The Pea Processed Ingredients Market is projected to reach USD 5.0 billion by 2026 with a compound annual growth rate (CAGR) of 10.1%. The market value was estimated to be USD 3.1 billion in 2021. Growth in the demand for pea processed ingredients in the end-user application industries is driving the market growth of pea processed ingredients. Further, increase in the demand for gluten free products is also a major factor resulting to the rise in the demand for pea processed ingredients.

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Key Features of the Pea Processed Ingredients Market:

• High Protein Content: Pea processed ingredients are a rich source of protein and can be used as an alternative to animal-based protein sources.
• Gluten-free: Pea processed ingredients are gluten-free, making them suitable for individuals with celiac disease or gluten intolerance.
• Versatile: Pea processed ingredients can be used in a wide range of applications, including baked goods, snacks, soups, sauces, and meat alternatives.
• Sustainable: The pea plant is highly adaptable to different climatic conditions, making it a sustainable crop for processing into ingredients.
• Allergen-free: Pea processed ingredients are free from common allergens such as soy, dairy, and nuts, making them suitable for individuals with food allergies.
• Low Carb: Pea processed ingredients have a low glycemic index, making them a suitable ingredient for low-carb diets.
• High Fiber: Pea processed ingredients are a good source of dietary fiber, which helps to improve digestion and maintain healthy gut bacteria.
• Environmentally Friendly: The pea plant requires less water and fertilizer than other crops, making it a more environmentally friendly ingredient choice.
• Long Shelf Life: Pea processed ingredients have a long shelf life, making them a convenient and cost-effective ingredient for food manufacturers.
• rowing Demand: The demand for pea processed ingredients is increasing due to the growth of the plant-based and health food markets, providing opportunities for growth and innovation in the pea processed ingredients market.

By application type, the functional food segment is expected to witness the fastest growth during the forecast period

The functional foods considered for the study include infant nutrition, nutritional supplements, dairy products, plant-based yogurt, plant-based creamers, plant-based butter, and other food products fortified with additional nutrients. The incorporation of pea processed ingredients adds to the shelf-life of the functional food products, along with the improvement of the textural and sensory characteristics, owing to their water-binding capacity, gel-forming ability, fat mimetic, anti-sticking, anti-clumping, texturizing, and thickening effects.

By source type, the yellow split peas segment is projected to grow at the fastest CAGR in the pea processed ingredients market until 2026.

The demand for yellow split peas is high owing to presence of high protein content and popularity among the food manufacturers. There is rising production of yellow peas over the years owing to the increasing demand of the same. For instance, according to the 2018 American Pulse Association Data, dry peas rank fourth in terms of the world production of food legumes below soybeans, peanuts, and dry beans. They have also reported that yellow peas and green peas, along with other minor classes, are the most commonly grown, with yellow peas accounting for approximately two-thirds of the US production. Yellow split peas are also regarded as high in fiber and is considered taste neutral thereby resulting to rising application of the same in the food and beverage products.

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North America is estimated to dominate the global pea processed ingredients market over the forecast period.

Consumers in the North American region are gradually shifting their diet preferences and are going vegan due to the health and wellness benefits associated with it. This paradigm shift in food culture is being supported by health & fitness industries, medical communities, celebrities, and athletes, which has bolstered the demand for pea-based food ingredients. The rising incidences of obesity, cardiovascular diseases, and diabetes among the American population have also prompted consumers to adopt vegan diets.