Pea Fiber Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Nov-2019 | List of Tables : 80 | List of Figures : 100 | No. of Pages : 170 | Report Code : FACT4312MR | Format :

Inert Cancer Fighting Properties Creating New Growth Avenues; Lack of Consumer Awareness Still a Stumbling Block for Pea Fiber Producers

The world is now awakening to the amazing health benefits of pea fiber, with food and beverages manufacturers looking to leverage its potential in premium products. A recent study conducted by Fact.MR on pea fiber market projects an upward trajectory at a CAGR of 8% during the forecast period (2019 - 2029), on the back of this upswing in interest among end-use industries.

Pea fiber consists of high proportion of various phytonutrients. Extensive research related to cancer has revealed that coumestrol, a polyphenol found in pea fiber can significantly help lower risk of stomach cancer. Research suggests that minimum daily consumption of 2 milligrams of coumestrol can lower risk of gastric cancer. Around 10 milligrams of coumestrol can be extracted from a cup of green peas. Concentration is significantly higher in pea fiber, making it a food additive of choice for myriad applications, especially in dietary supplements. Other research suggests that including 15 grams of yellow pea fiber in the daily diet can help reduce body fat in obese individuals. Moreover, pea fiber is a clean label, non-GMO, and 100% natural ingredient which further increases its adoption across industries, spearheaded by the food industry.

Emerging regions such as East Asia and South Asia are likely to face massive demand for pea fiber owing to changing lifestyle and dietary pattern of people. Increasing elderly population in the region also gives rise to food products enriched with high fiber content to curb dietary diseases, which is projected to further enhance the pea fiber market.

The Race for Pea Fiber Market Share Intensifies with the Trend of Veganism

Leading players operating in vegan food industry are introducing numerous plant-based foods in their product portfolio. With the dietary fiber intake from food poised at 25 to 30 grams daily, this number is expected to increase in the forecast period, which will boost the market of pea fiber moderately.

Demand for pea fiber in animal nutrition products is increasing at a rapid pace. The global demand for animal feed is expected to cross US$ 350 billion by the end of 2029. The rising demand of milk and meat products has created lucrative opportunities for the animal feed market. The growth in animal feed market is expected to impact the pea fiber market to a moderate degree.

Europe and North America Collectively Account for Three Fourths Share of Global Yield for Dry Peas

The most prevalent grain after chickpeas and dry beans is dry peas. North America accounts for a major share in the global dry peas production, with 5.3 million tons followed by Europe with 4.4 million tons. Asia accounts for approximately 3.3 million tons and MEA with almost 1 million tons. The global dry peas production has been increasing drastically from 16.1 million tons in 2016 to 17.7 million tons in 2017. In 2017 to 2018, per capita availability of dry peas is expected to be nearly 1.2 kg. The sufficient availability of raw material for pea fiber is likely to propel the market growth in the forecast period.

The global pea production is rising with a growth rate of nearly 7.5% annually. In 2017 nearly 51,018,989 tons of pea was produced in the global market, out of which more than 18% pea is utilized to obtain co-products such as starch protein and fiber. The massive production of pea is expected to augment the pea fiber market in the terms of raw material availability.

Pricing Pressure Weighs Heavy on Players in Developing Regions in the Pea Fiber Market

As can be seen in the global pea fiber pricing analysis below, prices for inner pea fiber will skyrocket in emerging regions such as MEA on the back of underdeveloped production technologies for inner pea extraction and high overheads incurred during production. Till such time production technology is more streamlined in developing regions, pea fiber will have a lower penetrative reach here.  With more competitive pricing being witnessed in developed regions such as North America, market leaders will race to capture large chunks of the revenue share. To counter declining consumer traffic towards pea fiber in emerging regions due to high cost, industry leaders should focus on technologically advanced yet affordable extraction processes.

pea fiber market 01

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A Small Plant, Big on Protein to Provide Texture and Stability to Meat Products

Various studies have shown that pea fiber can replace 50% to 100% of the protein source in a food product while enhancing juiciness. This enables poultry and meat products to retain its shape after the process of frying or baking. This shape retaining factor further accentuates the water binding property of the pea fiber. A & B Ingredients offer a versatile product called ‘Swelite’, which can reduce cooking losses while enhancing the stability of poultry and meat products. Gil Bakal (Managing director of A & B Ingredient) stated that Swelite controls cooking losses and keep products in their original forms. Besides, Swelite acts as a meat extender, thus, increasing the product economy with the same yield and texture. The demand for meat extenders is growing since the last two decades. This demand is anticipated to heavily influence the growth of the pea fiber market.

