Pea Fiber Market
Pea Fiber Market Analysis by Inner Hull Fiber and Outer Hull Fiber for Bakery, Vegan Meat Substitutes, Soups & Sauces, Beverages, and Animal Food from 2024 to 2034
Analysis of Pea Fiber Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Pea Fiber Market Outlook (2024 to 2034)
The global pea fiber market size is estimated at a value of US$ 23.88 billion in 2024 and is forecasted to reach US$ 50.8 billion by the end of 2034, expanding at a 7.8% CAGR from 2024 to 2034.
Fiber extracted from the inner or outer hull of yellow and green peas is known as pea fiber. Growing demand for plant-based dietary fiber around the world owing to the expanding vegan population is projected to augment pea fiber consumption in the long run.
The rising popularity of digestive benefits associated with peas is also estimated to uplift the product demand over the coming years. The high prevalence of chronic disorders and growing demand for gluten-free products are also predicted to benefit pea fiber market growth in the future. The surging use of pea fiber in the formulation of animal feed owing to rising demand for plant-based pet food is also projected to be a key market trends for pea fiber companies to keep an eye out for through 2034.
- Around 15,122.5 tons of pea fiber is estimated to be used in animal feed applications in 2024.
Evolving dietary preferences of people around the world and the rising popularity of clean label and sustainable eating trends are also forecasted to boost consumption of pea fiber over the next ten years and beyond. High demand for organic ingredients in different food products is also projected to bolster pea fiber market development across the study period.
- From 2024 to 2034, worldwide sales of organic pea fiber are forecasted to rise at 7.4% CAGR.
High investments in the research and development of novel plant-based ingredients such as plant-based protein and plant-based dietary fiber are also estimated to favor market growth in the long term. Surging use of pea fiber for vegan meat substitute manufacturing is also forecasted to create highly rewarding business opportunities for pea fiber distributors through 2034.
Report Attributes | Details |
---|---|
Pea Fiber Market Size (2024E) | US$ 23.88 Billion |
Projected Market Value (2034F) | US$ 50.8 Billion |
Global Market Growth Rate (2024 to 2034) | 7.8% CAGR |
North America Market Share (2024E) | 36.9% |
Sales in Germany (2024E) | US$ 2.07 Billion |
Conventional Pea Fiber Demand Growth (2024 to 2034) | 7.9% CAGR |
Sales in New Zealand (2024E) | US$ 225.3 Million |
Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
How Can Start-ups Make a Name for Themselves in The Pea Fiber Business?
“Rising Adoption of Plant-based Diets Offering Moneymaking Opportunities”
Trends in sustainable living and veganism have promoted the adoption of plant-based diets thereby creating a high demand for pea fiber on a global level. Incoming pea fiber providers can invest in product innovation to create new offerings that allow them to stand out from the competition and make a name for themselves in this marketplace. Rising consumption of organic food products around the world is also slated to open up new avenues of opportunity for aspiring pea fiber manufacturers across the study period.
Start-ups can gain a detailed understanding of factors such as local supply, pricing trends, product standards, safety regulations, and new developments in this pea fiber market research analysis by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Why is Europe a Key Market for Pea Fiber Companies?
“Rapidly Increasing Vegan Population in the Region”
Attribute | Europe |
---|---|
Market Value (2024E) | US$ 6.71 Billion |
Growth Rate (2024 to 2034) | 7.8% CAGR |
Projected Value (2034F) | US$ 14.3 Billion |
The popularity of sustainable eating and the clean label trend is projected to primarily augment the demand for pea fiber in the European region across the study period. The rapidly rising vegan population in several European countries, such as the United Kingdom, Germany, Norway, Sweden, etc., is also set to boost the consumption of pea fiber in this region going forward. Rising demand for products made with gluten-free and non-GMO ingredients in Europe is also forecasted to play in the hands of pea fiber companies through 2034.
- The United Kingdom secured the top spot in terms of the number of vegans in the country around the world, as per an article published on the World Population Review website.
The commitment to the health and sustainability of European consumers is unmatched, and this is creating a lucrative setting for pea fiber suppliers to expand their business in the long run. Pea plants require less water for their growth, making them a more sustainable choice as compared to other plant-based dietary fiber available in the European landscape.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Country-wise Insights
Investing in European countries will surely pay off big for pea fiber companies in the long run, but they can also focus on countries such as China, the United States, India, Australia, and New Zealand to start growing immediately as these countries are witnessing a major change in consumer preferences.
Which Asian Countries Should Pea Fiber Suppliers Target?
