Pea Starch Market Report
Global Pea Starch Market, By Source (Organic, Inorganic); Function (Binding and Thickening, Gelling, Texturizing, Film Forming, Others); Application (Food and Beverages, Feed, Pet Food, Industrial); By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa); Trend Analysis, Competitive Market Share & Forecast, 2021-2027
- Published Date: May 2021
- Report ID: BWC20344
- Available Format: PDF
- Page: 158
Report Overview
Global Pea Starch
Market Size
-
Industry
Trends & Forecast Report 2027
The global pea starch market was worth USD 135.2 Million in 2020 and is further projected to reach USD 215.6 Million by 2027, at a CAGR of 6.7 % during 2021-2027 (forecast period). Global demand for pea starch is projected to be driven by rising consumer demand for natural or plant-based ingredients. The demand for pea starch is expected to expand during the forecast period as it offers gluten-free solutions to food manufacturers along with other health advantages such as low-calorie, allergen-free, and lactose-free solutions. In addition, due to its organic origin, pea starch helps provide clean labels for treated food products, such as meat products and baked products.
Source: BlueWeave Consulting
Global Pea Starch Market Overview:
Pea starch is made from yellow pea flour, which is a popular pea
ingredient. It has superior thickening and gelling properties to any other
widely used starch. Pea flour, derived from yellow peas is used
for making pea starch. It outperforms all other widely used starches
in terms of gelling or thickening properties. Pea starch contains a lot of
amylose and is gluten-free. Food and beverage manufacturers across the world
are increasingly using pea starch as it is GMO (genetically modified organism)-free
as well as allergen-free. This enables manufacturers in meeting evolving market
expectations for healthier and clean-label food products. The rising
application of pea starch as a gelling agent and stabilizing agent is another growth
driver of the market. Additionally, pea starch appears to be an outstanding
bioplastic, making it an ideal sustainable and biodegradable material. All of
these factors combined are projected to drive the growth of the pea
starch market over the forecast period.
Global Pea Starch
Market Forecast
and Trends
Growth
Drivers
Demand
from lactose-intolerant customers driving market growth
Lactose intolerant people prefer pea starch
as their main dietary ingredient. In comparison to lactose products, this pea
starch is easy to digest. Another factor contributing to the growth of the
market is the changing consumption pattern among consumers. Pea starch is
expected to become more popular among health-conscious consumers during the
forecast period due to its anti-allergic properties and low-calorie
content. The same factors are currently driving the growth of the global pea
starch market.
Wide
application in various industries
The increasing demand for pea starch in
industrial applications is also responsible for driving the market's growth
during the forecast period. For example, apart from the food and feed industry,
pea starch is also used in the pharmaceutical industry for film-forming and
coating tablets and capsules due to its gelling, thickening, and texturizing
properties. It is also widely used in the production of gelatin-free capsules. Furthermore,
pea starch is increasingly being used as an ingredient in personal care and
cosmetic products.
Restraints
Lack
of awareness
Consumers are less aware of pea starch's
outstanding properties and advantages, which is likely to hamper the growth of
the market. Furthermore, because of a lack of awareness, pea starch is in lower
demand, and other starches derived from potatoes, maize, and other sources are becoming
more prevalent in the industry. These are a few factors that may hamper the
development of the pea starch industry during the forecast period. However,
rising demand for pea starch in a variety of sectors, such as pharmaceuticals,
food and beverages, and cosmetics, combined with consistent marketing
campaigns by manufacturers, will increase customer awareness and support
industry demand.
Impact
of COVID-19 in the industry
COVID-19, which has been declared a global
public health emergency by the World Health Organization (WHO), is affecting
almost every industry on the planet. The demand for pea starch also witnessed a
decline during this lockdown phase in many regions. Due to complete or partial
lockdown, the demand for pea starch decreased in various industries such
as dairy, beverages, cosmetics manufacturing, and others. Manufacturers' growth
efforts have also been hampered, and they have been forced to delay growth
plans due to economic turmoil.
Global Pea Starch
Market: By Source
Based on sources, the global pea starch
market is categorized into Organic, and Inorganic. Among
these two, the organic segment is the fastest-growing segment, as more people
nowadays prefer organic and natural-based products over inorganic ones due
to changing preferences and increased awareness about individuals' overall
health. Organic pea starch is a gluten-free and naturally occurring
carbohydrate that is nutritious due to the presence of simple sugars. Furthermore,
the growing consumer preference for clean label products will drive demand for
organic pea starch in the global market.
