The global Pea Grits market is expected to reach a market valuation of US$ 850.7 million by 2023, recording a CAGR of 5.9% from 2023 to 2033.
Pea grits are consumed in a variety of ways around the world as a result of the food processing and food service sectors' phenomenal growth. Depending on local availability, both yellow and green peas are used to make pea grits. Pea grits are traditionally used as one of the main breakfast foods in the United States and other western nations, which has increased demand for them. Pea grits are not only eaten in homes, but they are also enjoyed as a delectable, succulent side dish at hotels and restaurants serving a range of cuisines.
| Attributes | Details |
|---|---|
| Pea Grits Market Size (2023E) | US$ 850.7 million |
| Pea Grits Market Projected Size (2033F) | US$ 1,509.9 million |
| Value CAGR (2023 to 2033) | 5.9% |
| Top 3 Countries Marketing Share | 68.3% |
Throughout the years, increased health awareness and the need for a nutrient-dense diet have increased demand for pea grits around the world. The peas that are pounded into coarse grits and eaten as a meal are called pea grits.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Pea Grits.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 5.8% |
| Jul-Dec (H2), 2021 (A) | 5.6% |
| Jan-Jun (H1), 2022 Projected (P) | 5.9% |
| Jan-Jun (H1), 2022 Outlook (O) | 5.7% |
| Jul-Dec (H2), 2022 Projected (P) | 5.7% |
| Jul-Dec (H2), 2022 Outlook (O) | 5.4% |
| Jan-Jun (H1), 2023 Projected (P) | 5.9% |
Increasing personal disposable income and an increase in the number of hotels, restaurants, and other food and beverage establishments, particularly in developing economies, are the main drivers of the pea grits market's expansion. Changing lifestyles, westernization, increased R&D efforts made by big corporations, particularly in developing nations, expanding consumer preference for protein-rich food items, and rising public knowledge are all factors. Pea grits market growth is influenced by rising consumer health consciousness and an ongoing change in consumer food patterns. Growing consumer demand for clean label and gluten-free products, expanding interest in organic foods, and rising urban lifestyle acceptance will all contribute to ongoing expansion of the market.
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Pea grits are one of the main components in bird feeds because of the greater protein content. Due to growing consumer knowledge of the health advantages provided by natural products, as well as concerns about an ingredient's source and quality, protein-rich ingredients like pea grits are becoming more and more in demand. Vegan proteins, including pea grits, have recently been added to savory dishes due to the rising demand for natural ingredients and vegan proteins. It is projected that pea grits would experience rising demand among consumers and food processors worldwide in the next years as a quick, delicious, and protein-rich cereal breakfast option.
In North America, pea grits are widely made and eaten as a common morning cereal. Its growing usage can be attributed to the rising demand for quick, wholesome breakfasts. Pea grits are more frequently consumed as a standard breakfast food in North America. In recent years, pea grits have also been used in this region as a porridge.
The Asia-Pacific region is also the market leader for pea grits and is expected to maintain this position throughout the forecast period due to the region's enormous popularity and widespread consumption of plant-based protein, as well as an increase in the popularity of convenience meals, an increase in per capita consumption of baked goods, a growing population, sweeping lifestyle changes, and rising personal disposable income.
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Due to the absence of gluten, a protein present in wheat, barley, and rye, pea grits are a gluten-free substitute. Those with celiac disease or gluten intolerance may have negative side effects from gluten. The naturally gluten-free peas used to make pea grits are pounded and dried. When making bread, crackers, and other baked items, they can be used in place of grains like wheat and barley that contain gluten. Pea grits are a nutritious option for those who follow a gluten-free diet because they are an excellent source of protein, fiber, and other nutrients. Pea grits can be used in a range of gluten-free recipes because they are a wholesome and adaptable component.
By adding pea grits to the cooking liquid and letting them cook until they soften and thicken the broth, you can use them to thicken soup. Vegetable soup, split pea soup, lentil soup, and other soups can all be thickened with pea grits. They provide the soup a deep, savory taste and a creamy texture. Also, pea grits can boost the nutritional content of the soup because they are a strong source of protein and fiber.
The Pea Bark Essential Oil 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 | Product Type, End Use, Flavor, Distribution Channel and Region |
| Key Companies Profiled | Martino Rossi SpA; Avena Foods, Limited; Best Cooking Pulses, Inc.; ADM, Ingredion.; AGT Food and Ingredients; ANCHOR INGREDIENTS.; Agspring, LLC; The Scoular Company; SunOpta.; EHL Limited; Batory Foods.; Diefenbaker Spice & Pulse. |
| 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 Grits Market is valued at US$ 850.7 million for 2023.
The Pea Grits Market valuation is expected to be US$ 1,509.9 million in the year 2023.
The value of CAGR for the Pea Grits Market is estimated to be 5.9%.
The Food Processing segment would garner a significant market value share by 2023.
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