Report Overview

Global Pea Starch Market Size - Industry Trends & Forecast Report 2027

The global pea starch market was worth USD 135.2 Million in 2020 and is further projected to reach USD 215.6 Million by 2027, at a CAGR of 6.7 % during 2021-2027 (forecast period). Global demand for pea starch is projected to be driven by rising consumer demand for natural or plant-based ingredients. The demand for pea starch is expected to expand during the forecast period as it offers gluten-free solutions to food manufacturers along with other health advantages such as low-calorie, allergen-free, and lactose-free solutions. In addition, due to its organic origin, pea starch helps provide clean labels for treated food products, such as meat products and baked products.

Source: BlueWeave Consulting

Global Pea Starch Market Overview:

Pea starch is made from yellow pea flour, which is a popular pea ingredient. It has superior thickening and gelling properties to any other widely used starch. Pea flour, derived from yellow peas is used for making pea starch. It outperforms all other widely used starches in terms of gelling or thickening properties. Pea starch contains a lot of amylose and is gluten-free. Food and beverage manufacturers across the world are increasingly using pea starch as it is GMO (genetically modified organism)-free as well as allergen-free. This enables manufacturers in meeting evolving market expectations for healthier and clean-label food products. The rising application of pea starch as a gelling agent and stabilizing agent is another growth driver of the market. Additionally, pea starch appears to be an outstanding bioplastic, making it an ideal sustainable and biodegradable material. All of these factors combined are projected to drive the growth of the pea starch market over the forecast period.

Global Pea Starch Market Forecast and Trends

Growth Drivers

Demand from lactose-intolerant customers driving market growth

Lactose intolerant people prefer pea starch as their main dietary ingredient. In comparison to lactose products, this pea starch is easy to digest. Another factor contributing to the growth of the market is the changing consumption pattern among consumers. Pea starch is expected to become more popular among health-conscious consumers during the forecast period due to its anti-allergic properties and low-calorie content. The same factors are currently driving the growth of the global pea starch market.

Wide application in various industries

The increasing demand for pea starch in industrial applications is also responsible for driving the market's growth during the forecast period. For example, apart from the food and feed industry, pea starch is also used in the pharmaceutical industry for film-forming and coating tablets and capsules due to its gelling, thickening, and texturizing properties. It is also widely used in the production of gelatin-free capsules. Furthermore, pea starch is increasingly being used as an ingredient in personal care and cosmetic products.

Restraints

Lack of awareness

Consumers are less aware of pea starch's outstanding properties and advantages, which is likely to hamper the growth of the market. Furthermore, because of a lack of awareness, pea starch is in lower demand, and other starches derived from potatoes, maize, and other sources are becoming more prevalent in the industry. These are a few factors that may hamper the development of the pea starch industry during the forecast period. However, rising demand for pea starch in a variety of sectors, such as pharmaceuticals, food and beverages, and cosmetics, combined with consistent marketing campaigns by manufacturers, will increase customer awareness and support industry demand.

Impact of COVID-19 in the industry

COVID-19, which has been declared a global public health emergency by the World Health Organization (WHO), is affecting almost every industry on the planet. The demand for pea starch also witnessed a decline during this lockdown phase in many regions. Due to complete or partial lockdown, the demand for pea starch decreased in various industries such as dairy, beverages, cosmetics manufacturing, and others. Manufacturers' growth efforts have also been hampered, and they have been forced to delay growth plans due to economic turmoil.

Global Pea Starch Market: By Source

Based on sources, the global pea starch market is categorized into Organic, and Inorganic. Among these two, the organic segment is the fastest-growing segment, as more people nowadays prefer organic and natural-based products over inorganic ones due to changing preferences and increased awareness about individuals' overall health. Organic pea starch is a gluten-free and naturally occurring carbohydrate that is nutritious due to the presence of simple sugars. Furthermore, the growing consumer preference for clean label products will drive demand for organic pea starch in the global market.

Global Pea Starch Market: By Function

Based on function, the global pea starch market is divided into Binding and Thickening, Gelling, Texturizing, Film Forming, and others. Among these, the binding & thickening segment accounts for the significant market share due to the outstanding binding & thickening properties, and high amylose percentage of pea starch. Pea starch contains a high concentration of amylose which gives it superior thickening and gelling properties when compared to other widely used starches. This segment's growth is also expected to be aided by the rising demand for convenience foods and higher-quality feed products.

Global Pea Starch Market: By Application

Based on application, the global pea starch market is categorized into Food & Beverages, Feed, Pet Food, and Industrial. Among these, the food & beverages segment holds the largest share as pea starch is primarily used in the food & beverages industry due to its various functional benefits.

