Press release
Pea Flakes Market Outlook 2024: Exclusive Report By The Business Research Company | Gemef Industries, BP Milling Ltd., Danone SA, Dumoulin SA, Garden Valley Foods, Green Foods LLP
Pea Flakes Market Characteristics
The Business Research Company offers in-depth market insights through Pea Flakes 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 pea flakes market size has grown rapidly in recent years. It will grow from $1.86 billion in 2023 to $2.07 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to health and wellness trends, vegetarian lifestyle trends, food industry innovation, consumer preference for natural ingredients, sustainability concerns, allergen-free nature..
The pea flakes market size is expected to see rapid growth in the next few years. It will grow to $3.14 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to continued health and wellness focus, expanding vegan and vegetarian markets, government policies and subsidies, rising environmental awareness, increased acceptance of alternative proteins.. Major trends in the forecast period include demand for clean label and natural ingredients, expansion of pet food applications, investments in processing technologies, emergence of pea flakes as a texturizing agent, global market penetration..
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Market Segmentation:
The pea flakes market covered in this report is segmented -
1) By Type: Yellow Pea, Green Pea
2) By Nature: Organic, Conventional
3) By Application: Food Processing, Animal Feed
4) By Distribution Channel: Hypermarket or Supermarket, Convenience Stores, Online
Major Driver - Pea Flakes Market Growth Driven By Superfood Trend
The increasing expenditure on superfoods or healthy food products is expected to propel the growth of the pea flakes market going forward. Superfoods or healthy food products are defined as nutrient-dense meal, such as salmon, broccoli, or blueberries, that are thought to be good for one's health because it contains antioxidants, fiber, or fatty acids. The increasing expenditure on superfoods or healthy food products will create demand for pea flakes as they are one of the nutritional foods that have health benefits. For instance, according to Medical News Today, a UK-based web-based outlet for medical information and news, the global superfoods or healthy food products market expenditure was found to be USD 6.57 billion in 2022, which is expected to reach a value of USD 11.50 billion in 2030 with a compound annual growth rate (CAGR) of 7.2%. Therefore, the increasing expenditure on superfoods or healthy food products is driving the growth of the pea flakes market.
Competitive Landscape:
Major companies operating in the pea flakes market report are Gemef Industries, BP Milling Ltd., Danone SA, Dumoulin SA, Garden Valley Foods, Green Foods LLP, Inland Empire Foods Inc., Iovate Health Sciences International Inc., JR Farm GmbH, Nutiva Inc., Orgain Inc., The Simply Good Food Company, True Nutrition, Wheeky Pets LLC, Vestkorn Milling AS, Cosucra Groupe Warcoing SA, Emsland Group, Roquette Freres SA, Avena Foods Limited, Batory Foods Inc., Best Cooking Pulses Inc., CanMar Grain Products Ltd., Cargill Inc., Columbia Grain International Inc., Diefenbaker Spice & Pulse, Gavilon Group LLC, Global Grain Canada Ltd., Ingredion Incorporated, J.G. Boswell Company, Kashi Company, Kellogg Company
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https://www.thebusinessresearchcompany.com/report/pea-flakes-global-market-report
Top Trend - New Pea Flakes Products Offer Versatility And Nutritional Benefits
Product innovation is a key trend gaining popularity in the pea flakes market. Major companies operating in the pea flakes market are focused on developing innovative products to strengthen their market position. For instance, in December 2021, Gold&Green, a Finland-based Finnish food technology company launched protein granules and protein flakes made from oat bran, pea, and fava bean protein. The plant-based ingredients have a neutral flavor profile and texture that can be adjusted to fit different uses. They have fiber, potassium, and iron, and are a rich source of protein. The components can be used to make shaped foods such as falafel, veggie burgers, balls, and patties. They can be used in deli salads, baked goods, frozen dinners, and plant-based substitutes for dairy, meat, and fish as well as a source of protein.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pea Flakes Market Characteristics
3. Pea Flakes Market Trends And Strategies
4. Pea Flakes Market - Macro Economic Scenario
5. Pea Flakes Market Size And Growth
…..
27. Pea Flakes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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