Global Pea Starch Market Insights Forecasts to 2032

• The Global Pea Starch Market Size was valued at USD 149 Million in 2022.
• The Market is Growing at a CAGR of 6.4% from 2022 to 2032
• The Worldwide Pea Starch Market Size is expected to reach USD 277 Million by 2032
• North America is expected to Grow the fastest during the forecast period

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The Global Pea Starch Market Size is projected to exceed USD 277 Million by 2032, growing at a CAGR of 6.4% from 2022 to 2032. The global pea starch market is expected to continue to grow in the coming years, driven by the increasing demand for plant-based food products, the rising awareness of the health benefits associated with pea starch consumption, and the growing demand for gluten-free and clean-label food products. The market is highly competitive, with several key players operating in the market, and is expected to witness significant investments in research and development activities to bring innovative products to the market.

 

Market Overview

Pea starch is a carbohydrate extracted from yellow peas and is commonly used as a thickener, stabilizer, and gelling agent in various food products, including bakery, confectionery, snacks, and beverages. The global pea starch market has experienced significant growth in recent years, driven by the increasing demand for plant-based food products and the rising awareness of the health benefits associated with pea starch consumption. The increasing demand for gluten-free and clean-label food products is a major driver of this growth. Additionally, the growing demand for meat alternatives, particularly in developed markets, is also expected to drive the market.

 

The key players operating in the global pea starch market include Emsland Group, Roquette Freres, Cosucra Groupe Warcoing, Vestkorn Milling, and AGT Food and Ingredients. These players are focusing on expanding their product portfolio, increasing their production capacity, and establishing partnerships and collaborations to strengthen their position in the market.

 

For instance, in March 2021, Roquette Frères and Delpharm Evereux collaborated to create an innovative soft gel capsule with a plant-based shell. This vegetarian soft gel is made up of hydroxypropyl pea starch, carrageenan, and other functional ingredients and depends on Roquette's LYCAGEL pea starch soft gel technologies.

 

Consumer demand for free gluten, vegan-friendly, and non-GMO products is increasing as healthy eating becomes more popular. Pea starch is an excellent dietary additive that fulfills all of these requirements. The significant increase in global demand for convenience food is projected to drive the expansion of this market. Because of its health benefits, pea starch is increasingly being used in pet food and animal feed.  

 

Report Coverage

This research report categorizes the market for the global pea starch market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the pea starch market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the pea starch market.

 

Driving Factors

Consumer preference for organic, clean-label packaged foods, and convenience food products is driving up demand for canned foods. A fast-paced lifestyle and an increasing working population have pushed people away from home-cooked foods and towards convenience foods. Other factors contributing to the rise in canned food consumption include the development of sustainable farming practices and the benefits that canned food provides.

 

According to the USDA, the primary factors driving the increased demand for preserved foods are changes in consumer purchasing patterns, expansion of on-the-go snacking patterns, and a rise in consumers' busier lifestyles, which leads to high demand for ready-to-eat meals. The rising health consciousness among consumers, as well as increased consumer awareness of gluten-related problems, are the primary factors driving demand for pea starch.

 

Restraining Factors

Dry peas are the primary raw material for pea starch. If production declines along a curve, the price range of pea starch may fluctuate. With raw material fluctuations, manufacturers may shift to other pea starch alternatives for identical functional advantages. As a result, a decrease in pea production is a major restraint on the pea starch market.

 

Market Segmentation

The Global Pea Starch Market share is classified into source, function, and application.

 

• The organic segment is expected to hold the largest share of the global pea starch market during the forecast period. 

Based on the source, the global pea starch market is divided into organic and inorganic. Among these, the organic segment is expected to hold the largest share of the global pea starch market during the forecast period. The increase can be attributed to an increase in demand for organic pea starch as consumers' health consciousness grows. In addition, as consumers become more willing to pay higher prices for organic food products associated with health and nutrition, demand for organic pea starch is expected to rise. Organic pea starch is produced in a natural agricultural system without the use of synthetic fertilizers, making it a non-GMO and clean-label food ingredient that is well-accepted by consumers. These factors are expected to contribute to organic pea starch growth.  

