Spain Pea Starch Market Share with Investment of Gross Margin, and Regional Demand till 2030
Pea Starch Market Overview
Peas are a rich source of starch, containing 40% starch. This starch is in high demand as it has no color or taste. Therefore, it can be used in many end-use industries. A new report on the global pea starch market, published by Market Research Future (MRFR), says that this market can achieve 10.3% CAGR during the forecast period (2022-2030). In terms of valuation, the market can be worth USD 567 Mn by the end of the forecast period.
Spain's pea starch market is relatively small but growing, driven by the increasing consumer demand for clean-label and gluten-free ingredients. Pea starch, with its functional properties, is becoming more popular among Spanish manufacturers looking to innovate their product offerings.
The most important driver for the global pea starch market growth is gluten-free nature. The rising trend of gluten-free diet among health-conscious consumers is inducing high demand for pea starch in the food & beverage industry. Therefore, pea starch is being used for preparing various food products. Pea starch used for preparing different protein shakes too. Its use is increasing in the industrial sector too, especially in industrial biorefineries. Other drivers for the global pea starch market growth include high nutritional value and low-calorie formulation. However, the allergic reaction caused by peas can restrain the global pea starch market growth.
Key Players
The global pea starch key market players are AGT Food & Ingredients (Canada), Axiom Foods Inc. (USA), Cosucra Groupe Warcoing SA (Belgium), Dakota Dry Bean (USA), Emsland Group (Germany), Felleskjøpet Rogaland Agder (Norway), Meelunie B.V. (Holland), Parrish & Heimbecker Ltd. (Canada), Puris Foods (USA), Roquette Freres (France), The Scoular Company (USA), Shandong Jianyuan Group (China), Qingdao CBH Co. Ltd. (China), Vestkorn Milling AS (Norway), and Yantai Oriental Protein Tech Co. Ltd. (China).
Market Segmentation
The global pea starch market overview by segmentation encompasses application, function, and grade. MRFR’s research on the market highlights many facets of the market in depth.
The application-based segmentation of this market covers food and beverages, industrial applications, pet food, and others. Among these segments, the food and beverage segment has the largest market share due to the high demand for pea starch for the preparation of various food products. During the forecast period, the industrial application segment can be the fastest-growing segment in the market.
Regarding function, the market has been segmented into binding and thickening, film-forming, gelling, texturizing, and others. Among these segments, the "binding and thickening" segment dominates the market. The gelling segment has been anticipated to rise as the fastest-growing market segment.
Based on grade, the market has been segmented into food, feed, and industrial. Among these segments, food is the largest market segment due to the high demand for pea starch in the food and beverage industry. However, the industrial segment can be the fastest-growing segment due to the increasing demand for pea starch in many end-use industries.
Latest Industry News
• Cargill is set to invest USD 75 Mn to help Puris Foods, the largest North American producer of pea protein to renovate the latter's former cheese plant in western Minnesota. Puris Foods has plans to retrofit the shuttered AMPI plant outside Dawson to produce the pea protein. 29 AUG 2019
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