[Latest] Global Pea Flakes Market Size/Share Worth USD 3,226.1 Million by 2033 at a 4.1% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
Austin, TX, USA, June 21, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Pea Flakes Market Size, Trends and Insights By Product (Regular pea flakes, Organic pea flakes, Flavored pea flakes, Gluten-free pea flakes, Others), By Type (Yellow, Green), By Application (Food Processing, Animal Feed, Aqua Feed, Households/Retail, Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty stores, Online retail platforms, Convenience stores, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Pea Flakes Market size & share was valued at approximately USD 2,158.5 Million in 2023 and is expected to reach USD 2,247.1 Million in 2024 and is expected to reach a value of around USD 3,226.1 Million by 2033, at a compound annual growth rate (CAGR) of about 4.1% during the forecast period 2024 to 2033.”
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Pea Flakes Market: Growth Factors and Dynamics
- Increasing Demand for Plant-Based Protein Sources: With the growing trend towards vegetarianism, veganism, and flexitarian diets, there is a rising demand for plant-based protein sources. Pea flakes, being rich in protein, are gaining popularity as a nutritious alternative to animal-based proteins. This increasing demand is driving the growth of the pea flakes market.
- Rising Health Consciousness: Consumers are becoming more health-conscious and are actively seeking out foods that are perceived as healthier and more nutritious. Pea flakes are considered a healthy option due to their high protein and fiber content, as well as being gluten-free and low in fat. As a result, health-conscious consumers are incorporating pea flakes into their diets, contributing to market growth.
- Expansion of the Snack Food Industry: The snack food industry is experiencing significant growth globally, driven by busy lifestyles and the need for convenient, on-the-go food options. Pea flakes, with their crunchy texture and versatility, are increasingly being used as a base for healthy snack products. The expansion of the snack food industry is fueling demand for pea flakes as an ingredient, thereby driving market growth.
- Product Innovation and Diversification: Manufacturers are continually innovating and diversifying their product offerings to cater to changing consumer preferences and dietary requirements. This includes introducing new flavors, formulations, and packaging options for pea flakes. Product innovation and diversification efforts are expanding the consumer base for pea flakes and driving market growth.
- Expanding Retail Distribution Channels: The availability of pea flakes through various retail distribution channels, including supermarkets/hypermarkets, specialty stores, and online platforms, is expanding rapidly. This increased accessibility is making pea flakes more convenient for consumers to purchase, thereby boosting market growth.
- Growing Awareness of Environmental Sustainability: There is a growing awareness of the environmental impact of food production and consumption. Pea flakes, being derived from peas, are considered more environmentally sustainable compared to animal-based protein sources. As consumers become more environmentally conscious, they are increasingly opting for sustainable food choices like pea flakes, driving market growth.
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Pea Flakes Market: Partnership and Acquisitions
- In 2021, Danone announced commercial availability of its Vega One pea flakes products, including Vega One Sport, in China. These products contain pea flakes along with sunflower seeds, alfalfa, pumpkin seeds, and other ingredients, targeting athletes and offering a nutritious plant-based option.
- In 2020, Burcon NutraScience Corporation and investors formed a joint venture to build a C$65 million manufacturing plant in Western Canada for pea and canola flakes. The plant will distribute Burcon’s Peazac, Peazazz pea flakes, and Nutratein, Puratein, and Supertein canola flakes.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 2,247.1 Million |
| Projected Market Size in 2033 | USD 3,226.1 Million |
| Market Size in 2023 | USD 2,158.5 Million |
| CAGR Growth Rate | 4.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product, Type, Application, Distribution Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Pea Flakes report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Pea Flakes report has been modified to include the COVID-19 impact study prior to delivery.)
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Pea Flakes Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Pea Flakes Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Disruption in Supply Chains: The COVID-19 pandemic led to disruptions in global supply chains, including those for food products. This disruption affected the availability of raw materials and ingredients required to produce pea flakes, leading to potential shortages and supply chain challenges.
- Shift in Consumer Preferences and Buying Behavior: The pandemic caused significant changes in consumer preferences and buying behavior, with a heightened focus on health, safety, and convenience. While demand for shelf-stable and nutritious foods like pea flakes increased during the pandemic, the closure of food service establishments and disruptions in traditional retail channels impacted the distribution of pea flakes.
- Adoption of E-commerce Channels: To recover from the impact of COVID-19, pea flakes manufacturers may accelerate their adoption of e-commerce channels. By expanding their online presence and leveraging e-commerce platforms, companies can reach consumers directly and mitigate the impact of disruptions in traditional retail channels.