Affordable Alternatives to Hinder Market Growth

The high price of pea fiber as compared to other alternatives in their natural form such as lentils, kidney beans, and chickpeas are expected to hamper market growth, primarily in Asian countries. The fiber content of lentils, kidney beans, and chickpeas are nearly 1.2% lesser than that of pea fiber. However, many manufacturers are choosing alternative products at a lower cost. The low cost of pea is profoundly influencing market growth in Asian countries. Increasing adoption of quinoa, broccoli, chickpeas, and lentil fibers is hampering the market growth of pea fiber significantly. Moreover, health factors associated with pea fiber are nearly the same as that of other alternatives. Hence, manufacturers prefer to choose other alternatives rather than pea fiber. However, demand for Pea Fiber in supplements is expected to show significant growth, as demand for fiber-dense additives is rising expressively.

Prominent Manufacturers Are Focused on Backward Integration and Pelletization as a Unique Packaging Trend

The global pea fiber market is consolidated in nature and significant share in the pea fiber market is acquired by top players such as Roquette Freres SA, Emsland Group, Puris Proteins, LLC, Cosucra and Quadra Chemicals. Since their establishment, these players have increased their revenue and market presence rigorously and are focused on increasing their production capacity to fulfill global demand. Top manufacturers operating in the pea fiber market are adopting new drying and extraction processes to improve their production capacity. Recently, Roquette Frères has developed a versatile production method that will extract starch, protein and fiber at the same time. Leading companies such as Puris have received significant investments from food giant Cargill to increase their production capacity of pea co-products.   

The demand for pea fiber in animal food has increased drastically over the last few years. For fulfilling this, manufacturers are adopting Pelletization of peas to help ease out transportation and packaging. For instance, Vestkorn Milling AS has been providing pea fiber in pellets. The pea fiber pellet reduces handling cost and paves the way for cheaper transportation; this technique of pelletization enhances product safety, causes less dust and is easier to handle.

pea fiber market 02

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Prominent manufacturers, such as Puris Proteins, LLC, are focused on increasing their productivity through backward integration. They offer seeds (mainly non-GMO) to manufacturers to get quality raw material for their products. In 2018, David Henstrom, who is a vice president of Cargill starches, sweeteners, and texturizers, said that Puris is a game-changer in terms of taste and vertical integration of pea co-products. By executing this backward integration strategy, the company can gain more control over their value chain, which will increase efficiency and help gain direct access to the raw material that they need. Besides, companies can stay ahead of their competitors by gaining access to specific resources and markets, including patents and technologies.

Some noteworthy developments in the Pea Fiber market are as follows:

  • In September 2019, Avena Foods, Limited participated in the International Baking Industry Exposition (IBIE) 2019, showcasing the usage of Pea Fiber 200, Chickpea Flour, and Pulse Egg Replacer. This allowed it to enhance its brand value.
  • In 2019, Cargill, Incorporated invested US$ 75 Mn in Puris Proteins, LLC. This investment will significantly increase the company's pea protein and its co products production capacity.
  • In Feb 2019, Farbest Brands launched two new products - Stevia InSweet and Vitosa. This development has helped it gain a new status as a legal distributor in the U.S. of HB Natural Ingredients Stevia.
  • In April 2019, Vestkorn Milling AS was certified Kosher for manufacturing pea fiber under strict supervision. This will enhance its product safety from the manufacturers end.

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Global Pea Fiber Market - Scope of the Report

The pea fiber market is anticipated to observe a significant growth in the forecast period of 2019 to 2029, according to the Fact.MR study. The study propounds key trends that are currently shaping the growth of the pea fiber market. This newly published and insightful report sheds light on the key dynamics, which are expected to transform the future of the pea fiber market. This, in turn, is creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of pea fiber.

