Pea Starch Market Analysis and Insights
Pea starch is a non-GMO, non-allergenic starch derived from yellow peas. It is processed from pea flour, which is a general ingredient that comes from pea. It also provides excellent thickening and gelling properties, which is better to any other normally used starches.
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The major growing factor towards pea starch market is the cost-effectiveness nature of manufacturing pea starch. The prime factor driving the demand for pea starch is the rapid increase in demand for gluten-free food products. Furthermore, the high growth in demand for pea starch from various end-use industries which is also heightening the overall demand for pea starch market over the forecast period of 2021 to 2028. Moreover, the various advantages of pea as a rich starch source as well as growing usage of pea starches in processed food preparation, huge consumer base and increasing demand for native starches also serves as foremost drivers for increasing the demand for pea starch market at a global level. In addition, the high disposable income and increased consumer demand for pea fiber and protein are also lifting the growth of the pea starch market.
However, the effect of retrogradation on the functional properties of pea starch as well as the shrink in the production of dry pea are projected to act as a restraint towards the growth of pea starch market, whereas the international and domestic food safety standards and threat of substitute starches have the potential to challenge the growth of the pea starch market.
Moreover, the constant R&D and innovations in the pea starch as well as growing demand from the pet food industry and rapid developments in the food and beverage industry will further generate new opportunities for the pea starch market in the forecast period of 2021 to 2028.
Global Pea Starch Market Scope and Market Size
On the basis of source, the pea starch market has been segmented into organic and inorganic.
Based on grade, the pea starch market has been segmented into food, feed and industrial.
On the basis of function, the pea starch market has been segmented into binding and thickening, gelling, texturizing, film forming and others. Others have further been segmented into stabilizing and moisture control.
The application segment of the pea starch has been segmented into food and beverages, feed, pet food and industrial. Food and beverages have further been segmented into snacks and savory products, soups and sauces, meat and poultry products, confectionery products, bakery products and dairy products. Feed has further been segmented into swine feed, ruminant feed, poultry feed and others. Others are further sub-segmented into aquafeed and equine feed. Pet food has further been segmented into dog food, cat food, ornamental bird and fish food and others. Others are further sub-segmented into rabbits and guinea pig food. Industrial has further been segmented into pharmaceuticals, textiles, cosmetics, paper and others. Others are further sub-segmented into mining and bioplastic.
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Pea Starch Market Country Level Analysis
Pea starch market is analyses and market size, volume information is provided by country, source, grade, function and application as referenced above.
The countries covered in the pea starch market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the pea starch market because of the growing consumption of processed food and the increasing demand for adhesives in a broad range of industrial applications in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the increasing consumption of processed food within this region.
The country section of the pea starch market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pea Starch Market Share Analysis
Pea starch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pea starch market.
The major players covered in the pea starch market report are
· Emsland Group
· Roquette Frères
· Meelunie B.V.
· Axiom Foods, Inc.
· The Scoular Company
· AGT Food and Ingredients
· Dakota Ingredients
· Sanstar Bio - Polymers Ltd
· American Key Food Products
· Parrheim Foods
· Agridient B.V.
· Ingredion Incorporated
· Sinofi Ingredients
· Euroduna Food Ingredients GmbH
· AM Nutrition
· Cargill, Incorporated
among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.
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