Press release
Pea Starch Market is anticipated to expand at a Robust compound annual growth rate (CAGR) from 2023 to 2032 | Agridient, American Key Food Products, Cosucra Groupe Warconing SA, Emsland Group
Pea Starch Market
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Key Trends
There are three key trends in Pea Starch technology:
1. Increased demand for pea starch: Due to the growing popularity of plant-based diets, there is an increased demand for pea starch. This is because pea starch is a vegan-friendly alternative to other starches such as wheat starch.
2. Improved processing methods: There have been improvements in the processing methods used to extract pea starch. This has led to a higher quality product that is more resistant to degradation.
3. New applications for pea starch: Pea starch is being used in a variety of new applications, such as in the food industry as a thickener or emulsifier. It is also being used in the cosmetics industry as a natural alternative to synthetic ingredients.
Key Drivers
The key drivers of the pea starch market are the growing demand for healthy and natural food ingredients, the increasing popularity of plant-based foods, and the rising awareness of the environmental benefits of pea starch.
The demand for healthy and natural food ingredients is driven by the growing health consciousness of consumers. They are increasingly aware of the harmful effects of processed foods and are looking for healthier alternatives. Pea starch is a natural and healthy ingredient that is gaining popularity due to its nutritional value and health benefits.
The increasing popularity of plant-based foods is another driver of the pea starch market. Plant-based foods are becoming more popular due to their health benefits and environmental sustainability. Pea starch is a perfect ingredient for plant-based foods as it is rich in protein and fiber and has a neutral taste.
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Market Segmentation
The global pea starch market is segmented into type, application, and region. Depending on type, the market is classified into organic/non-GMO and conventional. The applications covered in the study include food & beverages, feed, and others. Region wise, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the pea starch industry include Agridient, American Key Food Products, Cosucra Groupe Warconing SA, Emsland Group, Meelunie B.V., Puris Foods, Roquette Frères, Shanghai Bichain Industrial Chemical, The Scoular Company, and Vestkorn Milling AS.
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Reasons to buy Pea Starch Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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