Pea Starch Market – Analysis, Trends and Forecasts

The market for pea starch is estimated at USD 143 million in 2021; it is projected to grow at a CAGR of 7.2% to reach USD 203 million by 2026. Growth in the demand for pea starch in the end-user application industries is driving the market growth of pea starch. Further, increase in the demand for gluten-free products is also a major factor resulting to the rise in the demand for pea starch.

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The increasing demand for plant-based food & beverage products, in the Asia Pacific countries, drive the regions growth rate at a higher pace

The pea starch market in the Asia Pacific region is the largest. It is estimated to grow at a significant growth rate due to the rise in demand from large economies, such as China, India, Japan, and other Southeast Asian countries. Asia is among the largest pea processing regions in the world. In 2018, China imported nearly 1.8 million tons of dried peas for processing. These Asia Pacific countries primarily process these peas for manufacturing pea starch, pea protein, and pea fiber. The pea starch produced is mostly utilized in the region, mainly for manufacturing vermicelli and noodles. Apart from this, pea starch produced in the region is also used for feed and aquaculture applications. The demand for natural ingredients and clean-label food products is increasing drastically in this area. In addition, the level of investment in the food & beverage industry in Asia and the Pacific regions has increased over the past quarter-century, particularly in China, contributing to its rapid economic growth. Many players in the region are manufacturing pea starch.

Key Market Players

Key players providing pea starch industry include major players such as Yantai Shuangta Food Co., Ltd. (China), AGT Food and Ingredients (Canada), Emsland Group (Germany), Cosucra Groupe Warcoing SA (Belgium), Roquette Frères (France), Ingredion Incorporated (US), and Axiom Foods Inc. (US) among others

These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

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By application type, the food & beverage is estimated to grow at a higher growth rate in the pea starch market

Pea starch contains an extensive amount of amylose, due to which pea starch in its native form acts as an excellent clean label alternative for modified starches obtained from other sources, such as corn and wheat. It has numerous applications in various industries, such as food & beverage, pet food, feed, and other industries, including pharmaceutical, cosmetic, textile, and paper. Pea starch provides gluten-free, lactose-free, allergen-free, low-calorie, and low-fat solutions in the food industry. It is a cost-efficient and nutritional alternative to other starches, as peas have more starch content in comparison to other starches such as corn, cassava, and potato. Pea starch also plays an important role in reducing the risk of colon cancer, heart disease, obesity, and diabetes.

Pea starch has several applications in food that includes processed foods and beverages, confectionery products, dairy products, and bakery products. It is largely used for rendering food products with the required texture, consistency, and stability. Pea starch is a clean label substitute for modified starch potato and corn. Pea starch has witnessed acceptance in recent years in the food & beverage industry due to the increase in demand for natural or organic ingredients over inorganic ingredients. Pea starch is mostly used in soups, sauces, snacks, and savories, as it acts as an excellent thickener and texturizer in these products.