The Pea Flakes Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Pea Flakes Market:
https://www.thebusinessresearchcompany.com/report/pea-flakes-global-market-report
According to The Business Research Company’s Pea Flakes Global Market Report 2024, The pea flakes market size has grown rapidly in recent years. It will grow from $1.86 billion in 2023 to $2.07 billion in 2024 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 $3.14 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. 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 increasing expenditure on superfoods or healthy food products is expected to propel the growth of the pea flakes market going forward. Superfoods or healthy food products are defined as nutrient-dense meal, such as salmon, broccoli, or blueberries, that are thought to be good for one’s health because it contains antioxidants, fiber, or fatty acids. The increasing expenditure on superfoods or healthy food products will create demand for pea flakes as they are one of the nutritional foods that have health benefits. For instance, according to Medical News Today, a UK-based web-based outlet for medical information and news, the global superfoods or healthy food products market expenditure was found to be USD 6.57 billion in 2022, which is expected to reach a value of USD 11.50 billion in 2030 with a compound annual growth rate (CAGR) of 7.2%. Therefore, the increasing expenditure on superfoods or healthy food products is driving the growth of the pea flakes market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=8815&type=smp
The pea flakes market covered in this report is segmented –
1) By Type: Yellow Pea, Green Pea
2) By Nature: Organic, Conventional
3) By Application: Food Processing, Animal Feed
4) By Distribution Channel: Hypermarket or Supermarket, Convenience Stores, Online
Product innovation is a key trend gaining popularity in the pea flakes market. Major companies operating in the pea flakes market are focused on developing innovative products to strengthen their market position. For instance, in December 2021, Gold&Green, a Finland-based Finnish food technology company launched protein granules and protein flakes made from oat bran, pea, and fava bean protein. The plant-based ingredients have a neutral flavor profile and texture that can be adjusted to fit different uses. They have fiber, potassium, and iron, and are a rich source of protein. The components can be used to make shaped foods such as falafel, veggie burgers, balls, and patties. They can be used in deli salads, baked goods, frozen dinners, and plant-based substitutes for dairy, meat, and fish as well as a source of protein.
The pea flakes market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
