Pea Processed Ingredients Market Forecasts to 2028 – Global Analysis By Type (Starch, Flour, Fiber), Source (Yellow Split Peas, Chickpeas, Lentils), Function (Binding & Thickening, Film Forming) and By Geography

Pea Processed Ingredients Market Forecasts to 2028 – Global Analysis By Type (Starch, Flour, Fiber), Source (Yellow Split Peas, Chickpeas, Lentils), Function (Binding & Thickening, Film Forming) and By Geography

According to Stratistics MRC, the Global Pea Processed Ingredients Market is accounted for $3.15 billion in 2021 and is expected to reach $7.02 billion by 2028 growing at a CAGR of 12.1% during the forecast period. Processed pea ingredients such as pea flour, pea fiber, pea starch, and pea protein are taken out by processing numerous types of peas, such as pea’s lentils, chickpeas, green peas, and split yellow peas. It is found by carrying out a process, which consists of two phases, namely dry and wet.

Market Dynamics:

Driver:

Improvements in Extraction and Processing Technologies

The two phases dry and wet are acquired by applying a processing of various types of peas. The dry phase comprises two processes, dry milling, and air classification. Pea flour is obtained after practicing dry milling and air classification processes. Later, it undergoes the wet milling process, which includes multi-step solubilization, followed by centrifugation. This is the process where pea protein, pea fiber, pea flour, and pea starch are separated. Traditional technologies in pea processing could only extract protein flour comprising a maximal of 20% to 40% protein and concentrate comprising 45% to 60% proteins. The traditional techniques made pea processed ingredients less digestible and have low sensory properties. Therefore, the constraints of the traditional techniques are leading to the evolution of newer and modern techniques of pea protein, starch, flour, and fiber extraction and processing. Modern techniques included wet milling and centrifugation process that aid in processing peas with high digestibility, and improved taste.

Restraint:

High Cost

Due to the high extraction and processing costs and limited production, fails to lead the market. Compared to peas, there is greater consumer awareness about soy protein. Food & beverage manufacturers have been looking for more healthy and affordable alternatives for animal-based sources, thereby increasing investments in the plant-based ingredient market. Manufacturers have achieved economies of scale for soy-based ingredients due to their high production capacities and high demand. On the other hand, the pea is a comparatively newer product, which, due to the availability of low-cost products, such as soy, is finding it difficult to dominate the plant-based alternative industry. Manufacturers are finding it difficult to sell standalone pure pea processed ingredients that fetch lower margins, which is leading to the sales of blends of pea processed ingredients.

Opportunity:

Developments in Quality Properties Supporting Acceptance in Baking Ingredients

With Research & Development efforts and technological advancements in the extraction and processing of different ingredients from peas, newer applications and developments were incorporated into this market. It can be used as an addition to fiber, flour, and starch in the bakery industry, helping toward healthy lifestyles. Consumers continuously look for healthier food & beverage options, usually the ones that provide sustenance in hectic lives and daily routines. Bakery products never came in that category earlier. However, with the addition of pea processed ingredients in the making of bakery products, the baking industry is ready to take the trial.

Threat:

Supply limitations

The foremost threat that makers have to experience is the lack of supply. The percentage of conversion of pea protein removed from peas varies from process to process and as per the type of pea used in the process. Ideally, 15% to 20% of peas are converted into proteins; the rest is converted into starch and fiber. Therefore, specific ingredients derived from the large processing of peas are limited, thereby resulting in supply constraints. In recent times, the demand for pea processed ingredients has increased due to their health benefits, anti-allergen properties, and other functional properties. This increase in demand can be witnessed in the food & beverage industry.

Protein segment is expected to be the largest during the forecast period

Pea protein is largest in the pea processed ingredients business, due to the growing demand for plant-based ingredients. Additionally, rising consciousness towards the benefits offered by pea protein is boosting this segment over the years. Pea protein is neutral in taste and has an array of applications in the food, beverage, pet food, and feed industries. Several countries are now focusing on increasing pea processing to enhance pea protein production.

The Food segment is expected to have the highest CAGR during the forecast period

Pea processed ingredients finds several applications in the food industry reinforced by their cost-effectiveness and nutritional benefits. It is used in numerous food applications that contain meat & meat substitutes, functional foods, performance nutrition, snacks, bakery products, and confectionery among others. It is mostly used for rendering food products with the required texture, consistency, and stability. Pea processed ingredients are a clean label substitute and are a popular choice among customers.

Region with highest share:

The North America is projected to hold the highest market share; it is estimated to grow at a significant growth rate, owing to the rise in demand from large economies, the US, Canada, and Mexico. Manufacturing food manufacturers are attentive to emerging altered product formats sourced from peas. Pea processed ingredients are among the utmost versatile ingredients and can be formulated into food, beverage, and others including pet food, feed, and industrial. But, given the high prices of pea processed ingredients, their demands have remained popular in developed markets.

Region with highest CAGR:

Europe is projected to have the highest CAGR, due to the increasing popularity of vegetarianism and vegan diet, as a substitute the meat products, growing health consciousness among the population in western countries of Europe, and increasing demand for non-allergen, gluten-free, and lactose-free protein ingredients in the food products. Moreover, proven nutritional qualities and increased influence of the west have also resulted in growing popularity among the population in Eastern countries of Europe.

Key players in the market:

Some of the key players profiled in the Pea Processed Ingredients Market include A&B Ingredients Inc., Agridient B.V., Agt Food and Ingredients, American Key Food Products, Axiom Foods Inc., Batory Foods, Burcon Nutrascience Corp, Cosucra Groupe Warcoing Sa, Dupont, Emsland Group, Felleskjopet Rogaland Agder, Ingredion Incorporated, Kerry, Meelunie B.V., Parrheim Foods, Puris Foods, Roquette Freres, Shandong Jianyuan Group, The Scoular Company, Vestkorn Milling As, Yantai Oriental Protein Tech Co., Ltd., Yantai Shuangta Food Co., Ltd.

Key developments:

In October 2019: Puris Foods launched new pea starch ingredients that are widely used for sports nutrition to formulate vegan gummies. This launch helped strengthen the company’s pea starch product portfolio and cater to the growing demand for plant-based nutritional products.

In December 2019: Roquette announced that it developed Roquette pea starch LN 30, a product suited for active nutrition applications that comes in powder shake and snack bar formats

In July 2020: The Emsland Group partnered with Brenntag Food & Nutrition (Russia). Brenntag will take over distribution of Emsland’s product portfolio for the food industry as well as technical specialties, which include native starches, modified starches, proteins, and fibers made from peas and potatoes..

Types Covered:
• Protein
• Starch
• Flour
• Fiber

Sources Covered:
• Yellow Split Peas
• Chickpeas
• Lentils

Functions Covered:
• Binding & Thickening
• Film Forming
• Gelling
• Texturizing

Applications Covered:
• Food
• Beverages

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances