USD 70.78 Billion
Pea Starch Market Size, Share, Growth Analysis, By Source(Organic, Inorganic), By Grade(Food, Feed, Industrial), By Function(Binding & thickening, Gelling, Texturizing, Fil forming), By Product type(Native starch, Modified starch (Pregelatinized, Maltodextrin, Cationic), By Application(Food and beverages (Snacks & savory products, Soups & sauces, Meat & poultry products, Confectionery products), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2271 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
65
|Figures:
75
Pea Starch Market Insights
Pea starch Market size was valued at USD 70.78 Billion in 2022 and is poised to grow from USD 74.89 Billion in 2023 to USD 117.57 Billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).
The Pea starch Market refers to the industry that revolves around the production and utilization of starch derived from peas. Pea starch is a carbohydrate extracted from peas and is widely used in various applications across the food and beverage, pharmaceutical, and industrial sectors. It is known for its functional properties, including thickening, stabilizing, and gelling abilities, making it a valuable ingredient in many products. The purpose of the pea starch market is to meet the growing demand for plant-based and natural ingredients in various industries. Pea starch serves as an alternative to traditional starches derived from corn, wheat, and potatoes. Several factors drive the growth of the pea starch market. The increasing consumer preference for clean labels and plant-based products fuels the demand for pea starch as a natural ingredient. The pea starch market faces several challenges. One significant challenge is the competition from other plant-based starches, such as tapioca starch and potato starch, which are widely available and established in the market. The pea starch market presents several opportunities for growth. The rising demand for gluten-free and allergen-free products opens avenues for the application of pea starch in the food industry. The increasing consumer awareness of sustainable and eco-friendly ingredients creates opportunities for pea starch as a renewable and plant-based alternative. The Pea starch Market caters to the demand for plant-based and natural ingredients across various industries. With driving factors like consumer preferences for clean label products and the nutritional benefits of peas, the market shows promise. However, challenges such as raw material availability and competition from other starches need to be addressed. By seizing opportunities in gluten-free and sustainable product trends, and investing in research and development, market players can capitalize on the growing demand for pea starch and drive its market growth.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Feed
Fastest Growth
Feed
Growth Rate
5.8% CAGR
Pea Starch Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Pea Starch Market Segmental Analysis
Pea starch Market is segmented on the Source, Grade, Function, Product Type, Application and region. By Source, the market is segmented into Source. By Grade, the market is segmented into Food, Feed, Industrial , By Function, the market is segmented into Binding & thickening, Gelling, Texturizing, Fil forming, other functions, By Grade Product Type, the market is segmented into Native starch, Modified starch (Pregelatinized, Maltodextrin, Cationic, Other modified starches), By Application, the market is segmented into Food and beverages (Snacks & savory products, Soups & sauces, Meat & poultry products, Confectionery products, Bakery products, Dairy products, Others), Industrial (Pharmaceuticals, Textiles, Cosmetics, Paper, Other industrial applications), Pet food (Dog food, Cat food, Ornamental bird & fish foods, Other pet food), Feed (Swine, Poultry, Ruminants, Other feed applications), By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Source
The organic sub-segment is currently dominating the market, primarily due to the increasing consumer preference for natural and chemical-free products. This trend is driven by growing awareness of health and environmental issues associated with synthetic chemicals, leading to a higher demand for organic goods across various industries, including food and beverages, cosmetics, and personal care.
On the other hand, the inorganic sub-segment is experiencing the fastest growth. This rapid expansion is attributed to advancements in technology and the development of new, efficient inorganic compounds that offer superior performance and cost-effectiveness. Industries such as agriculture, pharmaceuticals, and construction are increasingly adopting inorganic products to enhance productivity and meet stringent regulatory standards, thereby propelling the growth of this sub-segment at a faster rate compared to its organic counterpart.
Analysis by Function
The binding and thickening sub-segment are currently dominating the market. This dominance is driven by the widespread application of binding and thickening agents across various industries, including food and beverages, pharmaceuticals, and cosmetics. These agents are essential for improving the texture, consistency, and stability of products, making them highly valuable in the formulation of a wide range of consumer goods.
Meanwhile, the gelling sub-segment is experiencing the fastest growth. This rapid expansion is fueled by the increasing demand for innovative food products with unique textures and sensory experiences, particularly in the confectionery and dairy industries. Additionally, the use of gelling agents in the pharmaceutical sector for controlled-release drug formulations and in the cosmetics industry for novel skincare products is contributing to the accelerated growth of this sub-segment.
Pea Starch Market By Source
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Pea Starch Market Regional Insights
Asia Pacific emerged as a significant player in the Pea starch Market and is poised to witness the fastest growth rate during the forecast period. The region's substantial market share can be attributed to the rising demand for convenience foods, including confectionery, sauces, and soups. The increased utilization of pea starch in processed food manufacturing, coupled with a large consumer base and a growing preference for native starches, are the primary drivers propelling the market's growth in this region.
North America, however, is expected to dominate the market and hold the largest market share by 2025. This can be attributed to its status as a leading manufacturer and exporter of pea starch globally. The region is not only a major producer but also a significant consumer of pea starch, primarily driven by the growing consumption of processed foods. Additionally, the demand for adhesives in various industrial applications further contributes to the market's expansion in North America.
