Micronized Pea Flour Market Size, Share, Growth, and Industry Analysis, By Type (Micronized Yellow Pea Flour, Micronized Green Pea Flour), By Application (Bakery & Snacks, Dietary, Supplements, Beverages, Feeds, Others), Regional Insights, and Forecast To 2032

Micronized Pea Flour Market Report Overview

• 

•  Request a Free Sampleto learn more about this report

global micronized pea flour market size was USD 215.4 million in 2022 and market is projected to touch USD 382.10 million by 2032 at CAGR 5.9% during the forecast period.

Micronized pea flour, which is made from green and yellow peas, is increasingly used as an essential component of food on the international market. Dermatitis herpetiformis, celiac illness, disorders of the digestive system, and other health issues are brought on by gluten. The global market for gluten-free foods has now been opened up by this. Dermatitis herpetiformis, celiac illness, disorders of the digestive system, and other health issues are brought on by gluten. As a result, the market's growth is ultimately boosted by the fast rising demand for gluten-free foods including pea flour.

During the projected period, consumers' increasing preference of yellow micronized pea flour is anticipated to propel the micronized pea flour market share rate. Yellow pea flour is an important source of photoprotein and carbohydrates. Additionally, it has therapeutic appearances, which aids in the market's expansion. They have little fat and a lot of protein, fiber, and antioxidants. Additionally, it has been noted that eating whole pulses reduces blood glucose levels after meals. It works nicely in cookie, scone, pancake, and other baked goods recipes. Consequently, there will be a rise in demand from consumers for yellow pea flour, which will accelerate market expansion.

COVID-19 Impact: Interruption in Services to Deplete Market Growth

The COVID-19 pandemic has been unprecedented and staggering on the market, experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 outbreak has significantly constrained the micronized pea flour market growth in 2020 as the supply chains were impacted by trade restrictions and demand fell as a result of lockdowns enforced by governments around the world. A viral illness called COVID-19 causes symptoms associated with the flu including fever, coughing, and breathing difficulties. Manufacturers of food and beverages rely on the availability of essential components from local and foreign vendors. Manufacturers were forced to suspend production due to a shortage of micronized pea flour raw materials as several governments imposed restrictions on the flow of products locally and internationally. The drop was also impacted by trade restrictions on non-essential items and concerns about contamination coming from manufacturing plants.

LATEST TRENDS 

"Product Gluten Free Status to Stimulate Market Development  "

The use of both rice and wheat flour is predicted to decline due to market players' increased attention on consumer health, which will favorably affect the market for pea flour. Market growth is projected to be boosted by the product's gluten-free status, ability to extend food's shelf life, and ability to improve food's texture. Pea flour enhances the food's overall nutritional value, which is anticipated to lead to an increase in demand for this flour on the international market.

Micronized Pea Flour Market Segmentation

• 

•  Request a Free Sample to learn more about this report

• By Type

Based on type; the market is divided into micronized yellow pea flour, micronized green pea flour

Micronized yellow pea flour is the leading part of the type segment.

• By Application

Based on the application; the market is divided into bakery & snacks, dietary supplements, beverages, feeds, others

Bakery & snacks is the leading part of the application segment.

DRIVING FACTORS

"Growing Trend of Clean Label Products to Aid Market Expansion  "

With more farms producing certified organic peas and a growing trend toward clean label products, the market for pea flour has grown quickly, which is typically ascribed to rising demand for organic goods including organic pea flour. As more people choose natural goods with fewer additives and chemicals, such organic pea flour, the trend toward clean label items is growing. Therefore, rising demand for natural pea flour will open up profitable chances for market expansion.

"Associated Health Benefits of the Flour to Foster Industry Progress "

During the forecast period, it is predicted that demand for pea flour would rise due to the presence of a variety of essential ingredients, including sodium, selenium, iron, potassium, and magnesium. Utilization of pea flour helps to reduce health issues including diabetes, heart disease, cancer, and obesity, which boosts consumption and provides plenty of prospects for market expansion.

RESTRAINING FACTORS

"Accessibility of Other Organic Components to Limit the Market Evolution "

The micronized pea flour market may be hampered by the accessibility of other natural and organic protein components. The increased demand for flours derived from oil-seed or nut sources including soy, hemp, and almonds may impede the market's growth. Furthermore, pea flour is extremely difficult to digest, which could be a major hindrance to the market's growth throughout the forecast period.

Micronized Pea Flour Market Regional Insights

• 

•  Request a Free Sample to learn more about this report

"Rise in Public Health Awareness in Asia Pacific to Support Market Advancement "

However, during the projected period, the Asia Pacific region is anticipated to increase at the greatest CAGR. The region is supporting the pea flour market because of the substantial infrastructures for food processing activities and growing populations in these regions. China is the industry's most dominant player in 2021 and is expected to remain so for the duration of the forecast. China has tremendous potential within Asia Pacific as a result of a rise in public health awareness. The prevalence of diseases including celiac disease, being overweight, and other conditions is also on the rise in this area, which will benefit the flour market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

LIST OF TOP MICRONIZED PEA FLOUR COMPANIES

• AGT Food and Ingredients (U.S.)
• Avena Foods (U.S.)
• George F. Brocke & Sons (U.S.)
• MartinoRossi (U.S.)
• Vestkorn (Norway)
• Healthy Food Ingredients (U.S.)
• Exeller NV (U.K.)
• Herba Ingredients (Netherlands)
• Gemef Industries (France)
• Novofarina (U.K.)
• Micronizing Company UK (U.K.)
• Masham Micronized Feeds (U.K.)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.