Dried Peas Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Dried peas are defined as peas that are preserved by dehydrating or drying to concentrate the flavor and extend the shelf life. They are used in food preparation, such as pasta, cereals, and soups.

Sizing and Forecast
The dried peas market size has grown strongly in recent years. It will grow from $5.16 billion in 2023 to $5.54 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%.  The growth in the historic period can be attributed to traditional culinary use, long shelf life and storage, culinary versatility, agricultural practices, economic factors, historical trade and distribution.

The dried peas market size is expected to see strong growth in the next few years. It will grow to $7.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.  The growth in the forecast period can be attributed to consumer education and marketing, changing dietary preferences, innovations in processing and packaging, sustainable agriculture practices, growing plant-based diets. Major trends in the forecast period include plant-based protein demand, snacking and convenience, expansion of meat alternatives, sustainable agriculture practices, innovation in product forms.

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Segmentation & Regional Insights
The dried peas market covered in this report is segmented –

1) By Product Type: Yellow Peas, Green Peas
2) By Nature: Conventional, Organic
3) By Application: Household Or Retail, Foodservice Or HoReCa, Animal Feed, Pharmaceuticals And Supplements, Cosmetics And Personal Care, Food And Beverage Processing

Asia-Pacific was the largest region in the dried peas market in 2023. The regions covered in the dried peas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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 a lot of them are shifting towards a vegetarian diet as it would lead to lower blood pressure, and improved cholesterol levels, which reduces the chance of a heart attack and stroke. For instance, in 2021, according to The British Nutrition Foundation, a UK-based company reported that 62% of Britons have changed their diets to become healthier. This has increased the dried peas market for plant-based proteins as well which include, peas, lentils, beans, and soy products.

Key Industry Players
Major companies operating in the dried peas market report are The Kraft Heinz Company, Simplot Company, Ingredion Inc., Roquette Frères S.A., Del Monte Foods Inc., Greenyard Foods NV, TreeHouse Foods Inc., ConAgra Brands Inc., Bonduelle S.A., Keystone Foods LLC, Goya Foods Inc., Seneca Foods Corporation, Premier Foods plc, AGT Food and Ingredients Inc., Conserve Italia S.p.A., Findus France SAS, The Scoular Company, Euroma (Netherlands) BV, C. F. Sauer Company, Cosucra Groupe Warcoing S.A., Meelunie BV, Herba Ingredients Limited, North Bay Trading Company, Vestkorn Milling AS, L.H. Hayward Ltd., Dakota Ingredients LLC, Green Giant Foods LLC, AM Nutrition LLC, Burlingame Foods Inc., Erbsen-Vertriebs-Zentrale eG (EVZ)

The dried peas market report table of contents includes:


1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis


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