Pea Flakes Market: By Type (Green Pea and Yellow Pea), By Nature (Organic and Conventional), By Application (Animal Feed, Food Processing Aqua Foods, Households, and Others), By Distribution Channel (Retail Store, Hypermarket/Supermarket, E-Commerce) and Geography

Pea Flakes Market was valued at USD 1,984.6 million in 2023 and is poised to grow at a 12.2% CAGR from 2024 to 2030. Pea flakes are a healthy supplementary food that contains vital minerals and amino acids including lysine, The increasing development of food delicacies, also rising health awareness among people is the major factor for the growth of the market. yellow pea flakes are rich in protein and other nutritional essentials. A 100 gram of yellow pea flake consists of 120 calories, less than 1 gram of fat, 12 grams of protein, 2.5 mg of sodium, and no cholesterol.

Green pea flakes are also high in nutritional content and are widely accepted across the world, it contains carbohydrates, proteins, dietary fibers, and zero cholesterol. It is predicted that a rise in awareness about nutritional value, a rise in the popularity of pea flakes in the market, and antioxidant properties will drive the market. High-rich dietary fibers also contain amino acids that help fulfill the nutritional value of the body which create various opportunity in the pea flakes market. The availability of low-cost alternatives and negative reviews about the products are the major restraints in the pea flakes market. Geographically, North America held the major market share in 2022 and is expected to dominate the pea flakes market in the forecasted years.

Pea Flakes Market Key Developments:

• In January 2022, Benson Hill, Inc., a US-based provider of crop design platforms acquired ZFS Creston LLC for an undisclosed amount. With this acquisition, Benson Hill will be in a better position to supply a portfolio of improved ingredients as an inventive solution to obstacles in the fast-expanding but capacity-constrained plant-based movement. ZFS Creston LLC is a US-based producer of food-grade pea flake and soy flour.
• In December 2021, Gold & Green, a Finland-based Finnish food technology company launched protein granules and protein flakes made from oat bran, pea, and fava bean protein. The plant-based ingredients have a neutral flavor profile and texture that can be adjusted to fit different uses. They have fiber, potassium, and iron, and are a rich source of protein.