Global Pea Starch Market Size By Source (Organic, Inorganic), By Product Type (Native Starch, Modified Starch), By Application (Food And Beverages, Industrial), By Function (Binding And Thickening, Gelling), By Geographic Scope And Forecast
Report ID: 355523|No. of Pages: 202
Global Pea Starch Market Size By Source (Organic, Inorganic), By Product Type (Native Starch, Modified Starch), By Application (Food And Beverages, Industrial), By Function (Binding And Thickening, Gelling), By Geographic Scope And Forecast
Pea Starch Market Size And Forecast
Pea Starch Market size was valued at USD 156 Million in 2022 and is projected to reach USD 252.4 Million by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The market for pea starch has grown significantly over the last few years. The popularity of pea starch, a gluten-free and non-GMO substitute in a variety of food and industrial applications, was fueled by the rising demand for ingredients with a clean label and a plant-based composition. Growing health consciousness, dietary changes, and a preference for sustainable sources were some of the causes cited as reasons for the market’s rise. Because of its adaptability, pea starch has made its way into goods including baked goods, snacks, and meat replacements. The Global Pea Starch Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Pea Starch Market Definition
The sale and use of a diverse and inventive starch obtained from peas, a leguminous crop, are referred to as the “Global Pea Starch Market.” Pea starch, made from the pea’s endosperm, is valued for its ability to thicken, gel, and bind substances. In the food, beverage, and industrial sectors, it has become well-known as a natural and environmentally friendly component that satisfies the rising demand for clean-label and plant-based goods.
The Pea Starch Market has been steadily growing over time. Pea starch’s adaptability has made it possible for it to be used in a variety of industries, including the production of textiles and paper as well as processed foods, drinks, pet feeds, and other food products. The demand for pea starch is rising, which has prompted expenditures in research and development that are aimed at improving its use and functionality. Collaborations between ingredient suppliers and food producers have also contributed to the expansion of the market by promoting the diversification and innovation of products. The worldwide Pea Starch Market is positioned to maintain its position as a key participant in the larger landscape of alternative ingredients and sustainable sourcing as sustainability and health consciousness continue to affect consumer preferences.
The development and importance of the worldwide Pea Starch Market have been influenced by several factors. First, the demand for alternatives like pea starch has increased as a result of consumers’ growing desire for healthier and more environmentally friendly food options. Its adoption has also been aided by the expansion of allergen- and gluten-free diets. Pea starch has also been used in goods that are vegetarian, vegan, gluten-free, and non-GMO because it is consistent with the movement toward plant-based diets. Peas are renewable and environmentally beneficial, and because they can improve soil through nitrogen fixation, they are in line with the food industry’s sustainability objectives, giving pea starch a competitive advantage.
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Global Pea Starch Market Overview
Due to the rising demand for natural and clean-label components across numerous industries, the market for pea starch has been expanding significantly on a global scale. Pea starch, which comes from peas, has many uses including thickening, gelling, and binding. Its popularity as a gluten-free, plant-based, and non-GMO component has resulted in its inclusion in a variety of applications, including those in the food, beverage, and industrial sectors.
Moreover, the market is expanding due to several variables. First, as consumer awareness of health and sustainability has grown, there is a greater desire for plant-based substitutes, which has accelerated the use of pea starch in a variety of goods. Second, the popularity of special diets like vegan and gluten-free diets has increased its use. Last but not least, peas’ ability to improve soil health and their environmental friendliness is in line with the growing emphasis on sustainability in the agricultural and industrial sectors.
Despite its rise, the Global Pea Starch Market confronts some limitations. The possible price fluctuation of pea crops, which can affect the cost-effectiveness of pea starch manufacturing, is one significant constraint. Additionally, the difficulty in scaling up manufacturing could influence the ingredient’s steady supply due to the scarcity of high-quality peas appropriate for starch extraction. Additionally, there are numerous opportunities in the worldwide Pea Starch Market. A great opportunity for continued development is the rising demand for plant-based goods and ingredients with clean labels. Pea starch may be able to penetrate unexplored markets thanks to advancements in processing technology and the creation of new uses. Collaboration among supply chain participants can assist in solving problems and open up fresh possibilities for the use of the item.