The pea fiber market study is a sinuous market intelligence on the key drivers, challenges, industry trends and opportunities, which is likely to influence the growth trajectory of the pea fiber market. The report initially imparts an overview of the pea fiber market, considering current and future prospects in the growth, to unveil attractive facets pertaining to the adoption of pea fiber across key regional markets.

An in-depth assessment on few of the pea fiber manufacturers offered in the report enables the report readers to gain detailed insights that are derived from pea fiber manufacturers across regional markets. A list of key companies operating in the pea fiber market provided in the report adds to the credibility of this exhaustive research study.

Global Pea Fiber Market: Opportunity Analysis

The report offers a detailed study on different factors influencing demand, sales, and revenue generation in the pea fiber market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the pea fiber market, which in turn, is likely to trigger the adoption of pea fiber. An elaborated cost structure analysis provides the report with an innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.

A detailed forecast on the global pea fiber market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period. Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global pea fiber market.

Global Pea Fiber Market: Segmentation

Segmentation table of the global pea fiber market has been provided below on the basis of type, application, source, grade and region.

Type

Application

Source

Grade

Region

Inner Pea Fiber

Bakery

Organic

Food Grade

North America

Outer Pea Fiber

Vegan Meat Substitute

Conventional

Feed Grade

Latin America

 

Soups & Sauces

 

 

Europe

 

Beverages

 

 

East Asia

 

Animal Foods

 

 

South Asia and Oceania

 

Other Applications

 

 

MEA

Global Pea Fiber Market: Analysis on Market Size Evaluation

Market valuation at the global and regional scale for the global pea fiber market is offered in terms of “US$ Th.” A Y-o-Y growth comparison on the key pea fiber market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Metrics mentioned above are also tracked based on consumption across several regions where pea fiber is witnessing a growing demand.

Global Pea Fiber Market: Scrutinized Assessment on Regional Segments

Weighted chapters have been included in the report on the global pea fiber market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth on the global pea fiber market in the near future.

Country-specific assessment on the demand for pea fiber has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.

Global Pea Fiber Market: In-depth Analysis on Competitive Landscape

The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to market players, who are predominantly engaging in the production and distribution of pea fiber, along with company’s strategies, identification, and analysis. Market share comparison and analysis of these market players offered in the report enables readers to devise strategies for their businesses.

The intensity mapping of the market players operating in the global pea fiber market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global pea fiber market.

