The global pea flakes market size is expected to reach USD 3.4 billion by
2025, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 9.6% over the forecast period. Growing awareness regarding health
benefits offered and rise in incorporation of pea flakes as a staple food are
expected to remain a key driving factor. Furthermore, increasing application of
yellow and green pea flakes as an animal feed and aqua feed is fueling the
demand for these products.
North America dominated the market in 2018
with a revenue of USD 629.3 million. This region is expected to witness
significant growth due to growing awareness regarding the high nutritional
content of the product and rising health issues like obesity and high blood
pressure. Furthermore, strong brand goodwill and foothold of one of the major
industry players, Garden Valley Foods is generating demand through their
well-established distributor networks in U.S.
Asia pacific is anticipated to witness
significant growth in the coming years. This growth is attributed to growing
health awareness and rapidly increasing population in the countries including
China and India. Rising incorporation of pea flakes in soups, salads, and other
food products is a key factor expanding the scope of the global market in
above-mentioned countries.
Yellow pea flakes led the market and
accounted for 53.1% share of the overall revenue in 2018 owing to their high
vitamin, mineral, and protein content, coupled with increasing inclination of
consumers towards these products. Green pea flakes is the fastest growing
segment in the market since it is easy to digest, rich in fiber, and natural
source of protein. Growing application of pea flakes in aqua feed is drawing
more demand for these products.
The food processing application segment
accounted for the largest market share in 2018 due to superior health benefits
of the product and high acceptance among the fitness oriented population. Usage
of these products in animal feed is increasing in order to fulfill nutritional
deficiencies.
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https://www.grandviewresearch.com/industry-analysis/pea-flakes-market
https://www.grandviewresearch.com/industry-analysis/pea-flakes-market
Further key findings from the report suggest:
· The global pea flakes market is projected
to generate a revenue of USD 3.4 billion by 2025
· By application, animal feed held a share of
25.3% of the overall revenue for the year, 2018
· Europe is expected to account for 25.9%
share of global revenue by 2025
· Key players operating in this market
include Garden Valley Foods; Gemef Industries (Sotexpro); PE Levona; JR Farm;
BP Milling; Dumoulin S.A.; Green Foods LLP; and Inland Empire Foods Inc.
Grand View Research has segmented the
global pea flakes market on the basis of type, application, distribution
channel, and region:
Pea Flakes Type Outlook (Revenue, USD Million, 2015
- 2025)
·
Yellow
·
Green
Pea Flakes Application Outlook (Revenue, USD
Million, 2015 - 2025)
·
Food Processing
·
Animal Feed
·
Aqua Feed
·
Households/Retail
Pea Flakes Distribution Channel Outlook (Revenue,
USD Million, 2015 - 2025)
·
Hypermarket/Supermarket
·
Convenience Stores
·
Online
Pea Flakes Regional Outlook (Revenue, USD Million,
2015 - 2025)
·
North America
o
U.S.
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
o
South Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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