The Yellow Peas Market size was estimated at USD 1.1 billion in 2023 and is projected to reach USD 1.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2024-2030).

Yellow Peas Market

Market Summary

The yellow peas market is a significant segment within the global food and beverages industry, primarily driven by the increasing demand for plant-based protein sources. Yellow peas are widely recognized for their nutritional benefits, including high protein, fiber, and essential vitamin content, making them a popular ingredient in various food products. The market is characterized by a robust supply chain, with major producing countries including Canada, Russia, and the United States, which collectively contribute to a substantial portion of the global yield. The versatility of yellow peas allows for diverse applications, ranging from human consumption in forms such as flour, splits, and whole peas to industrial uses in animal feed and bio-based products. Growing consumer awareness regarding health and sustainability is further propelling the adoption of yellow pea-based products, positioning this market for continued expansion. Key industry participants are focusing on innovation and product development to cater to evolving consumer preferences, thereby enhancing market dynamics.

Key Highlights

The yellow peas market is distinguished by several key highlights that underscore its growth and relevance. One prominent aspect is the rising trend of veganism and flexitarian diets, which has amplified the demand for plant-based proteins, with yellow peas serving as a critical raw material for numerous alternative protein products. Additionally, the market benefits from the inherent advantages of yellow peas, such as their non-GMO status, gluten-free nature, and low allergenicity, which align with modern dietary trends. The expansion of the food processing industry, particularly in emerging economies, is facilitating the incorporation of yellow peas into a wide array of food items, including snacks, bakery products, and meat analogues. Furthermore, strategic initiatives by leading companies, such as investments in processing technologies and sustainable sourcing practices, are enhancing product quality and supply chain efficiency. These factors collectively highlight the market's potential and its alignment with contemporary consumer and industry shifts.

Drivers, Opportunities & Restraints

The yellow peas market is propelled by several drivers, including the increasing consumer inclination towards healthy and sustainable food choices, which boosts the demand for plant-based ingredients. The growing prevalence of lifestyle diseases has also encouraged the adoption of nutritious diets, wherein yellow peas play a vital role due to their health benefits. Opportunities in this market are abundant, particularly in the development of innovative food products and the expansion into new geographical regions with rising health consciousness. The use of yellow peas in the animal feed industry presents another significant opportunity, driven by the need for high-protein feed ingredients. However, the market faces restraints such as fluctuating climatic conditions affecting crop yields and price volatility, which can impact supply stability. Additionally, competition from other plant-based proteins like soy and lentils may pose challenges. Addressing these restraints through improved agricultural practices and diversification can help in sustaining market growth.

Concentration Insights

The yellow peas market exhibits a concentrated production landscape, with a few countries dominating global output. Canada stands as the largest producer and exporter, leveraging its vast agricultural land and advanced farming techniques to maintain high yield levels. Russia and the United States are other key contributors, with significant production capacities that support both domestic consumption and international trade. This concentration influences global supply dynamics and pricing, as production fluctuations in these regions can have widespread effects. On the consumption side, regions such as Asia Pacific, particularly India and China, are major importers and consumers, driven by traditional dietary habits and growing population needs. The market's concentration necessitates strategic partnerships and trade agreements to ensure supply chain resilience. Companies are also exploring opportunities in emerging production regions to diversify sources and mitigate risks associated with geographical concentration.

Type Insights

In the yellow peas market, products are primarily categorized into whole yellow peas and split yellow peas, each serving distinct applications and consumer preferences. Whole yellow peas are often used in traditional dishes, soups, and stews, valued for their texture and ability to retain shape during cooking. Split yellow peas, on the other hand, are commonly utilized in purees, dal preparations, and as a base for various food products due to their quicker cooking time and ease of processing. The market also sees emerging product forms such as yellow pea flour and protein isolates, which are gaining traction in the health food and beverage sectors. These diversified types cater to a broad spectrum of culinary needs and industrial applications, enhancing the market's versatility. Innovation in processing techniques is further expanding the range of available products, meeting the demands of both retail and industrial consumers.

Application Insights

The application of yellow peas spans multiple sectors within the food and beverages industry, highlighting their versatility and functional properties. In human food, yellow peas are extensively used in direct consumption through traditional cuisines, as well as in processed foods like snacks, baked goods, and pasta, where they contribute to nutritional enhancement and texture improvement. The rising trend of plant-based diets has led to their increased use in meat analogues and dairy alternatives, providing a sustainable protein source. Beyond human food, yellow peas are a valuable component in animal feed, offering a high-protein option that supports livestock health and productivity. Additionally, industrial applications include the use of yellow pea starch in biofuels and biodegradable plastics, although this segment is still developing. The diversity in applications underscores the market's adaptability and potential for growth across various domains.

