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Global Pea Flakes Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Food & Beverage
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Pea Flakes Market, By Nature (Organic, Conventional), Type (Yellow Peas, Green Peas), End-Use (Food Processing, Animal Feed, Aqua Feed, Household/Retail), Packaging (Retail, Pouches, Paper bags, Tins, Bulk), Application (Food Processing, Animal Feed), Distribution Channel (B2B/Direct, B2C/Indirect, Supermarkets/Hypermarkets, Modern Grocery Stores, Specialty Stores, Pet Stores, Online Retailers) – Industry Trends and Forecast to 2029.

Pea Flakes Market

Pea Flakes Market Analysis and Size

The increasing incorporation of pea flakes in a variety of food delicacies, as well as rising awareness about its health benefits among fitness enthusiasts, are expected to drive market growth during the forecast period. Pea flakes are in high demand in animal feed because they are a proven source of essential nutrients and are easy to digest.

Data Bridge Market Research analyses that the pea flakes market was valued at USD 1.7 billion in 2021 and is expected to reach the value of USD 3.78 billion by 2029, at a CAGR of 10.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Pea Flakes Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Nature (Organic, Conventional), Type (Yellow Peas, Green Peas), End-Use (Food Processing, Animal Feed, Aqua Feed, Household/Retail), Packaging (Retail, Pouches, Paper bags, Tins, Bulk), Application (Food Processing, Animal Feed) Distribution Channel (B2B/Direct, B2C/Indirect, Supermarkets/Hypermarkets, Modern Grocery Stores, Specialty Stores, Pet Stores, Online Retailers),

Countries Covered

U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

Nutiva Inc (U.S.), The Simply Good Food Co (U.S.), Iovate Health Sciences International Inc. (Canada), Danone SA (France), Orgain Inc. (U.S.), True Nutrition (U.S.), Garden Valley Foods. (US), SOTEXPRO (France), JR FARM GmbH (Germany), B P Milling Ltd (UK), Dumoulin BV (Belgium), Inland Empire Foods Inc (US) Wheeky Pets, LLC. (US)

Opportunities

  • Growing number of fitness centres and increased female participation
  • Increasing use of the product as a thickening agent

Market Definition

Pea flakes are a healthy snack or supplementary food that is high in flakes, vitamins, dietary fibre, and other nutrients. These flakes are starch-like products that are commonly mixed with other foods. Pea flakes are also a very healthy pet food because of the numerous health benefits they provide. Pets can also chew pea flakes because of their texture, which is obtained through the flattening and battering of peas. Pea flakes come in two varieties: yellow pea flakes and green pea flakes.

Pea Flakes Market Dynamics

Drivers

  • Nutritional benefits associated with pea flakes

The global pea flakes market is expected to grow as consumers become more aware of the nutritional value and benefits of eating pea flakes. Pea flakes are commonly found in the diets of health-conscious individuals. Pea flakes are high in vitamins, minerals, antioxidants, and phytonutrients, which provide important health benefits ranging from eye health to cancer prevention.

  • Growing adoption from aqua feed and animal feed industry

Pea flakes are used as animal feed, particularly for rodents and rabbits. The amino acid lysine can be found in pea flakes. This nutrient is essential for small animals. It is easy to digest because the starch is broken down during the crushing and flattening of the pea flakes. Raw peas cannot be digested by pets and are thus not recommended. However, because pea flakes are easily digestible and tasty, they make an appealing snack for pets. Pea flakes are also high in calories. Pea flakes are a sustainable aqua feed that can be consumed even by juvenile fish due to their high solubility in water and consistency.

Opportunity

Since pea flakes contain the amino acid lysine, they can also be consumed by animals, and the increasing use of the product as a thickening agent will create new opportunities for the pea flakes market during the forecast period.

Restraints

During the forecast period, the availability of low-cost substitutes, negative publicity, and side effects will impede the growth of the pea flakes market.

