ID: MRFR/F-B & N/5273-HCR | 100 Pages | Published By Pradeep Nandi on March 2023
Pea Starch Market Size is anticipated to reach USD 567 million by 2030, registering a CAGR of 10.3% during 2022-2030.
$567 Million
10. 3%
North America & Europe
2022-2030
The pea starch market is anticipated to expand remarkably at a CAGR of 10.3% during the forecast period of 2022-2030 and reach the valuation of USD 567 million by the end of 2030. Peas are a good source of starch since they contain 40% starch that is colorless and tasteless. Gluten is not present in pea starch. As a result of the growing popularity of gluten-free diets, there is a strong demand for pea starch in the food and beverage industry for the manufacturing of various food products. Pea starch has become quite popular in the food and starch industries. Pea starch is widely employed in a wide range of applications, from easy processing to stiff gels, because it provides essential performance and functionality benefits. Pea starch is primarily generated from yellow peas and is processed differently than pea flour, which is the most often derived product from peas.
Pea starch can be distinguished from other native starches by the high amylose concentration of pea starch granules. As a result, pea starch has a high gelling ability that helps in the creation of gel in water at a considerably lower dose than other starches, making it a good gelling native starch. Pea starch is consequently regarded as an important ingredient in culinary products requiring a short, elastic texture, such as glass noodles or gummy confectionaries. Pea starch improves the texture of poultry rolls and vegetarian goods as well as meat products, thus changing the Pea Starch Market Outlook.
COVID Analysis
The overall lockdown scenario in numerous nations has had an impact on several companies, prompting a shift in activities such as supply chain operations, vendor operations, product promotion, and so on. Until yet, the disruption in the supply chain for different agricultural goods, including pea starch, has had little impact. COVID-19 has a significant impact on the Pea Starch Market Analysis, including North America, Europe, Asia-Pacific, South America, and the rest of the world. The emergence of COVID-19 has increased the number of deaths and long-term health consequences. As a result, the government has imposed draconian lockdown measures that have affected all sections of the economy. Governments all across the world have established measures to address the many effects of COVID-19 to minimize supply chain disruptions, higher raw material prices, and severe economic ramifications for employees. The COVID-19 scenario has a substantial impact on Europe and the Asia Pacific, among other key regions. This is due to the large number of cases reported in the regions, particularly in Spain, Italy, France, and Germany in Europe, and Japan, China, and South Korea in the Asia Pacific. Companies in several nations are developing breakthrough solutions that are environmentally safe and protect Pea Starch Market Trends and pea starch end-user goods from germ contamination.
Market Dynamics
Drivers
The high nutritional content of pea starch, combined with its low-calorie composition, is encouraging diet-conscious consumers to consume more pea starch, resulting in a significant Pea Starch Market Value of the market throughout the Market Analysis period. In the textile business, pea starch is commonly used for textile sizing and cotton yarns. Because of their ease of de-sizing and diverse qualities, starches from the adhesive composition can be adjusted during the size mix process. Furthermore, pea starches are less expensive than alternatives such as corn, wheat, and potato starch, and they have chemical properties that are similar to cotton and rayon. The worldwide textile industry has expanded in recent years as a result of an abundance of raw materials such as wool, cotton, jute, and silk. Pea starch is commonly used for finishing or sizing the cloth after it has been woven, wrap sizing before weaving, and printing certain types of fabrics. It is also used in greater volumes for laundry in both residential and commercial settings. As a result, the increased use of pea starch in the textile industry is expected to fuel Pea Starch Market Growth.
Restraints
Dry peas are the primary raw source of pea starch. If production declines along a curve, the price range of pea starch may fluctuate. With raw material changes, manufacturers might move to alternative pea starch substitutes for the same functional benefits. As a result, the drop in pea starch production is a key limitation on the Pea Starch Market Size. However, starch retrogradation causes adverse effects in starch-rich foods, such as decreased shelf life, which can present considerable issues to food processors. It has a notably negative impact on bakery items, increasing crumb stiffness, affecting flavor and aroma, and causing crispiness loss. Thus, it will affect the Pea Starch Market Share.
