North American Organic Pea Fiber Market Accounts for Nearly 1/3rd of the Global Market Share – Fact.MR Study

The global pea fiber market is poised to expand at a CAGR of nearly 8% between 2020 and 2030, attributed to rising demand for meat substitute products in established markets such as North America and Europe. Additionally, a rise in the gluten-free cohort has augmented demand of dietary fiber products in the market. Pea fiber in the pet food industry, notably pea fiber in dog food has been emerging as a significant pea fiber product. The COVID-19 pandemic is poised to have a negligible impact as key manufacturers have adequate inventory at their disposal, thus making it easier to cater to market demand.

Based on the previous projections, market value for the pea fiber market was estimated to reach around US$ 18 Mn in 2020. However, with the COVID-19 outbreak, the year-on-year market growth is projected to plunge to around 5% in 2020. Q1 is expected to bear a significant brunt of the pandemic. The market is expected to become more stable by the end of the third quarter. Joint efforts made by players to expand their production capacity will benefit market growth in the long run.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Pea Fiber market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Pea Fiber

This newly published and insightful report sheds light on Market Insights of Pea Fiber, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Pea Fiber Market.

Organic pea fiber expected to showcase an absolute $ opportunity of nearly US $2.4 Mn owing to the rising preference of organic labels and awareness of pea fiber benefits in established markets. While the pea fiber market is dominated by the conventional segment, recent trends of organic products have been influencing the market of organic pea fibers. The bakery product segment is emerging as a new arena for pea fiber, owing to the rising demand for organic grains and breads from health-conscious customers.

Global Pea Fiber Market Insights by Region
The North American pea fiber market accounts for nearly 1/3rd of the consumption owing to a burgeoning transformation of dietary habits. A large number of pea fiber producers are concentrated in the North American market owing to the growth opportunity lying in pet food and vegan substitute products. In Europe, the United Kingdom accounts for a substantial amount of export of pea fiber. The market holds an absolute $ opportunity of nearly US $5 Mn.

The East Asian market is likely to witness higher than expected growth due to the presence of multiple manufacturers and suppliers at the local level. The availability of raw material for manufacture of pea fiber powder in high quantities has highly benefitted local players. The pea fiber manufactured in East Asia has been exported to multiple European and North American manufacturing facilities. The trend of organic restaurants has acquired increasing popularity in China.

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Pea fiber market: Segmentation

FactMR’s study has done the segmentation of pea fiber market on the basis of type, source, application, and grade across 6 regions.

Type
• Inner Fiber
• Outer Fiber
• Source
• Organic
• Conventional

Application
• Bakery
• Vegan Meat Substitute
• Soups & Sauces
• Beverages
• Animal Foods

Other Application
• Grade
• Food Grade
• Feed Grade

Regions
• North America
• Latin America
• Europe
• East Asia
• South Asia and Oceania
• MEA

Pea fiber market: Analysis on Market Size Evaluation

Predictions of pea fiber market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.

Market estimates at the regional and global scale for pea fiber market are available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent pea fiber market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on pea fiber market applications where pea fiber market witness a steady demand.

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Pea fiber market: In-depth Analysis on Competitive Landscape

The report ends with a section on the competition scenario of pea fiber market, along with the profiles of major companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of pea fiber market, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.

Company profiles have been shared with report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized along with the company policies identification and analysis. The company presence mapped and presented through the matrix for all the prominent players of the market functioning in pea fiber market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in pea fiber market. Major companies operating in pea fiber market are, Roquette Freres SA, Emsland Group, Puris Proteins, LLC, Cosucra, Quadra Chemicals, P&H milling Group, Avena Foods, Limited and several others.

Key Takeaways of the Pea Fiber Market

According to Fact.MR, animal feed is the leading application for pea fiber and is expected to continue along the high growth trajectory over the following decade
Organic pea fiber is estimated to be predominantly used in food sector, as an additive in premium organic food
Pea fiber is also used in vegan food products and is the perfect fiber of choice for products directed at lactose-intolerant consumers
Fact.MR notes that pea fiber with non-GMO and HACCP certifications are highly sought after by end-use industries to ensure regulatory compliance
Canada is the world’s largest producer of pea. Moreover, North America has a high density of vegans, making it a highly lucrative market for pea fiber, especially for inner hull pea fiber
Russia is projected to emerge as the largest producer of pea in the not-so-distant future. This, along with the high density of food manufacturers and propensity of the populace towards adopting all natural food products, positions it as a high growth market towards the latter half of the market.

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More Valuable Insights on Pea Fiber Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Pea Fiber, Sales and Demand of Pea Fiber, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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