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Pea Flour Market Trends

Report ID: GMI12318
Published Date: Nov 2024
Report Format: PDF

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Pea Flour Market Trends

The pea flour industry is witnessing a notable upward trend, driven by the rising demand for plant-based protein and gluten-free alternatives. As consumers become more health-conscious, the nutritional benefits of pea flour such as its high protein content and fiber are gaining recognition. Additionally, the growing popularity of vegan and vegetarian diets has spurred innovation in food products incorporating pea flour, from baked goods to protein bars.

Sustainability concerns further enhance its appeal, as peas require fewer resources to cultivate compared to traditional crops. Furthermore, increased research and development in product formulation are expanding the applications of pea flour across various food sectors. Overall, the market is poised for continued growth, fueled by evolving consumer preferences and dietary trends.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of pea flour reached USD 19.5 billion in 2024 and is set to grow at a 13.5% CAGR from 2025 to 2034, driven by increasing demand for plant-based protein and gluten-free alternatives.

The food and beverages segment reached USD 9.8 billion in 2024 and is projected to expand at a 13.6% CAGR up to 2034, led by the rising consumer preference for healthier, plant-based options.

The U.S. market was valued at USD 4.3 billion in 2024 and is anticipated to witness 13.5% CAGR through 2034, supported by a robust food processing industry and growing consumer interest in plant-based diets.

The key players in the industry include A&B Ingredients, AGT Food and Ingredients, Avena Foods, Barry Farm Foods, Bob's Red Mill, Golden Grain Mills, Grain Millers, Ingredion, Midlands Holdings, and Murlidhar Industries.