Pea Starch Market By Geography
- Largest
- Fastest
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Pea Starch Market Dynamics
Pea Starch Market Drivers
Increasing Consumer Demand for Clean Label and Natural Ingredients
- The rising awareness among consumers regarding the health and wellness benefits of natural and clean label products drove the demand for pea starch as a plant-based ingredient in various food and beverage products.
Growing Demand for Gluten-Free Alternatives
- The increasing prevalence of gluten intolerance and celiac disease led to a higher demand for gluten-free ingredients, including pea starch. Its gluten-free nature and functional properties made it an attractive choice for manufacturers looking to develop gluten-free products.
Pea Starch Market Restraints
Price Volatility of Raw Materials
- Fluctuations in the prices of raw materials, such as peas, can pose challenges for the pea starch market. Any significant changes in the cost of raw materials can impact the overall pricing and profitability of pea starch products.
Limited Awareness and Availability
- Despite the growing popularity of pea starch, limited awareness and availability in certain regions can act as a restraint for market growth. The lack of awareness among consumers and manufacturers about the benefits and applications of pea starch may hinder its market penetration.
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Pea Starch Market Competitive Landscape
The Pea starch Market is highly competitive, with several key players vying for market share. These companies are actively engaged in strategic initiatives such as mergers and acquisitions, collaborations, product launches, and expansions to strengthen their market position. Additionally, they focus on research and development activities to enhance their product offerings and cater to the evolving consumer demands. companies have extensive distribution networks and a wide range of product portfolios to serve various industries, including food and beverages, pharmaceuticals, cosmetics, and others. They strive to maintain quality standards, ensure a sustainable supply chain, and meet regulatory requirements to gain a competitive edge.
Pea Starch Market Top Player’s Company Profiles
- Roquette Frères (France)
- Ingredion Incorporated (US)
- Emsland Group (Germany)
- Cosucra Groupe Warcoing (Belgium)
- Meelunie B.V. (Netherlands)
- PURIS (US)
- Vestkorn Milling AS (Norway)
- AGT Food and Ingredients (Canada)
- Parrheim Foods (Canada)
- Dakota Dry Bean (US)
- Yantai Shuangta Food Co., Ltd. (China)
- Sanstar Bio-Polymers Ltd. (India)
- Shandong Jianyuan Group (China)
- COSUN Beet Company (Netherlands)
- Prairie Fava (Canada)
- American Key Food Products (US)
- Tereos Group (France)
- Inner Mongolia Qiaqia Food Co., Ltd. (China)
- Yunnan GreenLand Biotech Co., Ltd. (China)
- Archer Daniels Midland Company (US)
Pea Starch Market Recent Developments
- In June 2023 Agrocorp did a joint venture with Megmilk Snow Brand to support the growth of sustainable food and beverage production in Asia. The joint venture aligns with Megmilk Snow Brand’s Medium-Term Management Plan 2025, which specifically identified entering the plant-based food business as an important new growth area.
- In June 2023 Agrocorp did a joint venture with Megmilk Snow Brand to support the growth of sustainable food and beverage production in Asia. The joint venture aligns with Megmilk Snow Brand’s Medium-Term Management Plan 2025, which specifically identified entering the plant-based food business as an important new growth area.
- In July 2022, Roquette Frères announced the launch of a new range of pea starch products, aimed at providing clean label and functional solutions for various food applications. The new products offer improved texture and stability in food formulations.
- In March 2022, Ingredion Incorporated announced the expansion of its pea protein processing capabilities in South Sioux City, Nebraska, to meet the increasing demand for pea-based ingredients, including pea starch.
Pea Starch Key Market Trends
- Innovation in Product Development: Companies in the pea starch market focused on product innovation to cater to the evolving consumer demands. This included developing modified pea starches with improved functionalities, such as enhanced stability, better texture, and increased solubility, to meet the specific requirements of various applications.
- Sustainable Sourcing and Production Practices: The industry witnessed a growing emphasis on sustainable sourcing and production practices. Companies adopted measures to ensure responsible sourcing of peas, efficient processing methods, and reduced environmental impact throughout the supply chain. These sustainability initiatives aligned with the increasing consumer preference for environmentally friendly products.
Pea Starch Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The Pea starch Market is expected to experience significant growth during the forecast period from 2022 to 2030. The market is experiencing significant growth and is expected to continue expanding in the coming years. Pea starch is derived from peas and is widely used in various industries such as food and beverages, pharmaceuticals, and cosmetics. the key factors driving the market is the increasing demand for clean-label and natural ingredients in food products. Pea starch offers functional properties such as thickening, binding, and gelling, making it a popular choice among food manufacturers. the Pea starch Market is witnessing steady growth driven by factors such as the demand for natural and clean-label ingredients, growth in the food and pharmaceutical industries, and the rising trend of sustainable and plant-based products. While challenges exist, the market holds promising opportunities for manufacturers and suppliers in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 70.78 Billion |
| Market size value in 2031 | USD 117.57 Billion |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pea Starch Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pea Starch Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pea Starch Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pea Starch Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pea Starch Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pea Starch Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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