Pea Fiber Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the pea fiber market was USD 1.7 million in 2022, and a CAGR of 4.9% is expected during the forecast period. Increasing demand for plant-based ingredients, rising health consciousness, promoting fiber-rich diets to solve various health related issues, like digestion, and a growing preference for natural and clean-label products in the food and beverage industries is growing the market. The versatility of pea fiber in various applications like food, pharmaceuticals, and animal feed contributes to its market expansion. Dietary fibers are very important for our health, as they promote bowel regularity. Increasing demand for dietary fibers in maintaining healthy cholesterol level, and managing the blood sugar levels.

Impact of Covid-19

Covid-19 initially affected the pea fiber market due to disruption in supply chain, and changes in consumer demand. However, as people became more health conscious, there was an increased interest in plant based products, positively impacting the pea-fiber market as it’s a sought after ingredient in the food industry for its nutritional benefits, and functional properties. This shift in consumer behavior led to a surge in consumer demand for plant based food ingredients, including pea fibers.

Growth Drivers

·         Increasing inclination of people towards taking plant based products

·         Rising health awareness among people in all over the world

·         Food Industry Applications

·         Rising awareness of Dietary fibers

·         Expansion of clean label, and natural ingredients

·         Technological advancements in food processing

Expanding vegan population, rising popularity of clean label products, and growing awareness of plant based diets, increasing awareness of pea fiber consumption, and high use of pea fibers in plant based supplement. Offering pea fiber products, that is widely used in a wide array of applications is crucial for the success for pea fiber in future.

Increasing awareness of dietary fibers to get rid of stomach related issues, and to treat the gastrointestinal issues in effective way, dietary fibers are very necessary to consume.

Segmentation

Type

·         Inner Hull Fiber

·         Outer Hull Fiber

Source

·         Organic

·         Conventional

By End-Users

·         Food

·         Breakfast Cereals

·         Baked Products

·         Meat Products

·         Pharmaceuticals

·         Nutraceuticals

·         Animal Feed

·         Others

·         Snack-food

·         Pasta

·         Crackers

Grade

·         Food Grade

·         Feed Grade

Application

·         Vegan Meat Substitutes

·         Bakery

·         Soups and Sauces

·         Beverages

·         Animal Foods

·         Other Applications

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Pea Fiber Market End-User Segmentation

On the basis of end-user, the pea fiber market is segmented into Food, Breakfast Cereals, Baked Products, Meat Products, Pharmaceuticals, Nutraceuticals, Animal Feed, Others, Snack-food, Pasta, and Crackers. Food is the leading segment, and it is expected to dominate during the forecast period. Breakfast cereals, are the dominating segment, which is expected to dominate during the forecast period. Increasing demand for the pea fiber, which is beneficial for health, and environment both is driving the growth of the market in every region.

Pea Fiber Market Application Segmentation

On the basis of application, the pea fiber market is segmented into Vegan meat substitutes, Bakery, Soups and Sauces, Beverages, Animal foods, and other applications. Pea fiber plays a significant role in the production of vegan meat alternatives. Increasing awareness of dietary fibers to get rid of stomach related issues, and to treat the gastrointestinal issues in effective way, dietary fibers are very necessary to consume.

 Fiber’s binding property help create the desired consistency in vegan meat, mimicking texture of animal based products. Given the rising popularity in plant based diets, the demand for pea-fiber in vegan meat formation is expected to continue growing as a food companies strive to innovate and offer high quality alternatives to traditional meat products. In , and Bakery goods like breads, and cakes, and pastries, pea fiber acts as a functional ingredient enhancing the texture, moisture retention, and shelf life in baked goods, while adding fiber content. In beverages, it  is used as a thickener, or to add fiber content without altering taste significantly. In Animal foods, it serve as a source of fiber, and aid in digestion for certain animals. In soups, and sauces it act as a thickener, and provide a smooth texture, and improve the overall mouth feel of the dish,

Regional Outlook

On the basis of regions, the market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is the leading segment due to increasing awareness of health issues, and increasing demand for plant based foods, and functional food ingredients. The rising prevalence of various health issues in the region, like obesity, and heart diseases is driving the growth in the market. Pea fiber is a rich source of dietary fiber and protein. Pea fiber is also known to reduce the risk of heart stroke; it improves digestion, maintains the cholesterol level, and helps with weight management. The United States is the largest market for pea fiber, followed by Canada. Growing awareness of the health benefits of pea fiber and its application in various industries is growing the market.

