Industry Background:
Over the past few years, there has been a continuous expansion of baked food products. The global Pea starch market is expected to witness tremendous growth in the forecast period due to increasing demand from nutraceuticals industry and rising shift of consumers towards gluten-free and non- GMO (Genetically modified Organisms) diet. Pea starch is derived from peas and contains 40% starch and appears as a white powder. It is a rich source of amylase (35%), which makes it thickening and gelling in nature which are better than other commonly used starches. It is an ideal ingredient for Agri-food applications such as sauces, delicatessen, meats, creams, and pasta.
The Global Pea Starch market presents a comprehensive analysis of the Pea Starch market by product type (Feed grade, Food grade, Industrial grade and Others), by end-user/application (Food and Beverages, Gluten-Free Baking, Industrial, Livestock feeding, Feed, Thickener for soup and sours, Confectionary products and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Cargill Inc.(United States), Roquette Feres (France), Emsland Group (Germany), Cosucra Groupe Warconing SA (Belgium), American Key products, Sanstar Bio-Polymers (India), Vestkorn Milling AS (Norway), Parrheim Foods (Canada), Meelunie B.V. (Netherlands), Parrish and Heimbeckar, Limited (Canada) and Dakota Dry Bean (United States). Additionally, other players that are part of this comprehensive study are Puris Foods (United States), Yantai Oriental Protein Tech Corp., Limited (China), Axiom Foods. Inc.(United States), The Scoular Company (United States), Shandong Jianyuan Group (China), AGT Food and Ingredients (Canada), Felledkjopet Rogaland Agder (United States) and Yantai Shuangta Food Corp., Limited (China).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Cargill Inc.(United States), Roquette Feres (France), Emsland Group (Germany), Cosucra Groupe Warconing SA (Belgium), American Key products, Sanstar Bio-Polymers (India), Vestkorn Milling AS (Norway), Parrheim Foods (Canada), Meelunie B.V. (Netherlands), Parrish and Heimbeckar, Limited (Canada) and Dakota Dry Bean (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased cultivation volume of pea across the globe is a favorable factor for the market as a raw material is easily available for processing.
Market Growth Drivers:
The increasing demand for natural ingredients and healthy processed food by the consumers, Rising demand for pea starch as a gelling agent in many food products., Increasing market initiatives by manufacturers leading to consumer awareness and Integrated use of pea starch for the production of ethanol.
Challenges:
Various regulations and standards pertaining to different authorities of a different region.
Restraints:
Lack of awareness among consumers about the benefits of the products and Effect of retrogradation impacting the characteristics and properties of pea starch.
Opportunities:
Beneficial strategic initiatives in emerging countries and Innovations like pea starch as an alternative to plastic i.e. bioplastic film which is of pea starch to be used in food packaging are also providing an opportunity for pea starch manufacturers.
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Pea Starch industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the Pea Starch, the Europe has emerged as a crucial market for several Pea Starch brands.
The Function, such as Binding & Thickening, is boosting the Pea Starch market and is anticipated to experience a steady growth during the forecast period.
The End user, such as Pharmaceutical, is boosting the Pea Starch market and is anticipated to experience a steady growth during the forecast period.
The market is fragmented with the involvement of several players which has led to intense competition among key manufacturers. These manufacturers are mainly focusing on product innovation by using various strategies such as new product launches, expansions, agreements, ventures, a partnership to gain a grip in the global pea starch market.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)