Global Pea Fiber Market Overview:
Pea fiber covers the outer coverings of the pea. This contains vitamins, minerals, and dietary fiber that helps in improving digestion. As peas are considered a good source of dietary fiber. Pea fiber contains two major components including the inner structure and seed coat. The inner pea fiber is majorly used for food application, with the development in the adoption of fiber contents by the food industry is driving huge growth in this industry. The Pea inner fibers are used in food applications for high water-binding capacity, oil absorption capacity, increase of dietary fiber, and many others. Some of the players profiled in the study are Fromm Family Pet Food (United States), Shandong Jianyuan Bioengineering (China), OMG Labs Private Limited (India), Belle Pulses (Canada), Emsland Group (Germany), Nutra Food Ingredients (United States), Roquettein (France), InterFiber (Poland), Organicway (China) and Cosucra Groupe Warcoing (Belgium).
On the basis of geography, the market of Pea Fiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Animal Nutrition will boost the Pea Fiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Organic will boost the Pea Fiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Development in the Food Industry
- The Rise in Awareness towards the Dietary Food Components
- The Pea Fiber Industry Witness Huge Revenue Generation from the Gluten-Free Food Applications
- Development in Technology in Production Process
- Fluctuation in the Prices of Raw Materials
- Growing Demand of the Plant-Based Protein Products
- Development in Sales Channels, Along with Increase in Buying Behaviour from the Online Sales Channels
- The Rise in Awareness towards the Protein Based Food
- Lack of Supply Chain in Under Developing Regions
- The Slowdown in Economy Because of Coronavirus Pandemic
Key Market Developments:
In Aug 2020, Cosucra, a subsidiary of Cosucra Group Warcoing announced the range of pea-based ingredients in the North American region. Through this strategic initiative, the company enhance its product portfolio and improve its market competency level.
The global Pea fiber market is strongly competitive. The operating market players in this industry are heavily focused more on research and development activities for developing new products. The rise in awareness of the pea fiber benefits and applications are increasing the demand in this industry. The market players are exploring the market by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches, and others.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Pea Fiber Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Pea Fiber market on the basis of product [Inner Pea Fiber and Outer Pea Fiber] , application [Soups & Sauces, Meat, Poultry, Fish & Seafood, Bakery Products and Pasta and Noodles], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Pea Fiber market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Pea Fiber industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Vestkorn (Norway), Midland Holdings (Hong Kong) and CFF GmbH & Co. KG (Germany).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Pea Fiber market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.