Pea Fiber Industry Analysis in South Asia & Oceania

Pea Fiber Sales Outlook for South Asia & Oceania (2024 to 2034)

Pea fiber demand in South Asia & Oceania is estimated to account for a market revenue of US$ 2.44 billion in 2024 and is forecasted to increase at 6.9% CAGR over the next ten years. As such, sales of pea fiber in the region are projected to reach US$ 4.77 billion by the end of 2034.

Growing focus on health and nutrition in South Asia & Oceania is increasing emphasis on fiber consumption and this is projected to augment demand for pea fiber over the coming years. Surging prevalence of digestive disorders, high consumption of vegan and plant-based food products, rising popularity of clean label trends, and evolving consumer preferences are forecasted to be key prospects to boost shipments of pea fiber across the study period and beyond. Growing focus on sustainability in South Asia & Oceania is another key factor that is set to drive up pea fiber sales in the long run.

• Organic pea fiber demand is estimated to rise at 5.7% CAGR from 2024 to 2034 in SAO.

Report Attributes	Details
Pea Fiber Sales in South Asia & Oceania (2024E)	US$ 2.44 Billion
Projected Sales (2034F)	US$ 4.77 Billion
Demand Growth (2024 to 2034)	6.9% CAGR
Sales in New Zealand (2024E)	US$ 225.3 Million
Demand Growth in Rest of South Asia (2024 to 2034)	4.6% CAGR
Food Grade Pea Fiber Sales (2024E)	US$ 1.53 Billion
Conventional Pea Fiber Market Share (2024E)	86.5%
Sales in Australia (2024E)	US$ 320.7 Million
Key Companies Profiled	Roquette Freres SA A&B Ingredients Inc. Emsland Group Cosucra Quadra Chemicals Vestkorn Milling AS Parrish & Heimbecker Limited

What are the Opportunities on Offer for Start-ups?

“Adoption of Plant-based Diets to Help New Pea Fiber Companies”

An increasing number of people willing to opt for and spend on plant-based foods is slated to widen the scope of application for pea fiber in South Asia & Oceania over the coming years. The growing use of pea fiber to make plant-based meat and other products is slated to create new business opportunities for aspiring as well as established pea fiber vendors across the study period and beyond. High demand for organic food products is a trend that could also provide attractive growth scope for upcoming pea fiber manufacturers through 2034.

• Around 8.7% of pea fiber in South Asia & Oceania is forecasted to be used for vegan meat substitute application in 2024.
• Organic pea fiber sales are set to reach US$ 329.4 million in 2024.

Find more details of growth-augmenting factors such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study on pea fibers by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

India, Australia, Thailand, and New Zealand are projected to emerge as the most opportune markets in South Asia & Oceania over the next ten years.

What’s Attracting Pea Fiber Suppliers to India?

“Evolving Dietary Patterns and Changing Consumer Food Preferences”

Attribute	India
Market Value (2024E)	US$ 1.19 Billion
Growth Rate (2024 to 2034)	7.8% CAGR
Projected Value (2034F)	US$ 2.54 Billion

Dietary preferences and patterns of Indian people have been changing rapidly in the past few years and this can be ascribed to the increasing influence of Western culture and rising disposable income. The growing number of vegans and increasing preference for plant-based food products are also forecasted to boost the consumption of pea fiber in India over the next ten years and beyond.

Why Should Pea Fiber Companies Target Thailand?

“Surging Demand for Plant-based Meat in the Country”

Attribute	Thailand
Market Value (2024E)	US$ 440 Million
Growth Rate (2024 to 2034)	6.2% CAGR
Projected Value (2034F)	US$ 810 Million

Vegan trend is popular in Thailand even before the term vegan was coined and this can be directly attributed to the Buddhist and Taoist religious practices in the country. As more and more people turn towards veganism and opt for plant-based diets, the demand for plant-based meat and meat alternatives is increasing in Thailand.

Pea fiber has an excellent texture that could enhance the flavor and feel of plant-based meat, which is why its sales are projected to increase as the demand for meat alternatives surges in Thailand over the coming years. A rising number of vegan cafes and restaurants serving plant-based delicacies are also slated to bolster shipments of pea fiber in the country as it is a very versatile ingredient in the formulation of many vegan recipes.

Category-wise Insights

Pea fiber manufacturers in South Asia & Oceania are focusing on supplying outer hull fiber for the animal feed industry owing to rising demand for plant-based animal feed.

Which Type of Pea Fiber is Highly Sought After?

“Outer Pea Hull Fiber Accounts for Prominent Revenue Share”

Attribute	Outer Hull Fiber
Segment Value (2024E)	US$ 1.9 Billion
Growth Rate (2024 to 2034)	7.2% CAGR
Projected Value (2034F)	US$ 3.83 Billion

Fibers from the outer hull are stronger and more resistant to wear as compared to the inner fiber. Outer hull fiber of peas is comparatively less expensive to extract and process, which is why it is used in a wide variety of applications. Outer hull fiber is less likely to absorb moisture and are closely packed to give a better appearance.

Where is Most Pea Fiber Utilized?

“Bulk of Pea Fiber Used in Animal Feed Formulation”

Attribute	Animal Foods
Segment Value (2024E)	US$ 909.1 Million
Growth Rate (2024 to 2034)	8.3% CAGR
Projected Value (2034F)	US$ 2.03 Billion

As people shift toward a plant-based lifestyle they are choosing plant-based animal feed for their pets and this trend is projected to boost demand for pea fiber in animal feed formulation through 2034. The inexpensive nature of pea fiber and its capability to improve nutrient absorption in animals are other prospects that are predicted to uplift sales of pea fiber in animal feed applications across the study period.

Analysts’ Opinion

Pea fiber manufacturers are focusing on developing new pea hull fiber products to boost their sales and revenue generation potential. Pea fiber supplements, pea fiber-based meat products, vegan dog food with pea fiber, and pea fiber in processed foods are estimated to be popular products that will be in high demand over the coming years.

• In April 2021, Agrocorp International, an agricultural commodities company focusing on sustainable sourcing, announced the launch of its new dairy-free paneer alternative made from pea protein and pea fiber under Agrocorp’s HerbYvore brand. The product is made from Canadian-grown peas and locally manufactured in Singapore.

Segmentation of Pea Fiber Study in South Asia & Oceania

• By Type :

  • Inner Hull Fiber
  • Outer Hull Fiber

• By Source :

  • Organic
  • Conventional

• By Grade :

  • Food Grade
  • Feed Grade

• By Application :

  • Bakery
  • Vegan Meat Substitutes
  • Soups & Sauces
  • Beverages
  • Animal Foods
  • Other Applications

• By Country :

  • India
  • Thailand
  • Bangladesh
  • Australia
  • New Zealand
  • Rest of South Asia