Pea Processed Ingredients Market

Pea Processed Ingredients Market: Overview

The pea processed ingredients market is anticipated to witness steady CAGR during the forecast period of 2021-2031. The growing popularity of gluten-free products will also present an array of growth opportunities for the pea processed ingredients market.

The veganism trend is on the rise. A large number of individuals are inclining toward veganism due to the growing awareness about animal cruelty and the harmful effects of meat consumption on the human body. According to the data from ‘The Vegan Society’, as of 2018, there were nearly 600,000 vegans in the U.K, a 300% increase from 2014. These statistics highlight the growing influence of veganism.

The government bodies of various countries are also launching a string of initiatives to encourage its citizens to adopt a vegetarian lifestyle. The Chinese government had launched a new dietary guideline that pushes its citizens to reduce their meat consumption by nearly 50%. These initiatives propel the growth of the pea processed ingredients market.

On the basis of type, the pea processed ingredients market can be segmented into starch, protein, flour, and fiber. Pea processed ingredients are derived from chickpeas, yellow split peas, and lentils. The overwhelming utilization of pea processed ingredients in meat and meat substitutes, bakery, performance nutrition, snacks, confectionary, beverages, and others will assure considerable growth for the global market.

Transparency Market Research (TMR) has obtained considerable information on the overall growth trajectory of the pea processed ingredients market. The upcoming report on the pea processed ingredients market gives a detailed insight about diverse growth aspects. Furthermore, the COVID-19 impact is also included in the report.

TMR W.I.N Approach

The W.I.N (Wholesome Competitive Insights. Important Trends. Noteworthy Regions.) Approach makes TMR one of the best research companies in the industry. This approach assures on-point information to the stakeholders and the CXOs.

Pea Processed Ingredients Market: Wholesome Competitive Insights

The pea processed ingredients market has numerous players involved in fierce competition. The players compete for attracting a good consumer base. The players invest in research and development activities to derive new formulations and mechanisms to inculcate these ingredients in various food products. Thus, these activities eventually help in increasing the growth rate of the pea processed ingredients market. Strategic collaborations also form an important part of the pea processed ingredients market growth trajectory.

Some well-entrenched players in the pea processed ingredients market are Groupe Warcoing SA, Emsland Group, AGT Food and Ingredients, Meelunie B.V, Axiom Foods, Inc., and Felleskjøpet Rogaland Agder.

Pea Processed Ingredients Market: Important Trends

Rising Popularity of Pea-Based Proteins to Increase Growth Prospects

Pea protein is prominently used for increasing the protein content of shakes and smoothies. This form of protein is hypoallergenic and vegan, Hence, it attracts considerable demand. It is a good source of iron and promotes weight loss, muscle growth, and heart health. Thus, all these factors prove to be beneficial for the growth of the pea processed ingredients market.

Growing Demand for Clean Food Labels Adding Value to Growth Structure of Pea Processed Ingredients Market

The expanding demand for clean label foods is boosting the popularity of pea processed ingredients. These ingredients are used in clean food labels for enhancing the texture, stability, and consistency of the particular product. It is also used in numerous meat and meat substitutes. Therefore, all these factors bring exponential growth for the pea processed ingredients market.

Pea Processed Ingredients Market: Noteworthy Regions

North America’s pea processed ingredients market is prognosticated to adopt a dominating stance during the forecast period. The rising inclination of many individuals toward veganism and the focus of various players in the food and beverage industry on developing diverse product formats using pea will bring considerable growth for the pea processed ingredients market in North America.