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

$4,450$6,250

Clear
SKU: 190735 Categories: , , Tags: ,

Description

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.
Regional Analysis
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 pet food market is highly fragmented in the region owing to the presence of key players and local and unorganized players. Thus, manufacturers are emphasizing product development to capture maximum market share. Grain-free pet foods are a major trend gaining traction among pet food manufacturers in 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.
The market in Asia-Pacific is projected to exhibit a growth rate of 6.51% during the forecast period. The rising focus on nutritious pet food has led to the introduction of grain-free options by manufactures. Japan was the largest country-level market for field peas for pet food in the region in 2017. However, the markets in Australia and China offer lucrative growth opportunities to pet food manufacturers.

Segments
The global field peas market for pet food has also been segmented on the basis of type and application.
The global field peas market for pet food has been segmented, on the basis of type, into peas, chickpeas, and others. In 2017, the peas segment accounted for the majority of the market share and is projected to reach USD 1,535.7 million by the end of 2024. The chickpeas segment is expected to register the highest CAGR of 6.51% during the review period. In terms of volume, the chickpeas segment is projected to reach 956.8 thousand tons by the end of 2024 at a CAGR of 5.03% during the forecast period.
On the basis of application, the global field peas market for pet food has been segmented into dog food, cat food, and others. The dog food segment held the largest market share of 59.36% in 2018 and is projected to reach USD 1,475.9 million by the end of 2024. The cat food segment is expected to register a moderate growth rate of 5.66% during the forecast period.

Key Players
The leading market players in the global field peas market for pet food are 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), and Palouse Brand (US).
Target Audience
• Field peas producers
• Peas producers
• Pet food manufacturers
• Raw material suppliers
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters

Key Findings
• Increase in pet population in developed and developing economies is a significant factor for the growth of the global field peas market for pet food.
• Changes in feed preference among pet owners are expected to pose a major challenge to market players.
Global Field Peas Market for Pet Food Research Report—Forecast till 2024:
As per MRFR analysis, the global field peas market for pet food is estimated to reach USD 2,417.6 million by the end of 2024 at a CAGR of 5.85% during the forecast period.

The report also offers a regional analysis:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia and New Zealand
o Rest of Asia-Pacific
• Rest of the World
o South America
o Middle East
o Africa

Table of Contents

Table of Contents:

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increase in pet population and pet adoption
4.2.2 Functional benefits of pea in pet food
4.2.3 Continuous product innovation
4.2.4 Drivers Impact Analysis
4.3 Restraints
4.3.1 Fluctuating prices of field peas
4.3.2 Intolerance of peas among the pets
4.3.3 Restraints Impact Analysis
4.4 Opportunities
4.4.1 Increasing demand for grain-free pet diet
4.4.2 Inclination towards plant-sourced protein in pet food
4.5 Challenges
4.5.1 Change in feed preferences among the pet owners
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Supply Chain Analysis
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Rivalry
6 Global Field Peas Market for Pet Food, By Type
6.1 Overview
6.1.1 Peas
6.1.2 Chickpeas
6.1.3 Others
7 Global Field Peas Market for Pet Food, By Application
7.1 Overview
7.1.1 Dog Food
7.1.2 Cat Food
7.1.3 Others
8 Global Field Peas Market for Pet Food, By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 U.K
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia
8.4.5 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East
8.5.3 Africa
9 Competitive Landscape
10 Company Profiles
10.1 AGT Food and Ingredients, Inc.
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products Offerings
10.1.4 Key Developments
10.1.5 SWOT Analysis
10.1.6 Key Strategy
10.2 Ceres Global Ag Corp.
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Products Offerings
10.2.4 Key Development
10.2.5 SWOT Analysis
10.2.6 Key Strategy
10.3 George F. Brocke & Sons Inc.
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Products Offerings
10.3.4 Key Developments
10.3.5 SWOT Analysis
10.3.6 Key Strategy
10.4 Great Northern AG.
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Products Offerings
10.4.4 Key Development
10.4.5 SWOT Analysis
10.4.6 Key Strategy
10.5 Columbia Grain International, LLC
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Products Offerings
10.5.4 Key Developments
10.5.5 Key Strategy
10.6 Crites Seed Inc.
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Products Offerings
10.6.4 Key Development
10.6.5 Key Strategy
10.7 Palouse Brand
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Products Offerings
10.7.4 Key Developments
10.7.5 Key Strategy
11 Conclusion
11.1 Key Findings

Additional information

Publisher

Geography Covered

Date Published

Pages

Format