Market Analysis and Insights: Global Pea Flour Market
Pea flour market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.6% in the forecast period of 2020 to 2027 and is expected to reach USD 941,364.59 million by 2027. Wide range of applications in bakery industry and usage in ingredients is the major driver which is propelling the pea flour market in the forecast period.
Peasemeal (also called pea flour) is flour which is produced from yellow field peas that have been roasted. The roasting enables greater access to protein and starch increasing the nutritive value. Traditionally, the peas would be grounded three times using water-powered stone mills. The colour of the flour is brownish yellow due to the caramelization achieved during roasting, while the texture ranges from fine to gritty. The usages of pea’s meal are similar to maize meal in baking, porridge and quick breads. Pea’s meal has had a long history in Great Britain and is still used in Scotland for dishes such as brose and bannocks. Pea flour market is growing with factors such as growing demand from bakery and food & beverage sector, increasing inclination towards healthier option over traditional flour and high nutrient and other protein content in pea flour. However, the rising demand of oil-seed and nut based flour and digestion issue of pea flour may obstruct the growth of the pea flour market in the given forecast period.
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The growing number of research and development in the field is providing an ample opportunities for the growth of pea flour market and it has been witnessed that it will rise drastically resulting in the growth for the pea flour market. The side-effects of pea flour such as causing occupational asthma have created challenges for the manufacturers dealing in the pea flour market.
The global pea flour market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the pea flour market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Pea Flour Market Scope and Market Size
Pea flour market is segmented on the basis of category, type of peas, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of category, the pea flour market is segmented into organic and inorganic. In 2020, inorganic segment occupied the highest market share due to factors such as high preference towards utilization of inorganic fertilizers to increase the yield of crop, enhances efficiency in crop protection and cost effectiveness.
Based on type of peas, the pea flour market is segmented into green peas and yellow peas. In 2020, yellow peas dominate the pea flour market as they are an essential source of healthy carbohydrates, and phytoprotein. The demand for yellow peas has been increased owing to its nutritional content and enriched medicinal sources.
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Pea Flour Market Country Level Analysis
The Pea Flour market is analysed and market size information is provided by country, category, type of peas, application and distribution channel as referenced above.
The countries covered in the pea flour market report are the U.S., Canada, Mexico, Germany, Italy, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Poland, Belgium, Sweden, Denmark, rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, UAE, Saudi Arabia, Oman, Qatar, Kuwait and rest of Middle East and Africa.
Asia-Pacific is expected to dominate the pea flour market due to large food processing industry and rising occurrence of celiac disease in the region. China is dominating in the pea flour market and leading the growth in the Asia-Pacific region due to growing demand for health awareness food and products with the promising growth rate in the forecast period of 2020 to 2027.
The country section of the report also provides individual Asia-Pacific market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Competitive Landscape and Pea Flour Market Share Analysis
Pea flour market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to pea flour market.
The major players covered in the pea flour market report are AGT Food and Ingredients, Bob’s Red Mill Natural Foods, Batory Foods, Limagrain Holding Group, Hodmedod's British Pulses & Grains, Avena Foods, Limited, Vestkorn, Diefenbaker Spice & Pulse, Mirfak Pty Ltd, SURESHCHAND RAMESHCHAND, Novofarina, Barry Farm Foods, Cates Grains & Seed, Spice Mecca, Woodland Foods, Hansco Distributors Inc., SpiceEE, Ingredion Incorporated, Midlands Holdings, ADM, ANCHOR INGREDIENTS, Hearthy Foods, Golden Grain Mills, PAULA Ingredients and K2 Milling among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the pea flour market.
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