Canada Pea Derivatives Market Size & Outlook, 2022-2030
Canada pea derivatives market, 2017-2030 (US$M)
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Canada pea derivatives market highlights
- The Canada pea derivatives market generated a revenue of USD 247.9 million in 2022 and is expected to reach USD 628.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.3% from 2023 to 2030.
- In terms of segment, pea protein was the largest revenue generating type in 2022.
- Pea Protein is the most lucrative type segment registering the fastest growth during the forecast period.
Pea derivatives market data book summary
| Market revenue in 2022 | USD 247.9 million |
| Market revenue in 2030 | USD 628.4 million |
| Growth rate | 12.3% (CAGR from 2022 to 2030) |
| Largest segment | Pea protein |
| Fastest growing segment | Pea Protein |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pea Protein, Pea Starch, Pea Fiber |
| Key market players worldwide | International Flavors & Fragrances Inc, NutriPea, Cosucra, Roquette America, Puris, Burcon NutraScience Corp, Sotexpro, The Scoular Company, Fenchem, The Green Labs |
Other key industry trends
- In terms of revenue, Canada accounted for 8.6% of the global pea derivatives market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. pea derivatives market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,718.9 million by 2030.
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Pea Derivatives Market Scope
Pea Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada pea derivatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pea derivatives market will help companies and investors design strategic landscapes.
Pea protein was the largest segment with a revenue share of 66.12% in 2022. Horizon Databook has segmented the Canada pea derivatives market based on pea protein, pea starch, pea fiber covering the revenue growth of each sub-segment from 2017 to 2030.
Canada is one of the largest producers of peas. Peas are primarily grown in Western Canada, particularly in the provinces of Manitoba, Saskatchewan, and Alberta. Canada is the world's largest producer and exporter of yellow peas, commonly used in producing pea protein and other pea derivatives.
The country's favorable climate and soil conditions, as well as its advanced farming practices, make it an ideal location for cultivating peas and other legumes. As a result, Canada's pea production plays a significant role in the growth of the pea derivatives market in the country.
The emergence of Canada as a manufacturing hub for baked goods due to its easy access to equipment and close proximity to the U.S. market is likely to remain a favorable factor over the forecast period.
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Our clientele includes a mix of pea derivatives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada pea derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Canada pea derivatives market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada pea derivatives market size, by type, 2017-2030 (US$M)
Canada Pea Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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