Global Pea Fiber Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the global Pea Fiber Market 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.

The pea fiber market refers to the segment of the food and beverage industry dedicated to the production, distribution, and consumption of dietary fiber derived from peas.

Pea fiber, obtained from the hulls or pods of yellow peas, is rich in insoluble fiber and offers various functional benefits, including improved digestive health, enhanced texture and moisture retention in food products, and cholesterol reduction properties.

The market is driven by increasing consumer demand for clean label and plant-based ingredients, as well as the growing awareness of the health benefits associated with dietary fiber consumption.

Pea Fiber Market – Significant Growth Factors

The Pea Fiber Market presents significant growth opportunities due to several factors:

• Growing Health Consciousness: Increasing awareness about the health benefits of dietary fiber, including pea fiber, is driving demand. Consumers are seeking fiber-rich foods to support digestive health, weight management, and overall well-being.

• Rise in Plant-Based Diets: The trend towards plant-based diets is fueling demand for pea fiber as a clean label and sustainable ingredient. As consumers seek alternatives to animal products, there is a growing market for plant-based fibers like pea fiber.

• Expansion in Food and Beverage Industry: The expanding food and beverage industry, coupled with the demand for functional ingredients, is driving the adoption of pea fiber in various products. Manufacturers are incorporating pea fiber into a wide range of foods, including baked goods, snacks, beverages, and meat alternatives.

• Regulatory Support and Health Claims: Regulatory support for dietary fiber and associated health claims is boosting the pea fiber market. Government initiatives promoting fiber-rich diets and health-conscious consumer trends are driving manufacturers to include pea fiber in their formulations.

• Product Diversification and Innovation: There is an opportunity for manufacturers to innovate and diversify their pea fiber products to meet evolving consumer preferences. This includes developing new formulations, flavors, and functional properties to cater to different market segments and applications.

• Expansion into Emerging Markets: Emerging markets present opportunities for growth in the pea fiber market. As awareness of dietary fiber benefits increases globally, there is potential to penetrate new markets and regions where demand for functional and clean label ingredients is on the rise. Expanding distribution networks and targeting emerging economies can unlock new opportunities for market expansion.

Pea Fiber Market – Mergers and Acquisitions

The Pea Fiber Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Pea Fiber Market include:

• In 2022, Snappea Foods expanded its operations and sales networks in Singapore to gain control of the South-East Asian market. This strategic move allowed the company to establish a stronger presence and reach consumers more effectively in the region.

• In 2022, Nestle S.A. strengthened its knowledge in agricultural science by entering a cooperative agreement with research institutes. This partnership facilitates knowledge exchange, research collaboration, and access to cutting-edge agricultural technologies, enabling Nestle to enhance sustainability and quality in its agricultural supply chain.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Pea Fiber Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Pea Fiber Market – Significant Threats

The Pea Fiber Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Competition from Alternative Fiber Sources: The pea fiber market faces competition from alternative fiber sources such as wheat, oats, and psyllium husk. Manufacturers may opt for cheaper or more readily available fiber sources, posing a threat to the market share of pea fiber.

• Supply Chain Vulnerabilities: Disruptions in the supply chain, including fluctuations in pea production, transportation challenges, and geopolitical factors, can impact the availability and cost of pea fiber. Supply chain vulnerabilities pose a risk to market stability and may lead to supply shortages or price fluctuations.

• Regulatory Challenges: Evolving regulations related to dietary fiber labeling, health claims, and food safety standards may pose compliance challenges for pea fiber manufacturers. Non-compliance with regulations or failure to meet labeling requirements could result in fines, legal repercussions, and reputational damage, posing a threat to market viability.

• Consumer Perception and Taste Preferences: Despite its health benefits, pea fiber may face challenges related to consumer perception and taste preferences. Some consumers may perceive pea fiber as having a distinct taste or texture compared to other fiber sources, leading to lower acceptance and adoption rates.

• Substitution with Synthetic Ingredients: The use of synthetic or modified fiber ingredients in food and beverage formulations may pose a threat to the pea fiber market. Manufacturers may opt for synthetic fibers due to lower costs or superior functional properties, displacing demand for natural pea fiber and affecting market growth.

