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    Field Peas Market

    ID: MRFR/AGR/5860-CR
    114 Pages
    Snehal Singh
    January 2019

    Field Peas Market Research Report By Type (Green Field Peas, Yellow Field Peas, Maple Field Peas, Dried Field Peas), By Application (Food Products, Animal Feed, Snack Foods, Pet Foods), By Form (Whole Peas, Split Peas, Flour, Canned Peas), By Distribution Channel (Online Retail, Supermarkets, Specialty Stores, Wholesale) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) - Forecast to 2032.

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    Field Peas Market Summary

    As per Market Research Future Analysis, the Global Field Peas Market was valued at 2.97 USD Billion in 2022 and is projected to grow to 4.1 USD Billion by 2032, with a CAGR of 3.27% from 2024 to 2032. The market is driven by rising demand for plant-based proteins, sustainable agricultural practices, and the expansion of food processing industries. Health-conscious consumers are increasingly adopting field peas due to their high protein and fiber content, aligning with the growing trend towards vegetarian and vegan diets. Innovations in agricultural technology and product development are further enhancing market opportunities.

    Key Market Trends & Highlights

    Key trends driving the Field Peas Market include health awareness, sustainability, and product innovation.

    • Field Peas Market Size in 2023: USD 3.07 Billion; expected to reach USD 4.1 Billion by 2032.
    • Green Field Peas projected to grow from USD 0.792 Billion in 2023 to USD 0.941 Billion by 2032.
    • Dried Field Peas segment expected to increase from USD 1.222 Billion in 2023 to USD 1.916 Billion by 2032.
    • North America Market Size in 2023: USD 1.02 Billion; projected to rise to USD 1.38 Billion by 2032.

    Market Size & Forecast

    2022 Market Size USD 2.97 Billion
    2023 Market Size USD 3.07 Billion
    2032 Market Size USD 4.1 Billion
    CAGR (2024-2032) 3.27%

    Major Players

    Bunge Limited, AGT Food and Ingredients, Dahlia Foods, Dawson Products, Pea Protein International, Tera's Whey, Olam International, Pinnacle Foods, Blue Diamond Growers, Cargill, ADM, Ebro Foods, Van Drunen Farms, Nutra Foods, Ceres Ag Corp.

    Field Peas Market Trends

    Several factors are responsible for the growth of the Field Peas Market. One of the reasons for the surge in demand amongst consumers is the awareness of the health benefits associated with veganism. Since field peas are high in protein, fiber and other essential nutrients, they have become popular among the health-conscious population. Furthermore, the popularity of vegetarian and vegan diets further stimulates this growth. As well, increasing interest in eco-friendly farming practices leads farmers to grow more legumes, such as field peas, since they are beneficial for the soil and enhance biodiversity.

    Other opportunities in the market include the possibility of new product development.

    Additionally, the market is seeing a boost from brands focused on transparency, providing detailed information about sourcing and production processes to build consumer trust. Innovations in agricultural technology are also enhancing the efficiency of field pea production, allowing for better yields and reduced waste. As consumer preferences continue to shift towards healthier and more sustainable options, the field peas market remains poised for expansion.

    The Global Field Peas Market appears to be experiencing a notable shift towards increased demand driven by rising consumer preferences for plant-based protein sources and sustainable agricultural practices.

    United States Department of Agriculture (USDA)

    Field Peas Market Drivers

    Global Trade Dynamics

    The Global Field Peas Market Industry is influenced by global trade dynamics, which affect the supply and demand balance of field peas. Trade agreements and tariffs can impact the availability and pricing of field peas in various regions. Countries that are major producers of field peas, such as Canada and the United States, play a crucial role in the global supply chain. As international trade continues to evolve, fluctuations in demand from importing countries may create opportunities for market expansion. The Global Field Peas Market Industry must navigate these complexities to optimize production and distribution strategies, ensuring that they meet the needs of a diverse global consumer base.

