Leading Pea Processed Ingredients Source Markets Databank

Leading Pea Processed Ingredients Source Markets Databank

The Pea Processed Ingredients market was valued at $2,846.2 Million in 2020, and is projected to reach $5,601.5 Million by 2029 growing at a CAGR of 7.88% from 2021 to 2029. Yellow split peas segment is expected to be the highest contributor to this market, with $1,673.5 Million in 2020, and is anticipated to reach $3,143.4 Million by 2029, registering a CAGR of 7.32%. Lentils segment is anticipated to reach $498.8 Million by 2029 with the highest CAGR of 9.10%. Yellow split peas and Chickpeas segments collectively expected to account for about 92.0% share of the Pea Processed Ingredients market in 2020, with the former constituting around 58.8% share. Lentils and Chickpeas segments are expected to witness significant growth rates at a CAGR of 9.10% and 8.51% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 41.2% in the overall Pea Processed Ingredients market in 2020, and is anticipated to reach 43.9% by 2029.