1. Executive Summary

    1.1. Global Market Overview

    1.2. Summary of Statistics

    1.3. Fact.MR Analysis

    1.4. Market Trends

2. Market Overview

    2.1. Market Coverage 

        2.1.1. Taxonomy

    2.2. Market Introduction

    2.3. Market Definition

3. Market Background

    3.1. Global Dietary Fiber Market (US$ Mn)

    3.2. Global Dry Pea Production (Tons), by Country

    3.3. Pea Fiber Market Opportunity Assessment

    3.4. Forecast Scenario

    3.5. Investment Feasibility Assessment

    3.6. Regulatory Framework

    3.7. Macro-Economic Factors

        3.7.1. Global Per Capita GDP Growth Rate

        3.7.2. GDP Growth Outlook

        3.7.3. Food and Beverage Industry Outlook 

        3.7.4. Per Capita Disposable Income

        3.7.5. Middle Income Population Group

        3.7.6. Growth in Number of High Networth Individuals

        3.7.7. Unemployment Rate

        3.7.8. Wages Growth

        3.7.9. Consumer Confidence Index

    3.8. Forecast Factors 

    3.9. Value Chain Analysis 

    3.10. List of Leading Raw Pea Traders 

    3.11. Market Dynamics

        3.11.1. Drivers

        3.11.2. Trends

        3.11.3. Opportunity

        3.11.4. Restraints

4. Global Pea Fiber - Pricing Analysis

    4.1. Pricing Analysis By Type

    4.2. Pricing Analysis By Region

5. Global Pea Fiber Demand Analysis 2014-2018 and Forecast, 2019-2029

    5.1. Historical Market Volume (Tons) Analysis, 2014-2018

    5.2. Current and Future Market Volume (Tons) Projections, 2019-2029

    5.3. Y-o-Y Growth Trend Analysis

6. Global Pea Fiber Demand (US$ Th) Analysis 2014-2018 and Forecast, 2019-2029

    6.1. Historical Market Value (US$ Th) Analysis, 2014-2018

    6.2. Current and Future Market Value (US$ Th) Projections, 2019-2029

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Global Pea Fiber Analysis 2014-2018 and Forecast 2019-2029, by Function 

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Th) and Volume (Tons) Analysis By Function, 2014 - 2018

    7.3. Current and Future Market Size (US$ Th) and Volume (Tons) Analysis and Forecast By Function, 2019 – 2029

        7.3.1. Permanent 

        7.3.2.  Temporary

    7.4. Market Attractiveness Analysis By Function 

8. Global Pea Fiber Analysis 2014-2018 and Forecast 2019-2029, by Type 

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Th) and Volume (Tons) Analysis By Type, 2014 - 2018

    8.3. Current and Future Market Size (US$ Th) and Volume (Tons) Analysis and Forecast By Type, 2019 - 2029

        8.3.1. Inner Pea Fiber 

        8.3.2. Outer Pea Fiber

    8.4. Market Attractiveness Analysis By Type

9. Global Pea Fiber Analysis 2014-2018 and Forecast 2019-2029, by Application

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Th) and Volume (Tons) Analysis By Application, 2014 - 2018

    9.3. Current and Future Market Size (US$ Th) and Volume (Tons) Analysis and Forecast By Application, 2019 - 2029

        9.3.1. Bakery 

        9.3.2. Vegan Meat Substitute 

        9.3.3. Soups & Sauces 

        9.3.4. Beverages 

        9.3.5. Animal Foods 

        9.3.6. Other Applications

    9.4. Market Attractiveness Analysis By Application

10. Global Pea Fiber Analysis 2014-2018 and Forecast 2019-2029, by Source

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Th) and Volume (Tons) Analysis By Source, 2014 - 2018

    10.3. Current and Future Market Size (US$ Th) and Volume (Tons) Analysis and Forecast By Source, 2019 - 2029

        10.3.1. Organic 

        10.3.2. Conventional

    10.4. Market Attractiveness Analysis By Source

11. Global Pea Fiber Analysis 2014-2018 and Forecast 2019-2029, by Grade

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Th) and Volume (Tons) Analysis By Grade, 2014 - 2018

    11.3. Current and Future Market Size (US$ Th) and Volume (Tons) Analysis and Forecast By Grade, 2019 - 2029

        11.3.1. Food Grade 

        11.3.2. Feed Grade

    11.4. Market Attractiveness Analysis By Grade

12. Global Pea Fiber Analysis 2014-2018 and Forecast 2019-2029, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Th) and Volume (Tons) Analysis By Region, 2014 - 2018

    12.3. Current Market Size (US$ Th) and Volume (Tons) Analysis and Forecast By Region, 2019 - 2029

        12.3.1. North America 

        12.3.2. Latin America 

        12.3.3. Europe 

        12.3.4. East Asia 

        12.3.5. South Asia and Oceania 

        12.3.6. MEA 

    12.4. Market Attractiveness Analysis By Region

13. North America Pea Fiber Analysis 2014-2018 and Forecast 2019-2029

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Th) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018

    13.4. Market Size (US$ Th) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029

        13.4.1. By Type 

        13.4.2. By Application

        13.4.3. By Source

        13.4.4. By Grade

        13.4.5. By Country

            13.4.5.1. U.S.

            13.4.5.2. Canada

    13.5. Market Attractiveness Analysis

        13.5.1. By Type 

        13.5.2. By Application

        13.5.3. By Source

        13.5.4. By Grade

        13.5.5. By Country

14. Latin America Pea Fiber Analysis 2014-2018 and Forecast 2019-2029

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Th) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018

