Dublin, Dec. 10, 2021 (GLOBE NEWSWIRE) -- The "Dried Peas Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
The global dried peas market is expected to grow from $4.01 billion in 2020 to $4.37 billion in 2021 at a compound annual growth rate (CAGR) of 9.12%.
The growth is mainly due to increasing number of people shifting to veganism and increasing health conscious customers. The market is expected to reach $5.58 billion in 2025 at a CAGR of 6.29%.
Dried peas companies are increasingly offering pea protein based powder which can be incorporated in ready-to-drink beverages, baked goods, and dairy foods. Pea protein has a higher concentration of protein and well-balanced profile of amino acids and can be used as a substitute for egg protein in products such as mayonnaise and as an alternative to soy and wheat gluten. For instance, in 2019, US based food company, Cargill launched a new versatile pea protein powder Radipure, which is made from non-GMO (Genetically Modified Organisms) dried peas.
The increasing number of individuals preferring a healthy lifestyle is expected to propel the growth of the dried peas market in the coming years. A healthy lifestyle in people nowadays helps fight illness, focuses on a strong immune system to prevent fight infections, and more energy.
In recent years, people have been taking care of their health and hence lot of them are shifting towards a vegetarian diet as it would lead to lower blood pressure, improved cholesterol levels, which reduces the chance of a heart attack and stroke. For instance, according to FMCG Gurus 2020 survey report, 59% of consumers around the world have become more conscious about their health. This has increased the market for plant-based proteins as well which include, peas, lentils, beans, and soy products.
The countries covered in the Dried Peas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider dried peas market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The dried peas market section of the report gives context. It compares the dried peas market with other segments of the dried peas market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, dried peas indicators comparison.
Companies Mentioned
- Vestkorn Milling AS
- AGT Food and Ingredients
- Cosucra Groupe Warcoing S.A.
- Dakota Ingredients
- Goya Foods Inc.
- Ingredion Inc.
- Roquette Freres
- The Scoular Company
For more information about this report visit https://www.researchandmarkets.com/r/t391o9
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