    Market Growth Projections

    The Global Field Peas Market Industry is poised for substantial growth, with projections indicating a market value of 3.19 USD Billion in 2024 and an anticipated increase to 4.52 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 3.21% from 2025 to 2035. Such projections highlight the increasing recognition of field peas as a valuable crop within the agricultural sector. Factors contributing to this growth include rising consumer demand for plant-based proteins, innovations in food processing, and supportive agricultural practices. The Global Field Peas Market Industry appears well-positioned to capitalize on these trends, potentially leading to a robust and sustainable market landscape.

    Innovations in Food Processing

    Innovations in food processing technologies are transforming the Global Field Peas Market Industry by enhancing the versatility and appeal of field peas. Advances in processing methods, such as extrusion and fermentation, allow for the development of diverse products, including plant-based meat alternatives and protein-enriched snacks. These innovations not only improve the sensory attributes of field peas but also extend their shelf life, making them more accessible to consumers. As the food industry continues to evolve, the incorporation of field peas into new product lines is expected to drive market growth. This trend aligns with the increasing consumer preference for innovative and convenient food options within the Global Field Peas Market Industry.

    Expansion of Agricultural Practices

    The Global Field Peas Market Industry benefits from the expansion of agricultural practices that promote the cultivation of field peas. Farmers are increasingly adopting sustainable farming techniques that enhance soil health and reduce environmental impact. This shift is likely to lead to higher yields and improved quality of field peas, thereby meeting the growing demand. Additionally, government initiatives aimed at supporting legume cultivation, including field peas, are expected to bolster production levels. As a result, the market is projected to grow, with estimates indicating a rise to 4.52 USD Billion by 2035. This expansion reflects a broader commitment to sustainable agriculture within the Global Field Peas Market Industry.

    Health Benefits and Nutritional Value

    The nutritional profile of field peas, which includes high protein content, dietary fiber, and essential vitamins, is a significant driver for the Global Field Peas Market Industry. As consumers become more health-conscious, the demand for nutrient-dense foods is increasing. Field peas are recognized for their potential health benefits, including improved digestive health and weight management. This growing awareness is likely to enhance market penetration, as food manufacturers incorporate field peas into various products, from snacks to protein powders. The anticipated compound annual growth rate of 3.21% from 2025 to 2035 further underscores the potential of the Global Field Peas Market Industry in catering to health-oriented consumers.

    Rising Demand for Plant-Based Proteins

    The Global Field Peas Market Industry is experiencing a notable surge in demand for plant-based proteins, driven by increasing consumer awareness regarding health and sustainability. Field peas, rich in protein and essential nutrients, serve as a viable alternative to animal-based proteins. In 2024, the market is projected to reach 3.19 USD Billion, reflecting a growing trend among consumers seeking healthier dietary options. This shift is further supported by the rising popularity of vegetarian and vegan diets, which are anticipated to contribute significantly to market growth. As consumers prioritize sustainable food sources, the Global Field Peas Market Industry is well-positioned to capitalize on this trend.

    Market Segment Insights

    Field Peas Market Type Insights  

    The Field Peas Market is an evolving sector that reached a valuation of 3.07 USD Billion in 2023, growing significantly over the coming years. In this market segment, several types of field peas are recognized, including Green Field Peas, Yellow Field Peas, Maple Field Peas, and Dried Field Peas, each contributing to the overall landscape with varying degrees of market share and growth potential. Green Field Peas, valued at 0.792 USD Billion in 2023, is one of the prominent types, reflecting a robust demand for fresh and frozen products in culinary applications.

    The projected increase to 0.941 USD Billion by 2032 reinforces their major role in the consumption trends, likely driven by rising health awareness and a shift towards plant-based diets. In contrast, Yellow Field Peas account for a market value of 0.717 USD Billion in 2023, with expectations of reaching 0.84 USD Billion in 2032, making them significant due to their wide use in soups, snacks, and vegan products. Their nutritional profile further enhances their appeal, catering to the growing preference for protein-rich alternatives.

    Maple Field Peas, with a lower market value of 0.339 USD Billion in 2023 and projected to reach 0.403 USD Billion by 2032, represent a niche segment largely focused on specific processing and culinary uses, which, while smaller, showcases unique applications that can capture dedicated consumer bases.

