The Worldwide Pea Processed Ingredients Industry is Expected to Reach $5 Billion by 2026

Dublin, IRELAND


Dublin, Aug. 16, 2021 (GLOBE NEWSWIRE) -- The "Global Pea Processed Ingredients Market by Type (Pea protein (Isolates, Concentrates and Textured), Pea starch, Pea fiber, Pea Flour), Application (Food & Beverages), Source (Yellow split peas, chickpeas and lentils), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global pea processed ingredients market is expected to value at USD 3.1 billion in 2021 and is projected to reach nearly USD 5.0 billion by 2026, growing at a CAGR of 10.1% during the forecast period (2021-2026).

Growing vegan population and popularity of plant based ingredients is resulting to the increase in the demand for pea processed ingredients. Further, advancements in the extraction and processing technologies is also triggering the market growth for pea processed ingredients. In addition to this, increase in the demand for gluten free products is also resulting to the rise in the demand for pea processed ingredients.

Protein segment is estimated to account for the largest share in 2021 for pea processed ingredients market

By different type, pea processed ingredients market has been segmented into pea protein, pea starch, pea flour and pea fiber. Pea protein is highest in the pea processed ingredients business owing to the increasing demand for plant based ingredients. In addition to this, rising awareness towards the benefits offered by pea protein is boosting this segment over the years. Pea protein is neutral in taste and has an array of applications in the food, beverage, pet food and feed industries. Several countries are now focusing on increasing pea processing to enhance the pea protein production

The food application will hold the largest share in the pea processed ingredients market

Pea processed ingredients finds numerous applications in the food industry supported by its cost-effectiveness and nutritional benefits. It is used in several food applications that includes meat & meat substitutes, functional foods, performance nutrition, snacks, bakery products, confectionery among others. It is largely used for rendering food products with the required texture, consistency, and stability. Pea processed ingredients is a clean label substitute and is a popular choice among the customers.

North America is expected to hold a significant share in the pea processed ingredients market globally

The pea processed ingredients market in the North America region is the largest. It is estimated to grow at a significant growth rate due to the rise in demand from large economies, US, Canada and Mexico. Industrial food manufacturers are focused on developing different product formats sourced from peas. Pea processed ingredients is among the most versatile ingredients and can be formulated into food, beverage and others that includes pet food, feed and industrial. However, given the high prices of pea processed ingredients, their demands have remained popular in developed markets. Growing vegan population North America is also a major factor triggering the market growth during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Overview of the Pea Processed Ingredients Market
4.2 Global: Pea Processed Ingredient Market, by Type & Country
4.3 Global: Pea Processed Ingredient Market, by Food Application
4.4 Global: Pea Processed Ingredient Market, by Source & Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Vegan Population and Popularity of Plant-Based Products
5.2.1.2 Advancements in Extraction and Processing Technologies
5.2.1.3 Growing Consumer Awareness About Nutritional Benefits Offered by Pea and Pea-Based Products
5.2.1.4 Increase in Demand for Gluten-Free Food Products
5.2.2 Restraints
5.2.2.1 High Cost of Extraction and Processing of Pea Processed Ingredients
5.2.2.2 Low Processing Outputs Resulting in Limited Supply to Manufacturers
5.2.2.3 Decrease in the Production of Dry Pea
5.2.3 Opportunities
5.2.3.1 Development and Deployment of New Application Areas in Pea Processed Ingredients
5.2.3.2 Lack of Allergen Properties Helping Acceptability Against Conventional Plant-Based Proteins
5.2.3.3 Advancements in Texture Properties Supporting Adoption in Baking Ingredients
5.2.3.4 Rise in Demand from the Pet Food Industry
5.2.4 Challenges
5.2.4.1 Supply Constraints Hampering Growth Prospects
5.2.4.2 Trade Barriers due to COVID-19 Outbreak
5.2.5 COVID-19 Impact Analysis: (Market Dynamics)

6 Industry Trends
6.1 Supply Chain Analysis
6.1.1 Smooth Procurement of Raw Materials
6.1.2 Apt Distribution Channel to Reduce Demand-Supply Gap
6.2 Patent Analysis
6.3 Regulatory Framework
6.4 Food & Beverage Ingredients Ecosystem/Market Map
6.5 Yc Ycc Shift
6.6 Porter's Five Forces Analysis
6.6.1 Threat of New Entrants
6.6.2 Threat of Substitutes
6.6.3 Bargaining Power of Suppliers
6.6.4 Bargaining Power of Buyers
6.6.5 Degree of Competition
6.7 Trade Data Analysis
6.8 Pricing Analysis
6.8.1 Introduction
6.8.2 Pea Starch Pricing Analysis, by Type (Usd/Tons)
6.9 Pricing Factors Impacting the Pea Processed Ingredient Market
6.9.1 Raw Material Varieties and Climate Conditions
6.9.2 Favourable Climatic Conditions to Produce Base Material
6.9.3 Demand and Supply Factors
6.9.4 Manufacturing Cost
6.9.5 Logistic Cost
6.9.6 Regulatory Reforms
6.9.7 Nature of Competition in the Market
6.9.8 Economic Condition
6.9.9 Product Life Cycle
6.10 Case Study Analysis: The Pea Processed Ingredients Market
6.11 Customer Analysis

