Pea Starch Market Report Overview

Meticulous Research®, a leading provider of global market intelligence, has released a new research 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." This report projects that the pea starch market will grow at a compound annual growth rate (CAGR) of 7.7%, reaching $307.4 million by 2029.

Download PDF Brochure @ https://www.meticulousresearch.com/download-sample-report/cp_id=5389

Growth Drivers in the Pea Starch Market

The pea starch market is experiencing steady growth due to several factors. One of the key drivers is the rising demand for convenience and processed foods. As modern lifestyles become increasingly fast-paced, consumers are turning to easy-to-prepare food options that often utilize pea starch as an essential ingredient. Additionally, the increasing prevalence of food allergies, such as celiac disease, is driving demand for gluten-free alternatives like pea starch. The growing popularity of plant-based diets, particularly among vegans, has also contributed to the rising demand for pea starch in food formulations. However, the market faces some challenges, including competition from alternative starches and a decline in dry pea production.

Segmentation by Nature and Type

The pea starch market is segmented by nature into conventional and organic categories. The conventional segment held the largest share of the market in 2022, primarily due to the widespread availability of crops grown through traditional farming practices. The cost-effectiveness of conventional pea starch, coupled with its extended shelf life, has made it a preferred choice for manufacturers.

In terms of type, the market is divided into native and modified pea starch. The native pea starch segment is expected to see the highest growth rate during the forecast period. This segment's growth is driven by the increasing consumer preference for sustainable and natural food products. Native pea starch is widely used in the food and beverage industry for its functionality and compatibility with clean-label, non-GMO, and gluten-free trends.

Functional Segmentation in the Pea Starch Market

Functionally, the market is divided into thickener & gelling agents, binders, stabilizers, disintegrants, and others. In 2022, the thickener & gelling agent segment accounted for the largest market share. Pea starch is widely used as a thickener and gelling agent in the food and beverage industry, as well as in pharmaceuticals and pet food, due to its ability to maintain texture stability in various conditions.

Applications Across Different Industries

The pea starch market has broad applications across industries, with the food and beverage sector leading the way. In 2022, this segment held the largest market share, driven by the growing use of pea starch in bakery and confectionery products, dairy items, soups, sauces, and other food products. Pea starch's role in creating gluten-free, vegan, and allergen-friendly products has further boosted its popularity. Additionally, the increasing demand for ready-to-eat and ready-to-cook meals has accelerated its use in food production. Beyond the food industry, pea starch is also widely used in pharmaceuticals, the paper industry, and animal feed due to its binding and stabilizing functions.

Regional Market Insights

From a regional perspective, North America accounted for the largest share of the pea starch market in 2022. The region's dominance is attributed to its large-scale dry pea production and strong demand for gluten-free and organic products. The well-established food and beverage industry in North America has further supported the growth of the market. Meanwhile, the Asia-Pacific region is projected to witness the highest growth rate over the forecast period, driven by the rising demand for convenience foods and increased health awareness among consumers.

Conclusion

The pea starch market is expected to grow steadily in the coming years, fueled by increasing consumer demand for clean-label, allergen-friendly, and plant-based products. While the market may face challenges such as competition from alternative starches and declining pea production, the overall outlook remains optimistic. With its wide range of applications across industries and regions, the pea starch market offers significant opportunities for growth and innovation.\

Browse in Depth : https://www.meticulousresearch.com/product/pea-starch-market-5389

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).       

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?

Buy Now : https://www.meticulousresearch.com/Checkout/38846553

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research