 

• The gelling segment is expected to grow at the fastest rate in the global pea starch market over the projected period.

On the basis of the function, the global pea starch market is segmented into gelling, binding & thickening, texturizing, fil forming, and others. Among these, the gelling segment is expected to grow at the fastest rate in the global pea starch market over the projected period. The growth can be attributed owing to the increasing usage of gelling agents in confectionery items. Pea starch is utilized in the food and beverage sector as a gelling agent for a variety of food products, as it improves the consistency of water-based products. It is high in amylose, which is used as a gelling agent in a variety of confectionery products such as candies, jellybeans, and chewing gum. Pea starch's excellent gelling property makes it the perfect ingredient for food products requiring an elastic texture. Noodles and gummy confectioneries are two examples of these products. Because of this property, pea starch has become popular in confectionery applications to make chewy and soft candies.

 

• The food & beverages segment is expected to hold the largest share of the global pea starch market during the forecast period.

On the basis of the application, the global pea starch market is segmented into industrial, food & beverages, pet food, and feed. Among these, the food & beverages segment is expected to hold the largest share of the global pea starch market during the forecast period. The food & beverages segment dominates the pea starch market, owing to the increasing demand for healthy and natural ingredients in the food industry. Pea starch is a gluten-free and non-allergenic ingredient that is widely used as a thickener, stabilizer, and binding agent in various food products such as baked goods, soups, sauces, and beverages. The rising trend of veganism and vegetarianism is also driving the demand for plant-based ingredients such as pea starch in food products.

 

Regional Segment Analysis of the Pea Starch Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Europe is estimated to hold the largest share of the pea starch market over the predicted timeframe.

 

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Europe is anticipated to hold the largest share of the pea starch market during the forecast period. Europe dominates the global pea starch market, owing to the high demand for gluten-free and non-GMO ingredients in the food industry. The region is a major producer and consumer of pea starch, with several key players operating in the market. The increasing demand for plant-based proteins and the rising trend of veganism and vegetarianism are also driving the demand for pea starch in the region.

  

North America is expected to grow at the highest pace in the global pea starch market during the forecast period. The North American market for pea starch is, driven by the increasing demand for natural and healthy food ingredients. The region is witnessing a rising trend of clean-label and non-GMO food products, which is further driving the demand for pea starch. Because of the hectic consumer lifestyle and changing consumer food preferences, the United States has the largest processed foods market. Furthermore, due to the presence of advanced manufacturing technologies throughout the region, the industrial application segment is the largest consumer of pea starch.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global pea starch along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Roquette Freres
• Yantai Shuangta Food Co., Ltd.
• Axiom Foods
• Organicway
• The Scoular Company
• P&H Milling, Inc.
• NutriPea
• Vestkorn
• Dakota Dry Bean
• Ingredion Incorporated
• Puris Foods
• Emsland Group
• AGT Food & Ingredients
• COSUCRA
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In October 2022, Roquette has introduced organic pea starch to the organic food and beverage market. These ingredients are produced at the company's plant in Canada by organic pea growers from the country. The new product will assist customers in selecting a clean-label organic product that will improve the nutritional value of the product.

 

• In March 2021, Ingredion added PURITY P 1002 pea starch to its existing pea starch portfolio. These are produced from peas sourced from North America, and the company becomes the region's sole producer of pea protein isolates, starch, and flours. The new launch enables food and beverage manufacturers to develop plant-based products.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Pea Starch Market based on the below-mentioned segments:

 

Global Pea Starch Market, By Source

• Organic
• Inorganic

 

Global Pea Starch Market, By Function

• Gelling
• Binding & thickening
• Texturizing
• Fil forming
• Others

 

Global Pea Starch Market, By Application

• Industrial
• Food & Beverages
• Pet Food
• Feed

 

Global Pea Starch Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa