The Global Pea Starch Market size was worth US$ 84.9 million in 2020, and it is estimated to reach a valuation of US$ 134.7 million by the end of 2025, progressing at an annual compound rate of 8.0% between 2020 and 2025. New developments in the food and beverage industry in North America and Europe will drive the growth of the pea starch industry worldwide.
Pea starch is a polysaccharide abundantly filled with carbohydrates and has applications in different verticals like food and beverages, pharmaceuticals, animal feed, textiles, cosmetics and so on. Dried peas are also used for the extraction of protein and starch, and the polysaccharide extracted from dried peas has a variety of functional properties that can be used for a variety of applications. Pea starch is used in a range of ready-to-mix and meal products, such as baked goods, curries, and dessert mixes. The gelation, binding and concentration of starch depend on the ratio of amylose to amylopectin. Therefore, it can be applied to a variety of convenience foods, and starch is primarily accessible as a by-product of protein extraction. As a result, it is considered an inexpensive source of carbohydrate, unlike wheat, potato, and corn starch. It can also form a gel in the water at a much lower dose than other variants. Pea starch is the primary choice for products like meat, gums, cereals, coatings and others due to its less elasticity.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 – 2025 |
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Base Year |
2019 |
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Forecast Period |
2020 - 2025 |
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CAGR |
8% |
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Segments Covered |
By Type, Application, End-User and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
ROQUETTE, Sanstar Bio - Polymers Ltd, American Key Food Products, COSUCRA (SOCODE), Shandong Jianyuan Group, Parrheim Foods, Emsland Group, Meelunie B.V., Vestkorn and Others. |
Market growth is expected to accelerate as demand for pea starch increases due to applicable industries and increased adoption of pea starch.
The growing consumer demand for pea starch and protein has primarily fueled growth, resulting in a surplus of pea starch. This product is considered one of the new starch-based ingredients in the food and feed industry. It provides many nutritional benefits and is useful for preparing allergen-free, lactose-free and gluten-free solutions. Pea starch also helps provide clean labels for processed foods such as baked goods and meat products due to organic products. Peas are produced in almost every country in the world.
Along with the demand for functional starch, starch extracted from vegetables like peas and other legumes like soy helps control the glycemic index of foods, which is similar to resistant starch and is not absorbed by the body and intestines. It happens due to its clean label profile, food manufacturers use pea starch as a variety of product formulations as an alternative to modified starch, promoting the growth of the pea starch market worldwide.
Growth is primarily driven by a surge in demand from the health food industry and increased consumer propensity for GMO-free and gluten-free diets. Market demand around the world will be driven mainly by advantages over products obtained from other conventional sources such as corn, maize, rice, and potatoes. Dried peas have a starch content of approximately 48%, while rice, corn, and potatoes, one of the most widely used sources have content of roughly 28%, 19%, and 18%. The most commonly recognized variant of pea starch around the world is the one that has a higher concentration of amylose. This unique feature provides relatively good thickening and gelling properties in the final product, making it an ideal ingredient for foods that require a short, tight texture.
The high amylose content provides more excellent stability under higher heat, shear and acid conditions than other products. These unique features will increase demand for products for food applications and increase the global pea starch market growth during the outlook period. Technological advancements have made innovations like pea starch an alternative to plastics. In other words, bioplastic films made from pea starch can be used for food packaging and wound dressing. It offers tremendous opportunities for pea starch manufacturers.
For consumers, a lack of knowledge of the product's superior properties and benefits will be an essential factor in disrupting market prospects. The spread of other products on the market, such as those obtained from potatoes, corn and maize, exacerbated the lower demand for products due to lack of knowledge. These factors can impede the expansion of the global pea starch industry during the projection period.
Asia Pacific, Europe, North America, and other regions accounted for the bulk in 2019. In Asian countries such as China, Japan, Korea, and Singapore, the consumption of noodles, soups, and starch sauces is the main reason for the growth of the pea starch market. Starch application and consumption scenarios have changed in developed markets such as North America and Europe, especially as consumer awareness has altered preferences. Asia Pacific had a significant market share in 2018 and is expected to expand to the fastest CAGR during the projection period. The region has contributed significantly to the growing demand for convenience foods, such as confectionery, sauces, and soups. Factors such as increased use of pea starch in the manufacture of processed foods, a large consumer base, and increased demand for native starch are assumed to contribute significantly to the growth of the regional market.
North America is the world's largest manufacturer and exporter of pea starch and is expected to have the largest market share by 2025. The region is also likely to remain a major consumer in the market due to the increased consumption of processed foods and the increased demand for adhesives in a wide range of industrial applications. Significant increases in production in Mexico's food processing sector are anticipated, primarily due to increased imports of machinery, growth in the baked goods and processed meat industry sector, growing demand of starch from green peas and as a texture theme for bakery and meat products during the forecast period.
Roquette is a leader in the pea starch market with offices and sales networks in more than 100 countries worldwide. The company's new pea processing plant in Manitoba, Canada, which will be operational in 2019, will help maintain the best position in the industry during the prediction period.
Key Players in the Market:
Major Key Players in the Global Pea Starch Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Food Grade
5.1.3 Feed Grade
5.1.4 Industrial Grade
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Stabilizing and gelling agent
5.2.2.1 Soups
5.2.2.2 Sauces
5.2.2.3 Meat Products
5.2.3 Y-o-Y Growth Analysis, By Application
5.2.4 Market Attractiveness Analysis, By Application
5.2.5 Market Share Analysis, By Application
5.3 End User
5.3.1 Introduction
5.3.2 Pharmaceuticals
5.3.3 Feed
5.3.4 Food
5.3.5 Textile
5.3.6 Livestock
5.3.7 Y-o-Y Growth Analysis, By End User
5.3.8 Market Attractiveness Analysis, By End User
5.3.9 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.3.4 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.4.4 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.1.5.4 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 ROQUETTE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Sanstar Bio - Polymers Ltd.
8.3 American Key Food Products
8.4 COSUCRA (SOCODE)
8.5 Shandong Jianyuan Group
8.6 Parrheim Foods
8.7 Emsland Group
8.8 Meelunie B.V.
8.9 Vestkorn
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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