Pea Starch Market Value - By Source (Organic, Inorganic), By Grade (Food, Feed, Industrial), By Product Type (Native, Modified), By Function (Binding & Thickening, Gel Forming, Texturizing, Film Forming, Coating Swelling & Solubility, Enzymatic & Acidic Hydrolysis), By Application (Food & Beverages, Industrial, Pet Food, Feed), By Region, Industry Analysis, Size, Share & Forecast, 2023 – 2032

MVI Statistics and Viewpoints:

• Pea Starch Market size exceeded USD 160.3 Million in 2022.
• The market is predicted to attain at a 6.4% CAGR from 2023 to 2032. 
• By the end of the forecast period, the industry size of pea starch is slated to cross USD 293.8 Million.

To meet the growing demand for pea starch in food, beverage, and industrial applications, manufacturers are investing in research and development, expanding production capacity, and forming strategic partnerships. 

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Market Overview:

Pea starch is a fine, white powder extracted from peas, primarily yellow peas, and is used as an ingredient in various food, beverage, and industrial applications. It offers functional properties such as thickening, gelling, and binding, making it a versatile ingredient for manufacturers. Pea starch is used in bakery, confectionery, snacks, and dairy products in the food and beverage industry. Its ability to improve texture, mouth feel, and stability in a variety of food products has made it a popular choice among manufacturers. Furthermore, the rising prevalence of gluten intolerance and celiac disease has increased demand for gluten-free substitutes such as pea starch. Pea starch is also being used in the pharmaceutical and personal care industries due to its natural and sustainable properties. Pea starch is used in pharmaceutical formulations as a binder, disintegrate, and filler, and in personal care products as a natural absorbent, thickener, and stabilizer.

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Growth Drivers:

• Functional Properties and Versatility: Pea starch possesses functional properties such as thickening, gelling, and binding, which make it a versatile ingredient in various applications. Its ability to enhance texture, stability, and mouthfeel in food and beverage formulations has led to increased adoption by manufacturers. Pea starch can be used in bakery products, sauces, dressings, soups, dairy alternatives, and confectionery items, among others. This versatility drives its demand across different sectors of the food industry.
   
• Expansion of Food and Beverage Industry: Population growth, urbanization, and changing consumer lifestyles have all contributed to the global food and beverage industry's steady growth. As food manufacturers strive to develop innovative and healthier products, demand for functional ingredients such as pea starch has increased. The expanding food and beverage industry, particularly in developing regions, has created numerous opportunities for the global market to expand.

Restraints:

• Limited Availability and Fluctuating Supply: One of the major restraints for the global pea starch market is the scarcity of raw materials, specifically peas. Weather conditions, crop diseases, and regional agricultural practices all have an impact on pea cultivation. This can cause fluctuations in pea supply, affecting the production and availability of pea starch. The inconsistency of the supply chain can make it difficult for manufacturers to meet the growing demand for pea starch, stifling market growth.

The organic segment dominated the largest share of the Global Pea Starch Market in 2022.   

The market is classified by source into organic and inorganic. Among these segments, the organic segment dominated the largest share of the global market in 2022. Organic pea starch is produced without the use of chemical additives or processing aids, aligning with the growing consumer demand for natural and organic products. It is considered a cleaner and more sustainable option, appealing to consumers who prioritize environmental sustainability and healthy, chemical-free food ingredients.   

In 2022, the food and beverages segment held the largest share of the Global Pea Starch Market

The market is classified by application into food & beverages, industrial, pet food, and feed. Food and beverages held the largest share of the global pea starch industry in 2022. Pea starch has been widely adopted in the food and beverage industries due to its wide range of applications and rising demand for natural and clean label products. Pea starch is used as a functional ingredient in a variety of food and beverage products, providing benefits such as thickening, gelling, stabilizing, and texturizing. It is used in baked goods, confectionery, soups, sauces, snacks, dairy substitutes, and meat products. Pea starch is especially popular in clean label formulations, which cater to consumer preferences for natural, additive-free products.

Regional Overview:

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North America is expected to hold the highest revenue shares of the global pea starch market during the forecast period. The North American region, which includes the United States and Canada, accounts for a largest portion of the global pea starch industry. Factors such as the growing preference for clean label and plant-based products, increased awareness of health and wellness, and the presence of well-established food and beverage industries drive demand for pea starch in North America. Pea starch has been widely used in the region in a variety of applications, including bakery goods, snacks, soups, and dairy substitutes.

The Asia Pacific region, which includes China, India, Japan, and South Korea, offers significant growth potential for the market. Factors such as the large population, rising disposable incomes, changing dietary patterns, and increasing urbanization have all contributed to the increased demand for convenience foods, processed foods, and natural ingredients. To meet changing consumer preferences, the food and beverage industry in this region has been incorporating pea starch into products such as snacks, sauces, and bakery goods.

The Middle East and Africa region represent emerging market opportunities for pea starch. The increasing demand for clean label and natural food ingredients has been driven by the growing population, urbanization, and increased awareness of healthy eating habits. Pea starch is primarily used in the food and beverage industries, where it is found in products such as bakery goods, sauces, and snacks.  

Key Development:

• In October 2022, Roquette has entered the organic food and beverage market with organic pea starch. All of these components are made in Canada at the company's plant by organic pea growers from the country. The newly launched item will help customers choose a clean-label organic product that will increase the nutritional value of the product. 

Top Companies Includes In The Global Pea Starch Market:

• The Scoular Company
• P&H Milling, Inc.
• NutriPea
• Vestkorn
• Dakota Dry Bean
• Ingredion Incorporated
• Puris Foods
• Emsland Group
• AGT Food & Ingredients
• COSUCRA
• Others

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In-depth analysis of Global Pea Starch Market along with industry coverage and forecasting for the following segments:

Market Size, By Source

• Organic
• Inorganic

Market Size, By Grade

• Food
• Feed
• Industrial

Market Size, By Product Type

• Native
• Modified

Market Size, By Function

• Binding & Thickening
• Gel Forming
• Texturizing
• Film Forming
• Coating Swelling & Solubility
• Enzymatic & Acidic Hydrolysis  
• Others

Market Size, By Application

• Food & Beverages
• Industrial
• Pet Food
• Feed

Market Size, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America