Pea Starch Market Global Opportunity Analysis and Industry Forecast, 2022-2028|CAGR 5.6% | Report Research by Introspective Market Research

Market Overview:

Pea Starch Market was valued at USD 196.8 million in 2021 and is expected to reach USD 288.19 million by the year 2028, at a CAGR of 5.6%.

pea starch is derived from yellow peas and is a highly functional, natural form of food starch. Consumer demand for processed and convenience food has increased substantially over the past decades. The product is considered a new starch-based ingredient in the feed and food industries. It offers a number of nutritional benefits and is useful for preparing lactose-free and gluten-free allergen-free solutions. A greater need for convenience boosts the processed food market owing to socioeconomic changes, urbanization, and hectic lifestyles. For meat products, pea starch aids in enhancing the texture of poultry rolls and vegetarian products.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Market Dynamics:

Driver:
The rising demand for pea starch in various applications is due to its excellent thickening and gelling properties that are better than other commonly used starches driving the market growth. The increasing demand for convenience and processed food products, and the increasing prevalence of celiac disease and other food allergies boost the market growth. Moreover, rising buying power, growing awareness for healthy and readily available foods, and changing food habits as well as meal patterns of consumers drive the demand for processed and convenience food. The increasing demand for functional food products and the growing vegan population are the key factors driving the growth of the pea starch market.

Opportunities:
The rise in demand from the pet food industry will provide growth opportunities for pea starch manufacturers. The enriched nutrients derived from alternative food choices provide opportunities for the pea starch market. The rising health consciousness among customers and the growing demand for clean-labeled food products in developing regions such as the Asia Pacific region creates a growth opportunity during the forecast period.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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Market Segmentation

Segmentation for Pea Starch Market:
Based on the Grade, the food-grade segment dominates the market over the forecast period. Pea starch is highly utilized for food applications, including confectionery, sauces, noodles, soups, pasta, bakery, and meat products.

Based on the Application, food and beverage are accounted for the significant and maximum share in the market in the projected period.

Based on the Source, the organic pea starch segment dominates the market during the forecast period. The demand for organic pea starch is growing owing to the rising health awareness among consumers.

Based on the Function Type, a gelling segment is expected to dominate the market due to the wide application of the product in various food products as well as animal feed, due to the high availability of amylose.

By Type
• Native Pea Starch
• Modified Pea Starch

By Source
• Organic
• Inorganic

By Application
• Food and Beverages
• Pharmaceuticals & Nutraceuticals
• Industrial
• Feed
• Other

Regional Analysis of Pea Starch Market:
Asia Pacific region held a significant market share during the forecast period and is projected to expand at the fastest CAGR over the upcoming years. The region has contributed remarkably to the increasing demand for convenience foods, such as confectionery, sauces, and soups.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Pea Starch market are :
• Cargill Inc. (US)
• Coscura Groupe Warcoing SA (Belgium)
• Parheim Foods (Canada)
• Puris Foods (United States)
• Felleskjopet Rogaland Agder (United States)
• Roquette Freres (France)
• Vestkorn Milling AS (Norway)
• Shandong Jianyuan Group (China)
• Emsland Group (Germany)
• Ingredion Incorporated (United States)

Key Industry Development of Pea Starch Market:
In April 2021, the US-based company Ingredion acquired KaTech to have more expertise in the upcoming projects, which incorporate advanced texture and stabilization solutions for the food & beverage industry

In October 2020, Emsland Group funded about USD 40.98 million in a new plant project to dry and modify pea and potato starch. The new project would grow the manufacturing capacity of pea-based ingredients to meet the increasing demand for pea starch.

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