Regional Insights

Regionally, the yellow peas market demonstrates varied dynamics influenced by production capabilities, dietary patterns, and economic factors. North America, led by Canada, is a dominant force in production and export, supplying significant volumes to global markets. Europe also holds a substantial share, with countries like Russia and France contributing to both production and consumption. The Asia Pacific region is a major consumer, driven by high demand in countries such as India, where yellow peas are a dietary staple, and China, where increasing health awareness is boosting consumption. Other regions, including Latin America and Africa, are emerging as growing markets, with rising imports to meet local food needs. Regional disparities in climate and agricultural practices affect production outcomes, while trade policies and consumer preferences shape import-export flows. Understanding these regional nuances is crucial for stakeholders to navigate the market effectively.

Company Insights

The competitive landscape of the yellow peas market features several key players who influence market trends through their production, processing, and distribution activities. Prominent companies include AGT Food and Ingredients, which is a global leader in pulse processing and exporting, offering a wide range of yellow pea products. Vestkorn Milling AS is another significant player, specializing in pea protein isolates and concentrates for the food industry. Other notable participants like Puris Foods and Roquette Fr?res are focused on innovative product development, particularly in the plant-based protein segment, catering to the growing demand for sustainable ingredients. These companies employ strategies such as vertical integration, partnerships, and investments in research and development to enhance their market presence. The involvement of both large multinationals and specialized firms creates a dynamic competitive environment, driving quality improvements and market expansion.

Recent Developments

Recent developments in the yellow peas market reflect the industry's response to evolving consumer demands and technological advancements. There has been a surge in investments toward expanding processing capacities, particularly for pea protein extraction, to meet the rising need for plant-based ingredients. Companies are also engaging in sustainable sourcing initiatives and obtaining certifications to appeal to environmentally conscious consumers. Product innovation is a key focus, with new launches including ready-to-eat meals, protein-enriched snacks, and dairy alternatives made from yellow peas. Additionally, strategic acquisitions and collaborations are occurring to strengthen supply chains and enter new markets. For instance, partnerships between food manufacturers and agricultural producers are becoming more common to ensure raw material quality and availability. These developments indicate a proactive approach within the industry to capitalize on growth opportunities and address challenges.

Report Segmentation

This market research report on the yellow peas market provides a comprehensive analysis segmented by type, application, and region to offer detailed insights. The type segmentation includes whole yellow peas and split yellow peas, along with processed forms such as flour and protein isolates, each analyzed for their market share and growth potential. Application segmentation covers human food, animal feed, and industrial uses, highlighting key trends and demand drivers in each category. Regional segmentation examines North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, assessing production, consumption, and trade patterns. The report also delves into competitive landscape, profiling major companies and their strategies. This structured segmentation enables a thorough understanding of market dynamics, helping businesses identify opportunities and make informed decisions based on specific segments of interest.

FAQs

What are the main uses of yellow peas? Yellow peas are primarily used in human food applications such as soups, stews, and traditional dishes, as well as in processed foods like snacks and bakery products. They are also utilized in animal feed and increasingly in industrial applications like bio-based materials.

Which countries are the largest producers of yellow peas? Canada is the largest producer of yellow peas, followed by Russia and the United States. These countries dominate global production and export markets.

How are yellow peas processed? Yellow peas are processed through cleaning, drying, and splitting to produce whole or split peas. Further processing can include milling into flour or extraction of protein isolates for use in various food and industrial products.

What are the health benefits of yellow peas? Yellow peas are rich in protein, fiber, vitamins, and minerals, supporting digestive health, muscle maintenance, and overall nutrition. They are also low in fat and gluten-free, making them suitable for diverse diets.

Why is the demand for yellow peas increasing? The demand for yellow peas is rising due to growing consumer preference for plant-based proteins, increased health awareness, and the expansion of vegan and flexitarian diets, driving their use in food products and alternatives.

Citius Research has developed a research report titled “Yellow Peas Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Yellow Peas Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Yellow Peas Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Yellow Peas Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Yellow Peas Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Yellow Peas Market
• Research Methodology
• Executive Summary
• Market Dynamics of Yellow Peas Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Yellow Peas Market
• Cost and Gross Margin Analysis of Yellow Peas Market
• Yellow Peas Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Yellow Peas Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Yellow Peas Market Key Stakeholders

Below are the key stakeholders for the Yellow Peas Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Yellow Peas Market Report Scope

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Yellow Peas Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Yellow Peas Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Yellow Peas Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Frequently Asked Questions