Technology Analysis
Globally, two major trends are driving the pet food business. These are the premiumization and humanization trends. Pet humanization is a "family member" is becoming more popular among owners. As a result, there is an increase in demand for premium pet food that provides nutritional benefits, increased digestibility, and higher ingredient quality for pets. Given this shifting human preference, prominent firms such as Ingredion (US) are including pea starch as an ingredient in their products. In pet food, pea starch is a source of carbohydrates. It has thickening and gelling qualities that improve kibble palatability and quality. Pea starch is lactose-free, gluten-free, and allergen-free, as well as an efficient binder in pet food products. With an increase in pet food consumption, the need for pea starch as a key ingredient is expected to rise the Market Outlook and Pea Starch Market Trends in the coming years.
Segment Overview
The Global Pea Starch Market is further bifurcated into various segments depending on various factors to help the market to grow as per the predicted CAGR growth by the end of the forecast period in 2030. The Global Market is segmented based on the following:
Based on the Grade, the Global Market is segmented as follows:
Based on the Application, the Global Market is segmented as follows:
Based on the Function, the Global Market is segmented as follows:
Based on the region, the Global Market is segmented as follows:
North America
Europe
Asia-Pacific
Rest of the world
Regional Classification
The Asia Pacific region has the largest pea starch market. It is expected to grow at a rapid pace because of the increased demand from large economies like China, India, Japan, and other Southeast Asian countries. Asia is one of the world's largest pea processing regions. The pea starch market is reported to be dominated by North America and Europe. Because of rising consumer demand, European countries have seen a higher rate of traction for pea starches. Some macroeconomic factors, such as increased health awareness and per capita income, play an essential part in contributing to the market's overall growth.
Competitive Landscape
The global market is highly competitive, with numerous local and international firms vying for market share. The leading businesses are expanding their global footprints to acquire a lucrative portion of the burgeoning pea starch sector. To maintain their market positions or obtain a competitive advantage, these companies have prioritized R&D, expansion, cooperation, and innovation. The major key players in the global pea starch market are as follows:
Recent Developments
Report Overview
The research provides an unbiased and in-depth analysis of the major industry trends in the pea starch market. It contains a discussion of current and historical market trends, growth potential, and difficulties, all supported by factual input. The study on the pea starch market covers three types of starches: food grade, feed grade, and industrial grade. The report evaluates the functions of pea starches such as binding and thickening agent, gelling, film making, texturizing, and others. The study on the market examines historical and current market trends, market value by segmentation and region, country-level analysis of each segment, competitive landscape, market share analysis of key players, and supply chain analysis.
Report Attribute/Metric | Details |
---|---|
Market Size | USD 567 Million |
CAGR | 10.3% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Grade, Application, Function, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Emsland Group, Roquette Freres, Vestkorn Milling AS, Cosucra Groupe Warconing SA, Meelunie B.V., Parrish And Heimbecker Ltd., Puris Foods, Yantai Oriental Protein Tech co., Ltd., The Scoular Company, Axiom Foods, Inc., Shandong Jianyuan Group, AGT Food and Ingredients, Felleskjøpet Rogaland Agder, Dakota Dry Bean, and Qingdao CBH Co., Ltd. |
Key Market Opportunities | Increased use of pea starch in the textile industry |
Key Market Drivers | Encouraging diet-conscious consumers to consume |
The global pea starch market CAGR Growth is expected to be 10.3% during the forecast period.
The companies such as Emsland Group, Roquette Freres, Vestkorn Milling AS, Cosucra Groupe Warconing SA, Meelunie B.V., Parrish And Heimbecker Ltd., Puris Foods, Yantai Oriental Protein Tech co., Ltd., The Scoular Company, Axiom Foods, Inc., Shandong Jianyuan Group, AGT Food and Ingredients, Felleskjøpet Rogaland Agder, Dakota Dry Bean, and Qingdao CBH Co., Ltd. are dictating the growth trends in the global market.
Pea starch industry is estimated to reach a valuation of approx. USD 567 million by the end of 2030.
The Asia-Pacific (APAC) region is expected to be the market leader by the end of the global forecast period in 2030.
The segments covered in the report are by grade, application, function, and region.