250 Pages Pea Fiber Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Pea Fiber. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Pea Fiber Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Pea Fiber market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Pea Fiber
Pea fiber market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of pea fiber market. The report primarily conveys a summary of the pea fiber market, considering present and upcoming pea fiber market industry scenarios, to reveal striking sides relating to the acceptance of pea fiber market across prominent regional markets.
This newly published and insightful report sheds light on Market Insights of Pea Fiber, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Pea Fiber Market.
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Pea fiber market: Segmentation
FactMR’s study has done the segmentation of pea fiber market on the basis of type, source, application, and grade across 6 regions.
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Pea Fiber Market Manufacturers’ Insights
The pea fiber market is partially fragmented with top players accounting for nearly 60% of the market. Established players in the market are focusing on the acquisition of smaller companies. Moreover, the top players of the pea fiber market are focusing on strengthening their position in the market by expanding their processing capacities. Since 2018, COSUCRA has invested nearly US $103 Mn. in its pea processing plant and is focusing on raising revenue by nearly 50% by 2024. With an investment of nearly US $65 Mn in 2019, the company is opening its second facility in Europe. Similarly in 2019, Cargill Inc., invested nearly US $75 Mn. in its joint venture with PURIS to double the production capacity of the plant.
Key Takeaways of the Pea Fiber Market
- According to Fact.MR, animal feed is the leading application for pea fiber and is expected to continue along the high growth trajectory over the following decade
- Organic pea fiber is estimated to be predominantly used in food sector, as an additive in premium organic food
- Pea fiber is also used in vegan food products and is the perfect fiber of choice for products directed at lactose-intolerant consumers
- Fact.MR notes that pea fiber with non-GMO and HACCP certifications are highly sought after by end-use industries to ensure regulatory compliance
- Canada is the world’s largest producer of pea. Moreover, North America has a high density of vegans, making it a highly lucrative market for pea fiber, especially for inner hull pea fiber
- Russia is projected to emerge as the largest producer of pea in the not-so-distant future. This, along with the high density of food manufacturers and propensity of the populace towards adopting all natural food products, positions it as a high growth market towards the latter half of the market.
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Key Question answered in the survey of Pea Fiber market report:
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More Valuable Insights on Pea Fiber Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Pea Fiber, Sales and Demand of Pea Fiber, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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