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Pea Starch Market Size Set to Surge, Expected to Reach USD 438.3 Million by 2032

06-26-2024 07:06 PM CET | Food & Beverage

Press release from: Value Market Research

Pea Starch Market Size Set to Surge, Expected to Reach USD 438.3

The global pea starch market is poised for substantial growth, projected to expand from USD 139.22 million in 2023 to an estimated USD 438.3 million by 2032. This growth reflects a robust compound annual growth rate (CAGR) of 13.59% during the forecast period from 2024 to 2032. Pea starch, recognized for its versatile applications in food and beverage industries due to its gluten-free and non-GMO properties, is witnessing increased demand driven by consumer preference for natural and plant-based ingredients. This anticipated growth underscores the evolving market dynamics and the rising prominence of sustainable food solutions globally.

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The major players in the Pea Starch market include Axiom Foods Inc., Dakota Dry Bean, Parrheim Foods, Cargill Inc., Vestkorn, Roquette, Sanstar Bio-Polymers, Emsland Group, American Key Products, Others.

The global pea starch market represents a dynamic segment of the food and beverage industry, characterized by growing consumer demand for plant-based ingredients, clean label products, and sustainable solutions. As manufacturers and retailers respond to these trends, pea starch is expected to play a pivotal role in shaping future product innovations and market strategies. By leveraging its functional properties, nutritional benefits, and eco-friendly credentials, pea starch stands poised to contribute significantly to the evolving landscape of global food and industrial applications in the years ahead.

Pea starch has emerged as a versatile ingredient in various industries, owing to its functional properties, nutritional benefits, and eco-friendly profile. As consumer preferences shift towards plant-based and clean label products, the global pea starch market is experiencing robust growth. This article provides an in-depth analysis of the Global Pea Starch Market, covering market dynamics, segmentation by nature, application, grade, end-use sectors, and regional trends from 2023 to 2032.

Understanding Pea Starch: Properties and Applications:

Pea starch is derived from yellow peas and is characterized by its white, odorless, and neutral taste profile. It serves as an effective thickening, gelling, and stabilizing agent in food products, offering functional benefits such as viscosity control, texture enhancement, and moisture retention. Pea starch is available in organic and conventional variants, catering to the preferences of health-conscious consumers and sustainable product formulations.

Browse Global Pea Starch Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/pea-starch-market

Market Dynamics and Trends:

1. Growing Demand for Clean Label and Plant-Based Ingredients

Consumer awareness regarding health and wellness has fueled the demand for clean label and plant-based products across the food and beverage industry. Pea starch, as a natural and non-allergenic ingredient, aligns with these trends, offering a viable alternative to synthetic additives and allergen-containing starches.

2. Expansion of Application Scope Across Industries

The versatility of pea starch extends beyond food applications to include pharmaceuticals, cosmetics, pet food, and industrial applications. In food processing, pea starch finds uses in soups and sauces, snacks and savory products, bakery items, and dairy alternatives. Its ability to enhance texture, stability, and mouthfeel makes it a preferred choice for manufacturers seeking functional ingredients.

3. Sustainability and Environmental Considerations

Pea starch is sourced from renewable plant-based materials, making it a sustainable option compared to starches derived from grains or tubers. As sustainability becomes a key criterion for product formulation and sourcing, the eco-friendly profile of pea starch positions it favorably in the global market.

Market Segmentation and Regional Insights:

The Global Pea Starch Market is segmented based on nature (organic, conventional), application (thickening and binding, gelling, texturizing, others), grade (feed grade, food grade, industrial grade), end-use sectors (soups and sauces, snacks and savory, bakery products, cosmetics, pharmaceuticals, pet food, others), and geographic regions. Organic pea starch is witnessing significant demand due to increasing consumer preference for organic and natural products.

By Nature

Organic
Conventional

By Application

Thickening and Binding
Gelling
Texturizing
Others

By Grade

Feed Grade
Food Grade
Industrial Grade

By End Use

Soups and Sauces
Snacks and Savory
Bakery Products
Cosmetics
Pharmaceuticals
Pet Food
Others

Regionally, North America and Europe are prominent markets for pea starch, driven by established food processing industries, stringent regulatory standards, and growing consumer demand for clean label products. The Asia Pacific region is expected to witness rapid growth during the forecast period, supported by rising disposable incomes, changing dietary habits, and expanding food and beverage sectors.

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Future Outlook and Growth Projections:

The global pea starch market is poised for substantial growth from 2023 to 2032, driven by expanding applications across diverse industries, increasing adoption of plant-based ingredients, and technological advancements in starch extraction and processing. Key factors influencing market growth include innovation in product formulations, investments in research and development, and strategic partnerships among stakeholders.

To capitalize on emerging opportunities, market players are focusing on expanding production capacities, enhancing product portfolios, and exploring new application areas for pea starch. By addressing evolving consumer preferences for clean label, sustainable, and functional ingredients, stakeholders can drive innovation and differentiation in the competitive pea starch market landscape.

See More Related Reports:

Global Pea Processed Ingredients Market Report
https://www.valuemarketresearch.com/report/pea-processed-ingredients-market

Global Organic Pea Protein Market Report
https://www.valuemarketresearch.com/report/organic-pea-protein-market

Global Pea Protein Ingredients Market Report
https://www.valuemarketresearch.com/report/pea-protein-ingredients-market

Contact:

Value Market Research
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Wipro Circle Metro Station, Hinjawadi, Pune - 411057
Maharashtra, INDIA.
Tel: +1-888-294-1147
Email: sales@valuemarketresearch.com
Website: https://www.valuemarketresearch.com

About Us:
Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.
We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.

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