Pea Processed Ingredients Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Pea Processed Ingredients Market is Segmented By Type (Pea Protein, Isolates, Concentrates, Textured, Pea Starch, Pea Fiber, Pea Flour), By Application (Food, Beverages, Others), By Source (Yellow split peas, Chickpeas, Lentils, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Pea Processed Ingredients Market Overview

The Global Pea Processed Ingredients Market is expected to grow at a high CAGR during the forecast period (2024-2031). 

Peas can be utilized as an ingredient as pea fiber, pea flour, pea protein, and pea starch, by the extraction of several varieties of peas including dry peas, green peas, yellow split peas, and lentils among others. Pea is a leguminous crop as, like other legume crops, pea seeds comprise high volumes of protein (20–30%). Proteins in the pea primarily exist as globulins (65–80%), that is also the key elements in pea protein isolate (PPI) products. It is utilized in various food applications that involve functional foods, bakery products, performance nutrition, meat & meat substitutes, confectionery, snacks, among others. It is mostly utilized for rendering food products with the essential consistency, stability, and texture.

Pea Processed Ingredients Market Summary

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Pea Processed Ingredients Market Dynamics

Increasing consumption of vegan products and the growing vegan population is expected to drive the market growth

The increasing consumption of vegan products and the growing vegan population are some of the key driving factors for the growth of the global pea processed ingredients market. Moreover, the adoption of advanced and highly innovative machines for the extraction of peas for the finished product is another key factor driving the market of pea processed ingredients. Traditional pea processing technologies could only extract protein flour with a maximum of 20% to 40% protein and concentrates with a maximum of 45 percent to 60% protein. Furthermore, traditional processing techniques made pea-processed ingredients less digestible and with poor sensory properties. As a result of the limitations of traditional techniques, newer and more modern techniques of pea protein, starch, flour, and fibre extraction and processing have emerged. Wet milling and centrifugation are two modern techniques that aid in the processing of peas with excellent digestibility and improved taste. Established companies have the opportunity to spread out their product portfolio due to the increasing demand for gluten-free products. 

Pea Processed Ingredients Market Segmentation Analysis

Yellow split peas segment, holding about XX% of the global market

By source, yellow split peas were the largest segment in 2020. Yellow split peas are high in protein and are a common ingredient choice among ingredient manufacturers. Yellow split peas are used in a range of foods, including plant-based burgers and pea milk, both of which employ pea processing ingredients such pea protein starch obtained from yellow split peas. They're also abundant in fibre and bland. They're well-known for their non-allergenic qualities, which make them easy to use into a variety of products. Pea protein segment dominated the market in 2020 and is expected to remain same in the forecast period. Pea protein has a high protein content, making it a popular choice among vegans and those who prefer plant-based ingredients in their food and beverage products. Pea protein is low in methionine and contains all of the essential amino acids required in food.

Pea Processed Ingredients Market Geographical Share

North America is the largest market for pea processed ingredients with a share of nearly XX% in global sales value in 2020

By geography, North America accounted for the largest share in 2020 and is anticipated to be the dominating regional market within the projected year owing to the increase in demand from big countries, such as Mexico, US, and Canada. Industrial food companies are concentrating on developing distinct product formats sourced from peas. The pea processed ingredients are one of the most versatile products and can be formulated into a beverage, food, and others which involves pet food, animal feed, and industrial. Moreover, the increasing vegan population in the region is also a key factor generating the market growth over the projected years. The Asia Pacific is expected to exhibit the fastest growth rate for the pea processed ingredients market over the forecast period, owing to the dense population coupled with rising food demand and rising urbanization. 

Pea Processed Ingredients Market Companies and Competitive Landscape

The global pea processed ingredients market is highly competitive with the presence of many companies. Some of the major players of the market include ADM, Emsland Group, Roquette Frères, Ingredion Incorporated, and Kerry Group plc, among others. They have strengthened the market through their product offerings. Continuous innovation to introduce new products is the key competitive factor in the market. For instance, in June 2019, Puris Foods announced the introduction of a new pea starch ingredient that is utilized in sports nutrition through vegan gummies. In December 2019, Roquette developed Roquette pea starch LN 30, a product suited for active nutrition applications that comes in powder shake and snack bar formats.

COVID-19 Impact on Pea Processed Ingredients Market 

In the pea processed ingredients industry space, COVID-19 provided an unexpected boost, resulting in accelerated demand for products with pea protein. A shortage of meat and processed meat products in many regions, growing uncertainty about meat intake during the pandemic, and a growing trend toward a healthy lifestyle all contributed to the rising demand for pea processed ingredients. It was challenging for producers to supply their products to F&B companies and get peas for further processing during the start of the COVID-19 pandemic in the first half of 2020The pea protein supply chain was entirely disrupted. Consumers only bought necessities like groceries, medications, and fruits and vegetables. However, companies have gradually begun to operate in order to meet the need for pea processed ingredients. Despite the increased cases of COVID-19 in the United States, the pea industry in the United States remained nearly at full capacity. The food and agriculture industries were recognized as important infrastructure by the US Department of Homeland Security (DHS), and the US Department of Agriculture (USDA) continued to work to assure access, resources, and safety.

Why Purchase the Report?

• Understand the current market scenario and viability of global pea processed ingredients over the forecast period 

• Visualize the composition of the global pea processed ingredients market in terms of type, application and source to identify major players, growth potential, and market strategies

• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market

What we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

• Excel data sheet with valuable data points of the global pea processed ingredients market Regional and Country level segmentation

• Product mapping in excel for the key products of all major market players

• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience

• Pea Processing Companies

• Food & Beverages Companies

• Plant Protein Producers

• Industry Investors/Investment Bankers

• Education & Research Institutes

• Research Professional