The global pea
starch market is foreseen to grow at 7.6% from USD 136.5 Million in 2021 to USD
245.4 Million in 2029. Growth in demand for pea starch from various end-use
industries, increase in demand for gluten-free food products, growing consumer
awareness about nutritional benefits offered by pea and pea-based products,
growing vegan population and popularity of plant-based food products are
driving the market for the upcoming forecast period. However,
effect of retrogradation on the functional properties of pea starch,
decrease in the production of dry pea is seen to hamper the market growth over
the estimated period.
Market Definition
What is Pea Starch Market?
Pea starch is made from yellow peas and is processed differently than
pea flour, which is a more widely used pea-based cuisine. It is used in a range
of food applications, including meats, charcuterie, sauces, pastas, and creams,
because of its thickening and gelling properties. It's a natural, gluten-free,
non-GMO starch with a clean label. Pea starch contains a high percentage of
amylose (35%) and has a high ability to retrograde into a solid opaque gel.
Market Overview
The pea starch market research study
helps to thoroughly understand the current trend in the market, competitive
analysis of the players in the emerging market. Moreover, the DRO in the pea
starch market offers valuable perspicuity and a current scenario for making the
right decision. The research study covers the eminent players in the market
with a detailed analysis of the company and a financial overview containing
their net sales, business mix and geographical reach It mainly focuses on the
key developments of the products/services offered by the company in recent
years. Besides, we at Zettabyte have the expertise to analyse the global pea starch market player's
competitive landscape, helping the client comprehend their specific strategic
growth approaches.
Pea starch market
study by "Zettabyte Analytics" offers details about the market scope,
market segmentation, technological advancement in the Pea starch market and
highlights the optimistic, competitive landscape and trends enduring over the
years.
Major players in Pea Starch Market Emsland Group,
Cosucra Groupe Warcoing Sa, Roquette Frères, Vestkorn Milling As, Ingredion
Incorporated, Axiom Foods, Inc., Felleskjøpet Rogaland Agder, AGT Food And
Ingredients, Parrheim Foods, Puris Foods, Meelunie B.V., The Scoular Company,
Shandong Jianyuan Group, Yantai Shuangta Food Co., Ltd., Dakota Dry Bean,
Yantai Oriental Protein Tech Co., Ltd., American Key Food Products, Nutri-Pea,
Biostarch, Agridient B.V., Dutch Ingredient Company B.V., Sinofi Ingredients,
Sanstar Bio-Polymers Ltd., Aminola Vegetable Ingredients, Herba Ingredients.
COVID-19 Impact on Global Functional
Food Ingredients Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. The impact of COVID-19 on the Pea starch market has
forced the companies to change their sourcing, pricing, and promotion
strategies. The Pea starch market players are seen focusing more on optimizing
the E-commerce networks with the rising innovations in the digital sector,
which are creating new business models for the food and beverage industry
player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). The market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and Pea starch market future
markets are analyzed to understand their impact on demand for the forecast
period. Growth rates have been estimated using correlation, regression and
time-series analysis.
Market Segmentation
For the purpose
of this report, the global pea starch markets segmented on the basis of grade
type, functioning, source, product type, application, region.
Grade Type
|
Food
|
Feed
|
Industrial
|
|
Functioning
|
Binding & Thickening
|
Gelling
|
Texturizing
|
Film Forming
|
Others
|
|
Source
|
Organic
|
Inorganic
|
|
Product Type
|
Native
|
Modified
|
|
Application
|
Food & Beverages
|
Industrial
|
Pet Food
|
Feed
|
Grade Type Outlook:
On the basis of
grade type, the market is segmented into food, feed, industrial.
Figure 1- Pea Starch Market, By Grade Type
(Market Size And Forecast By Value - USD Million, 2021 & 2029)