According to the research report, the pea starch market is expected to reach $307.4 million in 2029, at a CAGR of 7.7% from 2022 to 2029. The report provides an in-depth analysis of the pea starch market across five major regions, highlighting on current market trends, market size and recent developments and the forecast up to 2029.
After extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the industry’s key drivers, restraints, opportunities and challenges. This market is characterized by more diversified operations, offering healthy products, mainly due to increasing health awareness among consumers and their preference for foods containing healthy, clean-label ingredients.
The strong growth of the pea starch market is mainly attributed to the growing demand for ready meals and processed food products, the increasing prevalence of celiac disease and other food allergies, the rising demand for functional food products and the growing vegan population. However, the availability of alternative starches and a decrease in dry pea production are expected to significantly hinder the growth of this market.
On the basis of nature, the pea starch market is segmented into organic pea starch and conventional pea starch. By 2022, the conventional pea starch segment is expected to account for the majority of the pea starch market. The high market share of this segment is mainly attributed to the wide availability of crops grown through traditional fertilizer harvesting methods, easy access to cost-effective conventional peas, the longer shelf life of conventional pea starch and the wide availability of substantial crop varieties.
Based on type, the pea starch market has been segmented into native pea starch and modified pea starch. The native pea starch segment is expected to register the highest CAGR during the forecast period of 2022-2029. The rapid growth of this segment is mainly attributed to the growing trend of sustainable and natural foods, the awareness about clean-label products and the wide range of applications in the food and beverage industry due to its high functionality and support of non-GMO, gluten-free , grain free, vegan, vegetarian, allergen friendly and kosher trend.
On the basis of function, the pea starch market has been segmented into thickener and gelling agent, binder, stabilizers, disintegrants and other functions. The thickener segment is expected to register the highest CAGR during the forecast period of 2022-2029. The growth of this segment is mainly attributed to the increasing use of pea starch as a thickener and gelling agent in the food and beverage, pharmaceutical and animal nutrition industries due to its improved functional properties. It mainly provides thickness and gelling texture in food products and maintains a stable texture under various conditions.
Based on application, the pea starch market is segmented into food and beverage products (bakery and confectionery products, dairy products, soups and sauces, and savory and prepared foods, meat and seafood products, and other foods and beverages); paper industry; pharmaceuticals and chemicals; animal feed and pet food; and other applications. By 2022, the food and beverage segment is expected to account for the majority of the pea starch market.
The large market share of this segment is primarily attributed to the wide range of pea starch applications in the food and beverage industry due to its functionality and use in non-GMO, gluten-free, grain-free, vegan, vegetarian, allergen-friendly, clean label, and kosher foods. The increasing demand for ready-to-eat and ready-to-eat food products, the increasing consumer awareness regarding the consumption of food products with natural ingredients and the growing consumer preference for clean label & healthy products also support the growth from this further. segment.
2. Research Methodology
4. Market Insights
5. The impact of Covid-19 on the pea starch market
6. Pea starch market, naturally
7. Global Pea Starch Market, by Type
8. Global Pea Starch Market, by Function
9. Global Pea Starch Market, by Application
10. Pea Starch Market, By Geography
11. Competitive landscape
12. Company profiles (company overview, product portfolio, financial overview and strategic developments)
Axiom Foods Inc. (US)
Dakota Dry Bean Inc. (US)
American Key Products Inc. (US)
Roquette Freres (France)
Vestkorn Milling AS (Norway)
Yantai Shuangta Food co.Ltd (China)
Cosucra Groupe Warcoing SA (Belgium)
Ingredion Incorporated (US)
NutriPea LP (Canada)
Shandong Jianyuan Foods Co.Ltd. (China)
Puris Proteins LLC (USA)
Emsland Group (Germany)
Meelunie BV (Netherlands)
Agridient BV (Netherlands)
Aminola BV (Netherlands)
Ebro Foods SA (Spain).
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