Pea Flakes Market is Expected to Reach US$ 3.7 Billion by 2032

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The global pea flakes market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.7% during 2024-2032.

Summary:

  • The global pea flakes market size reached US$ 1.9 Billion in 2023.
  • The market is expected to reach US$ 3.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.7% during 2024-2032.
  • North America leads the market, accounting for the largest pea flakes market share due to the growing demand for plant-based protein.
  • Yellow pea flakes accounts for the majority of the market share in the type of segment owing to their widespread use in various applications.
  • Based on the nature, the market has been bifurcated into organic and conventional.
  • Food processing remain a dominant segment in the market as pea flakes are widely used as a functional ingredient in different food products.
  • The growing demand for plant-based foods is a primary driver of the pea flakes market.
  • Emerging health and wellness trends and expanding pet food industry are reshaping the pea flakes market.
  • For Growth: We explore the factors propelling the pea flakes market growth, including technological advancements, consumer behaviours, and regulatory changes.

 

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