Global Pea Fiber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pea Fiber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pea fiber is a pure, natural dietary fiber in the outer layer of peas. Pea fiber is a highly absorbent, low-carbohydrate fiber derived from specially cleaned and processed pea shells. Dietary pea fiber promotes the growth of healthy intestinal bacteria and regulates digestion. Due to its superior water binding capacity and low energy content, pea fiber is an excellent ingredient in promoting a satiety in a low-energy diet.

Market Overview:

The latest research study on the global Pea Fiber market finds that the global Pea Fiber market reached a value of USD 144.68 million in 2022. It’s expected that the market will achieve USD 249.65 million by 2028, exhibiting a CAGR of 9.52% during the forecast period.

Market Drivers

Many food manufacturers require that dietary fiber be combined with plant ingredients to improve the nutritional content of the final product. Pea fiber is an essential dietary fiber that has a wide range of benefits, such as helping to gain a healthy weight, beneficial to digestion, helping to control blood sugar levels, lowering cholesterol levels, increasing mineral absorption and helping to maintain the intestinal tract Health, etc. These ingredients are added to the food without affecting the taste and texture of the final food. Therefore, pea fiber helps digestion by maintaining the flow of waste through the digestive tract and keeping the intestinal bacteria healthy. These benefits promote the development of the pea fiber market.
People's ever-changing lifestyles have greatly affected their eating habits, which has created a demand for fiber consumption to maintain health and fitness. This factor has promoted the development of the pea fiber market and increased the intake of pea fiber in the diet. Fitness fanatics, especially millennials, pay great attention to diet management and are willing to spend money on healthy food.

With the general trend of demand for natural, non-GMO, organic, gluten-free and lactose-free nutritional products, pea fiber manufacturers have huge opportunities to enhance their product portfolio. With research and innovation, manufacturers can further increase their sales by offering new specialty pea fibers. These pea fibers can be specifically targeted at people with lifestyle diseases such as obesity and diabetes, because pea fibers have a low glycemic index, Helps reduce calories. This factor has also promoted the development of the pea fiber market.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

The top three companies are Roquette, Shuangta Food and Cosucra with the revenue market share of 17.92%, 15.75% and 14.09% in 2020.

Roquette is a global leader in plant-based ingredients, a pioneer of plant proteins and a leading provider of pharmaceutical excipients. These ingredients respond to unique and essential needs, enable healthier lifestyles and are critical components of life-saving medicines.

Shuangta Food co., LTD established on 1992, is the production base of Longkou vermicelli, pea protein, Organic fava bean protein, 80% pea protein isolate, Organic plant protein meat, pea protein isolate, pea starch, and also produce pea fiber, mushroom, biological gas and etc.

Segmentation Overview:

Among different product types, Organic Pea Fiber segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Meat Products segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Pea Fiber market covered in Chapter 3:

Cosucra
Belle Pulses
NutriPea
Vestkorn
AGT Food and Ingredients
Shandong Jianyuan Bioengineering
PURIS
Roquette
Emsland Group
Shuangta Food
Yantai Oriental Protein Tech
A&B Ingredients

In Chapter 4 and Chapter 14.2, on the basis of types, the Pea Fiber market from 2018 to 2029 is primarily split into:

Organic Pea Fiber
Normal Pea Fiber

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pea Fiber market from 2018 to 2029 covers:

Bakery Products
Meat Products
Soups & Sauces
Nutritional Products
Animal Foods
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)