Pea Processed Ingredients Market by Type (Pea protein (Isolates, Concentrates and Textured), Pea starch, Pea fiber, Pea Flour), Application (Food & Beverages), Source (Yellow split peas, chickpeas and lentils), and Region – Global Forecast to 2026

2021-08-03
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Published : Aug-2021
No. of Pages : 320
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“The pea processed ingredients market is projected to grow at a CAGR of 10.1%”

The global pea processed ingredients market is expected to value at USD 3.1 billion in 2021 and is projected to reach nearly USD 5.0 billion by 2026, growing at a CAGR of 10.1% during the forecast period (2021-2026). Growing vegan population and popularity of plant based ingredients is resulting to the increase in the demand for pea processed ingredients. Further, advancements in the extraction and processing technologies is also triggering the market growth for pea processed ingredients. In addition to this, increase in the demand for gluten free products is also resulting to the rise in the demand for pea processed ingredients.

“Protein segment is estimated to account for the largest share in 2021 for pea processed ingredients market”

By different type, pea processed ingredients market has been segmented into pea protein, pea starch, pea flour and pea fiber. Pea protein is highest in the pea processed ingredients business owing to the increasing demand for plant based ingredients. In addition to this, rising awareness towards the benefits offered by pea protein is boosting this segment over the years. Pea protein is neutral in taste and has an array of applications in the food, beverage, pet food and feed industries. Several countries are now focusing on increasing pea processing to enhance the pea protein production

“The food application will hold the largest share in the pea processed ingredients market”

Pea processed ingredients finds numerous applications in the food industry supported by its cost-effectiveness and nutritional benefits. It is used in several food applications that includes meat & meat substitutes, functional foods, performance nutrition, snacks, bakery products, confectionery among others.  It is largely used for rendering food products with the required texture, consistency, and stability. Pea processed ingredients is a clean label substitute and is a popular choice among the customers.

 “North America is expected to hold a significant share in the pea processed ingredients market globally”

The pea processed ingredients market in the North America region is the largest. It is estimated to grow at a significant growth rate due to the rise in demand from large economies, US, Canada and Mexico.  Industrial food manufacturers are focused on developing different product formats sourced from peas. Pea processed ingredients is among the most versatile ingredients and can be formulated into food, beverage and others that includes pet food, feed and industrial. However, given the high prices of pea processed ingredients, their demands have remained popular in developed markets. Growing vegan population North America is also a major factor triggering the market growth during the forecast period.

Break-up of Primaries:

  • By Company Type: Tier 1 – 35 %, Tier 2 – 25%, and Tier 3 – 40%
  • By Designation: Managers– 40%, CXOs – 35%, and Executive– 25%
  • By Region: Europe – 35%, Asia Pacific– 30%, North America – 20%, and RoW* – 15%, RoW* includes South America, Middle East, and Africa.

Leading players profiled in this report:

  • Emsland Group (Germany)
  • Coscura Groupe Warcoing SA (Belgium)
  • Roquette Freres (France)
  • Vestkorn Milling  AS (Norway)
  • Ingredion Incorporated (United States)
  • Axiom Foods Inc. (United States)
  • Felleskjopet Rogaland Agder
  • AGT Food and Ingredients (Canada)
  • DuPont (US)
  • Puris Foods (United States)

Research Coverage:

The report segments the pea processed ingredients market on the basis of type, application, source and region. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the pea processed ingredients, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

  • To get a comprehensive overview of the pea processed ingredients market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
  • To gain insights about the major countries/regions in which the pea processed ingredients market is gaining popularity
Filed in: Food & Beverage
Publisher : marketsandmarkets
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