Dried Peas Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the dried peas market, covering market size, segmentation, industry trends, and regional insights. The forecast period spans from 2023 to 2033, highlighting growth opportunities and challenges within the sector.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.10 Billion |
| CAGR (2023-2033) | 4.8% |
| 2033 Market Size | $1.77 Billion |
| Top Companies | Hurst's Foods, Truco Enterprises, The Green Pea Company, Pacific Pea Company |
| Last Modified Date | 15 November 2024 |
Dried Peas Market Overview
What is the Market Size & CAGR of Dried Peas market in 2023?
Dried Peas Industry Analysis
Dried Peas Market Segmentation and Scope
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Dried Peas Market Analysis Report by Region
Europe Dried Peas Market Report:
Europe remains a key player in the dried peas sector, with market growth anticipated from $0.38 billion in 2023 to $0.61 billion in 2033. The European Union's focus on sustainable agriculture and healthy diets amongst consumers is fueling demand, presenting numerous opportunities for producers and suppliers.Asia Pacific Dried Peas Market Report:
The Dried Peas market in Asia Pacific is expected to grow from $0.21 billion in 2023 to $0.33 billion by 2033, driven by increasing demand for plant-based protein sources and rising health consciousness among consumers in countries like India and China. The region is also witnessing growth in the food processing sector, enhancing the usage of dried peas in various food products.North America Dried Peas Market Report:
The North American market for dried peas is forecasted to increase from $0.37 billion in 2023 to $0.59 billion by 2033, largely due to the rising trend of vegan and vegetarian diets and an increasing focus on protein diversification. The US and Canada are leading this trend, with a growing number of companies innovating with dried pea products.South America Dried Peas Market Report:
In South America, the dried peas market is projected to rise from $0.07 billion in 2023 to $0.11 billion in 2033. The growth in this region can be attributed to expanding agricultural capabilities and a shift toward healthier eating habits, encouraging higher consumption of legumes and pulses.Middle East & Africa Dried Peas Market Report:
In the Middle East and Africa, the dried peas market is projected to grow from $0.08 billion in 2023 to $0.13 billion by 2033. The region's growing population and increasing awareness regarding nutrition are contributing factors to the rising consumption of dried peas, with potential growth in value-added products.Request a custom research report for industry.
Dried Peas Market Analysis By Variety
Global Dried Peas Market, By Variety Market Analysis (2024 - 2033)
The market for dried peas is largely driven by the variety segment, with green peas leading the market at $0.72 billion in 2023, projected to reach $1.16 billion by 2033, holding a share of 65.4% throughout the decade. Yellow peas follow with a size of $0.26 billion growing to $0.42 billion, while organic peas are also gaining traction, expected to grow from $0.12 billion to $0.19 billion.
Dried Peas Market Analysis By Processing Method
Global Dried Peas Market, By Processing Method Market Analysis (2024 - 2033)
The processing method segment highlights the dominance of whole dried peas, being valued at $0.94 billion in 2023 and projected to reach $1.52 billion by 2033, representing a significant 85.38% market share. Split dried peas, although smaller, are growing steadily, expected to increase from $0.16 billion to $0.26 billion.
Dried Peas Market Analysis By Application
Global Dried Peas Market, By Application Market Analysis (2024 - 2033)
The applications of dried peas are predominantly in the food industry with a market size of $0.72 billion in 2023, expected to rise to $1.16 billion by 2033 (65.4% share). The animal feed segment accounts for $0.26 billion, projected to reach $0.42 billion, evidencing the versatility of dried peas across sectors.
Dried Peas Market Analysis By Distribution Channel
Global Dried Peas Market, By Distribution Channel Market Analysis (2024 - 2033)
The distribution channels reveal a strong preference for online retail, which commands a significant portion of the market with $0.94 billion in 2023 and projected growth to $1.52 billion by 2033. Offline retail continues to serve the market effectively, although its share is smaller.
Dried Peas Market Analysis By Region
Global Dried Peas Market, By Region Market Analysis (2024 - 2033)
Regional analysis confirms that markets in North America and Europe are leading in volume and value due to higher consumption rates and established supply chains. In contrast, markets in Asia Pacific and the Middle East are witnessing rapid growth due to surging demand for plant-based proteins, highlighting geographic differences in consumer preferences and market dynamics.
Dried Peas Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Dried Peas Industry
Hurst's Foods:
Hurst's Foods specializes in pulse-based food products, including dried peas, focusing on sustainable farming practices and innovation in product development.Truco Enterprises:
Truco Enterprises is engaged in the supply of dried peas globally, emphasizing quality and consistency in product offerings for both the food service and retail sectors.The Green Pea Company:
This company is known for its extensive product range of dried peas and is committed to high standards in agricultural practices and ethical sourcing.Pacific Pea Company:
Pacific Pea Company focuses on organic and non-GMO dried pea products, tapping into the health-conscious market to provide nutritious options.We're grateful to work with incredible clients.
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FAQs
What is the market size of dried Peas?
The global dried peas market was valued at approximately $1.1 billion in 2023 and is projected to grow at a CAGR of 4.8%, reaching a significantly larger market value by 2033.
What are the key market players or companies in this dried Peas industry?
Key players in the dried peas market include major agricultural producers and food processing companies that focus on legumes. Their dominance shapes market trends and innovations.
What are the primary factors driving the growth in the dried peas industry?
Growth in the dried peas industry is driven by increasing health consciousness, the demand for plant-based protein, and expanded applications in food products and animal feed.
Which region is the fastest Growing in the dried peas market?
The fastest-growing region for dried peas is forecasted to be Europe, with market growth from $0.38 billion in 2023 to $0.61 billion by 2033, showing a growing preference for healthy diets.
Does ConsaInsights provide customized market report data for the dried Peas industry?
Yes, ConsaInsights offers customized market report data tailored to specific needs within the dried peas industry, providing insights that cater to individual business strategies.
What deliverables can I expect from this dried Peas market research project?
Deliverables from the dried peas market research project typically include comprehensive reports, detailed market analyses, forecasts, and competitive landscape assessments.
What are the market trends of dried peas?
Market trends include increasing interest in organic varieties and split peas, growth in e-commerce for dried peas, and a shift towards healthier food options, reflecting consumer preferences.