According to the current analysis of Reports and Data, the Global Pea Starch Market was valued at USD 98.7 Million in 2019 and is expected to reach USD 181.2 Million by year 2027, at a CAGR of 8.1%. It is one of the novel starch-based ingredients in the food and feed industries. It provides many nutritional benefits over its counterparts, and is helpful in preparing gluten-, lactose-, and other allergen-free solutions. It also aids in providing clean labels for baked goods and other processed food products due to its organic origins. Fish, meat products, and extruded foods are among the major applications of these ingredients. These cumulative applications are expected to drive the market for this ingredient over the period of forecast.
Native pea starch, a rich source of amylose, is derived from the seedpod of the pod fruit Pisum sativum. This starch is neutral in taste and contains about 40% starch content. This ingredient has a non-GMO origin and can be used to formulate food products that can claim non-allergenic and gluten free labels. With the increasing demands for clean-label processed food products, the demand for these ingredients is getting a boost.
Newer ingredients such as pea starch have novel application with regards to their functional properties. It aids in providing increased viscosity to food products, efficient binding texture, and a good film building where it is applied. Baked snack products and specific meat applications employ these starchy ingredients for various preparation processes.
North America is the largest market mainly due to the large-scale production of dry peas. The Asia Pacific market is among the fastest growing for this ingredient. Production of Pisum sativum and other legumes is abundant in this region. However, lack of awareness and a dearth of processing technology is a challenge here. Fluctuations in prices and an un-even supply are a few of the restraints to the growth of the pea starch market.
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The Pea Starch market investigation report assesses the global market for the Pea Starch industry and provides revenue and capability forecasts for the projected period of 2023-2027. The factors that drive the industry's growth are highlighted in the report. The report divides the Pea Starch market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Emsland Group,
- Roquette Freres,
- Vestkorn Milling,
- Axiom Foods,
- Yantai Oriental Protein Tech Co.,
- The Scoular Company,
- American Key Food Products,
- Cosucra Groupe Warcoing SA,
- Parrheim Foods
- Puris Foods
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
Grade (Revenue, USD Million; 2017–2027)
- Food
- Feed
- Industrial
Function (Revenue, USD Million; 2017–2027)
- Binding and Thickening
- Gelling
- Texturizing
- Film Foaming
- Others
Application (Revenue, USD Million; 2017–2027)
- Food and Beverages
- Snacks Savories
- Soups Sauces
- Ruminants
- Poultry
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Pea Starch market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Pea Starch market.
The Global Pea Starch Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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