Press release
Dried Peas Market Demand, Size, Share, Analysis And Trends, Insights 2024 To 2033
Dried Peas Market
The Business Research Company offers in-depth market insights through Dried Peas Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The dried peas market size has grown strongly in recent years. It will grow from $5.16 billion in 2023 to $5.54 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to traditional culinary use, long shelf life and storage, culinary versatility, agricultural practices, economic factors, historical trade and distribution.
The dried peas market size is expected to see strong growth in the next few years. It will grow to $7.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to consumer education and marketing, changing dietary preferences, innovations in processing and packaging, sustainable agriculture practices, growing plant-based diets. Major trends in the forecast period include plant-based protein demand, snacking and convenience, expansion of meat alternatives, sustainable agriculture practices, innovation in product forms.
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Market Segmentation:
The dried peas market covered in this report is segmented -
1) By Product Type: Yellow Peas, Green Peas
2) By Nature: Conventional, Organic
3) By Application: Household Or Retail, Foodservice Or HoReCa, Animal Feed, Pharmaceuticals And Supplements, Cosmetics And Personal Care, Food And Beverage Processing
Major Driver - Dried Peas Market Thrives As Consumers Embrace Health-Conscious Lifestyles
The increasing number of individuals preferring a healthy lifestyle is expected to propel the growth of the dried peas market in the coming years. A healthy lifestyle in people nowadays helps fight illness, focuses on a strong immune system to prevent fight infections, and more energy. In recent years, people have been taking care of their health and hence a lot of them are shifting towards a vegetarian diet as it would lead to lower blood pressure, and improved cholesterol levels, which reduces the chance of a heart attack and stroke. For instance, in 2021, according to The British Nutrition Foundation, a UK-based company reported that 62% of Britons have changed their diets to become healthier. This has increased the dried peas market for plant-based proteins as well which include, peas, lentils, beans, and soy products.
Competitive Landscape:
Major companies operating in the dried peas market report are The Kraft Heinz Company, Simplot Company, Ingredion Inc., Roquette Frères S.A., Del Monte Foods Inc., Greenyard Foods NV, TreeHouse Foods Inc., ConAgra Brands Inc., Bonduelle S.A., Keystone Foods LLC, Goya Foods Inc., Seneca Foods Corporation, Premier Foods plc, AGT Food and Ingredients Inc., Conserve Italia S.p.A., Findus France SAS, The Scoular Company, Euroma (Netherlands) BV, C. F. Sauer Company, Cosucra Groupe Warcoing S.A., Meelunie BV, Herba Ingredients Limited, North Bay Trading Company, Vestkorn Milling AS, L.H. Hayward Ltd., Dakota Ingredients LLC, Green Giant Foods LLC, AM Nutrition LLC, Burlingame Foods Inc., Erbsen-Vertriebs-Zentrale eG (EVZ)
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Top Trend - Elevating Sustainability With Organic Pea Starch And Protein Innovations
Major companies operating in the dried peas market are launching new products such as organic pea starch and pea protein to increase their profitability in the market. Organic pea starch and pea protein in the dried peas market are extracted from peas grown organically, free from synthetic pesticides, herbicides, or GMOs, serving as key components for organic and sustainably sourced alternatives. For instance, in October 2022, Roquette Frères, a France-based company focused on plant-based ingredients launched organic pea starch, protein. The organic pea line satisfies consumer demand for organic peas and ensuring a transparent supply chain. Roquette optimizes value from every pea component, with meticulous oversight from field to ingredient, emphasizing starch and protein. Positioned as a pioneering move in the food industry, the line caters to specialized nutrition, non-dairy, and Meatless alternatives, showcasing Roquette's dedication to innovation.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Dried Peas Market Characteristics
3. Dried Peas Market Trends And Strategies
4. Dried Peas Market - Macro Economic Scenario
5. Dried Peas Market Size And Growth
…..
27. Dried Peas Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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