Pea Fiber Market Synopsis

Pea Fiber Market Size Was Valued at USD 1.71 Billion in 2023 and is Projected to Reach USD 2.78 Billion by 2032, Growing at a CAGR of 5.5 % From 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 global trend towards sustainable and environmentally friendly practices is boosting the popularity of pea fiber. Pea fiber, a plant-derived ingredient, is gaining popularity due to its potential to replace synthetic additives in various industries like food, pharmaceuticals, and cosmetics. As consumers prioritize health, sustainability, and clean-label products, the demand for pea fiber is expected to continue growing, promoting innovation and market expansion. Pea Fiber’s benefits and alignment with health and sustainability trends are driving its growing demand. Manufacturers can cater to evolving consumer preferences by offering products promoting health benefits with environmentally conscious choices boosting the market.

Pea Fiber Market Trend Analysis

Increasing Applications in the Automotive Industry

• 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.

Rising Demand for Clean-Label Products

• The rising demand for clean-label products presents a significant opportunity for the pea fiber market. Consumers are increasingly analyzing product labels, seeking transparency and natural ingredients in the foods they consume. Pea fiber, being a plant-based, minimally processed ingredient, aligns well with the clean-label trend. Its inclusion in various food products provides manufacturers with a path to meet consumer preferences for recognizable and wholesome ingredients.
• As consumers associate clean labels with health and authenticity, pea fiber's natural origin positions it favorably in the market. Its use in food formulations allows manufacturers to enhance nutritional profiles without compromising on the simplicity and clarity of product labels. This demand for clean-label products extends beyond traditional health foods, reaching into mainstream markets, and the versatility of pea fiber makes it an attractive choice for food producers looking to capitalize on this growing consumer trend. The rising preference for clean-label products creates a strategic opportunity for the pea fiber market, promotion innovation and growth as manufacturers respond to the evolving demands of perceptive consumers.

Pea Fiber Market Segment Analysis:

Pea Fiber Market is Segmented based on Product, Nature, End-User, and Distribution Channel.

By Product Type, Pea Hull Fiber segment is expected to dominate the market during the forecast period

• 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.
• The Pea Hull Fiber segment's dominance is reinforced by its wide-ranging applications across various food products. It is commonly utilized in the formulation of baked goods, cereals, snacks, and other food items to enhance their fiber content without compromising taste or texture. As consumers increasingly prioritize functional foods that contribute to their well-being, the nutritional benefits and versatility of pea hull fiber position it as a preferred choice for manufacturers, thereby driving its dominance in the pea fiber market during the forecast period.

By Nature, the Conventional Pea Fiber segment held the largest share of 76.8% in 2022

• 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. The affordability makes it an attractive choice for manufacturers seeking to incorporate fiber into their products without significantly impacting production costs. The dominance of the conventional pea fiber segment is driven by consumer familiarity, perceived authenticity, and cost-effectiveness, positioning it as a preferred choice in the evolving landscape of dietary fiber ingredients.

Pea Fiber Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• 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.
• The agricultural landscape in the Asia Pacific region, particularly in countries like China and India, supports the cultivation and sourcing of peas, the primary raw material for pea fiber. This contributes to a more strong and cost-effective supply chain, further boosting the market's growth. The increasing adoption of Western dietary patterns, with the rise of plant-based diets and a surge in demand for clean-label products, positions pea fiber as an essential ingredient in the food and beverage industry of the region. The Asia Pacific's dominance in the pea fiber market reflects the connection between health-conscious consumer trends, abundant raw material availability, and an increasing market for functional and natural ingredients.

Pea Fiber Market Top Key Players:

• AM Nutrition (US)
• A&B Ingredients Inc. (US)
• Belle Pulses (US)
• Puris Protein LLC (US)
• Quadra Chemicals (US)
• Ingredion Incorporated (US)
• Organicway (US)
• G.S. DUNN DRY MUSTARD MILLERS (US)
• InterFiber (US)
• Farbest Brands (US)
• 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 the Pea Fiber Market:

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.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. PEA FIBRE MARKET BY PRODUCT (2016-2030)
   1. PEA FIBRE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PRODUCT PEA HULL FIBER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PRODUCT PEA COTYLEDON FIBER
7. PEA FIBRE MARKET BY NATURE (2016-2030)
   1. PEA FIBRE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. ORGANIC
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CONVENTIONAL
8. PEA FIBRE MARKET BY END-USER (2016-2030)
   1. PEA FIBRE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FOOD INDUSTRY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. DIETARY SUPPLEMENTS
   5. PHARMACEUTICAL INDUSTRY
   6. NUTRACEUTICALS
   7. ANIMAL FEED
9. PEA FIBRE MARKET BY DISTRIBUTION CHANNEL (2016-2030)
   1. PEA FIBRE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. DIRECT SALES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. WHOLESALERS
   5. DISTRIBUTION CHANNELC
   6. ONLINE RETAIL
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Positioning
       2. Pea Fibre Market Share By Manufacturer (2022)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. AM NUTRITION (US)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. A&B INGREDIENTS INC. (US)
    4. BELLE PULSES (US)
    5. PURIS PROTEIN LLC (US)
    6. QUADRA CHEMICALS (US)
    7. INGREDION INCORPORATED (US)
    8. ORGANICWAY (US)
    9. G.S. DUNN DRY MUSTARD MILLERS (US)
    10. INTERFIBER (US)
    11. FARBEST BRANDS (US)
    12. AGT FOODS & INGREDIENTS (CANADA)
    13. AVENA FOODS LIMITED (CANADA)
    14. PARRISH & HEIMBECKER LIMITED (CANADA)
    15. VESTKORN MILLING AS (NORWAY)
    16. CFF GMBH & CO. KG (GERMANY)
    17. EMSLAND GROUP (GERMANY)
    18. EMSLAND GROUP (GERMANY)
    19. PARRHEIM FOODS (GERMANY)
    20. ROQUETTE FRERES SA (FRANCE)
    21. NUTRAONLY (XI'AN) NUTRITIONS INC. (CHINA)
    22. SHANDONG JIANYUAN BIOENGINEERING (CHINA)
    23. MRIDA GREENS AND DEVELOPMENT PRIVATE LIMITED (INDIA)
    24. OMG LABS PRIVATE LIMITED (INDIA)
11. GLOBAL PEA FIBRE MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Product
       4. Historic And Forecasted Market Size By Nature
       5. Historic And Forecasted Market Size By End-user
       6. Historic And Forecasted Market Size By Distribution Channel
       7. Historic And Forecasted Market Size By Country
          1. US
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies