PUBLISHER: The Business Research Company | PRODUCT CODE: 1661966
PUBLISHER: The Business Research Company | PRODUCT CODE: 1661966
Pea flakes serve as a nutritious supplement, rich in lysine, essential minerals, and amino acids. Their crushing process breaks down starch, ensuring ease of digestion. They stand as a 100% natural product, devoid of added chemicals, providing a wholesome nutritional offering.
The primary variations of pea flakes include yellow peas and green peas. Yellow peas, characterized by yellow flowers resembling peas, represent one of the varieties within the pea flakes category. These products originate from both organic and conventional sources, and their distribution spans hypermarkets, supermarkets, convenience stores, and online channels. They find utility in food processing, animal and aqua feed, as well as household or rental applications.
The pea flakes market research report is one of a series of new reports from The Business Research Company that provides pea flakes market statistics, including pea flakes industry global market size, regional shares, competitors with pea flakes market share, detailed pea flakes market segments, market trends, and opportunities, and any further data you may need to thrive in the pea flakes industry. This pea flakes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The pea flakes market size has grown rapidly in recent years. It will grow from $2.07 billion in 2024 to $2.31 billion in 2025 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to health and wellness trends, vegetarian lifestyle trends, food industry innovation, consumer preference for natural ingredients, sustainability concerns, allergen-free nature.
The pea flakes market size is expected to see rapid growth in the next few years. It will grow to $3.47 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to continued health and wellness focus, expanding vegan and vegetarian markets, government policies and subsidies, rising environmental awareness, increased acceptance of alternative proteins. Major trends in the forecast period include demand for clean label and natural ingredients, expansion of pet food applications, investments in processing technologies, emergence of pea flakes as a texturizing agent, global market penetration.
The growing demand for convenience foods is anticipated to drive the expansion of the pea flakes market in the future. Convenience food refers to items that are nearly ready to eat upon purchase and can be prepared quickly and easily. The rise in demand for convenience foods is attributed to busy lifestyles, increasing urbanization, and the need for quick meal solutions. Pea flakes are increasingly incorporated into convenience foods due to their nutritional benefits, versatility, and ability to enhance the protein content of ready-to-eat meals and snacks. For example, in March 2024, the Bank of Ayudhya Public Company Limited, a commercial banking firm based in Thailand, reported that the domestic market for Thai-made ready-to-eat food is projected to grow by 3.0-4.0% annually from 2024 to 2026. Additionally, in 2022, the ready-to-eat food sector recorded total domestic and export sales volume of 482.4 thousand tons, valued at USD 2.0 billion. Thus, the increasing demand for convenience foods is fueling the growth of the pea flakes market.
The increasing vegetarian population is expected to stimulate the growth of the pea flakes market in the coming years. The vegetarian population consists of individuals who follow a vegetarian diet. Pea flakes are important for this demographic as they provide a plant-based, protein-rich snack option that aligns with ethical, health, and sustainability values. For instance, in January 2023, the U.S. Department of Agriculture's Foreign Agricultural Service reported that Germany had the highest rate of vegetarianism; in 2022, over 1.5 million individuals identified as vegans, 1.58 million claimed to be vegans, and nearly 8 million consumed vegetarian food. In contrast, just a decade ago, only 0.1 million individuals were identified as vegans. Therefore, the growing vegetarian population is contributing to the growth of the pea flakes market.
Product innovation is a significant trend gaining traction in the pea flakes market. Leading companies in this sector are concentrating on creating innovative products to enhance their market presence. For example, in November 2023, BENEO GmbH, a food company based in Germany, unveiled new plant-based innovations at the Food Ingredients Europe (FiE) expo, showcasing pea flakes as a vital ingredient. These pea flakes were utilized in products such as beef bites to enhance juiciness and in a meatless vegan binder to improve the texture and cohesiveness of plant-based foods. Beneo's advancements highlight an increasing emphasis on plant-based ingredients that are both versatile and nutritious, catering to consumer demands for flavor and texture in vegan offerings.
Key players in the pea flakes market are intensifying their efforts to introduce innovative products like gluten-free snacks to secure a competitive advantage. Gluten-free snacks are food items that do not contain gluten, a mixture of proteins present in wheat and related grains such as barley and rye. For instance, in August 2023, Calbee Inc., a food company from Japan, launched a new flavor of their Harvest Snaps snacks in collaboration with Walmart. The Harvest Snaps range provides a variety of plant-based options, including the popular Snapea Crisps. These gluten-free snacks are lightly salted and baked rather than fried, making them a healthier snacking alternative. Crafted from green peas, Harvest Snaps are recognized for their satisfying crunch and delightful flavor. The sampler package features seven different flavors, allowing consumers to enjoy a diverse selection of tasty, plant-based baked snacks.
In January 2022, Benson Hill, Inc., a U.S.-based provider of crop design platforms, acquired ZFS Creston LLC for an undisclosed sum. This acquisition positions Benson Hill to offer a range of enhanced ingredients as an innovative solution to challenges in the rapidly growing yet capacity-constrained plant-based movement. ZFS Creston LLC is a U.S.-based manufacturer of food-grade pea flakes and soy flour.
Major companies operating in the pea flakes market are Gemef Industries, BP Milling Ltd., Danone SA, Dumoulin SA, Garden Valley Foods, Green Foods LLP, Inland Empire Foods Inc., Iovate Health Sciences International Inc., JR Farm GmbH, Nutiva Inc., Orgain Inc., The Simply Good Food Company, True Nutrition, Wheeky Pets LLC, Vestkorn Milling AS, Cosucra Groupe Warcoing SA, Emsland Group, Roquette Freres SA, Avena Foods Limited, Batory Foods Inc., Best Cooking Pulses Inc., CanMar Grain Products Ltd., Cargill Inc., Columbia Grain International Inc., Diefenbaker Spice & Pulse, Gavilon Group LLC, Global Grain Canada Ltd., Ingredion Incorporated, J.G. Boswell Company, Kashi Company, Kellogg Company
North America was the largest region in the pea flakes market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pea flakes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pea flakes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pea flakes market consists of sales of human-grade pea flakes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pea Flakes Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pea flakes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pea flakes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pea flakes market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.