Pea starch also helps in refining the texture, reliability, and superiority of food products. Additionally, pea starch offers low fat, allergen-free, low-calorie, gluten-free, and GMO-free solutions to food & beverage producers. This enables manufacturers to meet the diverse demands of consumers for healthy and clean label products. This is a major factor driving the market's growth in the food and beverage sector.

Global Pea Starch Market – Regional Insights

Based on region, the global pea starch market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. During the forecast period, the Asia Pacific region has been identified as the fastest-growing sector. Population growth, rising disposable incomes, and increased use of dairy, confectionery, and bakery products are all driving market growth in the region. Furthermore, increased consumer awareness of pea starch products is boosting demand for both existing and new application segments. The production of dry peas in developing countries is another major factor driving the pea starch market. Furthermore, the market is being propelled forward by changing tastes and expectations, as well as the high quality of pea starch manufactured in APAC countries.

Recent Developments

l  In January 2021, Cargill, in partnership with the United Nations World Food Programme (UNWFP) and the Centre for Responsible Business (CRB), initiated a nutrition-improvement program in Jaipur, Rajasthan. The program was funded by the Government of Rajasthan's Department of Women and Child Development.

l   

l  In November 2019, Axiom Foods, Inc. extended the global distribution of its plant-based food and beverage ingredients by signing agreements with Brenntag Food & Nutrition, Healy Group, and Univar Solutions Brazil.

Competitive Landscape

Key players in the global pea starch market are Emsland Group, Roquette Frères, Vestkorn, COSUCRA, Meelunie B.V., PURIS, Axiom Foods, Inc., The Scoular Company, AGT Food and Ingredients, Dakota Ingredients, Sanstar Bio - Polymers Ltd., American Key Food Products, Parrheim Foods, Nutri-Pea, Agridient B.V., Ingredion Incorporated, Sinofi Ingredients, Euroduna Food Ingredients GmbH, AM Nutrition, and Cargill and other key manufacturers.

These companies have extensive market coverage as well as strong organizational and financial clout. Many big companies are also investing in research and development to develop advanced pea starch products and gain a competitive edge in the market. Moreover, several market players are launching healthier pea starch products to increase sales in the market. As demand for pea starch grows, so will the opportunities for market players.

Scope

·         By Source

o    Organic

o    Inorganic

·         By Function

o    Binding and Thickening

o    Gelling

o    Texturizing

o    Film Forming

o    Others

·         By Application

o    Food and Beverages

o    Feed

o    Pet Food

o    Industrial

·         By Region

o    North America

o    Latin America

o    Europe

o    Asia Pacific

o    Middle East

o    Africa

FAQs

1.    What is the current size of the global pea starch market?

Answer: Global pea starch market reached USD 135.2 Million in 2020.

2.    What are the major factors driving the growth of global pea starch market?

Answer: Pea starch is in high demand due to its numerous applications in the food, pharmaceutical, and animal feed industries. One of the key drivers for the market is the increasing use of pea starch as a gelling and stabilizing agent.

3. Who are the key players in the global pea starch market?

Answer: The key players in the global pea starch market are Emsland Group, Roquette Frères, Vestkorn, COSUCRA, Meelunie B.V., PURIS, Axiom Foods, Inc., The Scoular Company, AGT Food and Ingredients, Dakota Ingredients, Sanstar Bio - Polymers Ltd, American Key Food Products, Parrheim Foods, Nutri-Pea, Agridient B.V., Ingredion Incorporated, Sinofi Ingredients, Euroduna Food Ingredients GmbH, AM Nutrition, and Cargill and other key manufacturers.

4. Which function accounted for the largest share in the global pea starch market?

Answer: The binding & thickening segment, by function accounted for the largest share in the global pea starch market.

5. Which end-user segment accounted for the largest share in global pea starch market?

Answer: Food & Beverages segment is growing at a higher rate in the global pea starch market.

1. Research Framework

    1.1. Research Objective

    1.2. Product Overview

    1.3. Market Segmentation

2. Research Methodology

    2.1. Qualitative Research

            2.1.1. Primary & Secondary Research

2.2. Quantitative Research

2.3. Market Breakdown & Data Triangulation

           2.3.1. Secondary Research

           2.3.2. Primary Research

    2.4. Breakdown of Primary Research Respondents, By Region

    2.5. Assumption & Limitation

3. Executive Summary

4. Global Pea Starch Market Insights

    4.1. DROC Analysis

           4.1.1. Growth Drivers

           4.1.2. Restraints

           4.1.3. Opportunities

           4.1.4. Challenges

    4.2. Recent Development

    4.3. Porter’s Five Forces Analysis

            4.3.1. Bargaining Power of Suppliers

            4.3.2. Bargaining Power of Buyers

            4.3.3. Threat of New Entrants

            4.3.4. Threat of Substitutes

            4.3.5. Intensity of Rivalry

   4.4 Value Chain Analysis

   4.5 Key Strategic Developments

5. Global Pea Starch Market Overview

    5.1. Market Size & Forecast by Value, 2017-2027

            5.1.1. By Value (USD Million)

    5.2. Market Share & Forecast

            5.2.1. By Source

               5.2.1.1. Organic

               5.2.1.2. Inorganic

            5.2.2. By Function

              5.2.2.1. Binding & Thickening

              5.2.2.2. Gelling

              5.2.2.3. Texturizing

              5.2.2.4. Film foaming

              5.2.2.5. Others

           5.2.3. By Application

              5.2.3.1. Food and Beverages

              5.2.3.2. Feed

              5.2.3.3. Pet Food

              5.2.3.4. Industrial

            5.2.4. By Region

             5.2.4.1. North America

             5.2.4.2. Latin America

             5.2.4.3. Europe

             5.2.4.4. Asia Pacific

             5.2.4.5. Middle East

             5.2.4.6. Africa

6. North America Pea Starch Market

        6.1. Market Size & Forecast by Value, 2017-2027

              6.1.1. By Value (USD Million)

         6.2. Market Share & Forecast

              6.2.1. By Source

              6.2.2. By Function

              6.2.3. By Application

              6.2.4. By Country

                       6.2.4.1. United States

                       6.2.4.2. Canada

7. Europe Pea Starch Market

       7.1. Market Size & Forecast by Value, 2017-2027

            7.1.1. By Value (USD Million)

       7.2. Market Share & Forecast

            7.2.1. By Source

            7.2.2. By Function

            7.2.3. By Application

            7.2.4. By Country

                      7.2.4.1. Germany

                      7.2.4.2. Poland

                      7.2.4.3. Russia

                      7.2.4.4. Italy

                      7.2.4.5. France

                      7.2.4.6. United Kingdom

                      7.2.4.7. Spain

                      7.2.4.8. Rest of Europe

8. Asia Pacific Pea Starch Market

     8.1. Market Size & Forecast by Value, 2017-2027

             8.1.1. By Value (USD Million)

     8.2. Market Share & Forecast

            8.2.1. By Source

            8.2.2. By Function

            8.2.3. By Application

            8.2.4. By Country

                8.2.4.1. China

                8.2.4.2. India

                8.2.4.3. Japan

                8.2.5.4. Malaysia

                8.2.5.5. Singapore

                8.2.5.6. Rest of Asia Pacific

9. Latin America Pea Starch Market

   9.1.  Market Size & Forecast by Value, 2017-2027

             9.1.1. By Value (USD Million)

    9.2. Market Share & Forecast

             9.2.1. By Source

             9.2.2. By Function

             9.2.3. By Application

             9.2.4. By Country

                 9.2.4.1. Brazil

                 9.2.4.2. Mexico

                 9.2.4.3. Rest of Latin America

10. Middle East & Africa Pea Starch Market

    10.1. Market Size & Forecast by Value, 2017-2027

         10.1.1. By Value (USD Million)

    10.2. Market Share & Forecast

         10.2.1. By Source

         10.2.2. By Function

         10.2.3. By Application 

         10.2.4. By Country

             10.2.4.1. Saudi Arabia

             10.2.4.2. GCC

             10.2.4.3. UAE

             10.2.4.4. South Africa

             10.2.4.5. Rest of Middle East & Africa

11. Competitive Landscape

     11.1. List of Key Players and Their Offerings

     11.2. Market/Ranking Share Analysis

     11.3. Competitive Benchmarking, By Operating Parameters

12. COVID-19 Impact

13. Key Strategic Recommendations

14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

14.1. Emsland Group

14.2. Roquette Frères

14.3. Vestkorn

14.4. COSUCRA

14.5. Meelunie B.V.

14.6. PURIS

14.7. Axiom Foods, Inc.

14.8. The Scoular Company

14.9. AGT Food and Ingredients

14.10. Dakota Ingredients

14.11. Sanstar Bio - Polymers Ltd

14.12. American Key Food Products

14.13. Parrheim Foods

14.14. Nutri-Pea

14.15. Agridient B.V.

14.16. Ingredion Incorporated

14.17. Sinofi Ingredients

14.18. Euroduna Food Ingredients GmbH

14.19. AM Nutrition

14.20. Cargill

14.21. Other Prominent Players