Pea Fiber Market

According to a new report published by Introspective Market Research, titled, “Pea Fiber Market by Product, Nature, End-User, and Distribution Channel. Opportunity Analysis and Industry Forecast, 2024–2032,” 

Global Pea Fiber Market size is expected to grow from USD 1735.11 Million in 2023 to USD 3006.95 Million by 2032, at a CAGR of 6.3 % during the forecast period (2024–2032).

Pea fiber is a dietary fiber extracted from peas, specifically the outer husk or shell of the pea. Rich in soluble and insoluble fiber, it offers various health benefits. Soluble fiber aids digestion and helps manage blood sugar levels, while insoluble fiber promotes bowel regularity and overall gut health.

Pea fiber is low in calories and cholesterol-free, making it a nutritious addition to diets. Its ability to absorb water contributes to a feeling of fullness, aiding in weight management. Pea fiber supports heart health by lowering cholesterol levels. It is a versatile, plant-based ingredient with positive impacts on both digestive and cardiovascular wellness. Health-conscious consumers are increasingly seeking plant-based, natural ingredients to enhance their diets.

 Pea fiber, derived from peas, fits this demand, as it is a rich source of soluble and insoluble fiber, supporting digestive health and offering a low-calorie, cholesterol-free option for well-being. Its versatile applications in food products, including baked goods, cereals, and snacks, make it an interesting choice for manufacturers directing to supply the growing market for functional and health-oriented foods.

The Pea Fiber market is experiencing substantial growth in health and wellness trends as consumers increasingly prioritize healthier lifestyles. Pea fiber, being a natural source of both soluble and insoluble fiber, aligns perfectly with these health-conscious preferences. Its digestive benefits, including endorsing core movements and stabilizing blood sugar levels, make it an attractive choice for consumers seeking dietary enhancements.

The rising awareness of the importance of plant-based nutrition is driving the demand for pea fiber. As a plant-derived ingredient, it caters to the growing population of vegans, vegetarians, and flexitarians looking for sustainable and ethical alternatives. Pea fiber's versatility allows its use in various food products, catering to the growing demand for functional and clean-label items. The health and wellness standard shift is driving the pea fiber market, as consumers seek dietary choices and holistic health goals.

Pea Fiber Market, Segmentation

The Pea Fiber market is segmented based on Product, Nature, End-User, and Distribution Channel, Region

Product Type:

The Product Type segment is further classified into Pea Hull Fiber, Pea Cotyledon Fiber. Pea hulls, the outer layer of peas, are rich in dietary fiber, both soluble and insoluble. This high-fiber content contributes significantly to digestive health, making pea hull fiber a sought-after ingredient in the food industry. Its insoluble fiber aids in promoting regular bowel movements, while soluble fiber helps in managing cholesterol levels and supporting overall gut health.

Nature:

The Nature segment is further classified into Organic, Conventional. Conventional pea fiber caters to a broader consumer base seeking familiar ingredients and traditional reliability. Its minimal processing retains peas' nutritional benefits, appealing adapted to traditional dietary choices. This aligns with the growing demand for natural, minimally processed food products. The conventional pea fiber segment is likely to dominate due to its cost-effectiveness. As a well-established ingredient, the production processes for conventional pea fiber are often streamlined, resulting in a more economical product.

Region:

There is a Growing awareness of health and wellness, along with an increasing preference for plant-based and natural ingredients, positions pea fiber as a highly sought-after dietary supplement in this region. Markets with substantial populations, such as China, India, and Vietnam, are witnessing a significant shift towards healthier lifestyles, influencing dietary choices and fostering a heightened demand for functional foods. Pea fiber, prominent for its digestive health benefits and adaptability in various food applications, aligns well with the changing consumer preferences.

 Some of The Leading/Active Market Players Are-

• AGT Foods & Ingredients (Canada)
• Avena Foods Limited (Canada)
• Parrish & Heimbecker Limited (Canada)
• Vestkorn Milling AS (Norway)
• CFF GmbH & Co. KG (Germany)
• Emsland Group (Germany)
• Emsland Group (Germany)
• Parrheim Foods (Germany)
• Roquette Freres SA (France)
• Nutraonly (Xi'an) Nutritions Inc. (China)
• Shandong Jianyuan Bioengineering (China)
• Mrida Greens and Development Private Limited (India)
• OMG Labs Private Limited (India), and Other major Players

Key Industry Developments

• In October 2023, in a significant move, Ingredion, a prominent global ingredient solutions provider, is set to acquire Roquette's pea protein and starch operations in France, Canada, and China. This strategic acquisition enhances Ingredion's foothold in the plant-based protein market and broadens its offerings in pea Fiber.
• In October 2023, The partnership revolves around the joint development of innovative textured meat alternatives utilizing Roquette's pea protein and Ingredia's proficiency in texturizing solutions. The objective is to expedite the creation of more authentic and sustainable plant-based meat products.
• In October 2023, the introduction of NutraPea by Cosucra showcases a novel pea Fiber ingredient with high protein content and exceptional water absorption properties. This makes it well-suited for various applications, including meat alternatives, bakery products, and nutritional bars.

Key Findings of the Study 

• The global pea fiber market is experiencing substantial growth due to rising health and wellness trends. Health-conscious consumers are increasingly prioritizing healthier lifestyles, which is driving the demand for natural and plant-based ingredients.
• Pea fiber's versatility allows its use in a wide range of food products, including baked goods, cereals, and snacks, catering to the growing demand for functional and clean-label items.