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South Asia And Oceania Pea Fiber Consumption Is Expected To Grow By Nearly 2x During The Forecast Period 2022-2032

The recent past has seen a surge in interest in pea protein, given its high amino acid content. This, in turn, creates a highly conducive environment for growth of the associated pea fiber market. For every five parts of pea protein produced, three parts of pea fiber are produced as a byproduct. This is usually discarded, and hence, is procured by pea fiber producers at very low costs. Fact.MR in its newest report states that major players in the pea protein market are venturing into this segment, given the low capital investment in setting up complementary infrastructure to extract pea fiber. This highly favorable growth of the pea protein creates a highly conducive environment for the associated pea fiber market, which is expected to exhibit a promising CAGR of ~8% during the forecast period (2019-2029).

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Key Takeaways of the Pea Fiber Market

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.

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.

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