The pea starch market is expected to register a CAGR of 6% during 2023–2031. The rising sustainability focus and technological advancements are likely to remain a key trend in the market.
Pea Starch Market Analysis
- The global pea starch market is witnessing steady growth driven by factors such as the demand for natural and clean-label ingredients, growth in the food and pharmaceutical industries, and the rising trend of sustainable and plant-based products.
- Market players can capitalize on the growing demand for pea starch and drive its growth by taking advantage of opportunities to develop gluten free and sustainable product trends, as well as investing in R&D.
- Additionally, the nutritional benefits offered by pea starch contribute to their rising popularity in the food industry.
Pea Starch Market Overview
- Pea starch is a versatile, plant-based ingredient derived from yellow field peas. It is extracted through a process of milling, separation, and purification.
- In various food products, pea starch is commonly used as a thickening agent, stabilizer and texturizer.
- The starch is mainly composed of carbohydrates, with minimal protein and fat content.
- It's a good source of dietary fibre, which is important for the maintenance of an healthy digestion.
- The essential vitamins and minerals, such as vitamin C, vitamin K or potassium, are also present in the starch.
- Surging consumer demand for healthy ingredients in food products is fueling the pea starch market.
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Pea Starch Market Drivers and Opportunities
Surging popularity of gluten-free products is expected to drive the growth of the pea starch market
- The increasing prevalence of gluten intolerance and celiac disease led to a higher demand for gluten-free ingredients, including pea starch.
- It was an attractive choice for manufacturers looking to develop gluten free products because of its gluten free nature and functional properties.
- Pea starch can be used in a wide range of gluten-free products, including baked goods, pasta, snacks, and processed foods, further supporting its market growth.
- Pea starch also aligns with the clean label trend, as it's a natural, non-GMO ingredient, which may further contribute to its increasing use in food products.
User-centered product innovation
- In order to meet the evolving needs of consumers, manufacturers in the pea starch market have been focusing on product innovation.
- This included developing modified pea starches with improved functionalities, such as enhanced stability, better texture, and increased solubility, to meet the specific requirements of various applications.
- This innovation drive enables pea starch to expand beyond its role as a simple gluten-free alternative, positioning it as a versatile and highly functional ingredient.
- Manufacturers are creating application-specific solutions that address challenges in food production, like replacing synthetic additives or enhancing gluten-free product textures, while still maintaining clean label status where possible.
Pea Starch Market Report Segmentation Analysis
Key segments that contributed to the derivation of the pea starch market analysis are grade, application, and function.
- Based on grade, the pea starch market is segmented into food, feed, and industrial.
- Based on application, the pea starch market is segmented into food and beverages, industrial, pet food, and feed.
- Based on function, the pea starch market is segmented into swine, ruminants, poultry, and others.
Pea Starch Market Share Analysis by Geography
- Pea Starch Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering pea starch market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the pea starch market in these regions.
Pea Starch Market Regional Insights
Pea Starch Market Regional Insights
The regional trends and factors influencing the Pea Starch Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pea Starch Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Pea Starch Market
Pea Starch Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2023 - 2031) | 6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Grade
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Pea Starch Market Players Density: Understanding Its Impact on Business Dynamics
The Pea Starch Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Pea Starch Market are:
- Axiom Foods Inc.
- Cosucra Groupe Warcoing SA
- Emsland Group
- Meelunie B.V.
- Parrish & Heimbecker Limited
- Puris.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Pea Starch Market top key players overview
Pea Starch Market News and Recent Developments
The pea starch market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the pea starch market are listed below:
- The Emsland Group has joined forces with Cosucra and Roquette to support sustainable value chains and promote the United Nations Sustainable Development Goals. To measure the environmental impact of yellow pea ingredients from wet processing, the three companies conducted a life cycle analysis in 2022. (Source: Newsletter, The Emsland Group, Apr 2024)
- Roquette, a global leader in plant-based ingredients and a leading provider of nutraceutical and pharmaceutical excipients, is set to showcase a new flexible addition to its LYCAGEL® hydroxypropyl pea starch excipient range at Vitafoods Europe 2024, along with a fresh vision for developing vegetarian and vegan dietary supplements in softgels. (Source: Newsletter, Roquette, Inc, Apr 2024)
Pea Starch Market Report Coverage and Deliverables
The “Pea Starch Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Pea starch market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Pea starch market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Pea starch market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the pea starch market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global pea starch market is expected to grow at a CAGR of 6% during the forecast period 2023 - 2031.
Surging popularity of gluten-free products is expected to drive the growth of the pea starch market.
Rising sustainability focus and technological advancements to play a significant role in the global pea starch market in the coming years.
The leading players operating in the pea starch market are Axiom Foods Inc.; Cosucra Groupe Warcoing SA; Emsland Group; Meelunie B.V.; Parrish & Heimbecker Limited; Puris.; Roquette Frères; the Scoular Company; Vestkorn Milling AS; Yantai Oreintal Protein Tech Co., Ltd.
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Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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The List of Companies
1.Axiom Foods Inc.
2.Cosucra Groupe Warcoing SA
3.Emsland Group
4.Meelunie B.V.
5.Parrish and Heimbecker Limited
6.Puris.
7.Roquette Frères
8.The Scoular Company
9.Vestkorn Milling AS
10.Yantai Oreintal Protein Tech Co., Ltd.