Global Pea Starch Market Size By Source (Organic, Inorganic), By Product Type (Native Starch, Modified Starch), By Application (Food And Beverages, Industrial), By Function (Binding And Thickening, Gelling), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPea Starch Market Size And Forecast
Pea Starch Market size was valued at USD 156 Million in 2022 and is projected to reach USD 252.4 Million by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
Wow, pea starch is really having a moment! Over the past few years, the market has just exploded. People are loving it as a gluten-free and non-GMO alternative in everything from food to industrial products, and it's all thanks to the increasing buzz around clean label and plant-based ingredients. It seems like everyone's more health-conscious these days, making dietary changes, and wanting sustainable sources – all pushing the pea starch market up! And because it's so versatile, you can find it in all sorts of goodies like baked goods, snacks, and even meat replacements. If you're looking for the full scoop, the Global Pea Starch Market report gives you the whole picture. It dives deep into the key areas, trends, what's driving and holding it back, who the big players are, and everything else that's shaping the market.
Global Pea Starch Market Definition
The sale and use of a diverse and inventive starch obtained from peas, a leguminous crop, are referred to as the “Global Pea Starch Market.” Pea starch, made from the pea’s endosperm, is valued for its ability to thicken, gel, and bind substances. In the food, beverage, and industrial sectors, it has become well-known as a natural and environmentally friendly component that satisfies the rising demand for clean-label and plant-based goods.
The Pea Starch Market? Yeah, it's been on the up and up! Pea starch is super versatile, which is why you'll find it popping up everywhere – from textiles and paper to those processed foods and drinks we all grab, even pet food. And because everyone wants more of it, companies are putting money into R&D to make it even better. Plus, ingredient suppliers and food producers are teaming up to create cool new stuff. As people care more about sustainability and healthy options, the worldwide Pea Starch Market is looking pretty good as a major player in the whole alternative ingredients and sustainable sourcing scene.
So, what's driving the growth of the Pea Starch Market worldwide? Well, it's a bunch of things! For starters, people are increasingly looking for healthier, more planet-friendly food choices, which boosts demand for alternatives like pea starch. Plus, with more and more folks going allergen- or gluten-free, pea starch has found a welcome home in their diets. You'll find pea starch popping up in vegetarian, vegan, gluten-free, and non-GMO products too – it just fits right in with the plant-based movement. And get thispeas are renewable, good for the environment (they even help the soil!), and that aligns perfectly with the food industry's sustainability goals, giving pea starch a real edge.
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Global Pea Starch Market Overview
Due to the rising demand for natural and clean-label components across numerous industries, the market for pea starch has been expanding significantly on a global scale. Pea starch, which comes from peas, has many uses including thickening, gelling, and binding. Its popularity as a gluten-free, plant-based, and non-GMO component has resulted in its inclusion in a variety of applications, including those in the food, beverage, and industrial sectors.
Moreover, the market is expanding due to several variables. First, as consumer awareness of health and sustainability has grown, there is a greater desire for plant-based substitutes, which has accelerated the use of pea starch in a variety of goods. Second, the popularity of special diets like vegan and gluten-free diets has increased its use. Last but not least, peas’ ability to improve soil health and their environmental friendliness is in line with the growing emphasis on sustainability in the agricultural and industrial sectors.
Even with all its growth, the Global Pea Starch Market isn't without its challenges. One biggie is the price of peas themselves – if pea crops get too expensive, it makes producing pea starch tricky. Plus, it's not always easy to ramp up production, which can impact how steadily we can get our hands on it, especially with the limited availability of top-notch peas perfect for pulling out that starch. But hey, it's not all roadblocks! There are tons of opportunities too. The skyrocketing popularity of plant-based goodies and clean-label ingredients gives pea starch a major leg up. And with new processing techniques and fresh ways to use it, pea starch could break into entirely new markets. If everyone in the supply chain works together, we can smooth out the bumps and unlock even more potential for this stuff.
Global Pea Starch Market Segmentation Analysis
The Global Pea Starch Market is Segmented on the basis of Source, Product Type, Application, Function, and Geography.
