Press release
Embracing Health Trends: Tapping into the Rapidly Expanding Pea Flakes Market
Pea Flakes Market
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.
Market Overview -
Pea flakes are a nutritious supplemental food that includes lysine as well as important minerals and amino acids. Because the starch was broken down during the crushing, it is simple to digest. Pea flakes are a 100 percent natural product with no added chemicals.
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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
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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