    Meanwhile, the Dried Field Peas segment is noteworthy, commanding a valuation of 1.222 USD Billion in 2023 and is anticipated to grow to 1.916 USD Billion by 2032. This segment dominates the market largely due to its versatility and widespread applications across different cuisines and its inherent shelf-stability, making it a preferred choice for consumers and manufacturers alike. The Field Peas Market segmentation illustrates not only the distinct types available but also the significant trends shaping the industry's growth, including increasing health consciousness, the prevalence of plant-based diets, and the imperative for sustainable agricultural practices.

    These insights from the Field Peas Market data articulate the dynamic nature of the industry and the opportunities available for further development and innovation within each type of segment, reinforcing the necessity for focused strategies to tap into the diverse consumer preferences and expanding market growth. The contrasting trajectories of each type indicate a competitive landscape where specific attributes drive market performance, presenting both challenges and opportunities for stakeholders.

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Field Peas Market Application Insights  

    The Field Peas Market, valued at 3.07 USD Billion in 2023, exhibits significant opportunities across its Applications segment, primarily driven by the increasing demand for plant-based food products, animal feed, snack foods, and pet foods. As consumers become more health-conscious, there is a growing inclination towards nutritious food options, which supports the expansion of food products made from field peas. Additionally, the animal feed segment plays a crucial role, as field peas offer high protein content, making them an essential component in livestock diets and reinforcing their dominance in the market.

    Snack foods leveraging field peas are gaining traction due to the rising trend of healthy snacking. Meanwhile, the pet food sector is witnessing an upswing as pet owners seek high-quality ingredients, further boosting the market for field peas. The interplay of these factors contributes to the overall growth and segmentation of the Field Peas Market as it adapts to evolving consumer preferences and dietary trends.

    Field Peas Market Form Insights  

    The Field Peas Market is projected to reach a valuation of 3.07 billion USD in 2023 and is expected to see notable growth in the coming years. With a focus on the Form segment, the market has identified key categories, including Whole Peas, Split Peas, Flour, and Canned Peas. Whole Peas are recognized for their versatility in various culinary applications and health benefits, facilitating their significant contribution to the market. Split Peas are predominantly utilized in soups and are favored for their quick cooking properties, which enhances their appeal among consumers.

    Flour made from field peas is gaining traction in the gluten-free market as a healthier alternative to traditional flours, reflecting the rising demand for alternative protein sources. Canned Peas cater to the convenience-seeking demographic, providing a quick and nutritious option for meals. With the increasing awareness of health benefits and plant-based diets, the Field Peas Market statistics reflect a gradual shift towards these forms, driving overall market growth and creating numerous opportunities for product innovation and expansion.

    The industry is outlined by both challenges and opportunities as it navigates changing consumer preferences and competitive dynamics in the food sector.

    Field Peas Market Distribution Channel Insights  

    The Field Peas Market has shown a notable progression through its various Distribution Channels, poised for significant growth. As of 2023, the market was valued at approximately 3.07 USD Billion, with a projected growth trajectory leading to 4.1 USD Billion by 2032. This rising trend highlights the increasing consumer demand for field peas across different retail platforms. Notably, online retail has emerged as a critical channel, capitalizing on the enhanced accessibility and convenience it offers consumers. Supermarkets play a vital role as well, serving as a primary source for shoppers seeking fresh produce, thus significantly impacting the market's visibility.

    Specialty stores cater to niche markets, developing brand loyalty among health-conscious consumers. Moreover, wholesale channels are essential for bulk distribution, ensuring that retailers have an adequate supply of field peas for their inventory. Together, these channels reflect the diverse purchasing preferences driving the Field Peas Market revenue, contributing to its ongoing expansion and presenting various growth opportunities for stakeholders in this industry. Moreover, market trends indicate a shift toward healthier eating habits, presenting additional openings for markets focusing on plant-based proteins like field peas.

