Global Pea Flakes Market is valued approximately at USD 1.88 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.50% over the forecast period 2023-2030. Pea flakes, derived from yellow and green peas, are protein-rich snacks and supplements. They offer a plethora of nutrients, including dietary fiber and vitamins. Pea flakes can be mixed with starch and consumed alongside meals. The global pea flakes market is experiencing growth in the food and beverage industry due to its growing usage in hotels, cafes, and food processing as a replacement for breadcrumbs, flour mixes, and other ingredients. Additionally, the market is expanding with the use of pea flakes as proteins in gym supplements, dietary supplements, and protein manufacturing. Furthermore, the anti-oxidant properties of pea flakes have opened up a new market in pet animal and aquatic animal feed, leading to increased demand for the product.
Moreover, the pea flakes market is anticipated to drive by the rising demand in food and beverages industry. They serve as versatile replacements for breadcrumbs and flour mixes while also being used in gym supplements, dietary supplements, and protein manufacturing. According to Statista, the global food market is projected to witness continuous revenue growth from 2023 to 2027, with a total increase of USD 2.6 trillion (+27.57 percent). By 2027, the estimated revenue is expected to reach USD 12 trillion. Additionally, growing number of fitness centres and increased female participation and Increasing use of the product as a thickening agent offers lucrative opportunities to the market. However, the availability of low-cost substitutes stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Pea Flakes Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to their potential to address health issues such as obesity, high blood pressure, and nutritional deficiencies, particularly in the United States. Additionally, the market is driven by the availability of affordable products and the high spending capacity of individuals in developed economies, further fueling market growth in this region. Asia Pacific is expected to fastest growing significantly during the forecast period, due to the rising consumption rates and economic development in countries like India, China, Indonesia, and Japan. These developing nations have experienced an increase in per capita income, leading to a willingness to spend more on higher-quality and nutritious food.
Major market player included in this report are:
- Nutiva Inc
- The Simply Good Food Co.
- Iovate Health Sciences International Inc.
- Danone SA
- Orgain Inc.
- True Nutrition
- Garden Valley Foods
- SOTEXPRO
- JR FARM GmbH
- B P Milling Ltd
Recent Developments in the Market:
- In October 2022, Choc Affair, an ethical chocolate brand from York, UK, has expanded its range with new plant-based offerings. The additions include Oat Milk Hot Chocolate and Oat Milk Chocolate Buttons, available in milk, white, and dark chocolate variations suitable for vegans. The launch has prompted interest from confectionery, bakery, and dairy customers who are now exploring vegan formulations, according to Ilco Kwast, the commercial director at Cargill.
Global Pea Flakes Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Nature, Type, End Use, Packaging, Application, Distribution Channel, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Nature:
By Type:
By End-Use:
- Food Processing
- Animal Feed
- Aqua Feed
- Household/Retail
By Packaging:
- Retail
- Pouches
- Paper bags
- Tins
- Bulk
By Application:
- Food Processing
- Animal Feed
By Distribution Channel:
- B2B/Direct
- B2C/Indirect
- Supermarkets/Hypermarkets
- Modern Grocery Stores
- Online Retailers
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Pea Flakes Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Pea Flakes Market, by Nature, 2020-2030 (USD Billion)
- 1.2.3. Pea Flakes Market, by Type, 2020-2030 (USD Billion)
- 1.2.4. Pea Flakes Market, by End Use, 2020-2030 (USD Billion)
- 1.2.5. Pea Flakes Market, by Packaging, 2020-2030 (USD Billion)
- 1.2.6. Pea Flakes Market, by Application, 2020-2030 (USD Billion)
- 1.2.7. Pea Flakes Market, by Distribution Channel, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Pea Flakes Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Pea Flakes Market Dynamics
- 3.1. Pea Flakes Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing food and beverage industry
- 3.1.1.2. Growing adoption from aqua feed and animal feed industry
- 3.1.2. Market Challenges
- 3.1.2.1. Availability of low-cost substitutes
