Pea fibre is extracted from the pods and seeds of the pea plant. This product has a light fluffy texture, a sweet taste, a low potential for allergic reactions, and a fibre content of 50% to 80%. Pea fibre is most commonly used as a food additive to increase the amount of fibre in food products such as bakery products, noodles/pasta, savory, cheese, meat products and snacks and cereals amongst others. Rise in demand for pea fibre is being largely influenced by the increase in demand from food industry. Consumer preference for nutrient rich food products along with increasing consumer awareness for healthy foods are influencing the demand for pea fibre. Growth of global pea fibre market is attributed to rise in the number of strategic alliances between global food production companies and non-GMO (genetically modified organism), plant-based ingredients manufacturers.
In terms of revenue, the global pea fibre market was valued at US$ 47.45 Mn in 2018 and is expected to reach US$ 69.18 Mn by 2027 growing at a CAGR of 4.3% over the forecast period.
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This market research report on the Pea Fibre Market is an all-inclusive study of the business sectors up-to-date outlines, industry enhancement drivers, and manacles. It provides market projections for the coming years. It contains an analysis of late augmentations in innovation, Porter’s five force model analysis and progressive profiles of hand-picked industry competitors. The report additionally formulates a survey of minor and full-scale factors charging for the new applicants in the market and the ones as of now in the market along with a systematic value chain exploration.
Top Key Players:
Some of the players operating in the global pea fibre 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 and J. RETTENMAIER & Söhne Group amongst others.
Global Pea Fibre Market Research Report and accelerates a wide-ranging and focused look into this market. Market size is concluded through detailed study and examination through subordinate research. The report is an in-depth study of the key dynamics of the Global Market. The report includes primary research alongside comprehensive investigation of subjective as well as quantitative perspectives by different industry specialists, key supposition pioneers to gain profound understanding and industry execution.
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The report answers important questions that companies may have when operating in the global Pea Fibre market. Some of the questions are given below:
– What will be the size of the global Pea Fibre market in 2027?
– What is the current CAGR of the global Pea Fibre market?
– What products have the highest growth rates?
– Which application is projected to gain a lion’s share of the global Pea Fibre market?
– Which region is foretold to create the most number of opportunities in the global Pea Fibre market?
– Which are the top players currently operating in the global Pea Fibre market?
– How will the market situation change over the next few years?
– What are the common business tactics adopted by players?
– What is the growth outlook of the global Pea Fibre market?”
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