Pea Flakes Market Dynamics, Growth Drivers, Market Constraints and Challenges 2024

According to Precision Business Insights' (PBI), latest report, the global Pea Flakes Market size was valued at USD 1,793.5 million in 2023, growing at a 12.2% CAGR during the forecast period 2024 to 2030. The primary factors that drive the market are growing health awareness across the world, rising cardiovascular and other dietary patients' need for cholesterol-free food, and increased demand for pea flakes products in the market.

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The Pea Flakes Market Detailed Segmentation:
Based on the type, the market is segmented into the following:
• Green Pea
• Yellow Pea

Based on its nature, the market is segmented into the following:
• Organic
• Conventional

Based on the application, the market is segmented into the following:
• Animal Feed
• Food Processing
• Aqua Foods
• Households
• Others

Based on the distribution channel, the market is segmented into the following:
• Retail Store
• Hypermarket/Supermarket
• E-Commerce

Based on type, yellow pea holds the highest market share. The major factor for the rise of this segment is the use of yellow pea flakes due to their high richness in protein and other nutritional essentials. A 100-gram yellow pea flake consists of 120 calories, less than 1 gram of fat, 12 grams of protein, 2.5 mg of sodium, and no cholesterol. Yellow peas become a more popular form of nutritional value, It is predicted that a rise in awareness about the nutritional value and antioxidant properties of peas drive the market.

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Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia Pacific region is expected to grow significantly in the Pea Flakes Market size over the forecast period The growth of the pea flakes market in Asian countries because of growing health awareness in the region, development of new products incorporating various items such as pea flakes soups, salad and dried pea products which contain larges protein products. China's food habitat allows the pea flakes market to penetrate the market availability of items driving the Chinese market.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.
The Pea Flakes Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

Key players in the Pea Flakes Market report are Garden Valley Foods, Gemef Industries, PE Levona, JR Farm, Gold & Green, Benson Hill, Inc., BP Milling, Dumoulin S.A., Green Foods LLP, Inland Empire Foods, and Wheeeky Pets.

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This release was published on openPR.