Food And Beverages

The Dried Peas Market Is Estimated To Reach $6.62 Billion By 2027 At A CAGR Of 6.1% – Includes Dried Peas Market Demand

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The increasing number of individuals preferring a healthy lifestyle are expected to drive innovation in dried peas manufacturing, thus driving the market during the forecast period.

 

The global dried peas market is expected to grow from $4.79 billion in 2022 to $5.22 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The dried peas market size is expected to grow to $6.62 billion in 2027 at a CAGR of 6.1%.

 

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Global Dried Peas Market Segments Include:

  • By Product Type: Yellow Peas, Green Peas
  • By Nature: Conventional, Organi
  • By Application: Household Or Retail, Foodservice Or HoReCa, Animal Feed, Pharmaceuticals And Supplements, Cosmetics And Personal Care, Food And Beverage Processing
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global dried peas market in 2021.

 

Major Market Players in the dried peas market include Vestkorn Milling AS, AGT Food and Ingredients, Cosucra Groupe Warcoing S.A., Dakota Ingredients, Goya Foods Inc., Ingredion Inc., Roquette Frères.

 

Dried peas companies are increasingly offering pea protein-based powder which can be incorporated in ready-to-drink beverages, baked goods, and dairy foods. Pea protein has a higher concentration of protein and a well-balanced profile of amino acids and can be used as a substitute for egg protein in products such as mayonnaise and as an alternative to soy and wheat gluten. For instance, in September 2022, Tata Consumer Product (TCP), an India-based consumer products company including food and beverages, launched Tata GoFit. Tata GoFit plant protein powder is plant-based, devoid of soy, lactose, and added sugar, and contains ingredients like peas and brown in rice ready-to-mix formula with added probiotics to enhance gut health.

 

The Dried Peas Global Market Report 2023  provides a dried peas market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The dried peas market forecast analyzes dried peas market size, dried peas market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Dried peas are defined as peas that are preserved by dehydrating or drying to concentrate the flavor and extend the shelf life. They are used in food preparation, such as pasta, cereals, and soups.

 

Explore Similar Reports From The Business Research Company:

Dried Herbs Global Market Report 2023

Dried Fruits Global Market Report 2023

Chickpeas Global Market Report 2023

 

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