Pea Processed Ingredients Market by Type, Source, Application

Description

List of Tables

The Pea Processed Ingredients Market was valued at USD 340.52 million in 2023, expected to reach USD 368.64 million in 2024, and is projected to grow at a CAGR of 8.74%, to USD 612.30 million by 2030.

Pea processed ingredients, encompassing proteins, starches, fibers, and flours derived from peas, serve a diverse range of applications across various industries. They are increasingly favored for their nutritional benefits, sustainable production, and versatile functionality in food and beverage formulations. These ingredients are crucial in developing plant-based alternatives, dietary supplements, and functional foods, addressing the rising consumer demand for health-conscious and eco-friendly products. The necessity for pea processed ingredients is driven by the global shift towards plant-based diets, heightened awareness about food allergies, and an increasing preference for clean-label products. End-use sectors, including food and beverage, animal feed, and personal care, capitalize on the unique properties of pea ingredients, such as their high protein content, excellent emulsification, and gluten-free attributes.

KEY MARKET STATISTICS
Base Year [2023]	USD 340.52 million
Estimated Year [2024]	USD 368.64 million
Forecast Year [2030]	USD 612.30 million
CAGR (%)	8.74%

Significant growth factors influencing the pea processed ingredients market include technological advancements in processing techniques, an expanding vegan population, and increased investment in agricultural innovation to enhance crop yields. Additionally, collaborations between industry leaders and research institutions underscore the focus on developing superior pea varieties with enhanced functional properties. Opportunities exist in creating bespoke ingredient solutions, exploring new product formulations, and expanding into emerging markets with untapped potentials, like Asia-Pacific. However, challenges such as fluctuating raw material prices, supply chain disruptions, limited awareness in certain regions, and competitive pressures from alternative proteins can impede growth.

To foster innovation and business growth, companies should invest in R&D to develop next-generation pea ingredients with improved taste and texture, explore sustainable packaging solutions, and leverage digital platforms for market expansion. Partnering with tech firms to harness AI and IoT can optimize supply chain efficiencies and predict consumer trends. The nature of this market is dynamic, with a strong focus on sustainability and innovation, necessitating a proactive approach in addressing environmental concerns and consumer needs.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Pea Processed Ingredients Market

The Pea Processed Ingredients Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing awareness of high-protein diet amongst consumers
- Rising cases of heart diseases, cholesterol, high blood pressure, and other health issues
- Higher prevalence of vegan diets
Market Restraints
- Potential side effects associated with high pea consumption
Market Opportunities
- Possibilities of using processed pea in organic food items and vegan meat
- Utilization of pea protein in various beverages, food products, and other items
Market Challenges
- Lack of standards specifying the adequate intake quantities

Porter's Five Forces: A Strategic Tool for Navigating the Pea Processed Ingredients Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Pea Processed Ingredients Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Pea Processed Ingredients Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Pea Processed Ingredients Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Pea Processed Ingredients Market

A detailed market share analysis in the Pea Processed Ingredients Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Pea Processed Ingredients Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Pea Processed Ingredients Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Pea Processed Ingredients Market

A strategic analysis of the Pea Processed Ingredients Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Pea Processed Ingredients Market, highlighting leading vendors and their innovative profiles. These include AGT Food and Ingredients, AM Nutrition, Axiom Foods, Inc., COSUCRA, DuPont de Nemours, Inc., Emsland-Starke Gesellschaft mit beschrankter Haftung, Glanbia PLC, Golden Minerals Company, Ingredion Incorporated, Kerry Group PLC, Koninklijke DSM N.V., Meelunie B.V., Norben Company, Inc., NutriPea LP, and Roquette Freres.

Market Segmentation & Coverage

This research report categorizes the Pea Processed Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Fiber, Flour, Protein, and Starch.
Based on Source, market is studied across Chickpeas, Lentils, and Yellow Split Peas.
Based on Application, market is studied across Beverage and Food. The Food is further studied across Bakery, Confectionery, Functional Foods, Meat & Meat Substitutes, Performance Nutrition, and Snacks.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-501246435B8B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing awareness of high-protein diet amongst consumers
  - 5.1.1.2. Rising cases of heart diseases, cholesterol, high blood pressure, and other health issues
  - 5.1.1.3. Higher prevalence of vegan diets
- 5.1.2. Restraints
  - 5.1.2.1. Potential side effects associated with high pea consumption
- 5.1.3. Opportunities
  - 5.1.3.1. Possibilities of using processed pea in organic food items and vegan meat
  - 5.1.3.2. Utilization of pea protein in various beverages, food products, and other items
- 5.1.4. Challenges
  - 5.1.4.1. Lack of standards specifying the adequate intake quantities
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Pea Processed Ingredients Market, by Type

6.1. Introduction
6.2. Fiber
6.3. Flour
6.4. Protein
6.5. Starch

7. Pea Processed Ingredients Market, by Source

7.1. Introduction
7.2. Chickpeas
7.3. Lentils
7.4. Yellow Split Peas

8. Pea Processed Ingredients Market, by Application

8.1. Introduction
8.2. Beverage
8.3. Food
- 8.3.1. Bakery
- 8.3.2. Confectionery
- 8.3.3. Functional Foods
- 8.3.4. Meat & Meat Substitutes
- 8.3.5. Performance Nutrition
- 8.3.6. Snacks

9. Americas Pea Processed Ingredients Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Pea Processed Ingredients Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Pea Processed Ingredients Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. AGT Food and Ingredients
2. AM Nutrition
3. Axiom Foods, Inc.
4. COSUCRA
5. DuPont de Nemours, Inc.
6. Emsland-Starke Gesellschaft mit beschrankter Haftung
7. Glanbia PLC
8. Golden Minerals Company
9. Ingredion Incorporated
10. Kerry Group PLC
11. Koninklijke DSM N.V.
12. Meelunie B.V.
13. Norben Company, Inc.
14. NutriPea LP
15. Roquette Freres