Market Research Future (Food and Beverages) Field Peas Market Research Report | Page 3

Field Peas Market Research Report – Global Forecast till 2024
2 Market Overview
Field peas, part of the legume family, has been gaining prominence in pet foods owing to its nutritional value. These
seeds can assist in supplying sufficient amount of minerals and vitamins to the pet, enhancing its health in the
process. In addition, they contain a mix of soluble and insoluble fiber and antioxidant properties which play a vital
role in digestion.
The global field peas market for pet food size can touch USD 2,417.6 million by 2024, as per the findings of Market
Research Future (MRFR). It can exhibit 5.85% CAGR from 2018 to 2024 (forecast period). This can be attributed to
rapid adoption of pets worldwide. Rise in per capita income of pet owners and urbanization are other factors which
can drive its growth. Increasing demand for nutrient-dense foods to enhance pet health is projected to drive the
market growth.
The market volume can touch 3,869.4 thousand tons by 2024 at 4.43% CAGR over the forecast period. This can be
credited to establishment of various pet food manufacturing units by major players to cater to the growing consumer
demand. In addition, innovation of new flavors which cater to the tastes of cats and dogs coupled with the inclusion
of functional ingredients are other factors which can drive the demand of the field peas market for pet food.
Regional Analysis:
Region-wise, the field peas market for pet food covers trends and opportunities across Asia Pacific (APAC), North
America, Europe, and Rest-of-the-World (RoW). Europe is expected to dominate the global market in standings,
followed by North America. Novel development of new products coupled with brands launching grain-free pet foods
is one of the biggest trends projected to drive the regional field peas market for pet foods. North America can induce
significant volume and revenue for the global market owing to high emphasis on pet care and well-being.
Page | 3
Copyright © 2017 Market Research Future.