An Upsurge in Plant-Based Protein Diet Is Elevating Market Growth
Increasing consumer preference for organic and plant-based products aligns well with pea flour's status as a natural, gluten-free, a suitable alternative for individuals with celiac disease and gluten sensitivities leading market players to offer opportunities to capture a larger share of the growing organic food market by investing in research and development. For instance, in September 2024, the US Department of Agriculture announced an investment of US$ 121 million for research and development in specialty crops and high-quality organic agriculture products. Additionally, in May 2023, germinal and seed breeders announced an investpea protein project of US$ 1 million to improve affordability and nutrition and capture new economic opportunities for pea crops, that benefit ingredient processors, food manufacturers, and consumers.
Partnerships And Investments Foster the Market Growth Opportunities
Further, companies are focusing on expanding their presence to develop advanced pea ingredients and food products, focusing on optimizing ingredient processing, and developing new meat alternative products to fuelling demand for healthy, sustainable food products. For instance, in July 2024, Protein Industries Canada announced to investment total of US$ 7.7 million with a consortium including Lovingly Made Flour Mills, TMRW Foods and Dutton Farms aims to improve the affordability, nutrition, and strengthen the domestic ingredient manufacturing industry and capture new economic opportunities for pea crops, that benefits ingredient processors, food manufacturers, and consumers.
Recent Trends in the Pea Flour Industry
- Growing awareness of health benefits associated with high-protein, high-fiber foods
- Increasing preference for sustainable ingredients due to low carbon footprint than animal proteins
- Expansion of the production of innovative functional and fortified food products
- Growing demand for high-protein snacks and bakery products among consumers
Explore Our Breakthrough Market Segmentation and Personalize it to Meet Your Business Needs…!
Taste, Texture and Supply Chain Impacts the Market
Market Shift Towards Gluten-Free Functional Food Is Driving Industry Dynamics
Further, the rise in protein plant-based diets and environmental concerns associated with animal agriculture results in increasing focus on developing new pea flour product formulations as an alternative to traditional animal-based proteins, due to which many market players are launching a line of pulse concentrates and flours. For instance, in September 2021, Ingredion released Homecraft Prista P 101 pea flour, offering fibre and micronutrients and up to 12% protein on a dry basis in addition it has a lower overall powdery texture and a higher savoury flavour, making it an ideal gluten-free bakery product allowing the manufacturer to use it in as instant beverages and ready-to-eat applications.
Know Your Competitors and Strengthen Market Share Effectively
Rising Plant-Based Diet Popularity Is Expanding the Market Growth
The European pea flour market is representing significant growth driven by strong consumer preferences for sustainable plant-based and clean-labeled protein products. Additionally, the European food industries are increasingly incorporating pea flour in bakery products, snacks, and plant-based dairy alternatives as Europe is heavily influenced by regulatory pressures and consumer demand for gluten-free and hypoallergenic ingredients. Pea flour being naturally gluten-free and hypoallergenic is used in innovative baked goods and protein powder, making it an excellent option for consumers with dietary restrictions. Countries such as the UK, Germany, and France are having increased demand for gluten-free, allergen-free, and organic products, positioning pea flour as a desirable alternative. Furthermore, the market is gaining more popularity due to increasing investments by market players resulting in capturing new economic opportunities for pea crops, that benefit ingredient processors, food manufacturers, and consumers.
The pea flour market is rapidly growing in the Asia-Pacific region as a result of growing disposable incomes and the acceptance of plant-based protein diets by health-conscious consumers in nations like China, India, and Japan. Additionally, the demand for healthy food products high in protein has increased due to urbanization and rising middle-class wealth, making pea flour a desirable component of functional foods and drinks. Furthermore, the production of peas and goods derived is being encouraged by the trend toward sustainable agriculture. However, the adoption can be hampered by low consumer knowledge of pea flour and fierce competition from conventional staples like rice and wheat flour.
Although the pea flour business in Latin America is still in its beginning, it is expanding gradually due to rising consumer demand for sustainable and healthful food options. Growing health consciousness and concerns about food security as well as increasing demand for plant-based proteins in nations like Brazil, Argentina, and Chile increases the market growth. additionally, the market penetration is still limited, pea flour is becoming more popular in the organic and gluten-free food industries. Lack of infrastructure for processing peas, erratic farming conditions, and the dominance of conventional crops like soy and maize, reduce the competitiveness of pea flour.
The market for pea flour is moderately expanding in the Middle East and Africa due to the rowing incorporation of vegan diets and plant-based protein sources. Additionally, urbanization and growing disposable incomes are driving demand for more nutrient-dense and healthful food options, such as products free of gluten and other allergens. However, the potential for growth and awareness of pea flour and its benefits remains limited in some regions. Educating consumers and food manufacturers about the advantages of pea flour is crucial for market expansion. Furthermore, the region's market growth is hampered by cultural preferences for traditional grains and flours.
Searching for a Country or Region-Specific Report?
Unlock industry complexities with reports crafted for selected countries and regions at Reduced Cost
Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Pea Flour Market Research Report Covers In-depth Analysis on:
- Pea flour market detailed segments and segment-wise market breakdown
- Pea flour market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in pea flour industry)
- Current, historical, and forthcoming 10 years market valuation in terms of pea flour market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Pea flour market demand analysis
- Pea flour market pricing analysis over the forecast period (by key segment and by region)
- Pea flour market regional insights with the region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the pea flour market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in pea flour market
- Pea flour market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on pea flour market forecast by countries
- Mergers and acquisitions in the pea flour market
- Essential information to enhance market position
- Robust research methodology