Pea Starch Market Size By Product (Food Grade, Industrial Grade, Feed Grade), By End-user (Pharmaceutical, Food & Beverage, Animal Feed, Paper & Textile), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Hungary, Poland, Croatia, Romania, Russia, Ukraine, Czech Republic, Netherlands, Austria, China, India, Japan, Oceania, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2025
Pea Starch Market will likely surpass USD 850 million by 2025; according to a new research report.
Peas have the highest starch content when compared to other starch sources such as corn, potato, maize, tapioca, and rice. They also contain the highest amylose content which provides greater steadiness under high heat, shear, and acid conditions. Such superior characteristics would lead to rise in product demand for use in an extensive variety of food products in forecast timespan. These properties will also spur product usage in other industries such as pharmaceutical, animal feed, etc. However, limited awareness regarding the benefits from using the product could restrain the growth of the global pea starch market.
The product’s major usage is for binding and thickening application in the food & beverage industry. The product also helps to preserve the quality of processed food items and enhance the texture of meat products along with bakery, canned, and dairy products. Demand for natural ingredients have increased over the past years as customers in Europe and North America have become more health conscious. The product has been witnessing increasing demand in the Asia Pacific region as it is being widely used for producing noodles. The availability of the product in different varieties would further boost the growth in global pea starch market.
The global pea starch market is segregated on the basis of product, end user, and region. Food grade is apt for human consumption whereas feed grade is appropriate for animal consumption. Food grade acquires a major share in the product section and will grow with more than 24% CAGR in the coming years. Food grade is employed in pharmaceuticals and food & beverage sectors and development in these industries will drive the segment’s development.
The global pea starch market is segregated into animal feed, pharmaceuticals, paper & textiles, food & beverages, and others. Food & beverage end user will hold a major share of the global pea starch market owing to extensive product usage in food & beverage formulations. This end-user section will grow with around 25% CAGR in forecast period. The product’s usage to preserve the quality and increase the shelf life of food items like snacks, meat, dairy, noodles, soups, etc.
Asia Pacific region holds a major share of the pea starch market owing to the rapid growth in its food & beverage industry. Rising noodle intake in Asian countries like South Korea, Singapore, China, and Japan is a major reason behind high product demand in Asia Pacific, as it is a major raw material in the production of vermicelli, noodles, and various other snacks. North America and Europe are other high potential pea starch markets where product demand will significantly rise in forecast timespan.
Roquette Freres, Meelinie, Emsland-Starke, and Cosucra-Groupe are some of the key players in the global pea starch market. Owing to lesser number of manufacturers, the pea starch market is consolidated in nature. Introducing innovative products into the industry as a response to customer requirements and investing in research activities would be a key strategy adopted by players to strengthen their positions in the pea starch market.
Pea starch market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD thousand from 2014 to 2025, for the following segments:
Pea Starch Market by Product
Pea Starch Market by End-user
Food & beverage
Paper & textile
The above information is provided on a regional and country basis for the following: