Dried Peas Market Size, Share and Industry Analysis, By Type (Green Peas and Yellow Peas), By Application (Food & Beverage, Pharmaceutical & Neutraceutical, Animal Feed, and Cosmetics & Personal Care), and Regional Forecast, 2024-2032

The dried peas market stands as a dynamic sector in the broader food industry, experiencing a combination of drivers and restraints that shape its trajectory. One of the number one drivers propelling the boom of the global dried peas market is the increasing customer recognition concerning the fitness benefits associated with plant-based protein sources. Dried peas, being rich in protein, fiber, and vital vitamins, have witnessed growing demand, particularly among health-aware customers.

Additionally, the growing occurrence of vegetarianism and veganism has similarly boosted the demand for plant-based protein options, including dried peas. Moreover, the versatility of dried peas in diverse culinary packages, including soups, snacks, and side dishes, has increased their market reach. The lengthy shelf existence additionally contributes to their recognition among customers and shops alike.

Despite the promising boom potentialities, the global dried peas marketplace faces several challenging situations. Fluctuations in climate styles and destructive climatic situations can considerably affect pea crops, leading to supply shortages and rate volatility. Furthermore, competition from other plant-based protein assets and meat substitutes poses a hazard to the market growth of dried peas.

The COVID-19 pandemic notably impacted the global dried peas market, first of all witnessing improved demand due to panic buying and stockpiling. However, disruptions in the delivery chain, labor shortages, and logistical demanding situations impeded manufacturing and distribution, leading to transient fluctuations in availability and pricing. Additionally, shifts in patron spending patterns and economic uncertainties stimulated shopping conduct, albeit with various effects throughout regions. Overall, the pandemic underscored the marketplace's resilience amidst unprecedented demanding situations.

The global dried peas market gives numerous possibilities for expansion. With the increasing adoption of plant-based diets and the rising demand for sustainable food products, there is sufficient scope for marketplace penetration and product diversification. Moreover, the growing reputation of ethnic cuisines incorporating dried peas, inclusive of Indian and Middle Eastern dishes, offers untapped marketplace opportunities.

Key Insights

The report covers the following key insights:

• Overview of the parent/related Market


• Supply Chain Analysis


• Regulatory Analysis


• Drivers, Restraints and Opportunities


• Impact of COVID-19 on the Global Dried Peas Market


• Key Developments

Segmentation

Analysis by Type

The global dried peas market encompasses green peas and yellow peas, each with distinct characteristics and applications. Green peas, renowned for their colorful shade and barely candy taste, are desired in salads, soups, and snacks, attractive to health-conscious consumers seeking nutritious alternatives.

In contrast, yellow peas, with their milder taste and company texture, are usual in traditional dishes and processed ingredients, supplying versatility in culinary creations. Understanding consumer options for these sorts permits manufacturers to tailor merchandise, consequently fostering innovation and a market boom within the global dried peas industry.

Analysis by Application

The dried peas market is segmented by application into food & beverage, pharmaceutical & nutraceutical, cosmetics & personal care, and animal feed. In the food & beverage industry, dried peas function as essential ingredients in soups, snacks, and protein-enriched food products, capitalizing on their nutritional price and culinary adaptability.

Furthermore, they find sizeable utilization within the pharmaceutical & nutraceutical sectors due to their fitness-selling homes, catering to the developing demand for herbal dietary supplements. Additionally, dried peas play a tremendous role in animal feed formulations, imparting protein-rich fodder for farm animals. Moreover, their inclusion in cosmetics & personal care products highlights their capability as sustainable and green elements, fostering innovation and marketplace growth in this segment.

Regional Analysis

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The global dried peas market is geographically segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America and Europe lead in terms of consumption, driven by the growing trend toward plant-based diets and health-aware existence.

Asia Pacific showcases great potential fueled by growing disposable earnings and a focus on plant-based protein. Conventional culinary practices and nutritional habits support the South American market. In the Middle East and Africa, the market is prompted by populace boom and urbanization, with a developing hobby in nutritious meal options. Understanding regional nuances permits stakeholders to capitalize on emerging possibilities and navigate marketplace challenges efficiently.

Key Players Covered

The global dried peas market presents a competitive landscape characterized by a diverse array of players vying for market share. Key manufacturers, such as AGT Food and Ingredients Inc., Archer Daniels Midland Company, and Roquette Frères, dominate the market with their extensive product portfolios and global distribution networks. Additionally, emerging players, such as Vestkorn Milling AS and Parabel USA Inc., are gaining traction through innovation and strategic partnerships. The competitive environment is further intensified by the emphasis on sustainability and product differentiation, driving continuous investment in research and development to meet evolving consumer preferences and maintain competitive advantage in the dynamic market. Some of the top manufacturers of dried peas include AGT Food and Ingredients Inc., Archer Daniels Midland Company, The Scoular Company, Vestkorn Milling AS, Dakota Dry Bean, Inc., Eurofins Scientific, SunOpta, Inc., Roquette Frères, Batory Foods, and Parabel USA Inc.

Key Industry Developments

• In October 2022, Roquette, one of the leading plant-based food manufacturers, announced the launch of all new organic pea ingredients: organic pea starch and organic pea protein. The new launch is to cater to the rapidly increasing demand for pea ingredients.


• In February 2020, Brothers International Food Holdings, LLC., one of the prominent players in the global market, introduced Savory Crunchy freeze-dried sugar snap peas with salt and pepper under the Brothers All Natural and Harvester Farms brands. The product combines the natural sweetness of sugar snap peas with savory seasoning, providing a wholesome and satisfying snacking experience. This innovation reflects the company's commitment to delivering nutritious and delicious snacks to consumers.