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

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.