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.

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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.

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.

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

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