Global Pea Starch Market Report and Forecast 2024-2032

Global Pea Starch Market Outlook

The global pea starch market attained a value of USD 436.90 million in 2023. The market is further  expected to grow in the forecast period of 2024-2032 at a CAGR of 8.4% to reach USD 903.72 million by 2032.

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Increasing Demand in the Food and Beverages Industry  to Augment the Pea Starch Industry Growth

There has been a rise in demand for high grade quality pea starch for various food applications. Further, these food products are non-GMO, non-allergenic, and gluten free with a neutral taste, which is significantly contributing to the rising demand for pea starch in the food and beverages sector. The increasing demand for minimally processed food products with more authentic and real ingredients is also supporting the market growth. In addition, the advancements in the food processing sector are expected to aid the market in the forecast period.

The Asia Pacific to Provide Significant Growth Opportunities to the Pea Starch Industry

Geographically, the Asia Pacific accounts for a significant share in the industry. China, India, Japan, and other Southeast Asian countries are likely to act as the major drivers for the market growth in the region. Meanwhile, Europe  is expected to witness a considerable growth in the forecast period due to the increasing health consciousness among customers and the growing demand for clean-labelled food products.

Pea Starch Market Segmentation

Pea starch is often used as a thickening solution to create gel like mixture as it is rich in amylase. In addition, it is widely used in the food industry due to its nutritional benefits and the ability to help prepare gluten and lactose-free solutions. Pea starch is used in a broad array of applications, such as bakery, noodles, soup, pasta, and vermicelli, among others. It also finds application in the textile industry and is generally used  for textile sizing and cotton yards.

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By types, the market can be divided into:

• Organic/Non-GMO
• Conventional

The market can be broadly categorised on the basis of its applications into:

• Food and Beverages
• Feed
• Others

The EMR report looks into the regional markets of pea starch like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Various Advantageous Properties of Pea Starch to Significantly Contribute to the Pea Starch Industry Growth

The global pea starch industry is driven by the increasing demand for pea starch in various applications due to its excellent thickening and gelling properties that are better than other commonly used starches. Pea starch can be used as a binding and thickening agent to impart good texture and expansion regulating properties to many food products, such as confectionary, dairy, snacks, potato products, meats, fish, bakery products, pasta, noodles, soups, and sauces and snacks. Pea starch is allergen-friendly. Due to the increasing number of health-conscious customers, there has been a rise in demand for gluten-free products. In addition, pea starch is a highly functional starch that blends well with other starches to meet specific formulation goals. All these factors are significantly contributing to the pea starch industry growth.

Key Industry Players in the Global Pea Starch Market

The report presents a detailed analysis of the following key players in the global pea starch market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Ingredion Incorporated
• Roquette Frères
• Yantai Shuangta Food co., LTD
• PURIS 
• Emsland Group
• Axiom Foods, Inc. 
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report