Segmentation, Major Trends, and Competitive Overview of the Pea Flakes Market

The pea flakes market is on the brink of significant expansion as demand for plant-based and sustainable food ingredients continues to rise globally. This report delves into key market details, including projected sizes, major players, emerging trends, and the segmentation that defines this fast-growing industry.

Expected Growth and Market Size of the Pea Flakes Industry by 2030
The pea flakes market is projected to grow substantially, reaching a market value of $3.81 billion by 2030. This growth represents a compound annual growth rate (CAGR) of 10.6%, driven by several factors. These include an increasing preference for sustainable protein sources, broader adoption of functional food products, the rise of plant-based diets, expanding uses in specialty animal feeds, and growing investments in pulse processing infrastructure. Trends anticipated to influence the market include expanded use of plant-based nutritional ingredients, a shift toward natural and minimally processed foods, increased application in animal feed, growth in organic pea-based offerings, and a stronger focus on improving digestibility and nutrient preservation.

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Top Companies Leading the Pea Flakes Market
Several prominent organizations are shaping the pea flakes industry's landscape. Key players include Gemef Industries, BP Milling Ltd, Dumoulin SA, Garden Valley Foods, Green Foods LLP, Inland Empire Foods Inc, Vestkorn Milling AS, Cosucra Groupe Warcoing SA, Emsland Group, Roquette Freres SA, Avena Foods Limited, Best Cooking Pulses Inc, CanMar Grain Products Ltd, Ingredion Incorporated, JR Farm GmbH, Puris Foods, AGT Food and Ingredients, Parrheim Foods, Shandong Jianyuan Group, and Vest Foods. These companies are actively contributing to market growth through product innovation and expanding production capabilities.

Emerging Trends Creating Opportunities in the Pea Flakes Market
One of the notable developments in this sector is the growing focus on gluten-free product innovations. Companies are introducing new gluten-free snack options to appeal to health-conscious consumers seeking alternatives to traditional wheat-based products. Gluten-free snacks exclude gluten proteins found in wheat, barley, and rye, making them suitable for individuals with gluten sensitivities or preferences for gluten-free diets.

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For example, in August 2023, Calbee Inc., a Japanese food company, launched a new flavor in its Harvest Snaps snack line through a collaboration with Walmart. Harvest Snaps offers a variety of plant-based snacks, including the well-known Snapea Crisps. These snacks are baked rather than fried and lightly salted, presenting a healthier choice for consumers. Made from green peas, Harvest Snaps are appreciated for their crunchy texture and flavorful taste. The sampler pack contains seven different flavors, providing a broad selection of tasty, baked, plant-based snacks for customers.

Detailed Segmentation of the Pea Flakes Market
The pea flakes market is organized into several segments to better understand its structure and consumer uses. These segments include:
1) By Type: Yellow Pea and Green Pea
2) By Nature: Organic and Conventional
3) By Application: Food Processing and Animal Feed
4) By Distribution Channel: Hypermarket or Supermarket, Convenience Stores, and Online Retail

Further subcategories break down the types of pea flakes, such as:
- Whole Yellow Pea Flakes and Split Yellow Pea Flakes
- Whole Green Pea Flakes and Split Green Pea Flakes

This segmentation helps in analyzing the distinct market needs, consumption patterns, and distribution strategies across different regions and consumer groups.

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This release was published on openPR.