Global Pea Starch
Market: By
Function
Based on function, the global pea starch
market is divided into Binding and Thickening, Gelling, Texturizing, Film
Forming, and others. Among these, the binding & thickening segment accounts
for the significant market share due to the outstanding binding &
thickening properties, and high amylose percentage of pea starch. Pea starch
contains a high concentration of amylose which gives it superior
thickening and gelling properties when compared to other widely used starches. This
segment's growth is also expected to be aided by the rising demand for
convenience foods and higher-quality feed products.
Global Pea Starch
Market: By
Application
Based on application, the global pea starch
market is categorized into Food & Beverages, Feed, Pet Food,
and Industrial. Among
these, the food & beverages segment holds the largest share as pea
starch is primarily used in the food & beverages industry due to its
various functional benefits.
Pea starch also helps in refining the
texture, reliability, and superiority of food products. Additionally, pea
starch offers low fat, allergen-free, low-calorie, gluten-free, and GMO-free
solutions to food & beverage producers. This enables manufacturers
to meet the diverse demands of consumers for healthy and clean label products.
This is a major factor driving the market's growth in the food and beverage
sector.
Global Pea Starch
Market –
Regional Insights
Based on region, the global pea starch market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. During the forecast period, the Asia Pacific region has been identified as the fastest-growing sector. Population growth, rising disposable incomes, and increased use of dairy, confectionery, and bakery products are all driving market growth in the region. Furthermore, increased consumer awareness of pea starch products is boosting demand for both existing and new application segments. The production of dry peas in developing countries is another major factor driving the pea starch market. Furthermore, the market is being propelled forward by changing tastes and expectations, as well as the high quality of pea starch manufactured in APAC countries.
Recent
Developments
l In January
2021, Cargill, in partnership with the United Nations World Food Programme
(UNWFP) and the Centre for Responsible Business (CRB), initiated a
nutrition-improvement program in Jaipur, Rajasthan. The program was funded
by the Government of Rajasthan's Department of Women and Child Development.
l
l In November
2019, Axiom Foods, Inc. extended the global distribution of its plant-based
food and beverage ingredients by signing agreements with Brenntag Food &
Nutrition, Healy Group, and Univar Solutions Brazil.
Competitive
Landscape
Key players in the global pea starch market are
Emsland Group, Roquette Frères, Vestkorn, COSUCRA, Meelunie B.V., PURIS, Axiom
Foods, Inc., The Scoular Company, AGT Food and Ingredients, Dakota Ingredients,
Sanstar Bio - Polymers Ltd., American Key Food Products, Parrheim Foods,
Nutri-Pea, Agridient B.V., Ingredion Incorporated, Sinofi Ingredients, Euroduna
Food Ingredients GmbH, AM Nutrition, and Cargill and other key manufacturers.
These
companies have extensive market coverage as well as strong organizational and
financial clout. Many big companies are also investing in research and
development to develop advanced pea starch products and gain a competitive edge
in the market. Moreover, several market players are launching healthier pea
starch products to increase sales in the market. As demand for pea starch
grows, so will the opportunities for market players.
Scope
Attribute |
Details |
Years
Considered |
Base Year –
2020 Forecast – 2021 – 2027 |
Facts Covered |
Revenue in USD Million |
Market Coverage |
U.S.A, Canada, Germany, UK, France, Italy, Spain,
Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE, South
Africa, Saudi Arabia |
Product/Service Segmentation |
By Source, By Function,
By Application, By Region |
Key Players |
Key players for global pea starch market are Emsland
Group, Roquette Frères, Vestkorn, COSUCRA, Meelunie B.V., PURIS, Axiom Foods,
Inc., The Scoular Company, AGT Food and Ingredients, Dakota Ingredients,
Sanstar Bio - Polymers Ltd, American Key Food Products, Parrheim Foods,
Nutri-Pea, Agridient B.V., Ingredion Incorporated, Sinofi Ingredients,
Euroduna Food Ingredients GmbH, AM Nutrition, and Cargill and other key
manufacturers. |
·
By Source
o
Organic
o
Inorganic
·
By
Function
o
Binding and Thickening
o
Gelling
o
Texturizing
o
Film Forming
o
Others
·
By
Application
o
Food and Beverages
o
Feed
o
Pet Food
o
Industrial
·
By
Region
o
North America
o
Latin America
o
Europe
o
Asia Pacific
o
Middle East
o
Africa
FAQs
1. What is the current size of the global
pea starch market?
Answer:
Global pea starch market reached USD 135.2 Million
in 2020.
2. What are the major factors driving the
growth of global pea starch market?
