According to the current analysis of Reports and Data, the global Pea Starch market was valued at USD 98.7 Million in 2019 and is expected to reach USD 181.2 Million by year 2027, at a CAGR of 8.1%. It is one of the novel starch-based ingredients in the food and feed industries. It provides many nutritional benefits over its counterparts, and is helpful in preparing gluten-, lactose-, and other allergen-free solutions. It also aids in providing clean labels for baked goods and other processed food products due to its organic origins. Fish, meat products, and extruded foods are among the major applications of these ingredients. These cumulative applications are expected to drive the market for this ingredient over the period of forecast.
Top Companies Operating in the Global Pea Starch Market Report:
Emsland Group, Roquette Freres, Vestkorn Milling, Axiom Foods, Yantai Oriental Protein Tech Co., The Scoular Company, American Key Food Products, Cosucra Groupe Warcoing SA, Parrheim Foods, and Puris Foods
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Further key findings from the report suggest-
- Gelling is one of the most prominent functions of pea starch whose application are varied and are expected to increase in the forecast years. This is because of the reason that this ingredient is a rich source of amylose and it helps in forming aqueous gels, soups, sauces, and other products. The gelling properties of this product also helps in keeping the nutrient content of various foods intact.
- By grade, food is the largest application segment as it offers gelling, thickening, binding, and texturing properties that have several applications in food items.
- This product is used most widely in the preparation of snacks and savory food products. Native pea starch acts as a fat replacement in convenience foods, baked snacks, and nutritional food extrudates. It is also an important source of fiber in these consumables.
- The usage of these ingredients is increasing in pet foods and other animal feed products. It is also used as calf milk replacer and provides the right mix of protein and fiber necessary for the growth of pet and farm animals.
- The paper and textiles markets are among the growing applications. The starch is used for textile sizing especially in cotton yarns. Its chemical properties are also similar to those of cotton.
- Modified pea starch also finds application in the pharmaceutical industry for their applications such as paste clarity, solubility, and thaw stability. The native counterparts aid in binding and disintegration purposes in the pharmaceutical product market.
- The Asia Pacific region is a growing market and is expected to register the highest CAGR during the period of forecast. Factors such as a increasing demand for native starches, high volume of noodle consumption, increasing usage of pea starches in processed food preparation, and a huge consumer base are expected to be the major factors contributing to the impressive market growth.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Pea Starch market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Pea Starch market is provided to gain a deeper understanding of its growth and progress.
The global Pea Starch market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Grade (Revenue, USD Million; 2016–2027)
- Food
- Feed
- Industrial
Function (Revenue, USD Million; 2016–2027)
- Binding and Thickening
- Gelling
- Texturizing
- Film Foaming
- Others
Application (Revenue, USD Million; 2016–2027)
- Food and Beverages
- Snacks Savories
- Soups Sauces
- Meat Poultry Products
- Confectionery Products
- Bakery Products
- Dairy Products
- Industrial Purposes
- Pharmaceuticals
- Paper and Textiles
- Cosmetics
- Mining Bioplastics
- Pet Food
- Feed
- Swine
- Ruminants
- Poultry
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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