Pea Flakes Market Size, Share, Trends, Growth and Forecast 2032

Pea Flakes Industry Prospective:

The global pea flakes market size was worth around USD 1.92 billion in 2023 and is predicted to grow to around USD 3.71 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.6% between 2024 and 2032.

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Pea Flakes Market: Overview

Processed foods largely composed of peas are pea flakes. Cooking, drying, and rolling green or yellow split peas into flat flakes helps them to be ready. They have a high protein content and are utilized in many different cuisines. They provide an easy way to include the nutrients, vitamins, and dietary fiber peas have into the diet.

Usually included in vegetarian and vegan diets, they provide a plant-based source of protein. They also find use in the formulation of feed for small animals like rabbits and guinea pigs. Their low glycemic index, among other health benefits, qualifies them for those with diabetes and heart disease.

The pea flakes market is driven by several factors, such as increasing demand for plant-based proteins, growing pet & livestock industry, increasing health & wellness trends, rising popularity of convenience food, and others.

Key Insights

• As per the analysis shared by our research analyst, the global pea flakes market is estimated to grow annually at a CAGR of around 7.6% over the forecast period (2024-2032).
• In terms of revenue, the global pea flakes market size was valued at around USD 1.92 billion in 2023 and is projected to reach USD 3.71 billion by 2032.
• The growing demand for plant-based diets is expected to drive the pea flakes market over the forecast period.
• Based on type, the yellow segment is expected to capture the largest market share over the forecast period.
• Based on application, the food processing segment is expected to dominate the market over the projected period.
• Based on distribution channel, the hypermarket/supermarket segment is expected to hold a major market share over the projected period.
• Based on region, North America is expected to dominate the market during the forecast period.

Pea Flakes Market: Growth Drivers

Rising health consciousness drives market growth

Demand for healthy, natural food items is growing as customers all around are realizing their health is important. Consumer food choices are being changed in favor of high-protein diets, weight control, and prevention of lifestyle diseases as interest in these areas increases.

Suitable for those with diabetes, pea flakes have a low glycemic index and assist the release of glucose into the bloodstream gradually, therefore improving blood sugar control. They are rich in protein, fiber, vitamins, and minerals.

Moreover, the protein concentration in pea flakes helps muscles grow and heal, which draws the interest of those who regularly exercise and are fitness enthusiasts. All these factors are likely to drive the expansion of the pea flakes market during the forecast period.

Pea Flakes Market: Restraints

The high cost of processing and production hinders market growth

Making pea flakes requires specific equipment for steam cooking, flattening, and drying the peas. This equipment sometimes requires a large capital outlay, particularly for high-quality manufacturers that maintain nutritional value.

Small to medium-sized businesses could find these expenses difficult, which would lower demand and maintain prices high using less competition.

Furthermore, adding to running expenses are the energy-intensive steaming and drying techniques required to produce pea flakes. Facility efficiency and area energy costs affect energy consumption, which influences general production costs and helps to explain higher-end consumer pricing. Therefore, the high cost of processing and production is expected to hinder the pea flakes industry.

Pea Flakes Market: Opportunities

The growing adoption of plant-based diets offers a lucrative opportunity for market growth

Many people are switching to vegetarian, vegan, and flexitarian diets as a result of growing knowledge of animal welfare and the effects of meat production on the environment.

Pea flakes have become a popular option in the enormous market for plant-based protein sources brought about by this change. They provide a significant amount of plant-based protein, allowing these diets to achieve their nutritional needs without depending on animal products. The market reach is further expanded by appealing to customers with dietary constraints like gluten sensitivity.

Pea flakes are also taking advantage of the growing popularity of plant-based diets by providing a different protein source that fits with dietary and ethical preferences. Thus, the growing adoption of plant-based diets offers a lucrative opportunity for the pea flakes market growth.

Pea Flakes Market: Challenges

Competition from alternatives poses a major challenge to market expansion

Other plant-based protein sources, including soy, lentils, chickpeas, and quinoa, compete with pea flakes because they might have better-established supply chains or greater market familiarity.

Pea flakes' market expansion may be constrained by this rivalry, especially in markets where similar substitutes are already widely available. Thus, the availability of these substitutes might pose a major challenge for the pea flakes industry.

Pea Flakes Market: Segmentation

The global pea flakes industry is segmented based on type, application, distribution channel, and region.

Based on the type, the global pea flakes market is segmented into yellow and green. The yellow segment is expected to capture the largest market share over the forecast period.

Protein and other vital nutrients are abundant in yellow pea flakes. There are 144 calories, less than 1 gram of fat, 10 grams of protein, 2 milligrams of salt, 26 grams of cholesterol, 10 grams of protein, and no cholesterol in 100 grams of yellow pea flakes. Compared to green peas, yellow peas have historically been used as a staple food, which is why yellow pea flakes are so popular.

Based on application, the global pea flakes industry is bifurcated into food processing, animal feed, aqua feed, and household/retail. The food processing segment is expected to dominate the market over the projected period. Pea flakes have become more well-liked as a source of fiber and protein as consumers place a higher priority on plant-based diets.

Pea flakes are being added by food processors to a variety of plant-based foods, including salads, soups, protein bars, and snacks, which increases demand in this market.

Additionally, food producers are using pea flakes' lightweight and shelf-stable qualities to create convenience foods like ready-to-eat meals and fast soups. The addition of nutrient-dense pea flakes satisfies consumer desires for quick yet wholesome meal options, and these products accommodate hectic lives.

Based on distribution channel, the global pea flakes market is bifurcated into hypermarkets/supermarkets, convenience stores, and online. The hypermarket/supermarket segment is expected to hold a major market share over the projected period.

Supermarkets and hypermarkets are increasing the variety of plant-based and health-conscious products, such as pea flakes, as more customers switch to plant-based diets. Customers seeking high-protein, high-fiber, and vegan-friendly food options are drawn to pea flakes, which support current health trends and increase demand in retail environments.

Pea Flakes Market: Report Scope

Pea Flakes Market: Regional Analysis

North America dominates the market over the projected period

North America is expected to dominate the global pea flakes market during the forecast period. Ethical, environmental, and health issues are driving North American consumers toward plant-based diets increasingly.

Since they are high in fiber and protein, pea flakes fulfill these dietary requirements for these consumers. Their use in a range of plant-based products, including protein bars and snacks, increases demand in the area.

Moreover, pea flakes are often utilized as a feed ingredient for small animals like guinea pigs and rabbits as well as for pets because of their high fiber content and ease of digestion.

The North American cattle feed business's increasing usage of plant-based feed components to meet the rising demand for sustainable and healthy animal feed is driving further development in this market.

Pea Flakes Market: Competitive Analysis

The global pea flakes market is dominated by players like:

• Emsland Group
• Archer Daniels Midland Company
• AGT Food and Ingredients Inc.
• Roquette Frères
• The Scoular Company
• Vestkorn Milling AS
• Cosucra Groupe Warcoing SA
• Parrish and Heimbecker Limited
• AGT Foods Australia Pty Ltd.
• Sotexpro
• Nutri-Pea Limited
• Batory Foods
• Dakota Dry Bean Inc.
• SunOpta Inc.
• Euroduna Food Ingredients GmbH

The global pea flakes market is segmented as follows:

By Type

• Yellow
• Green

By Application

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

By Distribution Channel

• Hypermarket/Supermarket
• Convenience Stores
• Online

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa