Summary

Global Pea Processed Ingredients Market reached USD 2.81 billion in 2020. The Global Pea Processed Ingredients Market tends to grow by a CAGR of 10.13% in the 2021-2027 period.
Peas can be used as an ingredient in form of pea starch, pea fiber, pea protein, pea flour through the extraction of various varieties of peas such as dry peas, yellow split peas, lentils, green peas, etc. The major driving factors for this market include globally increasing vegan population and growing consumption of vegan products. Another trending factor driving the growth of this market is adoption of high-tech machines for the extraction of peas for the final product; extraction of pea is a complex process it includes washing, depoding, prinking and blanching, drying, weighing and packing, etc. The sluggish production of dry peas is hampering the growth of the market. Established players have the opportunity to expand their product portfolio because of the growing demand for gluten-free products. Owing to the huge production of yellow split peas along with the higher demand from the customer, yellow split peas accounted for the largest market share in the source type. In 2019, Puris Foods launched a new pea starch ingredient that is used in sports nutrition through vegan gummies.

The key regions covered in the global Pea Processed Ingredients market are North America, Latin America, Europe, East Asia, South Asia-Pacific, and the Middle East & Africa. North America accounted for the largest market share and is estimated to grow in the forecasted period owing to the huge export of dry peas from the region and easy availability of raw materials.

Major market players included in this report are:
Emsland Group (Germany)
DuPont (US)
Kerry (Ireland)
COSUCRA Groupe Warcoing SA (Belgium)
Roquette Frères (France)
Vestkorn Milling AS (Norway)
Ingredion Incorporated (US)
Axiom Foods, Inc (US)
AGT Food and Ingredients (Canada)
Puris Foods (US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Protein
Starch
Flour
Fiber
By Application:
Food
Meat & Meat Substitutes
Performance Nutrition
Functional Foods
Snacks
Bakery
Confectionery
Others
Beverage
Others
By Source:
Yellow split peas
Chickpeas
Lentils
By Region:
North America
The U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Pea Processed Ingredients Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors