Global Field Peas Market for Pet Food Research Report Forecast to 2024

Published - Jun 2019 | Category - Food & Beverages | No. of Pages - 114 | Published By - Market Research Future


Global Field Peas Market For Pet Food Is Estimated To Reach USD 2,417.6 Million By The End Of 2024 At A Moderate CAGR Of 5.85% During The Forecast Period

The demand for field peas is increasing in the pet food market. With the rising adoption of pets across the globe, the demand for pet food has grown. Field peas are rich in vitamins, minerals, proteins, and fiber, which significantly contribute to the enhancement of pet health. Field peas are available in different types and forms such as whole yellow peas, split yellow peas, whole green peas, and split green peas.

However, the fluctuating prices of field peas caused by a gap in the demand and supply act as a major restraint for market growth.

The global field peas market for pet food has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world. The European market accounted for the majority market share in 2017 and is expected to retain its dominance during the forecast period. The growth of the field peas market can be attributed to the high production of pet food, especially in Western Europe.

The North American market accounted for a 31.00% market share in 2017 and is projected to register a growth rate of 5.56% during the forecast period. The widespread adoption of pets, especially in the US, is expected to fuel the growth of the field peas market for pet food during the forecast period of 2018 to 2024. Private labels stores in the country are focusing on unique product portfolios which is expected to fuel the growth of the field peas market in pet food.

Global Field Peas Market Major Key players 

AGT Food and Ingredients, Inc. (Canada)
Ceres Global Ag Corp (US)
George F. Brocke & Sons Inc. (US)
Great Northern AG (US)
Columbia Grain International, LLC (US)
Crites Seed Inc. (Russia)
Palouse Brand (US)


 

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