Meticulous Research® has released a report entitled ‘‘Pea Starch Market by Nature (Conventional, Organic); Type (Modified, Native); Function (Thickener, Gelling, Binder, Stabilizer); Application (Food [Bakery, Dairy], Beverage, Pharmaceuticals, Paper Industry, Animal Feed) - Global Forecasts to 2029.’

The report forecasts that the pea starch market will reach $307.4 million by 2029, with a CAGR of 7.7% from 2022 to 2029. This growth is attributed to increasing consumer demand for convenience foods, a rise in celiac disease and food allergies, growing interest in functional foods, and a larger vegan population. However, the market may face constraints from alternative starches and declining dry pea production.

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Segmented by nature (conventional and organic), type (native and modified), function (thickener, gelling agent, binder, stabilizer, disintegrant, and others), and application (food & beverage, paper industry, pharmaceuticals, animal feed, and other sectors), the report also provides a competitive analysis and regional market insights.

The conventional pea starch segment is projected to lead in 2022 due to its availability and cost advantages, thanks to traditional harvesting methods and a wide variety of crop types.

The native pea starch segment is expected to grow rapidly, driven by demand for natural and clean-label products, with extensive applications in various sectors due to its high functionality and adherence to non-GMO and vegan trends.

Functionally, the thickener and gelling agent segment is anticipated to dominate the market in 2022, given its essential role in improving texture and stability in food, beverages, pharmaceuticals, and pet food.

In terms of application, the food and beverage sector is forecasted to lead, thanks to pea starch’s versatility and its fit with clean-label and dietary preferences. Rising demand for natural ingredients and convenience foods further supports this sector.

North America is forecasted to hold the largest market share in 2022, supported by significant dry pea production and a developed food and beverage industry. The Asia-Pacific region, however, is expected to show the highest growth rate during the forecast period.

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).

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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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