Meticulous Research® has introduced a new report titled ‘Pea Starch Market by Nature (Conventional, Organic); Type (Modified, Native); Function (Thickener, Gelling, Binder, Stabilizer); Application (Food [Bakery, Dairy], Beverage, Pharmaceuticals, Paper Industry, Animal Feed) - Global Forecasts to 2029.’

The report estimates that the pea starch market will achieve $307.4 million by 2029, with a CAGR of 7.7% from 2022 to 2029. Growth drivers include rising consumer demand for convenience foods, increasing prevalence of celiac disease and food allergies, a growing interest in functional foods, and a larger vegan population. However, the market may face challenges from alternative starches and reduced dry pea production.

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Segmented by nature (conventional and organic), type (native and modified), function (thickener, gelling agent, binder, stabilizer, disintegrant, etc.), and application (including food & beverage, paper industry, pharmaceuticals, animal feed, and others), the report also covers competitive and regional analyses.

In 2022, conventional pea starch is expected to lead due to its widespread availability and lower cost, thanks to traditional farming practices and a broad range of crop varieties.

The native pea starch segment is projected to see the highest growth due to its natural and clean-label appeal, with applications spanning various sectors due to its high functionality and compliance with non-GMO and vegan standards.

Functionally, the thickener and gelling agent segment is anticipated to hold the largest market share in 2022, owing to its role in improving texture and stability in food and beverages, pharmaceuticals, and pet food.

For applications, the food and beverage sector is expected to dominate, driven by pea starch’s versatility and alignment with clean-label and dietary trends. The growing demand for natural ingredients and convenience foods further supports this sector.

North America is forecasted to have the largest market share in 2022, driven by significant dry pea production and a strong food and beverage industry. Meanwhile, the Asia-Pacific region is expected to experience the highest growth rate during the forecast period.

Key Players:

The pea starch market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the pea starch market are Axiom Foods Inc. (U.S.), Dakota Dry Bean Inc. (U.S.), American Key Products, Inc. (U.S.), Roquette Frères (France), Vestkorn Milling AS (Norway), Yantai Shuangta Food co., LTD (China), Cosucra Groupe Warcoing SA (Belgium), Ingredion Incorporated (U.S.), NutriPea LP (Canada), Shandong Jianyuan Foods Co., Ltd. (China), Puris Proteins, LLC (U.S.), Emsland Group (Germany), Meelunie B.V. (Netherlands), Agridient B.V. (Netherlands), Aminola B.V. (Netherlands), and Ebro Foods, S.A. (Spain).       

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Key Questions Answered in the Report-

• What is the current value of revenue generated by the global pea starch market?
• At what rate is the global demand for pea starch projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for the pea starch market?
• What are the major factors impacting the growth of this market at global and regional levels? What are the major opportunities for existing players and new entrants in the market?
• What impact does the current COVID-19 pandemic have on the pea starch market?
• Which nature, type, function, and application segments create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are likely to offer significant growth opportunities for the manufacturers in this market during the analysis period?
• Who are the major players in the pea starch market? What are their specific product offerings in this market?
• What recent developments have taken place in the pea starch market? What impact have these strategic developments created on the market?

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