Global Pea Starch Market Segmentation Analysis
The Global Pea Starch Market is Segmented on the basis of Source, Product Type, Application, Function, and Geography.
Pea Starch Market, By Source
- Organic
- Inorganic
Based on Source, The market is segmented into Organic, Inorganic. The market for pea starch is dominated by the organic segment, which reflects the rising popularity of natural and sustainably sourced foods. Due to its connection with healthier and more ecologically conscious lives, organic pea starch has attracted the attention of consumers. The demand for organic products is increasing, driven by factors like growing knowledge of the possible health benefits of eating organic foods, worries about chemical residues in conventional farming, and a desire to support more environmentally friendly agricultural practices.
Pea Starch Market, By Product Type
- Native Starch
- Modified Starch
- Pregelatinized
- Maltodextrin
- Cationic
- Other modified starches
Based on Product Type, The market is segmented into Native Starch, Modified Starch, 1. Pregelatinized 2.Maltodextrin, 3. Cationic, 4. Other modified starches. In the product type segment of the Global Pea Starch Market, native pea starch holds the largest market share. Native pea starch is prized for its unaltered qualities, which appeal to consumers looking for foods with clear labels and less processing. Its widespread use in a variety of industries, including food, drinks, and industrial applications, is a result of its versatility as a thickening, gelling, and binding agent.
Pea Starch Market, By Application
- Food and Beverages
- Industrial
- Pet food
- Feed
Based on Application, The market is segmented into Food and Beverages, Industrial, Pet food, and Feed. The market for pea starch has been dominated by the “Food and Beverages” segment. Pea starch’s useful qualities as a thickening agent, stabilizer, and texturizer have led to its widespread use in the food and beverage sector. It has been used in many different products, including bakery items, snacks, soups, sauces, and dairy substitutes. The popularity of pea starch in this market has been greatly influenced by the rising demand for ingredients with clean labels that are derived from plants in the food and beverage industry.
Pea Starch Market, By Function
- Binding & Thickening
- Gelling
- Texturizing
- Fil forming
- Other Functions
Based on Function, The market is segmented into Binding & Thickening, Gelling, Texturizing, Fil forming, Other Functions. Within the functional segments of the worldwide Pea Starch Market, the “Binding & Thickening” segment held the most market share. Pea starch’s qualities as a thickening and binder make it extremely adaptable for a variety of food and industrial uses. Its success in this particular market is partly attributed to its capacity to improve the texture, stability, and viscosity of diverse products.
Pea Starch Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
On the basis of Regional Analysis, Global Pea Starch Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. In terms of market share, North America dominates the world market for pea starch. The strong desire for plant-based and clean-label ingredients in the region, which has, in turn, fueled the extensive use of pea starch in a variety of applications, is reflected in North America’s ascension in this market. This result is consistent with an increasing consumer trend, notably in the food and beverage industry, where health-conscious customers are looking for healthier alternatives to conventional ingredients. Pea starch’s adaptability as a binder, thickener, and texturizer has placed it in a good position to meet the changing demands of the area.
Key Players
The “Global Pea Starch Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Roquette frères, Royal Ingredients Group B.V., Organic Ingredients Co. Ltd, AGT Food and Ingredients, EMFOOD TRADING BV, Puris Foods, American Key Food Products., AM Nutrition, Ingredion, Meelunie B.V., The Scoular Company.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In August 2023, Roquette, a prominent French pea processing company, unveiled its plans to invest €100 million for the augmentation of its pea protein and starch production capabilities within France. This strategic investment is anticipated to yield multiple benefits, including the creation of around 100 new employment opportunities.
- In July 2023, Ingredion, a US-based ingredient company, unveiled its intention to acquire Peavum, a prominent player in the pea starch sector. Through this acquisition, Ingredion aims to cement its leading role in the Pea Starch Market, effectively positioning itself to address the escalating demand for pea-centric ingredients across various industries.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| Unit | Value (USD Million) |
| KEY COMPANIES PROFILED | Roquette frères, Royal Ingredients Group B.V., Organic Ingredients Co. Ltd, AGT Food and Ingredients, EMFOOD TRADING BV, Puris Foods, American Key Food Products., AM Nutrition, Ingredion, Meelunie B.V., The Scoular Company. |
| SEGMENTS COVERED | By Source, By Product Type, By Application, By Function, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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