Press release
South Asia And Oceania Pea Fiber Consumption Is Expected To Grow By Nearly 2x By 2032
The Pea Fiber Market is examined from every viewpoint in the Fact.MR study. It provides reliable information on the important variables, inhibitors, issues, and opportunities in the Pea Fiber Market for Pea Fiber. Despite this, the research presents a clear picture of the needs and consumption of numerous goods and services linked with the dynamics of the pea fibre market's evolution from 2016 to 2021.The study includes a thorough examination of prospective routes in several segments of the pea fibre industry from 2022 to 2032. The competitive environment, opportunity assessment, regional segmentation, and application/end-use analysis are just a few of the components that provide information about pea fibre.
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Key Takeaways of Pea Fiber Market Study:
The North American pea fiber market is expected to grow at a CAGR of nearly 9% during 2020-2030 owing to the rising demand for organic labels in the market.
Pea fiber demand for animal foods is expected to expand nearly 2X during 2020-2030 owing to high demand growth for pet food.
The utilization of pea fiber in bakery products, is expected to showcase an absolute $ opportunity of nearly US $ 4 Mn during the forecast period.
South Asia and Oceania pea fiber consumption is expected to grow by nearly 2X, owing to the rising shift towards special diets from traditional staples.
"North America is expected to be a highly lucrative pea fiber market, owing to the humungous opportunities in food grade applications of pea fiber, wherein the demand among beverages is expected to be significant." says the Fact.MR analyst.
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Pea Fiber Market Manufacturers' Insights
The pea fiber market is partially fragmented, with the top competitors controlling roughly 60% of the market. Established market players are concentrating their efforts on the acquisition of smaller firms. Furthermore, the major competitors in the pea fibre market are working to increase their market position by expanding their processing capacity. COSUCRA has invested almost US $103 million in its pea processing factory since 2018, with the goal of increasing revenue by nearly 50% by 2024. In 2019, the company will open its second facility in Europe, with an expenditure of about US $65 million. Similarly, in 2019, Cargill Inc. committed about US $75 million in its joint venture with PURIS to increase the plant's production capacity.
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Through this report, reader gets insights and assessments on following aspects:
Recent rules in important industries have an impact on total demand for Pea Fiber.
Detailed company profiles of the various Pea Fiber market players
Significant trends highlighting big investments by prominent owners in a variety of countries
Changing consumer tastes and current developments in key industries
New investment opportunities in a variety of technology and product/service sectors
Trends in consumption and demand across a variety of product categories
The findings and projections in this report are the result of extensive research by Factmr experts. Because of the new approach and practical suggestions provided in this report, stakeholders will be better able to comprehend the growth dynamics of the global market for Pea Fiber.
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This study offers all-inclusive data on:
Study of policies in wealthy as well as developing nations to understand what components are vital in aiding participants to recover following COVID-19 epidemic, with a focus on prospective adjustments in the post-COVID period. Important rules and norms adopted by governmental organisations
Evaluation of the size and market shares of key product segments
analysis of several technologies that are crucial in driving the market for flash dryers' demand
a summary of current and future research and development projects being carried out by both governmental and private organisations working in the pea fibre sector
A thorough analysis of the financial disruptions that the COVID-19 pandemic is projected to cause in several global areas for the next few months
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