Pea Fiber Market to Reflect Impressive Growth Rate by 2029

Posted by Preet on November 20th, 2019

The market for pea fiber is expanding at the global scale, primarily supported by the high proportion of various phytonutrients it contains. Furthermore, research results highlight that a polyphenol found in pea fiber is known to significantly lower the risk of stomach cancer. In order to understand the overall market stretch, Fact.MR has published a new study titled “Pea Fiber Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029”, which elaborates crucial facets tend to transform the global pea fiber market during the stated forecast period.

According to this Fact.MR assessment, major players in the pea protein market are volunteering into this segment, letting the low capital investment in forming complementary infrastructure for extracting pea fiber. This extremely favorable growth associated to pea protein is thereby creating a highly favorable environment for the allied pea fiber market, which is estimated to exhibit a hopeful CAGR of ~8% during the period between 2019 and 2029.

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It is interesting to know this, the most prevalent grain followed by chickpeas and dry beans is dry peas. Focusing on the geographical expanse, North America acquires a major share in the global dry peas production, as it accounts 5.3 million tons immediately followed by Europe with 4.4 million tons. Furthermore, Asia accounts almost 3.3 million tons and MEA gathering a share of 1 million tons. According to research findings, the global dry peas production has bolstered from 16.1 million tons in 2016 to 17.7 million tons in 2017. Therefore, the sufficient accessibility of raw material for pea fiber is projected to propel the market growth during the period until 2029.

It has been examined that leading players functioning in the vegan food industry have been curious to introduce diverse plant-based foods as part of their product portfolio. As the dietary fiber intake via food is poised at 25 to 30 grams daily, this count is expected to escalate in the forecast period, thereby, motivating the overall market for pea fiber at a temperate pace.

The pea fiber market report answers important questions which include:

  • What does the status of the pea fiber market look like after the forecast period?
  • Which region has the highest contribution to the global pea fiber market and why?
  • Which players remain at the top of the global pea fiber market ?
  • What opportunities are available for the pea fiber market players to expand their production footprint?
  • Which segment has the maximum impact on the global pea fiber market ?

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  1. Various analysis methods to deliver precise market information.
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  3. Multi-disciplinary approach to provide accurate insights of different industries.
  4. Data collection from extensive primary and secondary research.
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