- 3.1.2.2. Side effects from Pea Flakes
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing number of fitness centres and increased female participation
- 3.1.3.2. Increasing use of the product as a thickening agent
Chapter 4. Global Pea Flakes Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Pea Flakes Market, by Nature
- 5.1. Market Snapshot
- 5.2. Global Pea Flakes Market by Nature, Performance - Potential Analysis
- 5.3. Global Pea Flakes Market Estimates & Forecasts by Nature 2020-2030 (USD Billion)
- 5.4. Pea Flakes Market, Sub Segment Analysis
- 5.4.1. Organic
- 5.4.2. Conventional
Chapter 6. Global Pea Flakes Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Pea Flakes Market by Type, Performance - Potential Analysis
- 6.3. Global Pea Flakes Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 6.4. Pea Flakes Market, Sub Segment Analysis
- 6.4.1. Yellow Peas
- 6.4.2. Green Peas
Chapter 7. Global Pea Flakes Market, by End Use
- 7.1. Market Snapshot
- 7.2. Global Pea Flakes Market by End Use, Performance - Potential Analysis
- 7.3. Global Pea Flakes Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
- 7.4. Pea Flakes Market, Sub Segment Analysis
- 7.4.1. Food Processing
- 7.4.2. Animal Feed
- 7.4.3. Aqua Feed
- 7.4.4. Household/Retail
Chapter 8. Global Pea Flakes Market, by Packaging
- 8.1. Market Snapshot
- 8.2. Global Pea Flakes Market by Packaging, Performance - Potential Analysis
- 8.3. Global Pea Flakes Market Estimates & Forecasts by Packaging 2020-2030 (USD Billion)
- 8.4. Pea Flakes Market, Sub Segment Analysis
- 8.4.1. Retail
- 8.4.2. Pouches
- 8.4.3. Paper bags
- 8.4.4. Tins
- 8.4.5. Bulk
Chapter 9. Global Pea Flakes Market, by Application
- 9.1. Market Snapshot
- 9.2. Global Pea Flakes Market by Application, Performance - Potential Analysis
- 9.3. Global Pea Flakes Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 9.4. Pea Flakes Market, Sub Segment Analysis
- 9.4.1. Food Processing
- 9.4.2. Animal Feed
Chapter 10. Global Pea Flakes Market, by Distribution Channel
- 10.1. Market Snapshot
- 10.2. Global Pea Flakes Market by Distribution Channel, Performance - Potential Analysis
- 10.3. Global Pea Flakes Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
- 10.4. Pea Flakes Market, Sub Segment Analysis
- 10.4.1. B2B/Direct
- 10.4.2. B2C/Indirect
- 10.4.3. Supermarkets/Hypermarkets
- 10.4.4. Modern Grocery Stores
- 10.4.5. Online Retailers
- 10.4.6. Others
Chapter 11. Global Pea Flakes Market, Regional Analysis
- 11.1. Top Leading Countries
- 11.2. Top Emerging Countries
- 11.3. Pea Flakes Market, Regional Market Snapshot
- 11.4. North America Pea Flakes Market
- 11.4.1. U.S. Pea Flakes Market
- 11.4.1.1. Nature breakdown estimates & forecasts, 2020-2030
- 11.4.1.2. Type breakdown estimates & forecasts, 2020-2030
- 11.4.1.3. End Use breakdown estimates & forecasts, 2020-2030
- 11.4.1.4. Packaging breakdown estimates & forecasts, 2020-2030
- 11.4.1.5. Application breakdown estimates & forecasts, 2020-2030
- 11.4.1.6. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 11.4.2. Canada Pea Flakes Market
- 11.5. Europe Pea Flakes Market Snapshot
- 11.5.1. U.K. Pea Flakes Market
- 11.5.2. Germany Pea Flakes Market
- 11.5.3. France Pea Flakes Market
- 11.5.4. Spain Pea Flakes Market
- 11.5.5. Italy Pea Flakes Market
- 11.5.6. Rest of Europe Pea Flakes Market
- 11.6. Asia-Pacific Pea Flakes Market Snapshot
- 11.6.1. China Pea Flakes Market
- 11.6.2. India Pea Flakes Market
- 11.6.3. Japan Pea Flakes Market
- 11.6.4. Australia Pea Flakes Market
- 11.6.5. South Korea Pea Flakes Market
- 11.6.6. Rest of Asia Pacific Pea Flakes Market
- 11.7. Latin America Pea Flakes Market Snapshot
- 11.7.1. Brazil Pea Flakes Market
- 11.7.2. Mexico Pea Flakes Market
- 11.8. Middle East & Africa Pea Flakes Market
- 11.8.1. Saudi Arabia Pea Flakes Market
- 11.8.2. South Africa Pea Flakes Market
- 11.8.3. Rest of Middle East & Africa Pea Flakes Market
Chapter 12. Competitive Intelligence
- 12.1. Key Company SWOT Analysis
- 12.1.1. Company 1
- 12.1.2. Company 2
- 12.1.3. Company 3
- 12.2. Top Market Strategies
- 12.3. Company Profiles
- 12.3.1. Nutiva Inc
- 12.3.1.1. Key Information
- 12.3.1.2. Overview
- 12.3.1.3. Financial (Subject to Data Availability)
- 12.3.1.4. Product Summary
- 12.3.1.5. Recent Developments
- 12.3.2. The Simply Good Food Co.
- 12.3.3. Iovate Health Sciences International Inc.
- 12.3.4. Danone SA
- 12.3.5. Orgain Inc.
- 12.3.6. True Nutrition
- 12.3.7. Garden Valley Foods
- 12.3.8. SOTEXPRO
- 12.3.9. JR FARM GmbH
- 12.3.10. B P Milling Ltd
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption