Market Summary
The Global Pea Starch market was valued at USD 98.7 Million in 2019 and is expected to reach USD 181.2 Million by year 2027, at a CAGR of 8.1%. Carbohydrates extracted from peas for application in the food and feed industries are determined to be pea starches. They have an ability to resist high temperature, various pH levels along with good resistance to shearing. Pea starches are generally biodegradable and renewable in nature and therefore, they are all the more consumed as an substitute to components of fossil fuels in diversified chemical applications but predominantly in cosmetic and pharmaceutical industry to name a few.
Pea starch has different processing properties from that of pea flour, however, it is also a resultant of yellow peas, and both are most common ingredients derived from pea. They are neutral in taste and color in a white powdered form and consists of approximately, 40% starch content however, the starch is non-GMO, non-allergenic/gluten-free ingredient.
Stability of pea starch in food offers long lasted crispness in food products including, improvement in volume for extruded snacks. It is widely used in pet food industry, due the natural properties that it offers such as gluten and lactose free solutions, low calorie formulations and allergen solutions among other solutions. It is observed that consumption of these ingredients in manufacturing of the processed food is about to bring health benefits for humans across the world. For example, in pasta manufacturing, pea starches increase the amount of resistant starch which has health benefits, such as improved colon health.
North America is the largest regional market globally and is expected to expand at a remarkable growth rate during the forecast period. The Asia Pacific region is anticipated to grow at the fastest rate during the forecast period among other regions, mainly due to large-scale production and the presence of a massive consumer base with a continuous demand for processed food & beverage products. However, fluctuation is witnessed in production supply leading to demand supply gap and rising raw material costs together with certain drawbacks such as lack of awareness regarding such ingredients and the inability to provide a smooth texture desired for food products restrain the market to certain extent. Nevertheless, investments, collaboration between current market players, new product launches and new market entrants are likely to foster the growth of global pea starch market across several regions during the forecast period.
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Further key findings from the report suggest-
- Gelling is one of the most prominent functions of pea starch whose application are varied and are expected to increase in the forecast years. This is because of the reason that this ingredient is a rich source of amylose and it helps in forming aqueous gels, soups, sauces, and other products. The gelling properties of this product also helps in keeping the nutrient content of various foods intact.
- By grade, food is the largest application segment as it offers gelling, thickening, binding, and texturing properties that have several applications in food items.
- This product is used most widely in the preparation of snacks and savory food products. Native pea starch acts as a fat replacement in convenience foods, baked snacks, and nutritional food extrudates. It is also an important source of fiber in these consumables.
- The usage of these ingredients is increasing in pet foods and other animal feed products. It is also used as calf milk replacer and provides the right mix of protein and fiber necessary for the growth of pet and farm animals.
- The paper and textiles markets are among the growing applications. The starch is used for textile sizing especially in cotton yarns. Its chemical properties are also similar to those of cotton.
- Modified pea starch also finds application in the pharmaceutical industry for their applications such as paste clarity, solubility, and thaw stability. The native counterparts aid in binding and disintegration purposes in the pharmaceutical product market.
- The Asia Pacific region is a growing market and is expected to register the highest CAGR during the period of forecast. Factors such as a increasing demand for native starches, high volume of noodle consumption, increasing usage of pea starches in processed food preparation, and a huge consumer base are expected to be the major factors contributing to the impressive market growth.
- Emsland Group, Roquette Freres, Vestkorn Milling, Axiom Foods, Yantai Oriental Protein Tech Co., The Scoular Company, American Key Food Products, Cosucra Groupe Warcoing SA, Parrheim Foods, and Puris Foods are among the manufacturers of these ingredients globally.
- Fluctuating prices of production inputs, varying production, retrogradation effects that affect nutritional values of these products, among others are expected to be the major challenges to the growth of this market during the forecast period.
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For the purpose of this study, Reports and Data have segmented the market on the basis of grade, function, application and region:
Grade (Revenue, USD Million; 2016–2027)
- Food
- Feed
- Industrial
Function (Revenue, USD Million; 2016–2027)
- Binding and Thickening
- Gelling
- Texturizing
- Film Foaming
- Others
Application (Revenue, USD Million; 2016–2027)
- Food and Beverages
-
- Snacks & Savories
- Soups & Sauces
- Meat & Poultry Products
- Confectionery Products
- Bakery Products
- Dairy Products
- Industrial Purposes
-
- Pharmaceuticals
- Paper and Textiles
- Cosmetics
- Mining & Bioplastics
- Pet Food
- Feed
-
- Swine
- Ruminants
- Poultry
- Others
Regional Outlook (Revenue in USD Million; 2016–2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
- Brazil
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