Pea Processed Ingredients market witnessed for USD 2,700 million in 2020, growing at a robust CAGR of 10.1% during forecast period.

Introduction of the Pea Processed Ingredients Market Report
Pea Processed Ingredients are extracted by processing various types of peas such as split yellow peas, green peas, chickpeas, and lentils. This is how pea protein, pea fiber, pea flour, and pea starch are separated. It is obtained by implementing two phases of the process, dry and wet, respectively. These peas processed ingredients are used in various foods like energy bars, veggie burgers, and cereals.

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Market Dynamic
Key Drivers and Emerging Trends

The adoption of high-tech machines to extract peas for the final product has established an opportunity for the producers to expand their product portfolio because of the growing demand for gluten-free products. Moreover, Pea Processed Ingredients have a tremendous demand due to it being a high-quality protein and offers a great source of iron, which can aid muscle growth, weight loss, and heart health. It can be used to increase protein content in smoothies and shakes. For instance, in 2019, Puris food unveiled new pea starch for sports nutrition through gummies.

Additionally, increasing health consciousness among consumers related to protein and iron is the primary factor helping manufacturers to attract consumers towards healthy lifestyles. With R&D and technological advancements in extraction, pea processed ingredients can be used to substitute flour, fiber, starch in the bakery industry.

Restraint in the Pea Processed Ingredients Market
However, Pea Processed Ingredients are expensive as they go under high extraction and processing. Compared to pea, soy protein has greater consumer awareness as pea is a newer product and due to the availability of low-cost products such as soy.

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Type – Segment Analysis
Based on Type, the Pea Protein segment is expected to witness higher growth in the coming years. Pea protein is an extract from yellow peas. Pea protein is high-quality and easily digestible protein source. It is good option for the vegans to maintain the quantity of protein in their body. Pea protein can be used as a health beneficiary product as it mixes well with any diet a consumer is following. It helps to reduce blood pressure as it is high in arginine, an amino acid that keeps blood vessels healthy. For instance, Roquette Frères Le Romarin, a French company offers pea protein enrichment for bakery, snacks, and protein bars.

Application – Segment Analysis
Based on Application, the food segment is expected to witness higher sales in the coming years. Pea processed ingredient has an extensive application in the food industry. It is used in infant nutrition, nutritional supplements, plant-based butter, as pea processed ingredients add shelf life to the functional food product. The usage of pea processed ingredients as a breakfast option is fortified with healthy pea fibers. Additionally, pea ingredients support the food industry by their cost-effectiveness and nutritional benefits.

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Regional – Segment Analysis
Based on region, the North America region is expected to grow as the largest market for Pea Processed Ingredients globally during the forecast period. The factor significantly growing the demand is the sizeable raw-material production potential which can minimize the concerns oversupply. According to United States Department of Agriculture the pea production in US in 2021 is 12.2 million hundredweight, propelling the market growth in this region. For instance, according to Agricultural and Agri-food Canada, Canada exports 3.7 million tonnes of pea to China and Bangladesh.

Top Market Players
Several leading companies in the market include Puris Food, Roquette Frères Le Romarin, AGT Food and Ingredients, Kerry Group, Ingredion Incorporated, Farbest Brands, Now Foods, Burcon NutraScience Corporation, Glanbia Plc., Sotexpro, and among others.

Key Developments:

• • In 2020, the Emsland Group partnered with Brenntag Food & Nutrition in Russia. Brenntag took over the distribution channel of Emsland products such as protein, starch, and fibers made from peas and potatoes to provide Russian customers with top-quality ingredients from world-class producers.
  • In 2019, Roquette developed Pea starch LN 30 from the yellow pea. It offers a good source of energy to fuel the active lifestyle and manage blood glucose levels.

Segments covered in the Report:
The Pea Processed Ingredients Market has been segmented based on Type, Application, and Region. Based on type, the market is segmented into Pea protein, Pea starch, Pea fiber, Pea flour. Based on application, market is segmented into Food & Beverages.

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Key questions answered in this research report:

• • At what pace is global Pea Processed Ingredients market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Pea Processed Ingredients Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Pea Processed Ingredients market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What is the various applications area of Pea Processed Ingredients Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Pea Processed Ingredients Market by Type

• • Pea protein
  • Pea starch
  • Pea fiber
  • Pea flour

Global Pea Processed Ingredients Market by Application

• • Food
  • Beverages

Global Pea Processed Ingredients Market by Region

• • North America Pea Processed Ingredients Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Pea Processed Ingredients Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Pea Processed Ingredients Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Pea Processed Ingredients Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Pea Processed Ingredients market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Puris Food
  • Roquette Frères Le Romarin
  • AGT Food and Ingredients
  • Kerry Group
  • Ingredion Incorporated
  • Farbest Brands
  • Now Foods
  • Burcon NutraScience Corporation
  • Glanbia Plc.
  • Sotexpro