Pea Starch Market was valued at USD 204.1 million in 2023 and is expected to reach USD 347.76 million by the year 2032, at a CAGR of 6.1%.

The pea starch market is undergoing notable expansion, fueled by rising consumer interest in plant-based and gluten-free food items. Obtained from yellow peas, pea starch is appreciated for its substantial amylose content, outstanding gelling, and thickening abilities, which make it a favored component in diverse food uses, such as soups, sauces, noodles, and sweets. Its versatility goes beyond just food, being utilized in pharmaceuticals, cosmetics, and various industrial applications, including biodegradable plastics and adhesives.

North America and Europe lead the pea starch market, driven by increasing health awareness and a movement towards plant-based and sustainable eating. The Asia-Pacific region is becoming a fast-growing market because of the expanding food processing sector and rising awareness of the health advantages of pea-based ingredients.

Top Key Players Covered In Pea Starch Market

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), Axiom Foods Inc. (United States), AGT Food and Ingredients (Canada), Ingredion (US) and others Major Players.

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Segmentation Analysis of the Pea Starch Market:

By Type

  • Native Pea Starch
  • Modified Pea Starch

By Source

  • Organic
  • Inorganic

By Application

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

Drivers

Consumers who are allergic to lactose prefer products that have pea starch as their key ingredient, as it is easy to digest as compared to the products that have lactose. Thus, growth has been witnessed in the demand for pea starch products in the population suffering from lactose intolerance. Additionally, switching in consumption pattern among consumers contribute toward the growth of the market. For instance, utilization of pea starch is anticipated to grow significantly in health-conscious consumers, as it possesses anti-allergic properties and is low in calories. This factor significantly aids the growth of the global market. Furthermore, the development of new products with improved taste and benefits, along with high marketing support, enhances the global market growth.

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Opportunities:

The increasing demand for pea starch in the pet food industry is expected to generate untapped opportunities for market participants. The pet food market is turned by two primary trends globally. These trends are premiumization and humanization. There is a rising trend of pet humanization as a family person among owners. Owing to this, there is a growth in demand for premium pet food with nutritional benefits, better digestibility, and enhanced ingredient quality for pets.

By Region

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

The reliable source of market research that can significantly boost your company is this market report, to sum up. Major locations, item values, profits, limits, generation, supply, requirements, market development rates, and quantities are only a few of the economic conditions reported in the report.

The Study Objectives are:

  • A comprehensive insight into key players operating in the Pea Starch Market and their corresponding data.
  • It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
  • Regional analysis, which includes insight into the dominant market and corresponding market share.
  • It also includes various socio-economic factors affecting the evolution of the market in the region.
  • The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.

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