Due to growing demand for healthy and sustainable food options, pea fiber is a versatile ingredient that is used in a number of applications, like as a replacement for wheat flour and as a thickener in soups and sauces. There is an increasing interest among Europeans in food, which is good for their health and the environment as well. Pea fiber is high in protein and dietary fiber, making it an essential dish for people worldwide. Pea plants require less water, and fertilizer makes them a more suitable eating item.

Increasing awareness among people regarding the health benefits and industrial benefits is driving the growth of the market significantly. As consumers become more health conscious, they are looking for alternatives in food items that are not harmful and provide full nutrients.

Key Players

·         COSUCRA

·         AM Nutrition

·         Emsland Group

·         Vestkorn Milling AS

·         PURIS

·         Quadra Chemicals

·         AGT Foods and Ingredients

·         Roquette Freres SA

·         CFF GmbH and Co. KG

·         Other Players

Global Pea Fiber Market research report presents a strategic analysis of the global Pea Fiber Market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it.

This report delivers market size, regional and country market data, segmentation growth, market share, competitive landscape, company’s Pea Fiber revenue analysis, strategies of domestic and global market players, opportunities analysis, strategic market growth analysis, and technological innovations. It analyses historical and current market data to accurately gauge its future growth potential. This market report provides in-depth analysis and insight of market drivers, challenges, trends & opportunities. At the same time, comprehensive coverage of major vendors (recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis) is provided to give competitive overview. This study presents most detailed (COVID-19 updated) and in-depth analysis about the global Pea Fiber market, covering all global regions and countries. The report provides intricate dynamics for each of the countries covered, offering unmatched value, accuracy and expert insights.

Report Purpose

The purpose of the report is to portray the state of the global Pea Fiber Market and to present real and expert-verified data and insights about the market values, volumes, dynamics, segmentation and prices. It also offers forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. Further, it covers in-depth analysis of the key market players, industry trends and insights, growth drivers and challenges and all other factors, influencing the growth of market.

Scope of the Report

The report on the global Pea Fiber Market presents:

·         Historical Data: Market data including volume, growth rate, value, and dynamics; Market segmentation (by product, by region and by country; etc.) for the last five years;

·         Strategic Insights for companies looking to launch new products to diversify their business, exploring leading countries to establish supply chain, and top countries to increase company export and go global

·         Comprehensive Regional Market Data: volume, growth rate, value, market share and dynamics of for the last five years (broken down by region);

·         Market Dynamics: Analysis of the factors impacting the market including demand drivers, industry trends and challenges and the short and the medium-term impact of COVID-19 presently and in near future;

·         Analysis and forecast for the global economy and demographics;

·         Supply chain and value chain analysis, risk analysis of supply side and demand side;

·         Market Forecast for next ten years (market share, year-on-year growth, volume, value and segmentation by region);

·         Company profiling of key market players covering company’s Pea Fiber revenue, sales and market share;

·         Comprehensive coverage of competitive landscape offering market positioning and snapshot of key business strategies;

·         Porter’s Five Forces analysis;

How Can You Benefit from This Report?

In this report you can:

·         Track and identify key market trends and insights and key drivers behind recent market changes and see the impact COVID-19 has and will have on the market in both the short and the medium term;

·         Get access to reliable and verified market data, with which aids you to make confident business decisions;

·         Analysis of market numbers, such as volume, value, forecasts, dynamics, segmentation and market structure – past, present and future;

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·         Own data spreadsheet for comparison at global, regional and for individual country, covered in the report;

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What Kind of Decisions You Can Make Based on the Data in This Report?

This report detailed and all-inclusive data on Pea Fiber Market, providing valuable support to make vital decisions regarding:

·         Strategic planning;

·         Industry analysis;

·         Target Market/Marketing and sales;

·         Regional and country assessment and opportunity analysis;

·         Market entry into new product group or country;

·         Pricing of existing and new products;

·         New product development and Innovation in existing products;

·         Supply chain management;

·         Market evaluation;

·         Mergers, Expansions, Joint Ventures and acquisitions.

Who Is This Report for?

This report is intended to give broad overview of market to people who already are working on this market:

·         C-suite Level executives;

·         Directors;

·         Industry strategists;

·         Marketing professionals;

·         Business development professionals;

·         Product developers;

·         Product marketers and strategists;

·         Product managers;

·         Project managers;

·         Suppliers;

·         Traders;

This report also caters to people who are not involved in the market, representatives of investors, consultants, advisors and financial institutions:

·         Management consultants;

·         Investment managers;

·         Financial professionals;

·         M&A managers.

Regional Coverage

The report on the global Pea Fiber Market breaks down the world into the following regions & countries and covers every single one of them:

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