7 Pea Processed Ingredients Market, by Type
7.1 Introduction
7.2 COVID-19 Impact Analysis-Type
7.3 Protein
7.3.1 Shifting Consumer Preferences Toward Plant-Based Foods to Drive the Demand for Pea Proteins
7.3.2 Isolates
7.3.3 Concentrates
7.3.4 Textured
7.4 Flour
7.4.1 Increasing Usage in Bakery and Snacks End-Use Industries to Drive the Market Growth
7.5 Starch
7.5.1 Increasing Awareness Regarding Gluten-Free Foods to Propel the Demand for Quality Pea Starches
7.6 Fibers
7.6.1 Health Benefits of Pea Fibers to Increase Their Use in Various Food and Feed Applications

8 Pea Processed Ingredients Market, by Application
8.1 Introduction
8.2 COVID-19 Impact Analysis-Application
8.3 Food
8.3.1 Meat and Meat Substitutes
8.3.1.1 Globally Rising Vegan Populations to Drive the Demand for Plant-Based Meat Substitutes
8.3.2 Performance Nutrition
8.3.2.1 Increasing Cases of Lactose Intolerance and Growing Adoption in Supplements to Drive the Adoption of Pea Protein in Performance Nutrition
8.3.2.2 Protein Powders
8.3.2.3 Sports/Protein Drinks
8.3.2.4 Protein Bars/Meal Replacement Bars
8.3.3 Functional Foods
8.3.3.1 Growing Awareness Toward the Functional Benefits of Pea Ingredients to Support the Growth in Functional Foods
8.3.4 Snacks
8.3.4.1 Demand for Healthy Snacking Alternatives to Drive the Demand for Pea Ingredients in Snacks
8.3.5 Bakery Products
8.3.5.1 Demand for Healthy Alternatives to Drive the Use of Pea Protein in Baking Applications
8.3.6 Confectionery
8.3.6.1 Consumer Demand for Healthier Confectionery Products to Lead to the Introduction of Newer Pea Ingredients
8.3.7 Other Food Applications
8.4 Beverages
8.4.1 Easy Solubility and Adoption in Plant-Based Beverages to Support Pea Ingredients Growth
8.5 Other Applications
8.5.1 Benefits of Pea Ingredients on Animal Health and Wellbeing to Drive the Demand

9 Pea Processed Ingredients Market, by Source
9.1 Introduction
9.2 COVID-19 Impact Analysis-Source Type
9.3 Yellow Split Peas
9.3.1 High Production Rates and Protein Content Favor Demand for Yellow Split Peas
9.4 Chickpeas
9.4.1 Improvements in Technological Capabilities and Innovation to Drive Growth for Chickpeas in Pea Protein
9.5 Lentils
9.5.1 Easy Availability and Lower Costs to Drive Global Demand for Lentils

10 Pea Processed Ingredients Market, by Function
10.1 Introduction
10.2 Binding & Thickening
10.2.1 Major Use of Pea Starch & Flours as a Binding & Thickening Agent for Manufacturing Snacks
10.3 Gelling
10.3.1 Use of Pea Proteins and Starches as a Gelling Agent in Confectionery Products
10.4 Texturizing
10.4.1 Pea Ingredients Used in Enhancing the Texture of Meat Products
10.5 Film Forming
10.5.1 Pea Ingredients Used as Film-Forming Agents in the Manufacturing of Tablets
10.6 Other Functions

11 Pea Processed Ingredients Market, by Region

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis
12.3 Key Player Strategies
12.4 Historical Revenue Analysis of Key Players
12.5 COVID-19-Specific Company Response
12.5.1 Ingredion Incorporated
12.5.2 Roquette Freres
12.5.3 Emsland Group
12.5.4 Dupont
12.5.5 Kerry
12.6 Company Evaluation Quadrant (Key Players)
12.6.1 Stars
12.6.2 Emerging Leaders
12.6.3 Pervasive Players
12.6.4 Participants
12.7 Product Footprint
12.8 Competitive Evaluation Quadrant (Other Players)
12.8.1 Progressive Companies
12.8.2 Starting Blocks
12.8.3 Responsive Companies
12.8.4 Dynamic Companies
12.9 Competitive Scenario
12.9.1 New Product Launches
12.9.2 Deals
12.9.3 Others

13 Company Profiles
13.1 Key Players
13.1.1 Emsland Group
13.1.2 Dupont
13.1.3 Roquette Freres
13.1.4 Kerry
13.1.5 Vestkorn Milling As
13.1.6 Ingredion Incorporated
13.1.7 Cosucra Groupe Warcoing Sa
13.1.8 Axiom Foods Inc.
13.1.9 Felleskjopet Rogaland Agder
13.1.10 Agt Food and Ingredients
13.1.11 Parrheim Foods
13.1.12 Puris Foods
13.2 Other Players
13.2.1 Meelunie B.V.
13.2.2 Batory Foods
13.2.3 Shandong Jianyuan Group
13.2.4 Yantai Shuangta Food Co., Ltd.
13.2.5 A&B Ingredients Inc.
13.2.6 Yantai Oriental Protein Tech Co., Ltd.
13.2.7 American Key Food Products
13.2.8 The Scoular Company
13.2.9 Burcon Nutrascience Corp
13.2.10 Agridient B.V.
13.2.11 Long List of Companies

14 Adjacent and Related Markets

15 Appendix

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