Category-Wise Insights:

By Nature

• Natural: Pea fiber extracted from peas without any chemical alteration or synthetic additives. The natural segment in the pea fiber market is witnessing growth due to increasing consumer demand for clean label ingredients and natural food products. Manufacturers are focusing on minimal processing methods to preserve the natural properties of pea fiber, catering to health-conscious consumers seeking wholesome and unprocessed dietary fiber sources.

• Organic: Organic pea fiber is sourced from peas grown using organic farming practices, without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). This segment is experiencing growth as consumers prioritize organic and sustainably produced food ingredients. Manufacturers are obtaining organic certifications and partnering with organic farmers to meet the rising demand for clean label and environmentally friendly pea fiber products.

• Conventional: Conventional pea fiber refers to fiber derived from conventionally cultivated peas, which may involve the use of synthetic fertilizers and pesticides during cultivation. This segment still holds a significant share of the pea fiber market due to its cost-effectiveness and availability. However, there is a growing trend towards natural and organic pea fiber, driven by consumer preferences for healthier and more sustainable dietary fiber options.

By Application

• Normal Food Industry: In the normal food industry, pea fiber serves as a functional ingredient, enhancing texture, moisture retention, and nutritional content in a wide range of food products. Trends include the incorporation of pea fiber in baked goods, snacks, cereals, and meat products to meet consumer demand for clean label, plant-based, and fiber-rich foods.

• Baby Food Industry: Pea fiber is utilized in the baby food industry to enhance the nutritional profile and texture of infant cereals, purees, and snacks. Trends include the formulation of organic and allergen-free baby foods fortified with pea fiber to support healthy digestion and promote gut health among infants and toddlers.

• Children Food Industry: In the children’s food industry, pea fiber is used to develop nutritious and appealing snacks, breakfast cereals, and convenience meals tailored to the tastes and dietary needs of young consumers. Trends include the development of pea fiber-enriched products with fun flavors, shapes, and packaging to encourage children to consume more fiber-rich foods as part of a balanced diet.

• Pet Food Industry: Pea fiber is gaining traction in the pet food industry as a natural and sustainable ingredient that provides dietary fiber and promotes digestive health in companion animals. Trends include the incorporation of pea fiber into pet food formulations to improve stool quality, regulate bowel movements, and support overall gastrointestinal function in dogs and cats.

By Food Products

• Bakery Products: Pea fiber is incorporated into bakery products like bread, cakes, and muffins to enhance texture, moisture retention, and nutritional value, meeting consumer demand for fiber-rich and healthier baked goods. Trends include the development of gluten-free and low-carb bakery products fortified with pea fiber, catering to health-conscious consumers.

• Noodles/Pasta: Pea fiber is utilized in noodles and pasta to improve texture, boost fiber content, and enhance nutritional value. Trends include the introduction of pea fiber-enriched pasta and noodles, offering a healthier alternative to traditional varieties while meeting consumer demand for functional and clean label ingredients.

• Savory: Pea fiber is used in savory food products like soups, sauces, and gravies as a natural thickening agent and texture enhancer. Trends include the incorporation of pea fiber into ready-to-eat meals and convenience foods, addressing consumer demand for convenient and nutritious options with added fiber content.

• Cheese: Pea fiber is utilized in cheese production to improve texture, meltability, and moisture retention while reducing fat content. Trends include the development of low-fat and reduced-calorie cheese products fortified with pea fiber, catering to health-conscious consumers seeking healthier cheese options.

• Meat Products: Pea fiber is incorporated into meat products such as burgers, sausages, and meatballs to improve texture, juiciness, and fiber content while reducing fat content. Trends include the development of plant-based meat alternatives and leaner meat products fortified with pea fiber, meeting consumer demand for healthier and sustainable protein options.

