Pea Flakes Market To Exceed $3.4 Bn By 2032, Says Global Market Insights Inc.

(MENAFN- GlobeNewsWire - Nasdaq) Major pea flakes market participants include Exotic nutrition, Garden valley, Gemef industries, Green Origin, GuineaDad, Inland empire food Inc. JR Farm, Milzu

Selbyville, Delaware, Aug. 15, 2024 (GLOBE NEWSWIRE) --

The pea flakes market valuation is predicted to cross USD 3.4 billion by 2032, as reported in a research study by Global Market Insights Inc.

Rising demand through online retail channels as they offer expanded offerings and enhanced accessibility to cater to consumers seeking healthy and convenient food options will favor the market demand. Pea flakes will continue to be popular in online retail with advancements in e-commerce technology and marketing strategies, further boosting their visibility and sales. For instance, in March 2022, Beyond Meat launched its store on Pinduoduo e-commerce platform to widen its online sales presence as well as continue expansion into the significantly growing Chinese plant-based protein market. These channels also increasingly meet the consumer preferences for nutritious, and plant-based products delivered directly to their homes.

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The pea flakes market from the organic segment is expected to experience significant acceleration between 2024 and 2032, driven by the surging popularity of nutritious and sustainable food choices. These pea flakes are largely incorporated into various diets for their high protein and fiber content. Consumers are increasingly seeking organic pea flakes for healthy meals and snacks. Advances in agricultural practices and production methods will further enhance their availability and nutritional value. Subsequently, the demand for organic pea flakes will rise as people become more health-conscious and environmentally aware.

The nutritional supplements segment of the pea flakes market is anticipated to record substantial CAGR from 2024 to 2032, owing to the surging need for high-protein and nutrient-rich ingredients. Feed manufacturers are incorporating pea flakes into formulations to enhance the nutritional value of animal diets particularly for livestock and poultry. In addition, pea flakes have evolved as valuable components in animal feed, driven by the demand for sustainable protein sources and advancements in feed technology. The growing preference for healthier and environmentally friendly feed options will also boost the segment growth.

Asia Pacific pea flakes market is estimated to attain substantial valuation by 2032 due to the growing organic food sector and increasing health awareness among consumers. The rising demand for nutritious and sustainable food options is driving the popularity of pea flakes in the region. This factor is expected to continue as more people are prioritizing health-conscious choices and sustainable lifestyles. Rapid advancements in organic farming practices and distribution networks to ensure broader availability and greater consumer accessibility will also support the regional product demand.

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Some of the prominent pea flakes market players include Exotic nutrition, Garden valley, Gemef industries, Green Origin, GuineaDad, Inland empire food inc, JR Farm, Milzu, Sevenhill wholefood, The little hay company and Wheeky pets. These industry players are increasing the number of product launches to meet the growing end-user and consumer demand. For instance, in October 2022, Seabloom, a plant-based seafood brand, launched vegan 'Tuna-Free' flakes made from pea protein and organic Scottish seaweed. This innovative product caters to the growing demand for sustainable and nutritious alternatives, subsequently highlighting the versatility and appeal of pea-based ingredients in the food industry.

Partial chapters of report table of contents (TOC):

Chapter 1 Methodology & Scope

1.1 Market scope & definition

1.2 Base estimates & calculations

1.3 Forecast calculation

1.4 Data sources

1.4.1 Primary

1.4.2 Data Mining Sources

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 3600 synopsis

2.2 Type trends

2.3 End use industry trends

2.4 Distribution channel trends

Chapter 3 Pea Flakes Market Insights

3.1 Industry ecosystem analysis

3.1.1 Value chain

3.1.2 Key manufacturers

3.1.3 Go to market routes

3.1.4 Key distributors

3.1.4.1 New distribution channels

3.1.5 Profit margins across the industry

3.2 Industry impact forces

3.2.1 Growth drivers

3.2.1.1 Rising Preference for Plant-Based Proteins

3.2.1.2 Increasing Food Industry Applications

3.2.1.3 Product Innovation and Diversification

3.2.2 Market challenges

3.2.2.1 Taste and Texture Preferences

3.2.2.2 Competition from Alternatives

3.2.3 Market opportunities

3.2.3.1 New markets/applications

3.2.3.2 Growth potential analysis

3.3 Raw material landscape

3.3.1 Manufacturing trends

3.3.1.1 Technology evolution

3.3.1.2 Sustainable manufacturing

3.3.1.2.1 Green practices

3.3.1.2.2 Decarbonization

3.3.2 New raw materials

3.3.3 Raw material pricing trends (USD/Ton)

3.3.3.1 U.S.

3.3.3.2 European Union

3.3.3.3 UK

3.3.3.4 China

3.3.3.5 Southeast Asia

3.3.3.6 GCC

3.4 Regulations & market impact

3.5 Trade statistics

3.6 Unmet needs

3.7 Porter's analysis

3.8 PESTEL analysis

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About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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