“China and India Will Offer Highly Lucrative Business Scope”
Attribute | China |
---|---|
Market Value (2024E) | US$ 3.05 Billion |
Growth Rate (2024 to 2034) | 7.5% CAGR |
Projected Value (2034F) | US$ 6.3 Billion |
Consumers in Asian countries such as India, China, and Japan are becoming more aware of their health and fitness, which is projected to uplift sales of pea fiber in these countries going forward. The rising availability of plant-based food products and the growing willingness of Asian consumers to spend more on organic and natural products are also forecasted to favor the pea fiber demand outlook over the coming years.
High demand for organic plant-based ingredients in the formulation of dietary supplements, nutraceuticals, and pharmaceuticals is also predicted to create a new business scope for pea fiber suppliers in the aforementioned Asian countries going forward.
What Makes the United States a Highly Opportune Market?
“Surging Use of Pea Fiber in Different Industry Verticals”
Attribute | United States |
---|---|
Market Value (2024E) | US$ 7.93 Billion |
Growth Rate (2024 to 2034) | 8.9% CAGR |
Projected Value (2034F) | US$ 18.7 Billion |
In terms of country, the United States is leading pea fiber sales not just in the North American region but around the world. High consumer spending potential for plant-based products and increasing consumption of plant-based dietary fiber for its weight management characteristics are primarily driving shipments of pea fiber in the country. The growing adoption of plant-based ingredients in different food products and the rising popularity of vegan pet food are also creating new opportunities for pea fiber vendors in the United States going forward.
Category-wise Insights
Pea fiber manufacturers are focusing on supplying food grade outer hull fiber to maximize their revenue generation and capitalize on the growing use of pea fiber in different types of food products.
Which Grade Pea Fiber Accounts for Most Revenue?
“Food Grade Pea Fiber to Hold Significant Pea Fiber Market Share”
Attribute | Food Grade |
---|---|
Segment Value (2024E) | US$ 16.9 Billion |
Growth Rate (2024 to 2034) | 7.9% CAGR |
Projected Value (2034F) | US$ 36.2 Billion |
Increasing demand for plant-based food products and the growing popularity of veganism are forecasted to bolster demand for food grade pea fiber around the world. The growing use of plant-based fiber in the formulation of supplements and rising concerns regarding health are predicted to bolster shipments of food grade pea fiber over the coming years.
Fiber of Which Part of Peas is Used Extensively?
“Outer Pea Hull Fiber to Spearhead Revenue Generation”
Attribute | Outer Hull Fiber |
---|---|
Segment Value (2024E) | US$ 14.12 Billion |
Growth Rate (2024 to 2034) | 7.7% CAGR |
Projected Value (2034F) | US$ 29.9 Billion |
Outer hull fiber from peas is stronger and less likely to absorb moisture as compared to inner hull fiber, which makes it a preferred choice for multiple applications across different industry verticals. The extraction and processing of outer hull fiber is less expensive as compared to inner hull fiber, thereby allowing companies to gain more profits with less investment. The better texture and wear resistance of outer pea hull fiber are also predicted to contribute to the increasing pea fiber market size in the future.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Leading pea fiber companies are focusing on expanding their business potential and reach by opting for mergers, acquisitions, partnerships, and collaborations.
- In December 2021, Royal DSM, a renowned Dutch multinational organization working in different industry verticals, announced that it had completed the acquisition of Vestkorn Milling, a leading producer of pea-derived products based in Europe. The acquisition was completed at an enterprise value of US$ 79.97 million.
- In August 2019, Cargill, a privately held American food company, announced that it had invested US$ 75 million in PURIS to expand its pea protein production capacity at an existing facility in Dawson, Minnesota, United States. The investment was estimated to help PURIS keep up with the surging demand for pea protein, pea starch, and pea fiber from around the world.
Key Segments of Pea Fiber Market Research
-
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 Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
How big is the pea fiber market estimated for 2024?
The global pea fiber market is projected to reach US$ 23.88 billion in 2024.
What is the projected market valuation for 2034?
Demand for pea fiber is forecasted to reach a market revenue of US$ 50.8 billion by 2034.
At what pace will pea fiber demand rise across the world?
Sales of pea fiber are set to increase at 7.8% CAGR over the next ten years.
Where will pea fiber consumption be high?
The market in the United States is projected to rise at 8.9% CAGR from 2024 to 2034.
Which type of pea fiber is extensively used?
Conventional pea fiber sales are projected to be higher than organic pea fiber over the coming years.
Who are the leading pea fiber suppliers?
Emsland Group, Roquette Freres SA, Avena Foods Limited, A&B Ingredients Inc., Vestkorn Milling AS, and Puris Protein LLC are key pea fiber manufacturers.