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As per the Report, The Dried Peas Market size was estimated to be worth 4.5 billion dollars in 2021, and it is predicted to be worth 6 billion dollars by the end of 2027. During the projection period of 2022 to 2027, the global market is expected to grow at a CAGR of 2.9 percent.

Peas come in several types, including dry peas, maple, yellow, green, green marrowfat, & Austrian winter peas, among which yellow and green peas are commercially developed variants. Pea protein powder is becoming increasingly popular. To accommodate this demand, dried peas makers are launching new products that may be used in ready-to-drink drinks, baked items, and dairy products. It’s a growing trend, as customers want plant-based, healthful, and nutrient-dense diets. Manufacturers of pea protein powders are adopting low allergic as well as protein legume to boost their reputation in the worldwide market for dried peas. These powders are becoming increasingly popular as highly versatile additives. Peas are a readily accessible legume that is inexpensive in cost, nutritious, and healthful when comparable with chickpea, peanuts, and groundnuts, and its use is growing as the world’s population grows. Calcium, b Vitamins, iron, and phosphorus are all abundant in peas. Peas are indeed a cool-season crop that is mostly consumed fresh throughout the winter months. However, be frozen for a longer amount of time, making them available throughout the year. These factors are contributing to the increase in consumption of Dried Peas within processed various industries, resulting in propelling the global Dried Peas ahead, resulting in the market having the highest global Dried Peas Market share.

Impact of COVID-19 on Global Dried Peas market:

The COVID 19 outbreak has a wide range of implications, including hurting consumption and production, interrupting supply chains and marketplaces, and inflicting huge financial losses. COVID-19 posed a major threat to a large number of individuals. The influences of something like the COVID-19 outbreaks were experienced by a sizable proportion of Dried Peas firms in diverse ways, and are now focusing on long-term growth. Dried Peas firms are likely to see potential opportunities when the global Dried Peas as well as other food sectors of the economy so to pump the growth recovery of countries. Except for basic things such as Healthcare and food, all business and industrial operations have been ceased, resulting in an economic catastrophe. Industrial production and manufacturing have ceased to exist, resulting in a drop in business. To accommodate the demand for dried pea goods, hypermarkets and department shops have started offering home delivery via their websites and apps. Since a result, enterprises in the dried peas industry are taking advantage of e-Commerce prospects, as people spend a large amount of time buying online. The supply chain has been interrupted by inactive trade and transportation. Nevertheless, to limit the occurrence of COVID-19, border control of various nations was shut & commercial operations between counties and territories were restricted, ushering in a global economic crisis.

The global Dried Peas Market segmentation includes:

By Nature: Conventional and Organic

Based on nature, the global dried peas market is divided into conventional and organic. Due to changing customer tastes towards more free-form and high-nutrient meals, the organic dried peas market is expected to grow at the fastest rate of 5.5 percent. As far as organic Peas are high in vitamin C, vitamin E, zinc, and other antioxidants, all of which help to boost your immune system. Vitamins A and B, as well as coumestrol, aid to decrease inflammation and minimizing the risk of many diseases like cardiovascular disease, diabetes, and arthritis.

By Product Type: Yellow Peas and Green Peas

Based on product type, the global dried peas market is divided into yellow peas and green peas. Yellow peas have the largest market share, accounting for much more over than 60% of such dried peas market. Yellow split peas are strong in protein and low in fat, and are widely used to produce pea soup or split pea soup, as well as peas pudding, which was popular in mediaeval Europe.

By Application: Household/Retail, Foodservice/HoReCa, Animal Feed, Pharmaceuticals & Supplements, Cosmetics and Personal Care, and Food and Beverage Processing

Based on application, the global dried peas market is divided into Household/Retail, Foodservice/HoReCa, Animal Feed, Pharmaceuticals & Supplements, Cosmetics and Personal Care, and Food and Beverage Processing. Food and beverage has the highest market share, accounting for about 40% of the total. Peas are tiny, spherical, and green when dried, and they are often collected in the summertime. It has a lovely flavour, similar to fresh green peas. These are minimal in calories and have very little salt, fat, or cholesterol. This is commonly used in a variety of recipes in both the home and the restaurant.

By Sales Channel: Direct Sales and Indirect Sales

Based on the sales channel, the global dried peas market is divided into Direct Sales and Indirect Sales. Indirect sales are said to be the dominant one as the peas are coming from the farms and it is distributed to the hyper stores and many other household markets.

https://www.marketdataforecast.com/market-reports/dried-peas-market

Asia Pacific region is expected to be among the most potential areas for the Dried Peas market, Due to the expanding population and urbanization in the area, nearly half of something like the dried peas industry is accounted in this region. The market for dried peas inside the region is increasing as customers become more aware of the need of a balanced diet and the use of micronutrients. Furthermore, the Asia Pacific region Phenolic Boards Market is estimated to grow at a CAGR of 4% over the forecast period.

The North American region holds the larger amount of market share in the global Dried Peas market. This might be due to a growth in production of peas, as well as the increased usage of dried peas to improve different dishes in this region. The growth and development in this region are being held by the countries like the United States, Canada, and Mexico.

The Europe region holds a significant amount of larger share in the global Dried Peas market. Due to considerable demand from the United Kingdom, France, and other European nations, some of the primary reasons propelling the Dried Peas market in The region are technological advancements in growing peas and the industries that are established in this region.

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30th November, 2021: Vestkorn Milling, a manufacturer of pea- and bean-derived products, has agreed to be acquired by DSM for €65 million. According to DSM, the Norwegian firm is well-positioned in the thriving alternative protein sector, delivering proteins, starches, and dietary fibers for plant-based diets, pet food, and animal feed. Vestkorn Milling, based in Tau on Norway’s south-west coast, employs 55 people and exports its ingredients all over the world.

11th November, 2020: Ingredion Incorporated, a prominent worldwide supplier of ingredient solutions to the food and beverage manufacturing business, In this purchase, net sales of pulse-based proteins grains for consumption products as well as animal nutrition applications will expand even further stated that it has reached a settlement with James Cameron & Suzy Amis Cameron to purchase the remaining shares of Verdient Foods Inc. that it did not already hold. The deal was funded with the company’s cash on hand.

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