Dried Peas Market

Global Dried Peas Market Size (2024 to 2032)

The Global  Dried Peas Market is expected to be worth at USD 5.5 billion in 2024 and is anticipated to reach over USD 10.88 billion by 2032, growing at a CAGR of 8.9% during the forecast period.

MARKET OVERVIEW

The global Dried Peas Market can be segmented based on Nature, Application, and Sales Channel. On the basis of Nature, the market is segmented into Conventional and Organic. On the basis of Product Type, the market is divided into Yellow Peas and Green Peas. On the basis of Application, the market is separated as Household/Retail, Foodservice/HoReCa, Animal Feed, Pharmaceuticals & Supplements, Cosmetics, and Personal Care, and Food and Beverage Processing. Depending on the sales channel, the worldwide market can be bifurcated as Direct Sales and Indirect Sales. Dried peas have been around for thousands of years. Depending on the variety, dried peas begin to flower after reaching a specific number of nodes (that is, part of the plant stem that has a leaf). The flowers are generally white, with the exception of Austrian winter peas, which are reddish-purple in color, and flowering normally occurs 2 to 4 weeks after germination, depending on variety and climate. Flowering continues until drought or nitrogen deficiency ends.

Dried pea varieties are distinguished by fixed or indeterminate flowering. Dried peas grow best when planted in a seedbed with minimal soil surface residue. Good soil contact with the seed is also important; therefore, firm and well-cared nurseries tend to be favored. These characteristics of the soil environment can have an impact on the percentage of seedlings that emerge. Seed and soil pathogens can have a major effect on emergence. If uneven pigmentation is evident in a given batch of seeds from a single-stage crop, it may be due to the different maturity of the seeds.

MARKET DRIVERS AND RESTRAINTS

There is a huge spike in demand for pea protein powder in the last few years. To meet this demand, manufacturers in the dried pea market are launching products that can be incorporated into ready-to-drink beverages, baked goods, and dairy products.

For example, global food giant Cargill has announced the launch of its versatile Radipure pea protein powder, which is made from non-GMO dried peas. The increasing number of patients with cardiovascular disease (CVD) worldwide is considered a critical aspect in the development of the global dried peas market. Beans, peas, and legumes are the unsung champions of plant-based diets and are beneficial in reducing the risk of cardiovascular disease in people. There is a growing awareness of the health risks associated with red meat. Thus, manufacturers in the dried pea market are taking advantage of this trend to innovate in protein products that serve as meat substitutes. Food startups are taking advantage of business opportunities due to the growing demand for herbal products.

Manufacturers adopt different techniques such as roasting dried peas to enhance their flavor. Companies in the dried peas market are expanding their presence in the burgeoning Asian market. It is a phenomenon on the rise, as consumers demand plant-based, healthy, and highly nutritious foods. In order to bolster their credibility in the global market for dried peas, manufacturers are using low allergy and protein legumes to produce pea protein powders. These powders are gaining popularity because they function as highly adaptable ingredients. However, the F&B industry is expected to face serious challenges, with most companies affected by manufacturing, demand issues, and supply chain disruptions, especially in Asia. The prices of raw materials and finished products have increased due to the shortage of products. It affects both production and sales. It is analyzed that if this situation persists, companies will have difficulties in the near future to continue with their activities unless assistance is provided by the regulatory authorities.

REPORT COVERAGE

DETAILED SEGMENTATION OF GLOBAL DRIED PEAS MARKET INCLUDED IN THIS REPORT    

This research report on the global dried peas market has been segmented and sub-segmented based on nature, product type, sales channel,  and region

Global Dried Peas Market By Nature

• Conventional
• Organic

Global Dried Peas Market By Product Type

• Yellow Peas
• Green Peas
• Application
• Household/Retail
• Foodservice/Horeca
• Animal Feed
• Pharmaceuticals & Supplements
• Cosmetics And Personal Care
• Food And Beverage Processing

Global Dried Peas Market By Sales Channel

• Direct Sales
• Indirect Sales

REGIONAL ANALYSIS

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East And Africa

Asia-Pacific accounts for almost 50% of the dried peas market. Consumer awareness of healthy diets and micronutrient consumption is increasing the demand for dried peas in the region. Dry peas may be put through a splitting process and the split peas are then used in the popular North American dish, split pea soup. In many Asian countries, whole peas are roasted, salted, and consumed as snacks. In parts of the Mediterranean, they are added to meat and potatoes to make a hearty stew. Dry yellow split peas are used in the UK to make the traditional Pease pudding or porridge, while dried, rehydrated, and mashed marrowfat peas, known in England as “mushy peas,” are a common accompaniment to fish and chips and meat pie.

KEY PLAYERS OF DRIED PEAS MARKET

Key market players in Dried Peas market are Vestkorn Milling AS, The Scoular Company, Goya Foods, Inc, Ingredion Inc, AM Nutrition, Herba Ingredients, Cosucra Groupe Warcoing S.A, Roquette Frères, Dakota Dry Bean, Premier Foods plc, AGT Food and Ingredients, Meelunie BV., L.H, Hayward.

RECENT HAPPENINGS IN THE MARKET

• The United States Department of Agriculture (USDA) announced plans to purchase edible dried beans, peas, and lentils for distribution to various food nutrition assistance programs. Purchases will be made under article 32 of the law of August 24, 1935, with the aim of encouraging the continuation of internal consumption of these products by diverting them from the normal circuits of commerce and trade.
• during a hearing with the Subcommittee on National Agriculture and the Subcommittee on Foreign Agriculture on the implementation of the food aid provisions in the 2018 Farm Bill, Peterson asked why USAID was reducing procurement while demand in recipient countries had not diminished.
• Roquette, a renowned company in plant-based ingredients, confirmed the purchase of a plant specializing in the extrusion of plant-based proteins. With this acquisition, the group wants to expand its range of high-end textured vegetable ingredients for the global meat substitute market.