Pea Fiber Market: Outlook
Dietary fibers are an essential nutrient for the maintenance of human health and pose strong physiological effects on the human body. Pea fiber, a widely used plant-based dietary fiber is extracted from the pods/seeds of the pea plant. Pea fiber is commonly used as a food additive to increase the amount of fiber in food products such as bread, tortillas, pasta, snack foods, biscuits, crackers, nutrition bars, and dietary supplements. The food manufacturers are incorporating pea fibers in the different end food products in order to enhance the fiber nutrient profile of the food product. The US Dietary Guidelines identify fiber as a nutrient of concern because most Americans do not consume the recommended dietary fiber intake is 14g/1,000 kcal which is estimated to be a daily intake of 25g (female) or 38g (male).
In recent years, the pea food is also gaining traction in pet foods, especially in premium, holistic and alternative product formats. Pea fiber used in pet food is termed as a "functional fiber". It is added as a filler in a variety of mass-marketed pet foods to provide appropriate nutrition to dogs and cats.
Incorporation of dietary fiber with plant-based ingredients is demanded by the manufacturers to enhance the nutrient profile of end product
Pea fiber, an essential dietary fiber serves wide benefits such as aids in achieving healthy weight, benefits in digestion, helps control blood sugar levels, lowers cholesterol levels, increased mineral absorption, and helps maintain bowel health and many others which makes it an important ingredient to be incorporated in food products without hampering the taste and texture of the end food product. Thus, the pea fiber aids in digestion by maintaining the flow of waste through the digestive tract and keeping gut bacteria healthy.
Global Pea Fiber Market: Segmentation
The global Pea Fiber market can be segmented based on nature, end-use industry and region.
By nature, the global Pea Fiber market is segmented as –
By end-use industry, the global Pea Fiber market is segmented as –
By region, the global Pea Fiber market is segmented as –
Global Pea Fiber Market: Key Players
Example of some of the key participants operating in the global Pea Fiber market are Vestkorn Milling AS, A&B Ingredients, Roquette Frères Company, AGT Food and Ingredients, Parrheim Foods, Shandong Jianyuan Foods, Yantai Oriental Protein Tech Co., Ltd., Ingredion Incorporated, SunOptra Ingredients Group, J. RETTENMAIER & Söhne Group, among others.
Robust research & development activities and expansion of the range of product portfolio are the major focus areas of the manufacturers in order to cater the demand for Pea Fiber from the end-user industries such as food and pharmaceutical industry as well as for pet food products.
Pea Fiber Market: Activities of the Participants
Opportunities for the Market Participants
The Pea Fiber market is projected to be positively influenced by the manufacturers who are continuously working on new research projects and launching new products containing pea fiber containing end food products. The manufacturers of Pea Fiber can reach potential market sectors in order to gain maximum market share and increase their global sales.
Pea Fiber Market: Brief Approach to Research
The analysis will be done on the modeling-based approach and triangulation methodology to estimate the data covered in this report. A detailed market understanding and assessment of the origin, source and distribution channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sale of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market size.
Key Data Points Covered in the Report
Some of the key data points covered in our Pea Fiber market report include:
With the growing importance of dietary fiber in the daily diet, different plant-based dietary fibers are gaining traction. Pea fiber is widely demanded as a food additive that enhances the dietary component of the food products such as snack foods, bread pasta, biscuits, and nutrition bars.
Government Initiatives Encourage Consumption
The government initiatives are also pushing ahead the inclusion of dietary fiber in food. For instance, US dietary guidelines encourage dietary intake of fiber with recommendations for daily intake. Different health benefits such as increased mineral absorption, benefits in digestion, maintenance of blood sugar levels, and enhanced mineral absorption are fueling the growth of the pea fiber market. The growing awareness regarding benefits of pea fiber in improving the digestion is largely accountable for the scaling progress of the landscape. Additionally. pea flavor does not alter the flavor of the food which acts in its favor.
Pet Food Generates Lucrative Opportunities
Besides the normal consumption, the demand of pea fiber is augmenting in the pet food segment. These fibers are popularly known as functional fiber and are used in the food manufactured for dogs and cats to provide required nutritional content.
The global market for pea fiber can be broadly segmented into natural organic and conventional. The natural and organic pea fiber are projected to acquire major market share in the coming years on the back of the growing trend of natural food consumption. Prominent end-use industries contributing revenue in the market include the food industry, pharmaceutical industry, dietary supplement, and pet food & animal feed.
Asia Pacific Gains Prominence
The global pea fiber market can be regionally segmented into North America, Europe, Latin America, Asia Pacific, The Middle East, and Africa. The growing demand for healthy food and government initiatives encouraging dietary intake is the major factors expected to determine the growth trajectory of different regions in the global market. The pea fiber market in the Asia Pacific is projected to contribute significant revenue in the market during the forecast period.
The market players are investing in research & development activities to develop new products and expand their product portfolio. The pea fiber manufacturers are focused to explore opportunities in the growing end-use industries such as the food industry and pharmaceutical industry. The pet food sector has surfaced as a highly lucrative area for the market competitors with wide space for growth and innovations. The overall efforts of the manufacturers are towards enhancing their market share and sales. To strengthen their foothold in the competition, the market players are expanding their presence with acquisition and collaborations. They are collaborating with local players to strengthen their distribution channels and production capacity. They are extending their reach to the thriving market of Asia pacific which leads the pea fiber production.
Established players in the global pea fiber market include Parrheim Foods, J. RETTENMAIER & Söhne Group, Yantai Oriental Protein Tech Co., Ltd., AGT Food and Ingredients, Vestkorn Milling AS, Ingredion Incorporated, and Roquette Frères Company.