- Product Innovation and Marketing: Manufacturers can invest in product innovation and marketing efforts to differentiate their pea flakes offerings and attract consumers. This may include launching new flavors, packaging formats, and value-added products that align with evolving consumer preferences for healthy and convenient food options.
- Supply Chain Diversification: To mitigate the risk of future disruptions, pea flakes manufacturers may diversify their supply chains and sourcing strategies. This could involve sourcing raw materials from multiple suppliers and regions, as well as investing in contingency plans to ensure resilience in the face of unforeseen challenges.
- Focus on Sustainability and Traceability: With increasing consumer awareness of sustainability issues, pea flakes manufacturers may emphasize their commitment to sustainable sourcing practices and supply chain transparency. By providing consumers with information about the origins of their products and their environmental footprint, companies can build trust and loyalty.
- Partnerships and Collaborations: Collaboration with other stakeholders in the food industry, such as retailers, distributors, and food service providers, can help pea flakes manufacturers expand their market reach and recover from the impact of COVID-19. Strategic partnerships can facilitate product distribution, marketing initiatives, and access to new consumer segments.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Pea Flakes Market, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
- What is the size of the Pea Flakes market and what is its expected growth rate?
- What are the primary driving factors that push the Pea Flakes market forward?
- What are the Pea Flakes Industry's top companies?
- What are the different categories that the Pea Flakes Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Pea Flakes market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Pea Flakes Market – Regional Analysis
The Pea Flakes Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, the pea flakes market is witnessing a surge in demand driven by the increasing adoption of plant-based diets. Trends include the rising popularity of pea flakes as a versatile ingredient in snacks, soups, and baked goods. Consumers are also seeking out organic and non-GMO options, driving manufacturers to expand their product offerings in response to this demand.
- Europe: In Europe, there is a growing emphasis on sustainability and traceability in the pea flakes market. Consumers are increasingly concerned about the environmental impact of food production and are seeking out products with transparent supply chains. Trends include the rise of eco-friendly packaging options, certifications highlighting sustainable practices, and collaborations between manufacturers and local farmers to promote sustainable sourcing.
- Asia-Pacific: In the Asia-Pacific region, the pea flakes market is driven by the increasing awareness of health and wellness among consumers. Trends include the incorporation of pea flakes into traditional Asian cuisine, innovative product formulations targeting specific dietary needs, and the expansion of distribution channels to reach urban and rural areas alike.
- LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the pea flakes market is experiencing growth due to the rising demand for nutritious and affordable food options. Trends include the development of flavored pea flakes catering to regional taste preferences, partnerships with local retailers and distributors to expand market reach, and investments in marketing campaigns highlighting the health benefits of pea flakes to attract health-conscious consumers.
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List of the prominent players in the Pea Flakes Market:
- Archer Daniels Midland Company
- AGT Food and Ingredients Inc.
- Emsland Group
- Roquette Frères
- Vestkorn Milling AS
- The Scoular Company
- Cosucra Groupe Warcoing SA
- Parrish and Heimbecker Limited
- AGT Foods Australia Pty Ltd.
- Sotexpro
- Nutri-Pea Limited
- Batory Foods
- Dakota Dry Bean Inc.
- SunOpta Inc.
- Euroduna Food Ingredients GmbH
- Others
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The Pea Flakes Market is segmented as follows:
By Product
- Regular pea flakes
- Organic pea flakes
- Flavored pea flakes
- Gluten-free pea flakes
- Others
By Type
- Yellow
- Green
By Application
- Food Processing
- Animal Feed
- Aqua Feed
- Households/Retail
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty stores
- Online retail platforms
- Convenience stores
- Others
Click Here to Get a Free Sample Report of the Global Pea Flakes Market @ https://www.custommarketinsights.com/report/pea-flakes-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Pea Flakes Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Pea Flakes Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Pea Flakes Market? What Was the Capacity, Production Value, Cost and PROFIT of the Pea Flakes Market?
- What Is the Current Market Status of the Pea Flakes Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Pea Flakes Market by Considering Applications and Types?
- What Are Projections of the Global Pea Flakes Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Pea Flakes Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Pea Flakes Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Pea Flakes Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Pea Flakes Industry?
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Reasons to Purchase Pea Flakes Market Report
- Pea Flakes Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Pea Flakes Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Pea Flakes Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Pea Flakes Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Pea Flakes market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Pea Flakes market analysis.
- The competitive environment of current and potential participants in the Pea Flakes market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Pea Flakes market should find this report useful. The research will be useful to all market participants in the Pea Flakes industry.
- Managers in the Pea Flakes sector are interested in publishing up-to-date and projected data about the worldwide Pea Flakes market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Pea Flakes products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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