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Pea Flour Market Growth And Trends Analysis-2023
Pea Flour Market overview:
The Pea Flour Market was valued at $17.9 billion in 2023 and is estimated to reach $50.3 billion by 2028, with a CAGR of 17.9% from 2023 to 2028.
Pea flour is the flour made from roasted field peas. The roasting raises the food's nutritional worth. Protein makes up 28% of it. Peas are ground three times in a stone mill, powered by water, in the conventional method. The caramelization that occurs during the roasting process gives the flour its brownish-yellow hue. Its texture ranges from fine to firm. Pea flour is utilized in many different operations, including baking, cereals, and a lot of other things. mostly utilized in the creation of low-carb cuisine. Pasta, chips, biscuits, energy bars, and pet food are all being made with pea flour.
Pea Flour Market Drivers and Restraints:
The rise in customer demand for buying pea flour throughout the predicted period is what is driving the market expansion for pea flour. Pea flour is a medical additive that is a great source of photoprotein and carbs. The market is expanding because of the low fat level and high protein, fiber, and ...
... antioxidant content. The level of glucose after meals will be reduced if the entire pulse is consumed, which is an additional benefit. Scones, pancakes, cookies, batters, and certain other baked items can all benefit from its use. As a result, customer demand is what is fueling the market's expansion.
Growing consumer health awareness and rising consumption of wheat and rice flour will be impacted, which will favorably impact the growth of the pea flour market. The shelf-life and texture of food may be improved by gluten-free natural and pea flour goods, which is speeding up the expansion of the pea flour market. The pea flour market is expected to have rising demand due to the availability of complete nutritional value over the forecast period.The availability of substitute products, such as organic and common protein ingredients, is limiting the market's need for pea flour. It is also anticipated that rising demand for flours made from oils and nuts, such as soy, hemp, and almonds, will restrain market expansion Pea flour is more difficult to digest than other types of flour, which is expected to limit market demand.
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The report is segmented as follows:
The Pea Flour Market is segmented by Category; the Market is segmented by Type of Peas; the Market is segmented by Application; the Market is segmented by Distribution Channel:
• By Category (Organic, Inorganic)
• By Type of Peas (Green, Yellow, Maple, Marrowfat)
• By Application (Food and Beverages, Animal Feed, Household/Retail, Commercial)
• By Distribution Channel (Direct, Indirect)
Regional Segmentation:
Due to its extensive food processing sector and rising celiac disease incidence, the Asia-Pacific region will continue to hold the lion's share of the global pea flour market throughout the forecast period. People in China are concerned about their health when it comes to the food goods that dominate the local market. Due to the rising consumption of food products made from peas in some countries, including the U.S., North America is predicted to expand at a faster rate. The rise in demand is also influenced by the rise in pea-based food products in the American region. A developing market for pea flour is Europe. The German region is expanding rapidly across Europe as a result of the rise in consumer health consciousness. Increases in the prevalence of diseases like celiac, obesity, and other conditions are accelerating market growth.
Impact of the COVID-19 pandemic on the market:
The COVID-19 epidemic has had a substantial effect on the market for pea flour. The manufacturing and processing of pea flour have been hampered by the lockdown. Operations in the mills and other sectors that use pea flour as a raw material are disrupted as a result of the logistics problems. During the pandemic, pea flour's demand increased as a result of its high nutritional value and protein content.
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