The pea starch market size was valued at $292.9 million in 2018, and is projected to reach $544.7 million by 2026, growing at a CAGR of 8.3% from 2019 to 2026. North America is one of the prominent regions in the market that solely accounted for approximately 42.1% of the total pea starch market share in 2018.
Pea starch is a carbohydrate product that is rich in native starch and protein. The product is rich in amylose, which promotes its gel-forming properties. Pea starch is majorly available as a by-product of protein extraction. Therefore, it is considered to be a relatively cheap source of starch compared to corn, wheat, and potato starches. Moreover, in the search for new food protein resources, small commercial facilities are engaging in manufacturing protein concentrates from pea by air classification or wet milling techniques. However, the major products from these processes are either crude or refined pea starches. Modified pea starches are used for diversified industrial applications. For instance, cross-linked starches are widely used in the food industry majorly as thickeners where high and stable viscosity is needed. It is suitable for various applications in food and animal feed production, owing to its superior film and gel-forming properties. It is used in confectionary, coating, dairy, pasta & noodles, bakery products, snacks, potato products, soups & sauces, meat, poultry, and fish & seafood products.
Moreover, cationized starches are used as a wet end additive agent in the paper manufacturing process to improve the strength of the paper.
The global pea starch market is segmented into type, application, and region. On the basis of type, the market is classified into organic/non-GMO and conventional. By application, it is differentiated into food & beverages, feed and others. Region wise, the market for pea starch is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the pea starch industry include Agridient, American Key Food Products, Cosucra Groupe Warconing SA, Emsland Group, Meelunie B.V., Puris Foods, Roquette Frères, Shanghai Bichain Industrial Chemical, the Scoular Company, and Vestkorn Milling AS.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the current pea starch market trends, estimations, and dynamics of the market size from 2019 to 2026 to identify the prevailing opportunity.
- The key countries in all the major regions are mapped depending on their market share.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- A comprehensive analysis of factors that drive and restrict the market growth is provided.
- An in-depth analysis of the market helps to determine the prevailing market opportunities.
- The report includes details of the pea starch market analysis of the regional and global markets, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS
- By Type
o Organic/Non-GMO
o Conventional
- By Application
o Food & Beverages
o Feed
o Others
- By Region
o North America
- U.S.
- Canada
- Mexico
o Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
o Asia-Pacific
- China
- India
- Japan
- Southeast Asia
- Rest of Asia-Pacific
o LAMEA
- Latin America
- Middle East
- Africa