This pea flakes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Pea Flakes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Post COVID-19 Impact on Pea Flakes Market

The COVID-19 outbreak has placed significant strain on the functional food and nutraceutical industries. Doctors, nurses, other medical professionals, hygiene workers or sweepers, and others are among those working hard to halt the spread of the novel coronavirus. Government agencies have advised citizens to eat a healthy and nutritious diet in order to combat the disease. This is expected to drive up demand for pea flakes supplements, which promote good health and optimal body functioning by supplying essential nutrients. Pea flakes are an excellent alternative for human cell and tissue growth and repair. Pea flakes aid in weight loss while also providing the building blocks for healthy muscles and tissues.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • Danone announced that its Vega One pea flakes products will be commercially available in China in May 2020, with the Vega One Sport aimed at athletes. This product contains flakes derived from a variety of sources, including pumpkin seeds, alfalfa, sunflower seeds, and peas.
  • In May 2019, Burcon NutraScience Corporation announced a joint venture partnership with an investor group to build a new C$65 million commercial production facility for pea flakes and canola flakes in Western Canada. The plant will deliver Burcon's Peazac and Peazazz pea flakess, as well as Nutratein, Puratein, and Supertein canola flakess.
  • Roquette Brothers Le Romain announced in June 2018 that it would invest €40 million in its Vic-sur-Aisne facility to increase pea processing capacity and respond to a rapidly growing

Global Pea Flakes Market Scope

The pea flakes market is segmented on the basis of nature, type, application, end-use, packaging, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Yellow Peas
  • Green peas

End use

  • Food Processing
  • Animal Feed
  • Aqua Feed
  • Household/Retail

Packaging

Application

  • Food processing
  • Animal feed

Nature

  • Organic
  • Conventional

Distribution channel

  • B2B/Direct
  • B2C/Indirect
  • Supermarkets/Hypermarkets
  • Modern Grocery Stores
  • Specialty Stores
  • Pet Stores
  • Online Retailers

Pea Flakes Market Regional Analysis/Insights

The pea flakes market is analysed and market size insights and trends are provided by country, nature, type, end-use, application, packaging, and distribution channel as referenced above.

The countries covered in the pea flakes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the pea flakes market due to increasing demand for peas due to their health benefits such as maintaining high blood pressure, obesity, and other, easy availability of pea flakes at affordable prices.

Asia-Pacific is expected to grow during the forecast period of 2022 to 2029 due to rising disposable income and population in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Pea Flakes Market Share Analysis

The pea flakes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pea flakes market.

Some of the major players operating in the pea flakes market are:

  • Nutiva Inc (U.S.)
  • The Simply Good Food Co (U.S.)
  • Iovate Health Sciences International Inc. (Canada)
  • Danone SA (France)
  • Orgain Inc. (U.S.)
  • True Nutrition (U.S.)
  • Garden Valley Foods. (US)
  • SOTEXPRO (France)
  • JR FARM GmbH (Germany)
  • B P Milling Ltd (UK)
  • Dumoulin BV (Belgium)
  • Inland Empire Foods Inc (US)
  • Wheeky Pets, LLC. (US)


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Frequently Asked Questions

The Pea Flakes Market value is expected USD 3.78 billion by 2029.
The growth rate of the Pea Flakes Market is 10.50% in the forecast period of 2022-2029
On the basis of application, the Pea Flakes Market is segmented into Food Processing, Animal Feed.
The major players operating in the Pea Flakes Market are Nutiva Inc (U.S.), The Simply Good Food Co (U.S.), Iovate Health Sciences International Inc. (Canada), Danone SA (France), Orgain Inc. (U.S.), True Nutrition (U.S.), Garden Valley Foods. (US), SOTEXPRO (France), JR FARM GmbH (Germany), B P Milling Ltd (UK), Dumoulin BV (Belgium), Inland Empire Foods Inc (US) Wheeky Pets, LLC. (US).