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North America Dried Peas Market Research Report - Segmenetd By Nature, Product Type, Application, Sales Channel, And By Region(The United States, Canada, And Rest of North America) - Growth, Size, Share, Trends, Impact of COVID-19 And Forecast (2024 To 2029)

Published: March, 2023
ID: 12439
Pages: 150
Formats: report pdf report excel report power bi report ppt

North America Dried Peas Market Size (2024 To 2029)

North America Dried Peas Market is expected to be worth USD 1.87 million in 2024 , it is expected to be worth to achieve USD 2.79 million by 2029, growing at a CAGR of 8.3%. 

The expansion of the dried peas market is primarily attributable to an increase in the number of vegans and health-conscious consumers. In addition, the increasing number of individuals who desire a balanced lifestyle will likely drive the dried peas market forward in the following years.

Previously, dried peas were primarily used as a meat and meat substitute and in the nutraceutical industry. As a result of R&D effort and technological breakthroughs in extracting and processing various elements from peas, newer uses and developments in dried peas were developed. Dried peas can be utilized as a flour, fiber, and starch substitute in the bakery industry, supporting healthy living. Pea protein, pea starch, pea fiber, and pea flour are produced from dried peas. Consumers are always looking for more nutritious food and beverage options, often those that would provide nourishment in their hectic lifestyles and daily routines. Food and beverage companies have been looking for healthier and more inexpensive alternatives to animal-based sources, resulting in increased investments in plant-based goods. Soy components are currently dominating the plant-based space. Dried pea fails to lead the market for plant-based products due to high extraction and processing costs and limited production. Soy protein has a higher level of consumer awareness than pea protein. Because of their large production capacity and great demand, manufacturers have obtained economies of scale for soy-based ingredients. On the other hand, the Dried pea is a relatively young product struggling to dominate the plant-based alternative business due to the availability of low-cost alternatives like soy.

North America Dried Peas Market - By Nature:

  • Conventional

  • Organic

North America Dried Peas Market - By Product Type:

  • Yellow Peas

  • Green Peas

In the dried peas market, the yellow pea category is expected to develop at the highest CAGR. Yellow peas are in high demand due to their high protein content and popularity among food manufacturers. Yellow pea output has increased throughout the years in response to increased demand. Yellow peas are likewise high in fiber and deemed taste-neutral, resulting in increased use of the same in food and beverage goods.

North America Dried Peas Market - By Application:

  • Household/Retail

  • Foodservice/HoReCa

  • Animal Feed

  • Pharmaceuticals & Supplements

  • Cosmetics and Personal Care

  • Food and Beverage Processing

The functional food segment is predicted to expand the quickest by application type throughout the projection period. Infant nutrition, nutritional supplements, dairy products, plant-based yogurt, plant-based creamers, plant-based butter, and other food products fortified with additional nutrients are among the functional foods investigated for the study. Because of their water-binding capacity, gel-forming ability, fat mimic, anti-sticking, anti-clumping, texturizing, and thickening actions, the addition of pea processed components extends the shelf-life of functional food items while also improving textural and sensory features. In addition, the producers are investigating the possibility of selling breakfast choices enriched with nutritious pea fibers. Inulin increases the fiber level of cereals while decreasing sugar content, making it a popular choice among consumers. The use of pea processed food ingredients in the production of functional food items is believed to give nutritional health advantages, prevent/resist chronic diseases, or act as energy boosters. Thus, the incorporation of functional food ingredients helps provide nutritional benefits and the fundamental nutritive capacity of traditional food products.

North America Dried Peas Market - By Sales Channel:

  • Direct Sales

  • Indirect Sales

In 2018, the dried peas market was headed by hypermarkets/supermarkets. This area is gaining pace due to its perks, such as scanning the product before purchasing it. On the other hand, due to the easy availability of dried peas, convenience stores accounted for a considerable dried peas market share in 2018. From 2019 to 2025, the internet category is predicted to grow at the quickest CAGR. The advent of e-commerce portals as a primary selling medium due to the provision of value-added services such as free home delivery, cash-on-delivery (COD), international shipment facilities, return/exchange policy, and coupon benefits is predicted to continue to be a dominant market trend.

North America Dried Peas Market - By Region:

  • United States

  • Canada

provide the massive industrial potential for developing processing processes and access to raw materials. As a result, the United States is one of the country's largest buyers of dried peas, and the market is likely to remain constant during the forecast period.

KEY MARKET PLAYERS:

Key market players of North America 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

RECENT HAPPENINGS IN THE MARKET:

  • The US Department of Agriculture (USDA) announced intentions in August 2020 to purchase edible dried beans, peas, and lentils for delivery to several food nutrition assistance programs. Purchases will be undertaken in accordance with Article 32 of the Law of August 24, 1935, to encourage the continuation of internal use of these products by diverting them from normal commercial and trade circuits.

  • Roquette, a well-known plant-based ingredient manufacturer, disclosed the purchase of a factory specializing in the extrusion of plant-based proteins in September 2018. With this acquisition, the group hopes to increase its line of high-end textured vegetable components for the worldwide meat substitute industry.

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FAQ's

1.What are Dried Peas?

Dried peas are legumes derived from the Pisum sativum plant, which are harvested, dried, and processed for consumption. They are rich in protein, fiber, vitamins, and minerals, making them a nutritious staple in many diets.

2.How are Dried Peas Used in Cooking?

Dried peas are versatile ingredients used in a variety of dishes, including soups, stews, salads, curries, and casseroles. They can be cooked and served whole or split, blended into purees, or ground into flour for baking.

3.Are Dried Peas Environmentally Friendly?

Yes, dried peas are considered environmentally friendly due to their low carbon footprint and ability to enrich soil health through nitrogen fixation. They require less water and land compared to animal-based protein sources, making them a sustainable choice for environmentally conscious consumers.

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