    14.4. Market Size (US$ Th) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029

        14.4.1. By Type 

        14.4.2. By Application

        14.4.3. By Source

        14.4.4. By Grade

        14.4.5. By Country

            14.4.5.1. Brazil

            14.4.5.2. Mexico

            14.4.5.3. Rest of Latin America

    14.5. Market Attractiveness Analysis

        14.5.1. By Type 

        14.5.2. By Application

        14.5.3. By Source

        14.5.4. By Grade

        14.5.5. By Country

15. Europe Pea Fiber Analysis 2014-2018 and Forecast 2019-2029

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Th) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018

    15.4. Market Size (US$ Th) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029

        15.4.1. By Type 

        15.4.2. By Application

        15.4.3. By Source

        15.4.4. By Grade

        15.4.5. By Country

            15.4.5.1. Germany 

            15.4.5.2. Spain 

            15.4.5.3. UK 

            15.4.5.4. Benelux 

            15.4.5.5. Russia 

            15.4.5.6. Rest of Europe

    15.5. Rest of Europe Market Attractiveness Analysis

        15.5.1. By Type 

        15.5.2. By Application

        15.5.3. By Source

        15.5.4. By Grade

        15.5.5. By Country

16. East Asia Pea Fiber Analysis 2014-2018 and Forecast 2019-2029

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Th) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018

    16.4. Market Size (US$ Th) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029

        16.4.1. By Type 

        16.4.2. By Application

        16.4.3. By Source

        16.4.4. By Grade

        16.4.5. By Country

            16.4.5.1. China 

            16.4.5.2. Japan 

            16.4.5.3. South Korea

    16.5. Market Attractiveness Analysis

        16.5.1. By Type 

        16.5.2. By Application

        16.5.3. By Source

        16.5.4. By Grade

        16.5.5. By Country

17. South Asia and Oceania Pea Fiber Analysis 2014-2018 and Forecast 2019-2029

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Th) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018

    17.4. Market Size (US$ Th) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029

        17.4.1. By Type 

        17.4.2. By Application

        17.4.3. By Source

        17.4.4. By Grade

        17.4.5. By Country

            17.4.5.1. Thailand 

            17.4.5.2. India 

            17.4.5.3. Bangladesh 

            17.4.5.4. New Zealand 

            17.4.5.5. Australia 

            17.4.5.6. Rest of South Asia  

    17.5. Market Attractiveness Analysis

        17.5.1. By Type 

        17.5.2. By Application

        17.5.3. By Source

        17.5.4. By Grade

        17.5.5. By Country

18. Middle East and Africa Pea Fiber Analysis 2014-2018 and Forecast 2019-2029

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Th) and Volume (Tons) Trend Analysis By Market Taxonomy, 2014 - 2018

    18.4. Market Size (US$ Th) and Volume (Tons) Forecast By Market Taxonomy, 2019 - 2029

        18.4.1. By Type 

        18.4.2. By Application

        18.4.3. By Source

        18.4.4. By Grade

        18.4.5. By Country

            18.4.5.1. Turkey 

            18.4.5.2. Northern Africa 

            18.4.5.3. South Africa 

            18.4.5.4. Rest of MEA

    18.5. Market Attractiveness Analysis

        18.5.1. By Type 

        18.5.2. By Application

        18.5.3. By Source

        18.5.4. By Grade

        18.5.5. By Country

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies 

    19.2. Market Concentration

    19.3. Market Share Analysis of Top Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive 

        20.3.1. Avena Foods, Limited

        20.3.2. AM Nutrition

        20.3.3. Roquette Freres SA

        20.3.4. Emsland Group

        20.3.5. Puris Proteins, LLC

        20.3.6. A&B Ingredients Inc. 

        20.3.7. Farbest Brands 

        20.3.8. Vestkorn Milling AS 

        20.3.9. Cosucra

        20.3.10. Quadra Chemicals

        20.3.11. InterFiber

        20.3.12. Parrish & Heimbecker Limited

        20.3.13. Belle Pulses

        20.3.14. G.S. DUNN DRY MUSTARD MILLERS

        20.3.15. Nutraonly (Xi'an) Nutritions Inc

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Pea Fiber Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029