Pea Starch Market, By Source
- Organic
- Inorganic
Based on Source, The market is segmented into Organic, Inorganic. The market for pea starch is dominated by the organic segment, which reflects the rising popularity of natural and sustainably sourced foods. Due to its connection with healthier and more ecologically conscious lives, organic pea starch has attracted the attention of consumers. The demand for organic products is increasing, driven by factors like growing knowledge of the possible health benefits of eating organic foods, worries about chemical residues in conventional farming, and a desire to support more environmentally friendly agricultural practices.
Pea Starch Market, By Product Type
- Native Starch
- Modified Starch
- Pregelatinized
- Maltodextrin
- Cationic
- Other modified starches
Based on Product Type, The market is segmented into Native Starch, Modified Starch, 1. Pregelatinized 2.Maltodextrin, 3. Cationic, 4. Other modified starches. In the product type segment of the Global Pea Starch Market, native pea starch holds the largest market share. Native pea starch is prized for its unaltered qualities, which appeal to consumers looking for foods with clear labels and less processing. Its widespread use in a variety of industries, including food, drinks, and industrial applications, is a result of its versatility as a thickening, gelling, and binding agent.
Pea Starch Market, By Application
- Food and Beverages
- Industrial
- Pet food
- Feed
When we look at how pea starch is used, it's mainly in a few key areasFood and Beverages, Industrial applications, Pet food, and Feed for livestock. But let's be honest, the "Food and Beverages" segment really takes the cake. Why? Well, pea starch is super handy! It's a great thickening agent, stabilizer, and texturizer, making it perfect for tons of food and drink products. Think about it – you'll find it in everything from bakery items and snacks to soups, sauces, and even dairy substitutes. Plus, these days everyone wants clean labels and plant-based ingredients, and that's really boosted pea starch's popularity in the food and beverage world.
Pea Starch Market, By Function
- Binding & Thickening
- Gelling
- Texturizing
- Fil forming
- Other Functions
Based on Function, The market is segmented into Binding & Thickening, Gelling, Texturizing, Fil forming, Other Functions. Within the functional segments of the worldwide Pea Starch Market, the “Binding & Thickening” segment held the most market share. Pea starch’s qualities as a thickening and binder make it extremely adaptable for a variety of food and industrial uses. Its success in this particular market is partly attributed to its capacity to improve the texture, stability, and viscosity of diverse products.
Pea Starch Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Looking at how the Global Pea Starch Market is doing across the globe, we can break it down by regionNorth America, Europe, Asia Pacific, and the Rest of the world. Right now, North America really stands out, grabbing the biggest slice of the market pie. Why? Well, there's a big push for plant-based and clean-label ingredients there. This desire has led to pea starch being used all over the place. It's no surprise really, since more and more people, especially in the food and beverage industry, are looking for healthier options. Pea starch is pretty versatile too, acting as a great binder, thickener, and texturizer, so it's a perfect fit for what people in that area are wanting these days.
Key Players
The “Global Pea Starch Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Roquette frères, Royal Ingredients Group B.V., Organic Ingredients Co. Ltd, AGT Food and Ingredients, EMFOOD TRADING BV, Puris Foods, American Key Food Products., AM Nutrition, Ingredion, Meelunie B.V., The Scoular Company.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In August 2023, Roquette, a prominent French pea processing company, unveiled its plans to invest €100 million for the augmentation of its pea protein and starch production capabilities within France. This strategic investment is anticipated to yield multiple benefits, including the creation of around 100 new employment opportunities.
- In July 2023, Ingredion, a US-based ingredient company, unveiled its intention to acquire Peavum, a prominent player in the pea starch sector. Through this acquisition, Ingredion aims to cement its leading role in the Pea Starch Market, effectively positioning itself to address the escalating demand for pea-centric ingredients across various industries.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2019-2030 |
BASE YEAR | 2022 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2019-2021 |
Unit | Value (USD Million) |
KEY COMPANIES PROFILED | Roquette frères, Royal Ingredients Group B.V., Organic Ingredients Co. Ltd, AGT Food and Ingredients, EMFOOD TRADING BV, Puris Foods, American Key Food Products., AM Nutrition, Ingredion, Meelunie B.V., The Scoular Company. |
SEGMENTS COVERED | By Source, By Product Type, By Application, By Function, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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