Moreover, the demand for gluten-free products is increasing the demand for pea processing ingredients. The popularity of pea processed ingredients is growing in response to the growing desire for clean label goods. These components are used in clean food labelling to improve the product's texture, stability, and consistency. It's also found in a variety of meats and meat substitutes. Due to these factors, the market for pea processing ingredients is expected to rise exponentially.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of pea processed ingredients. The growth and trends of pea processed ingredients industry provide a holistic approach to this study.
Market Segmentation
This section of the pea processed ingredients market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Protein
- Starch
- Flour
- Fiber
By Application
- Food
- Meat & Meat Substitutes
- Performance Nutrition
- Fucntional Foods
- Snacks
- Bakery
- Confectionery
- Others
- Beverage
- Others
By Source
- Yellow Split Peas
- Chickpeas
- Lentils
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Pea Processed Ingredients market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Pea Processed Ingredients Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the pea processed ingredients market include Emsland Group (Germany), DuPont (US), Kerry (Ireland), COSUCRA Groupe Warcoing SA (Belgium), Roquette Frères (France), Vestkorn Milling AS (Norway), Ingredion Incorporated (US), Axiom Foods, Inc (US), Felleskjøpet Rogaland Agder (Norway), AGT Food and Ingredients (Canada), Parrheim Foods (Canada), Puris Foods (US), Meelunie B.V (Netherlands). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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