Market Research on Pea Starch Market Analysis to 2025
Pea starch is derived from the yellow peas which is the most common ingredient that is derived from peas. Peas contain around 40% starch which appears as a white powder and is neutral in color and taste.
Pea starch is non-gluten, non-GMO (genetically modified organisms) and non-allergenic ingredient. Pea starch does not contain gluten, and is highly preferred by consumers which are gluten intolerant and individuals that gluten-based products, including vegan consumers. Pea starch is stable under high temperature, acid and shear and is mostly used for the aseptic processing of food products such as sauces, soups and meat products. Pea starch stability is also used for enhancing crispness in food products along with improving volume quantity in various extruded snacks. Pea starch forms a firm, strong and sliceable gel during cooling process as compared with other starches at about 4% compared with 10-20% by other starches. Pea starch provides various nutritional benefits such as gluten and lactose free solutions, low calorie formulation and allergen solutions.
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Global Pea Starch: Market Segmentation
The global pea starch market is segmented on the basis of type, end user, application, and region. The global pea starch market is segmented on the basis of type which includes food grade, feed grade, and industrial grade. The global pea starch market is segmented on the basis of application in which pea starch is used as a stabilizing and gelling agent in various food products such as soups, sauces and meat products.
The global pea starch market is segmented on the basis of end user such as pharmaceutical, feed, and food and textile industries. Pea starch is also used for livestock feeding. Hence, the global pea starch market is expected to significantly increase the revenue contribution over the forecast period.
Global Pea Starch Market: Regional Outlook
Geographically, the global pea starch industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in global pea starch market followed by Asia Pacific. Increasing demand for pea starch as a gelling agent in various food products, has strengthened the growth of global pea starch market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.
Global Pea Starch Market: Growth Drivers
Growing demand for pea starch as a stabilizing and gelling agent in various food products is a major factor driving the global pea starch market worldwide. Pea starch has many nutritional benefits such as gluten and lactose free solutions, low calorie formulation and allergen solutions which is another major driving factor for global pea starch market. Manufacturers are offering innovative pea starch-based products to the consumers in order to remain in the competition in the market. Many pea starch producers are providing healthier product offerings based on the increasing demand for pea starch as a better gelling agent in a variety of meat products. Hence, the global pea starch market is expected to observe robust growth over the forecast period.
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Global Pea Starch Market: Key Players
Some of the key players identified across the value chain of the global pea starch market include ROQUETTE, Sanstar Bio – Polymers Ltd., American Key Food Products, COSUCRA (SOCODE), Shandong Jianyuan Group, Parrheim Foods, Emsland Group, Meelunie B.V., Vestkorn are among others. The companies are expected to expand their business by enhancing their product portfolio in global pea starch market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global pea starch market till 2025.