Latin America Pea Starch Market size was around USD XX billion in 2022. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2028.
Pea starch is derived from the yellow peas which is the most common ingredient that is derived from peas. Peas have 40% starch which is a white powder and is neutral in taste and colour.
Pea starch is non-GMO (genetically modified organisms), non-gluten, and non-allergenic ingredient. It does not contain gluten, and is preferred by consumers who are gluten intolerant or prefer vegan food. It is stable under high temperature. Shear and acid are commonly used for the aseptic processing of food products such as soups, sauces, and meat products. Pea starch’s stability is utilized for improving crispness in food products coupled with enhancing volume quantity in several extruded snacks. It forms a strong and sliceable gel in cooling process in contrast to the other starches at about 4% in comparison to 10-20% by other starches. It provides numerous nutritional benefits like low calorie formulation, gluten and lactose free solutions, and allergen solutions.
Rising demand for pea starch as a stabilizing and gelling agent in several food products is a primary factor fuelling the pea starch market worldwide. Pea starch has numerous nutritional benefits like low calorie formulation, gluten and lactose free solutions, and allergen solutions which is another key driving factor market growth. Manufacturers are selling innovative pea starch-based products in order to remain competitive. They are providing healthier product offerings based on the growing demand for pea starch as an improved gelling agent in a variety of meat products. Thus, the Latin America pea starch market is estimated to observe robust growth over the aforementioned forecast period.
The primary factor which can hinder the market growth is pea starch’s capability of retro gradation.
The Latin America pea starch market is segmented on the basis of type, end user, and application. By type the market is categorized into feed grade, food grade, and industrial grade. By application it is primarily used as a stabilizing and gelling agent in several food products like soups, sauces and meat products. By end user it is segmented into pharmaceutical, food, feed, textile industries, and livestock.
Geographically the Latin America Pea Starch Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.
Key Players in the Market:
Major Key Players in the Latin America Pea Starch Market are
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