As per the current market research conducted by the CMI Team, the global Pea Starch Market size is expected to record a CAGR of 7.4% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 196.1 Million. By 2033, the valuation is anticipated to reach USD 372.7 Million.

Pea Starch Market: Growth Factors and Dynamics

• Rising Demand for Clean Label Products: The increasing consumer preference for clean label and natural ingredients in food products drives the demand for pea starch as a clean-label alternative to synthetic thickeners and stabilizers, contributing to market growth.

• Growing Health Consciousness: With a rising awareness of health and wellness, consumers are seeking healthier food options. Pea starch, being gluten-free, non-GMO, and allergen-friendly, is gaining popularity as a functional ingredient in health-focused food products, fueling market expansion.

• Expanding Applications in the Food Industry: Pea starch offers functional properties such as thickening, binding, and gelling, making it suitable for various applications in the food industry, including bakery, confectionery, dairy, and meat products. The versatility of pea starch drives its adoption by food manufacturers, supporting market growth.

• Increasing Demand for Plant-based Alternatives: As the demand for plant-based and vegetarian food products continues to rise, pea starch emerges as a viable ingredient for formulating plant-based alternatives to meat, dairy, and other animal-derived products, stimulating market growth.

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Pea Starch Market: Partnership and Acquisitions

• In 2021, Emsland Group allocated over USD 40.98 million to a new plant project focused on drying and modifying pea and potato starch. This initiative aims to boost production capacity to meet the rising demand for pea starch and its derivatives.

• In 2021, Gillco Ingredients and Cosucra Inc. have forged a distribution agreement, with Gillco set to distribute specialty ingredients such as Nastar native pea starch to end customers across various consumer sectors in the United States, enhancing accessibility and market reach for these innovative products.

Pea Starch Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Pea Starch Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Supply Chains: The COVID-19 pandemic disrupted global supply chains, affecting the production and distribution of pea starch. Restrictions on transportation and labor shortages hindered the supply of raw peas and processing activities, leading to supply chain disruptions and potential shortages of pea starch.

• Shift in Consumer Preferences: The pandemic altered consumer behavior and preferences, with a growing focus on health and immunity. While demand for health-oriented products increased, the food service sector, a significant market for pea starch, experienced a decline due to lockdowns and restrictions, impacting market demand.

• Diversification of Applications: To recover from the impact of COVID-19, pea starch manufacturers can diversify their product applications beyond the food service sector. Exploring opportunities in pharmaceuticals, personal care products, and industrial applications diversifies revenue streams and reduces reliance on a single market segment.

List of the prominent players in the Pea Starch Market:

• AGT Food and Ingredients Inc.
• Emsland Group
• Roquette Frères
• Vestkorn Milling AS
• Cosucra Groupe Warcoing SA
• Parrheim Foods
• Meelunie B.V.
• Sanstar Bio-Polymers Ltd.
• The Scoular Company
• Axiom Foods Inc.
• Puris Proteins LLC
• Dakota Dry Bean Inc.
• American Key Food Products (AKFP)
• AGT Foods Africa (Pty) Ltd.
• Top Health Ingredients Inc.
• Others

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