Pea Flakes Market Size, Share, Opportunities, And Trends By Type (Green Pea, Yellow Pea), By Application (Animal Feed, Processed Food, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Oct 2023
- Report Code : KSI061615379
- Pages : 149
The pea flakes market is expected to grow at a CAGR of 7.95% from US$1,236.267 million in 2021 to US$2,231.224 million in 2028.
Pea flakes are nutritious supplements or healthy snacks that are rich in vitamins, dietary fiber, and other elements. Because of the many health advantages pea flakes offer, they are also, particularly nutritious pet food. Due to the texture of pea flakes, which are produced by battering and flattening peas, pets can also chew them.
Rodents love the nutritious pleasure of micronized peas. Peas are micronized during the flaking process, which increases their digestibility by heating the natural starches. So, before feeding, there is no preparation required. In place of breadcrumbs in meat preparations, pea flakes can be dehydrated and added to water. Green peas' distinctive phytonutrients offer important anti-inflammatory and antioxidant properties. Small nuisance species and immature fish find it challenging to eat the bigger particles in the flakes because they are more consistent and thicker. This disadvantage could, although not significantly, have an impact on the utilization of pea flakes in aquafeed.
Pea flakes are increasingly being used in a range of delectable foods, and over the projected period, the market expansion is anticipated to be fueled by expanding consumer awareness of their health advantages. Because they are an established source of vital nutrients and are simple to digest, pea flakes are in great demand in animal feed.
The high protein content of peas is driving up demand for animal feed made from them. One pea flake per day for each pig is adequate, according to Erin's Ark, Natural Pet Care, demonstrating the richness of these flakes. If consumed excessively, it might result in fattening. Pea flakes are an excellent addition to both human and animal nutrition.
The use of pea flakes in the food industry will upsurge the market
Pea flakes made entirely from dried green field peas are produced without the addition of any artificial sweeteners, salts, or preservatives. Additionally, new solutions are being developed to preserve the flakes crispy and dry for a longer period. Reusable zip bags were discovered as a solution to help preserve freshness in the search for ideal and affordable packaging material, and as a result, they have spread to be used often to package goods. The production of pea-based flakes is undergoing further advancements from the producers in response to the rising demand for flakes devoid of gluten for human consumption. For instance, the soup foundation of Street Soup is made of pea flakes. Each cup of this soup has 21% vegetable protein, which is one of its advantages.
Increasing adoption in the animal feed and aquaculture industries
Animals are fed pea flakes, especially rats and rabbits. Pea flakes include lysine, an amino acid. Small animals require this vitamin to survive. Pets cannot digest raw peas; thus, they shouldn't be given to them. Pea flakes, on the other hand, provide a delightful and simple-to-digest treat for dogs. Pea flakes contain a lot of calories as well. Pea flakes are an environmentally friendly aqua feed that even young fish may eat because of their excellent water solubility and consistency.
Asia Pacific is projected to be the prominent pea flakes market shareholder and is anticipated to continue throughout the forecast period.
The Asia Pacific pea flakes market is expanding as a result of rising health consciousness among the populace, particularly in China and India. Pea flakes are used in soups, salads, and other culinary products, due to their high protein content. Additionally, the nutritional value is increased by the antioxidant and anti-inflammatory qualities. The usage of pea flakes as a replacement for the traditional carbohydrate-rich but protein-deficient flakes is projected to increase in the future at a much faster rate due to the usual eating patterns of South East Asian countries.
Market Key Developments
- In January 2022, ZFS Creston LLC was purchased by US-based Benson Hill, Inc., a developer of crop design platforms, for an unknown sum. Food-grade soy flour and pea flakes are produced by ZFS Creston LLC in the US.
- In October 2021, Oat bran, pea, and fava bean protein are used to make protein granules and flakes by the Finnish company Gold&Green Foods.
Pea Flakes Market Scope:
|Market Size Value in 2021
|Market Size Value in 2028
|Growth Rate||CAGR of 7.95% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Type, Application, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Garden Valley Foods, Gemef Industries, JR Farm, BP Miling, Dumoulin S.A., Inland Empire Foods Inc, Exotic Nutrition|
|Customization Scope||Free report customization with purchase|
- By Type
- Green Pea
- Yellow Pea
- By Application
- Animal Feed
- Processed Food
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL PEA FLAKES MARKET, BY TYPE
5.2. Green Pea
5.3. Yellow Pea
6. GLOBAL PEA FLAKES MARKET, BY APPLICATION
6.2. Animal Feed
6.3. Processed Food
7. GLOBAL PEA FLAKES MARKET, BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.4.1. United Kingdom
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Garden Valley Foods
9.2. Gemef Industries
9.3. JR Farm
9.4. BP Miling
9.5. Dumoulin S.A.
9.6. Inland Empire Foods Inc
9.7. Exotic Nutrition
Garden Valley Foods
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