Expanding Consumer Demand for Natural Ingredients Drives Pea Starch Market

Meticulous Research® has recently released a detailed report titled ‘Pea Starch Market by Nature, Type, Function, and Application - Global Forecasts to 2029,’ which offers valuable insights into the growth and prospects of the pea starch market.

According to the report, the pea starch market is projected to grow to $307.4 million by 2029, with a strong compound annual growth rate (CAGR) of 7.7% from 2022 to 2029. This growth is largely attributed to the increasing consumer demand for natural, allergen-friendly, and gluten-free food products. As awareness of health and sustainability grows, pea starch has gained prominence due to its functional benefits in the food & beverage, pharmaceutical, and animal feed industries. Additionally, the rising popularity of vegan and vegetarian diets has led to an increased preference for plant-based ingredients, further propelling the demand for pea starch. Despite these positive trends, factors such as the availability of competing starches and a decline in the production of dry peas are expected to pose challenges to the market.

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Market Breakdown and Key Segments

The pea starch market is divided into various segments, including nature (organic vs. conventional), type (native vs. modified), function (thickener, gelling agent, stabilizer, binder, etc.), and application (food & beverage, pharmaceuticals, animal feed, paper, and more). These segments provide a detailed overview of the market's dynamics and key growth areas.

Conventional Pea Starch Remains Dominant

The conventional pea starch segment is expected to continue holding the largest share of the market in 2022 and beyond. This is largely due to its availability, cost-effectiveness, and the widespread cultivation of dry peas using traditional farming techniques. The conventional pea starch segment benefits from the ease of accessibility and the ability to meet the increasing demand for large-scale production. Moreover, the longer shelf life and lower production costs associated with conventional pea starch make it an attractive option for food manufacturers looking for affordable ingredients.

Native Pea Starch on the Rise

In contrast, the native pea starch segment is expected to grow at the fastest pace during the forecast period. This growth is driven by consumer demand for clean-label, sustainable, and minimally processed ingredients. Native pea starch, derived from non-GMO and gluten-free sources, appeals to health-conscious consumers who prioritize transparency and natural ingredients in their food choices. Its use in a variety of food applications, such as vegan, allergen-friendly, and gluten-free products, has fueled its adoption in the food & beverage industry.

Food & Beverage Industry Dominates Pea Starch Usage

The food & beverage industry remains the largest consumer of pea starch, with a significant share of the market in 2022. The growing demand for gluten-free and allergen-friendly foods, combined with the rising popularity of vegan and plant-based diets, has significantly contributed to the demand for pea starch. Pea starch is used across a wide range of products, including bakery items, dairy products, sauces, and ready-to-eat meals. As consumers become more aware of the importance of natural and healthy ingredients, pea starch has become a preferred choice for manufacturers seeking clean-label options.

Conclusion: Pea Starch Market’s Bright Future

The future of the pea starch market looks promising, driven by the growing consumer preference for plant-based, gluten-free, and natural ingredients. Despite challenges such as the availability of alternative starches and fluctuations in dry pea production, the demand for pea starch across industries like food & beverage, pharmaceuticals, and animal feed will continue to fuel market expansion. As the trend toward healthier and more sustainable products grows, pea starch is poised to become a key player in the global market.

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Key Players:

The pea starch market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the pea starch market are Axiom Foods Inc. (U.S.), Dakota Dry Bean Inc. (U.S.), American Key Products, Inc. (U.S.), Roquette Frères (France), Vestkorn Milling AS (Norway), Yantai Shuangta Food co., LTD (China), Cosucra Groupe Warcoing SA (Belgium), Ingredion Incorporated (U.S.), NutriPea LP (Canada), Shandong Jianyuan Foods Co., Ltd. (China), Puris Proteins, LLC (U.S.), Emsland Group (Germany), Meelunie B.V. (Netherlands), Agridient B.V. (Netherlands), Aminola B.V. (Netherlands), and Ebro Foods, S.A. (Spain).

Key Questions Answered in the Report-

What is the current value of revenue generated by the global pea starch market?
At what rate is the global demand for pea starch projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the pea starch market?
What are the major factors impacting the growth of this market at global and regional levels? What are the major opportunities for existing players and new entrants in the market?
What impact does the current COVID-19 pandemic have on the pea starch market?
Which nature, type, function, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are likely to offer significant growth opportunities for the manufacturers in this market during the analysis period?
Who are the major players in the pea starch market? What are their specific product offerings in this market?
What recent developments have taken place in the pea starch market? What impact have these strategic developments created on the market?

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