South Korea Dried Peas Market was valued at USD 220 Million in 2022 and is projected to reach USD 300 Million by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
The South Korea dried peas market is witnessing steady growth due to the increasing demand for healthy, plant-based protein sources and the rising interest in natural food products. Dried peas, which are a staple in many cuisines around the world, have gained popularity in South Korea as a versatile ingredient in various dishes. The market caters to both domestic and industrial needs, with dried peas being used extensively in food processing, manufacturing, and even as animal feed.
One of the primary industries driving the demand for dried peas in South Korea is the food sector. As consumers become more health-conscious, the demand for plant-based proteins, which dried peas offer, has surged. These peas are rich in essential nutrients such as fiber, vitamins, and minerals, making them a preferred choice for both vegan and non-vegan diets. The trend towards healthier eating habits and the rise of vegetarianism and veganism in South Korea has contributed to the increasing requirement for dried peas in various food applications.
The industrial requirement for dried peas is also influenced by the growing demand for processed foods such as soups, stews, and ready-to-eat meals. Dried peas are often used as a key ingredient in these products due to their long shelf life, ease of storage, and high nutritional value. Additionally, the food processing industry appreciates the cost-effectiveness of dried peas as a protein source, as they are relatively cheaper compared to other protein-rich ingredients like meat or dairy products.
Another industry that heavily relies on dried peas is animal feed production. As the demand for livestock and poultry increases, so does the need for high-quality feed ingredients. Dried peas are used as a significant protein source in animal feed formulations, particularly for poultry, swine, and cattle. This requirement is expected to grow as the agricultural sector in South Korea continues to expand and modernize.
In conclusion, the dried peas market in South Korea is influenced by multiple factors, including the growing demand for healthy food alternatives, the expansion of processed food industries, and the need for protein sources in animal feed production. As these industries continue to evolve, the demand for dried peas is likely to increase, shaping the future of the market in the country.
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L.H. Hayward
Goya Foods
AGT Foods
Dakota Dry Beans
Scoular
Vestkorn
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Dried Peas Market
Whole Dried Peas
Split Dried Peas
Dried Pea Flour
Dried Pea Snacks
Whole
Crushed
Powdered
Online Retail
Supermarkets/Hypermarkets
Health Food Stores
Specialty Stores
Food and Beverage
Animal Feed
Industrial Applications
High Protein
Low Fat
Organic
Gluten-Free
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Dried Peas Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Dried Peas Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Dried Peas Market, By Type
6. South Korea Dried Peas Market, By Application
7. South Korea Dried Peas Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Dried Peas Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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