    Get more detailed insights about Field Peas Market Research Report — Global Forecast till 2032

    Regional Insights

    The Field Peas Market revenue is projected to experience notable growth across various regional markets, reflecting diverse consumption patterns and agricultural practices. In North America, the market holds a significant share, valued at 1.02 USD Billion in 2023 and expected to rise to 1.38 USD Billion by 2032, indicating its dominant role due to favorable cropping conditions and high demand among consumers. Europe closely follows, with a valuation of 0.78 USD Billion in 2023, rising to 1.03 USD Billion, driven by an increasing emphasis on plant-based protein sources.

    The APAC region contributed 0.85 USD Billion in 2023 and is expected to reach 1.14 USD Billion by 2032, highlighting growing consumer awareness and demand for healthy food options. South America, while comparatively smaller at 0.31 USD Billion in 2023, forecasts a steady growth to 0.41 USD Billion, supported by expanding agricultural initiatives. The MEA region, valued at 0.11 USD Billion, is anticipated to see a modest rise to 0.13 USD Billion as market players recognize potential opportunities in emerging markets.

    This segmentation underscores the Field Peas Market dynamics, revealing opportunities correlated with shifting consumer preferences across regions, bolstering market growth.

    Field Peas Market Research Report By Regional

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The Field Peas Market is characterized by its diverse dynamics and competitive landscape, driven by several key players vying for a share in this growing sector. As demand for plant-based protein sources continues to rise, the market has seen increased participation from both established agricultural firms and innovative newcomers. Competitive insights reveal that companies are focusing on enhancing their product offerings, optimizing their supply chains, and expanding their market reach through strategic partnerships and acquisitions.

    Factors such as regional availability of raw materials, advancements in farming technology, and consumer preferences towards sustainable agriculture practices further shape the competitive dynamics in this market. As more consumers and manufacturers recognize the nutritional benefits of field peas, competition is expected to intensify, thus providing a fertile ground for innovation and growth.

    Bunge Limited has established a significant presence in the Field Peas Market, leveraging its robust supply chain capabilities and extensive distribution network. The company's strengths lie in its commitment to producing high-quality products that meet the evolving needs of consumers and the food industry. Bunge Limited prioritizes sustainable agriculture practices, which resonate well with the growing demand for environmentally friendly food sources. Its operations enable the company not only to source field peas from various regions but also to respond swiftly to market fluctuations.

    The organization invests in research and development to enhance product quality and develop new applications for field peas, thereby reinforcing its competitive position in the market. Furthermore, Bunge Limited's strategic alliances and partnerships with farmers and suppliers contribute to maintaining a steady supply of raw materials, ensuring it can meet customer needs effectively.

    AGT Food and Ingredients also plays a pivotal role in the Field Peas Market, showcasing a strong repertoire of products and a focus on innovation. The company's comprehensive approach includes sourcing high-quality peas and other pulses while emphasizing value-added processing techniques that cater to diverse customer requirements, particularly in food manufacturing and ingredient supply. AGT Food and Ingredients capitalizes on its extensive distribution network and market knowledge, positioning itself as a leader in the field peas segment. The company is recognized for its commitment to quality and sustainability, which aligns with current consumer trends and preferences in healthy eating.

    AGT continues to invest in developing new product lines as well as enhancing its operational efficiency, which allows the firm to maintain its competitive edge and adapt to the changing landscape of the food market. This adaptability ensures that AGT Food and Ingredients is well-equipped to respond to challenges and seize opportunities within the Field Peas Market.

    Key Companies in the Field Peas Market market include

    Industry Developments

    Recent developments in the Field Peas Market have shown a growing interest in the nutritional benefits of field peas, particularly their protein content, which supports demand from companies like AGT Food and Ingredients and Pea Protein International. Bunge Limited and Cargill have been expanding their operations to cater to the increasing consumer interest in plant-based proteins. Additionally, Olam International is investing in new technologies to improve field pea processing efficiency, while ADM has been focusing on sustainable sourcing practices. Companies such as Blue Diamond Growers are exploring new product lines featuring field peas, further driving market interest.

