Europe Pea Fiber Industry is Predicted to Reach US$ 14.25 billion by 2034
swatichaudhari
According to a new study by Fact.MR, sales of pea fiber in Europe are projected to reach US$ 6.71 billion in 2024. The demand for this dietary fiber in the European market is expected to grow at a CAGR of 7.8%, reaching a market value of US$ 14.25 billion by the end of 2034.
The increasing interest of European consumers in clean-label and plant-based food products to enhance their nutritional intake is anticipated to drive the sales of pea fiber. In recent years, the demand for healthier food options has been on the rise across Europe, with high-fiber foods offering numerous health benefits. Consequently, the demand for pea fiber is expected to improve the nutritional content of various food products.
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Pea fiber, a plant-based ingredient, is particularly valuable in allergen-free and gluten-free foods. As consumers with limited dietary options seek more diverse products, the demand for pea fiber is predicted to increase across a wide range of food items.
Market Segmentations:
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
By Country: Germany, Spain, The United Kingdom, Benelux, Russia, Rest of Europe
Key Companies Profiled
Roquette
Emsland Group
Cosucra
InterFiber
Shandong Jianyuan Bioengineering
Vestkorn
A&B Ingredients
Belle Pulses
PURIS
AGT Food and Ingredients
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Rising Interest in Clean-Label and Plant-Based Food Products
European consumers are increasingly inclined towards clean-label and plant-based food products. This shift is driven by various factors, including ethical considerations, environmental concerns, and a growing focus on health. The preference for more wholesome and transparent food options is also expected to boost sales of pea fiber in Europe.
Plant-based diets prioritize natural foods over animal-sourced products. The potential health benefits, along with cruelty-free and sustainable food production practices, are contributing to the rising demand for plant-based diets. Many consumers are choosing plant-based alternatives over conventional animal-based products, such as processed foods, dairy, and meat.
Simultaneously, clean-label food products are gaining popularity. These products are characterized by the absence of artificial additives, chemicals, and preservatives, and feature easily recognizable ingredients. European consumers are becoming increasingly cautious about the ingredients in their food.
Pea fiber, a plant-derived and natural ingredient, aligns well with the demand for clean-label and plant-based foods. As a functional ingredient, it is utilized to enhance the nutritional profile of various food products, making it a valuable addition to the market.
