Global Pea Flakes Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Pea Flakes Market” is the title of an upcoming market research report by MarketResearch.biz. A wide range of factors have been gathered for study, analysis and assessment in order to provide accurate data. Important data and information have been presented after an in-depth study, and it includes a well-planned format to offer comprehensive details of the report. Revenue for each of the segments, regions, and key countries are included in the report. In addition, market growth driving factors, restraints, limitations, and future opportunities, especially in the untapped regions and economies, are also included in the final report. Detailed information about key players is provided in company profiles section, which also includes company revenue, market footprint, recent developments, strategies such as acquisitions and mergers, collaborations, etc. The global pea flakes market is segmented on basis of type, application, distribution channel, and regions and countries.
Global Pea Flakes Market: Overview
Pea flakes are healthy snacks or supplementary foods and are excellent source of proteins, vitamin, high dietary fiber and other nutrients. These flakes are starch-like products and are usually mixed with regular meals. Pea flakes are also very healthy pet feed, owing to the several health benefits offered. Also, it is easy for pets to chew pea flakes due to its texture that is obtained through a process of flattening and battering of peas. Pea flakes are available in two types including yellow pea flakes and green pea flakes.
Global Pea Flakes Market: Dynamics
Rising awareness regarding nutritional value and benefits of consuming pea flakes are among major factors expected to drive growth of the global pea flakes market. Pea flakes are mostly incorporated in the daily meals of health-conscious individuals. Apart from health benefits, pea flakes have also proved to be essential for animals due to presence of amino acid lysine in flakes and are easily digestible.
Pea flakes are high in protein, which is one of the important nutrition required by the body. This factor, clubbed with increasing demand for high-protein supplementary foods by individuals such as gymnasts, sportspersons, and other individuals who are engaged in other workouts are other major factors expected to drive market growth. In addition, consumption of pea flakes is higher in countries such as India, China, and Japan, which is expected to continue to support market growth in the coming years.
These products are blended as value additions with breadcrumbs and soups, and as toppings on salads. Pea flakes are also mixed with water and consumed as drinks. Additionally, due to easy solubility of flakes in water, it is an ideal feed for aquatic animals such as fish.
Global Pea Flakes Market: Segmentation Analysis
By Product Type: The yellow pea flakes segment is expected to account for majority revenue share, among the product type segments. This dominance is driven by factors such as rising consumption among fitness enthusiasts owing to its high-protein nutrients and low cholesterol levels. Yellow pea flakes are gaining popularity worldwide as compared to the green pea flakes.
By Application: The food processing segment is projected to record majority revenue share as compared to other application segments. Pea flakes are used in a wide range of products such as sandwiches, soups, and salads as these products are high in vitamins and fiber. In addition, pea flakes help to increase the metabolism of the body by converting food substances into energy.
By Distribution Channel: The hypermarket/ supermarket segment is expected to account for highest revenue share, among the distribution channel segments. This is attributable to factors such as offering convenience to customers in terms of giving them accessibility of the products for physical verification before making the purchase.
Global Pea Flakes Market: Regional Analysis
The North America market is expected to account for highest revenue share in the global pea flakes market. Demand and consumption of pea flakes is increasing, especially in the US, owing to rising health issues among individuals in the country, with obesity being one of the major issues. In addition, availability of these products at lower costs and increasing expenditure on superfoods or healthy food products by consumers are other factors expected to drive market growth in the region.
Europe market is expected to account for second-highest revenue share over the next 10 years. Markets in Germany, Spain, France, and the UK are expected to contribute highest revenue in the Europe market. Increasing application of these products as an ingredient in a variety of food products, and animal feed is expected to drive the market in this region.
Asia Pacific market is projected to register comparatively higher growth rate over the 10-year forecast period owing to high consumption of pea and related products in countries in the region, growing population and an increasing per-capita income, especially in countries such as China and India.
Global Pea Flakes Market Segmentation:
- Food Processing
- Animal Feed
- Aqua Feed
By Distribution Channel:
- Convenience Stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Garden Valley Food
- Gemef Industries (Sotexpro)
- PE Levona
- JR Farm
- BP Milling
- Dumoulin S.A.
- Green Foods LLP
- Inland Empire Foods Inc.
- Wheeky Pets, LLC
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