The global Pea Flakes market is expected to reach a market valuation of US$ 1,788 million by 2023, recording a CAGR of 4.2% from 2023 to 2033.
Pea flakes are a great source of proteins, vitamins, high dietary fiber, and other nutrients. They make for nutritious snacks or supplementary foods. These flakes, which resemble starches, are typically combined with regular meals. Due to the numerous health advantages provided, pea flakes are also a very nutritious pet food. Pets can easily chew pea flakes due to their texture, which is produced by battering and flattening the peas. There are two varieties of pea flakes: yellow pea flakes and green pea flakes.
| Attributes | Details |
|---|---|
| Pea Flakes Market Size (2023E) | US$ 1,788 million |
| Pea Flakes Market Projected Size (2033F) | US$ 2,699 million |
| Value CAGR (2023 to 2033) | 4.2% |
| Top 3 Countries Marketing Share | 71.5% |
These ingredients are combined as value-added additives to soups, breadcrumbs, and salad toppings. Moreover, pea flakes are dissolved in water and drunk as beverages. Moreover, flakes are a perfect diet for aquatic creatures like fish because of how easily they dissolve in water.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 4.1% |
| Jul-Dec (H2), 2021 (A) | 4.0% |
| Jan-Jun (H1), 2022 Projected (P) | 4.3% |
| Jan-Jun (H1), 2022 Outlook (O) | 4.5% |
| Jul-Dec (H2), 2022 Projected (P) | 4.8% |
| Jul-Dec (H2), 2022 Outlook (O) | 4.8% |
| Jan-Jun (H1), 2023 Projected (P) | 4.9% |
One of the key reasons anticipated to propel growth of the global pea flakes market is increasing awareness of the nutritional value and advantages of consuming pea flakes. Those who are concerned about their health frequently include pea flakes in their everyday diets. Pea flakes have been shown to be vital for animals since they are highly digested and contain the amino acid lysine, in addition to its health benefits.
Protein, which is one of the essential nutrients needed by the body, is abundant in pea flakes. This feature, coupled with rising demand for high-protein supplemental foods from people like gymnasts, athletes, and others who indulge in other forms of exercise, are additional key factors anticipated to propel market growth.
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Specifically for rodents and rabbits, pea flakes are used as animal feed. Lysine, an amino acid, can be found in pea flakes. For little animals, this vitamin is crucial. It is simple to digest since the starch is broken down during the crushing and flattening of the pea flakes. Pets should not consume raw peas since they cannot be digested by them. Nonetheless, the pea flakes are sweet and simple to digest, which makes them an alluring treat for pets. The pea flakes have a lot of calories as well.
The pea flakes are a sustainable aqua feed that can be ingested even by young fish because of their high solubility in water and greater uniformity.
The largest revenue share in the worldwide pea flakes market is anticipated to come from the North American market. The demand for and consumption of pea flakes is rising, particularly in the USA, as a result of the nation's growing health problems, with obesity ranking among the most serious ones. Further factors anticipated to fuel market growth in the area include the availability of these products at cheaper prices and customers' rising spending on superfoods or healthy food items.
The Asia Pacific pea flakes market is expanding as a result of rising health consciousness among the populace, particularly in China and India. Because to the high protein content, pea flakes are used on a fairly significant scale in this region in soups, salads, and other food products. Also, the nutritional value is increased by the antioxidant and anti-inflammatory qualities. Pea flakes are anticipated to be used more frequently in the future as a replacement for traditional flakes, which are heavy in carbohydrates but low in protein.
Over the next ten years, the Europe market is anticipated to contribute the second-highest revenue share. The European markets in Germany, Spain, France, and the UK are anticipated to generate the most revenue. The market in this area is anticipated to be driven by rising applications of these products as an ingredient in a range of food items and animal feed.
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Of the product type segments, the segment for yellow pea flakes is anticipated to have the largest revenue share. Due to its high protein content and low cholesterol levels, it is increasingly popular among fitness enthusiasts, which contributes to its supremacy. Compared to green pea flakes, yellow pea flakes are becoming more and more popular all over the world.
In comparison to other application areas, it is anticipated that the food processing segment will generate the majority of income. Given that these foods are rich in vitamins and fiber, pea flakes are utilized in a variety of foods such sandwiches, soups, and salads. Furthermore, by turning meal components into energy, pea flakes aid in boosting the body's metabolism.
Pea Flakes market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Nature, Type, End Use, Packaging, Distribution Channel and Region |
| Key Companies Profiled | Dumoulin S.A.; Garden Valley Foods; JR Farm; Gemef Industries (Sotexpro); BP Milling; Green Foods LLP; PE Levona; Inland Empire Foods Inc.; Inland Empire Foods; Wheeeky Pets; Nutiva Inc; The Simply Good Food Co; Danone SA; Orgain Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Pea Flakes Market is valued at US$ 1,788 million for 2023.
The Pea Flakes Market valuation is expected to be US$ 2,699 million in the year 2023.
The value of CAGR for the Pea Flakes Market is estimated to be 4.2%.
The Yellow Pea Flake segment would garner a significant market value share by 2023.
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