    In terms of mergers and acquisitions, there have been reports of strategic partnerships among companies to enhance supply chains and product offerings. Notable growth in the market valuation of these companies reflects a robust consumer shift towards healthy and plant-based food options, consequently expanding market reach and influencing pricing strategies. The market is responding positively to these developments, indicating a potentially lucrative future for stakeholders within the industry.

    Future Outlook

    Field Peas Market Future Outlook

    The Global Field Peas Market is projected to grow at a 3.21% CAGR from 2024 to 2035, driven by increasing demand for plant-based proteins and sustainable agricultural practices.

    New opportunities lie in:

    • Expand product lines to include organic field peas targeting health-conscious consumers.
    • Invest in technology for improved yield and pest resistance in field pea cultivation.
    • Develop strategic partnerships with food manufacturers to enhance market penetration of field pea products.

    By 2035, the Global Field Peas Market is expected to achieve robust growth, reflecting evolving consumer preferences and sustainable practices.

    Market Segmentation

    Field Peas Market Form Outlook

    • Online Retail
    • Supermarkets
    • Specialty Stores
    • Wholesale

    Field Peas Market Type Outlook

    • Food Products
    • Animal Feed
    • Snack Foods
    • Pet Foods

    Field Peas Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia-Pacific
    • Middle East and Africa

    Field Peas Market Application Outlook

    • Whole Peas
    • Split Peas
    • Flour
    • Canned Peas

    Field Peas Market Distribution Channel Outlook

    • North America
    • Europe
    • South America
    • Asia-Pacific
    • Middle East and Africa

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 2.97(USD Billion)
    Market Size 2023 3.07(USD Billion)
    Market Size 2032 4.1(USD Billion)
    Compound Annual Growth Rate (CAGR) 3.27% (2024 - 2032)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2023
    Market Forecast Period 2024 - 2032
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled Bunge Limited, AGT Food and Ingredients, Dahlia Foods, Dawson Products, Pea Protein International, Tera's Whey, Olam International, Pinnacle Foods, Blue Diamond Growers, Cargill, ADM, Ebro Foods, Van Drunen Farms, Nutra Foods, Ceres Ag Corp
    Segments Covered Type, Application, Form, Distribution Channel, Regional
    Key Market Opportunities Rising plant-based protein demand, Expanding health-conscious consumer base, Increasing popularity in gluten-free diets, Growth in animal feed applications, Enhancements in field pea crop yield
    Key Market Dynamics growing demand for plant-based proteins, increasing health consciousness among consumers, expanding agricultural sustainability practices, rising export opportunities, fluctuation in pricing and availability
    Countries Covered North America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    What is the projected market size of the Field Peas Market by 2032?

    The Field Peas Market is projected to be valued at 4.1 USD Billion by 2032.

    What is the expected CAGR for the Field Peas Market from 2024 to 2032?

    The expected CAGR for the Field Peas Market from 2024 to 2032 is 3.27%.

    What is the market value for Dried Field Peas by the year 2032?

    The market value for Dried Field Peas is expected to reach 1.916 USD Billion by 2032.

    Who are the major players in the Field Peas Market?

    Some major players in the Field Peas Market include Bunge Limited, AGT Food and Ingredients, and Cargill.

    What is the value of the Yellow Field Peas segment in 2023?

    The Yellow Field Peas segment is valued at 0.717 USD Billion in 2023.

    Which type of field peas is expected to show significant growth between 2024 and 2032?

    Dried Field Peas is expected to show significant growth, increasing from 1.222 USD Billion in 2023 to 1.916 USD Billion in 2032.

    What is the anticipated market size for APAC in the Field Peas Market in 2032?

    The anticipated market size for APAC is expected to be 1.14 USD Billion in the Field Peas Market by 2032.

    What opportunities exist for growth in the Field Peas Market?

    Opportunities for growth in the Field Peas Market stem from rising consumer demand for plant-based protein sources.

    Field Peas Market Research Report — Global Forecast till 2032 Infographic
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