Pea Processed Ingredients Market: Huge Growth to be Witnessed in Revenue by 2028 - Exclusive Forecast Report by Stratagem Market Insights

Seattle, United States: According to a recent market research study "Pea Processed Ingredients Market By Type (Protein, Starch, Flour, Fiber), By Application (Meat & Meat Substitutes, Performance Nutrition, Fucntional Foods, Snacks, Bakery, Confectionery), and By Region (North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa) - Global Growth, Trends, and Forecast to 2028", published by Stratagem Market Insights, The Pea Processed Ingredients market rise in demand from emerging economies and the growth of the organized industry sector create growth opportunities for the market.

📌 Segmentation by Type:

The type segment contributed the largest share to the global Pea Processed Ingredients market in 2021; this segment is projected to grow at the highest CAGR from 2022 to 2028.

✤ Protein
✤ Starch
✤ Flour
✤ Fiber

📌 Segmentation by Application:

An end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid development in emerging economies North America, APAC, MEA, Europe, and RoW.

✤ Meat & Meat Substitutes
✤ Performance Nutrition
✤ Functional Foods
✤ Snacks
✤ Bakery
✤ Confectionery

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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Pea Processed Ingredients Market includes the following core components:

The value chain of the Pea Processed Ingredients market includes the following core components:

✦ Inputs
✦ Operations
✦ Distribution and logistics
✦ Marketing and sales
✦ Aftermarket and service
✦ Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Highlights -

Segmentation - The report extensively covers market segmentation by Type (Protein, Starch, Flour, Fiber) and Application (Meat & Meat Substitutes, Performance Nutrition, Functional Foods, Snacks, Bakery, Confectionery)

Key Companies - 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), Felleskjøpet Rogaland Agder (Norway)

Driver - Growing investments in Pea Processed Ingredients industry to drive the market

Challenge - Declining costs to hamper the market growth

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Leading Players Insights -

The Pea Processed Ingredients Market is concentrated and the players are deploying growth strategies such as focusing on improving their sales, distribution, and working capital effectively to compete in the market.

✤ 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)
✤ Felleskjøpet Rogaland Agder (Norway)

Find additional highlights on the Players and their product/service offerings. Download Sample Report: https://www.stratagemmarketinsights.com/sample/42665

Overview of the Pea Processed Ingredients Market:

Pea processed ingredients are widely used in the food industry for a variety of applications. These include meat substitutes, functional foods, performance nutrition, snacks, and bakery products. The versatility of pea processed ingredients means that they are a cost-effective and healthy alternative to meat. Furthermore, they are clean label alternatives and can be used in place of dairy and eggs. There are numerous benefits of pea processed ingredients

Growing demand for pea processed ingredients from food and beverage, feed, and pet food industry is driving growth of the pea processed ingredients market. Rising awareness regarding health benefits of pea processed ingredients is again creating demand for products. Moreover, growing demand for gluten free products is again augmenting growth of the market. Advancement in the food pea protein ingredients is further projected to accelerate growth of the market. For instance in December 2020, Axiom Foods launches new versions of VegOtein TX Texturized Pea Protein for vegan and processed meats.

North America is expected to witness significant growth over the forecast period owing to the increasing investment by key players in the market. For instance, in August 2019, Cargill has invested an additional $75 million in PURIS, the North American producer of pea protein. The investment enables PURIS to more than double its pea protein production using an existing 200,000 square-foot facility in Dawson, Minn.

Key Developments:

⇨ In December 2021, Innovative Belgian start-up Tiptoh has partnered with SIG and Olympia Dairy to bring a new range of pea protein beverages to the Belgian market

⇨ In February 2022, Roquette marked the opening of its new "Plant for the Future" in Portage la Prairie, MB on November 17. The pea protein production plant is the largest facility of its kind across the globe

⇨ In August 2021, Ingredion Inc. opened new production capabilities for flours and concentrates at its pulse-based protein facility in Vanscoy, Sask., which it acquired from Verdient Foods in November 2020. The facility currently produces flours and concentrates from pulses such as peas, lentils and fava beans that are sustainably sourced from North American farms

⇨ In September 2020, ADM, a supplier of nutrition solutions for the global food and beverage industry, announced the launch of Arcon T textured pea proteins, Prolite MeatTEX textured wheat protein, and Prolite MeatXT non-textured wheat protein.

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