Global Pea Fiber Market Size Likely to Surpass at a CAGR of 6.3% By 2033

As per the current market research conducted by the CMI Team, the global Pea Fiber Market size is expected to record a CAGR of 6.3% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 22,820.6 Million. By 2033, the valuation is anticipated to reach USD 39,548.2 Million.

Pea Fiber Market: Growth Factors and Dynamics

• Rising Demand for Natural and Functional Ingredients: The increasing consumer preference for natural and functional ingredients in food and beverage products is driving demand for pea fiber, which is recognized for its ability to enhance texture, moisture retention, and nutritional content.

• Growing Health Awareness: With a greater emphasis on health and wellness, consumers are seeking dietary fibers like pea fiber known for their digestive health benefits, including promoting regularity and supporting gut health. This trend is propelling the demand for pea fiber as a functional ingredient in various food products.

• Expanding Application in Food and Beverage Industries: Pea fiber is versatile and can be incorporated into a wide range of food and beverage products, including bakery goods, meat products, dairy alternatives, and nutritional supplements. The expanding application of pea fiber across these industries is driving the market growth.

• Rise in Plant-Based and Clean Label Products: The increasing adoption of plant-based diets and clean label preferences among consumers is boosting the demand for pea fiber as a natural and sustainable ingredient. Manufacturers are utilizing pea fiber to formulate clean label products that align with consumer preferences for transparency and health-conscious choices.

• Technological Advancements in Processing: Innovations in processing technologies have improved the extraction and refinement of pea fiber, resulting in higher-quality products with enhanced functionality and sensory properties. These advancements are driving the adoption of pea fiber by food manufacturers seeking to improve the texture, taste, and nutritional profile of their products.

• Expanding Market Presence Globally: The pea fiber market is witnessing expansion on a global scale, driven by increasing awareness of its benefits and growing demand for clean label ingredients worldwide. Manufacturers are exploring new markets and forging partnerships to capitalize on emerging opportunities and meet the rising demand for pea fiber across diverse regions.

• Regulatory Support and Health Claims: Regulatory bodies supporting the use of dietary fibers and health claims associated with their consumption are bolstering the demand for pea fiber. With increasing recognition of its benefits, including cholesterol reduction and weight management, pea fiber is gaining traction as a preferred ingredient in functional foods and dietary supplements.

Pea Fiber Market: Partnership and Acquisitions

• In 2022, Royal DSM, a Dutch multinational company, finalized the acquisition of Vestkorn Milling, a prominent European producer of pea-derived products. The transaction, valued at US$ 79.97 million, strengthens DSM’s position in the market for plant-based ingredients and aligns with its sustainability-focused growth strategy.

• In 2020, Cargill, a US-based food company, invested US$ 75 million in PURIS to enhance pea protein production capacity at a Dawson, Minnesota facility. This investment aims to meet the increasing global demand for pea protein, starch, and fiber, supporting PURIS’ growth strategy.

Report Scope

Pea Fiber Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Pea Fiber Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Supply Chains: The COVID-19 pandemic disrupted global supply chains, affecting the sourcing and transportation of raw materials for pea fiber production. This led to supply shortages and increased costs for manufacturers, impacting market stability.

• Shift in Consumer Demand: The pandemic altered consumer purchasing behavior, with a focus on essential items and pantry staples. This shift reduced demand for certain specialty food ingredients like pea fiber, particularly in sectors heavily impacted by lockdowns and economic uncertainty.

• Diversification of Supply Sources: To mitigate supply chain risks, pea fiber manufacturers are diversifying their supply sources and establishing strategic partnerships with multiple suppliers. This ensures continuity of supply and reduces dependence on any single source, enhancing resilience to future disruptions.

• Product Innovation and Differentiation: Manufacturers are investing in product innovation to differentiate their pea fiber offerings and meet evolving consumer demands. This includes developing new formulations, optimizing texture and functionality, and introducing value-added products with enhanced nutritional profiles or functional benefits.

• Market Expansion and Geographic Diversification: Pea fiber producers are expanding their market presence by targeting new geographical regions and tapping into emerging markets with growing demand for clean label ingredients. This diversification reduces dependence on specific markets and enhances revenue streams, fostering market recovery.

• Strategic Marketing and Brand Positioning: Companies are implementing targeted marketing campaigns to educate consumers about the health benefits and versatility of pea fiber. Emphasizing its role in promoting digestive health, weight management, and clean label formulations helps rekindle consumer interest and drive demand.

• Partnerships and Collaborations: Collaborating with food manufacturers, research institutions, and regulatory bodies enables pea fiber producers to innovate, validate health claims, and expand product applications. Strategic partnerships facilitate technology transfer, market access, and regulatory compliance, accelerating market recovery and driving long-term growth.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Pea Fiber Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Pea Fiber Market:

• Roquette Frères
• Cosucra Groupe Warcoing SA
• Ingredion Incorporated
• AGT Food and Ingredients Inc.
• Vestkorn Milling AS
• The Scoular Company
• Yantai Oriental Protein Tech Co. Ltd.
• Nutri-Pea Limited
• A&B Ingredients
• American Key Food Products (AKFP)
• Sotexpro
• Kerry Group
• SunOpta Inc.
• Farbest Brands
• Shandong Jianyuan Group
• Others

The Pea Fiber Market is segmented as follows:

By Nature

• Natural
• Organic
• Conventional

By Application

• Normal Food Industry
• Baby Food Industry
• Children Food Industry
• Pet Food Industry
• Others

By Component

• Pea Inner Fibre
• Pea Hull Fibre

By Food Products

• Bakery Products
• Noodles/Pasta
• Savory
• Cheese
• Meat Products
• Snacks and Cereals
• Others

By End-Use Industry

• Food Industry
• Dietary Supplements
• Pharmaceutical Industry
• Pet Food & Animal Feed
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America