Answer: Pea starch is in high demand due to its numerous
applications in the food, pharmaceutical, and animal feed industries. One of
the key drivers for the market is the increasing use of pea starch as a gelling
and stabilizing agent.
3. Who are the key players in the global
pea starch market?
Answer:
The key players in the global pea starch market are Emsland Group, Roquette
Frères, Vestkorn, COSUCRA, Meelunie B.V., PURIS, Axiom Foods, Inc., The Scoular
Company, AGT Food and Ingredients, Dakota Ingredients, Sanstar Bio - Polymers
Ltd, American Key Food Products, Parrheim Foods, Nutri-Pea, Agridient B.V.,
Ingredion Incorporated, Sinofi Ingredients, Euroduna Food Ingredients GmbH, AM
Nutrition, and Cargill and other key manufacturers.
4. Which function accounted for the
largest share in the global pea starch market?
Answer:
The binding & thickening segment, by function accounted for the largest
share in the global pea starch market.
5. Which end-user segment accounted for
the largest share in global pea starch market?
Answer: Food & Beverages segment is growing at a higher rate in the global pea starch market.
1. Research
Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research
Methodology
2.1. Qualitative Research
2.1.1. Primary
& Secondary Research
2.2. Quantitative
Research
2.3. Market Breakdown
& Data Triangulation
2.3.1. Secondary
Research
2.3.2. Primary
Research
2.4. Breakdown of
Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive
Summary
4. Global Pea
Starch Market Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Recent Development
4.3.
Porter’s Five Forces Analysis
4.3.1. Bargaining Power of
Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4 Value Chain Analysis
4.5 Key Strategic Developments
5. Global Pea
Starch Market Overview
5.1. Market
Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2. Market
Share & Forecast
5.2.1. By Source
5.2.1.1. Organic
5.2.1.2. Inorganic
5.2.2. By Function
5.2.2.1. Binding & Thickening
5.2.2.2. Gelling
5.2.2.3. Texturizing
5.2.2.4. Film foaming
5.2.2.5. Others
5.2.3. By Application
5.2.3.1. Food and
Beverages
5.2.3.2. Feed
5.2.3.3. Pet Food
5.2.3.4. Industrial
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Latin America
5.2.4.3. Europe
5.2.4.4. Asia Pacific
5.2.4.5. Middle East
5.2.4.6. Africa
6. North America Pea
Starch Market
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Source
6.2.2. By Function
6.2.3. By Application
6.2.4. By Country
6.2.4.1. United States
6.2.4.2. Canada
7. Europe Pea Starch Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By Function
7.2.3. By Application
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. Poland
7.2.4.3. Russia
7.2.4.4. Italy
7.2.4.5. France
7.2.4.6. United Kingdom
7.2.4.7. Spain
7.2.4.8. Rest of Europe
8. Asia Pacific Pea
Starch Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Source
8.2.2. By Function
8.2.3. By Application
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.5.4. Malaysia
8.2.5.5. Singapore
8.2.5.6. Rest of Asia Pacific
9. Latin America Pea
Starch Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Source
9.2.2. By Function
9.2.3. By Application
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Mexico
9.2.4.3. Rest of Latin America
10. Middle East & Africa Pea Starch Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Source
10.2.2. By Function
10.2.3. By Application
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. GCC
10.2.4.3. UAE
10.2.4.4. South Africa
10.2.4.5. Rest of Middle East
& Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. COVID-19 Impact
13. Key Strategic Recommendations
14. Company Profile (Company Overview, Financial
Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address,
and Strategic Outlook)
14.1. Emsland Group
14.2. Roquette Frères
14.3. Vestkorn
14.4. COSUCRA
14.5. Meelunie B.V.
14.6. PURIS
14.7. Axiom Foods,
Inc.
14.8. The Scoular
Company
14.9. AGT Food and
Ingredients
14.10. Dakota
Ingredients
14.11. Sanstar Bio -
Polymers Ltd
14.12. American Key
Food Products
14.13. Parrheim Foods
14.14. Nutri-Pea
14.15. Agridient B.V.
14.16. Ingredion
Incorporated
14.17. Sinofi
Ingredients
14.18. Euroduna Food
Ingredients GmbH
14.19. AM Nutrition
14.20. Cargill
14.21. Other Prominent Players
Market Segmentation
·
By Source
o
Organic
o
Inorganic
·
By
Function
o
Binding and Thickening
o
Gelling
o
Texturizing
o
Film Forming
o
Others
·
By
Application
o
Food and Beverages
o
Feed
o
Pet Food
o
Industrial
·
By
Region
o
North America
o
Latin America
o
Europe
o
Asia Pacific
o
Middle East
o
Africa
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