• Snacks and Cereals: Pea fiber is used in snacks and cereals to enhance texture, increase fiber content, and improve nutritional value. Trends include the introduction of pea fiber-enriched snacks and cereals, offering a healthier alternative to traditional varieties while meeting consumer demand for functional and nutritious snack options.

• Others: Pea fiber utilized in various other food products, including beverages, dairy alternatives, and pet foods, to enhance texture, nutritional value, and functional properties. Trends include the exploration of new applications and formulations for pea fiber, addressing diverse consumer needs and preferences across different food categories.

By End Use Industry

• Food Industry: Pea fiber finds applications in the food industry as a functional ingredient, enhancing texture, moisture retention, and nutritional content in various products such as baked goods, snacks, and meat alternatives. Trends include the rising demand for clean label and plant-based ingredients, increased incorporation of dietary fibers for digestive health benefits, and growing consumer preference for fiber-rich foods.

• Dietary Supplements: Pea fiber is utilized in dietary supplements for its beneficial effects on digestive health and weight management. It serves as a source of insoluble fiber, promoting regularity and supporting gut health. Trends include the growing popularity of fiber supplements among health-conscious consumers, the demand for natural and plant-based ingredients, and the development of innovative formulations with enhanced bioavailability.

• Pharmaceutical Industry: In the pharmaceutical industry, pea fiber is used as an excipient in the formulation of tablets and capsules, providing binding and disintegration properties. Trends include the increasing demand for natural and non-allergenic excipients, the development of sustained-release formulations for improved drug delivery, and the exploration of pea fiber’s potential applications in novel drug delivery systems.

• Pet Food & Animal Feed: Pea fiber is incorporated into pet food and animal feed formulations as a source of dietary fiber and a functional ingredient for texture and palatability. Trends include the growing demand for natural and nutritionally balanced pet food products, the development of functional pet treats with added fiber content, and the utilization of pea fiber in specialty diets targeting digestive health in pets.

Report Scope

Pea Fiber Market – Regional Analysis

The Pea Fiber Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: In North America, the pea fiber market is driven by the increasing consumer demand for clean label and plant-based ingredients. Consumers are prioritizing products with natural and sustainable ingredients, leading to a growing adoption of pea fiber in various food and beverage applications. Additionally, there is a trend towards incorporating dietary fibers for digestive health benefits, aligning with the health-conscious consumer preferences prevalent in the region.

• Europe: In Europe, the pea fiber market is influenced by regulatory initiatives promoting dietary fiber consumption and clean label ingredients. Manufacturers are leveraging these trends to develop innovative pea fiber products targeting health-conscious consumers. Furthermore, there is a growing demand for plant-based and sustainable ingredients in the European food industry, driving the adoption of pea fiber as a functional ingredient in a wide range of products.

• Asia-Pacific: In the Asia-Pacific region, the pea fiber market is experiencing rapid growth due to increasing consumer awareness of health and wellness. Pea fiber is gaining traction as a dietary supplement and functional ingredient in food and beverage products catering to the region’s health-conscious population. Additionally, there is a trend towards incorporating natural and plant-based ingredients in Asian cuisines, driving the demand for pea fiber in food applications.

• LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the pea fiber market is influenced by factors such as urbanization, changing dietary habits, and growing consumer awareness of the health benefits of dietary fiber. There is a rising demand for clean label and natural ingredients in the region, leading to the adoption of pea fiber in food and beverage products. Additionally, manufacturers are exploring opportunities to incorporate pea fiber into traditional recipes and specialty foods to meet the diverse preferences of consumers in the region.

Competitive Landscape – Pea Fiber Market

The Pea Fiber Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

• 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

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

Several new players in the pea fiber market have adopted innovation and development strategies to enter the market. These newcomers focus on leveraging advanced processing technologies, exploring novel applications, and offering unique value propositions to differentiate themselves.

Key players dominating the market include established companies like Roquette Frères, Cosucra Groupe Warcoing SA, and Ingredion Incorporated. These industry leaders maintain market dominance through extensive research and development efforts, strategic partnerships, and robust distribution networks, enabling them to offer high-quality pea fiber products and meet the diverse needs of customers globally.

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