Pea Starch Market was valued at USD 204.1 million in 2023 and is expected to reach USD 347.76 million by the year 2032, at a CAGR of 6.1%.
The pea starch market is experiencing significant increase, driven by means of growing customer demand for plant-primarily based and gluten-loose meals products. Derived from yellow peas, pea starch is valued for its excessive amylose content material, wonderful gelling, and thickening homes, making it a preferred element in various meals programs, which include soups, sauces, noodles, and confectionery. Its versatility extends past food, finding uses in pharmaceuticals, cosmetics, and business applications, which includes biodegradable plastics and adhesives. North America and Europe are the dominant regions inside the pea starch marketplace, propelled by way of growing health awareness and a shift towards sustainable and plant-based diets. Asia-Pacific is emerging as a hastily growing market due to the increasing food processing enterprise and growing awareness about the health blessings of pea-primarily based components.
Prominent Key Players – Covered in the report:
Cargill Inc. (US), Coscura Groupe Warcoing SA (Belgium), Parheim Foods (Canada), Puris Foods (United States), Felleskjopet Rogaland Agder (United States), Roquette Freres (France), Vestkorn Milling AS (Norway), Shandong Jianyuan Group (China), Emsland Group (Germany), Ingredion Incorporated (United States), Axiom Foods Inc. (United States), AGT Food and Ingredients (Canada), Ingredion (US) and others Major Players.
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Market Dynamics and factors of Pea Starch Market:
Drivers:
Consumers who are allergic to lactose prefer products that have pea starch as their key ingredient, as it is easy to digest as compared to the products that have lactose. Thus, growth has been witnessed in the demand for pea starch products in the population suffering from lactose intolerance. Additionally, switching in consumption pattern among consumers contribute toward the growth of the market. For instance, utilization of pea starch is anticipated to grow significantly in health-conscious consumers, as it possesses anti-allergic properties and is low in calories. This factor significantly aids the growth of the global market. Furthermore, the development of new products with improved taste and benefits, along with high marketing support, enhances the global market growth.
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Segmentation of The Pea Starch Market
By Types
Native Pea Starch, Modified Pea Starch
By Source
Organic, Inorganic
By Applications
Food and Beverages, Pharmaceuticals & Nutraceuticals, Industrial, Feed, Other
Regional Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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This research study goes beyond conventional boundaries with extensive geographical coverage, allowing for a comprehensive understanding of regional trends. Report centrally focuses on in-depth company profiles and competitive analysis, offering valuable insights into market players' overview, market role, operating business segments, and financial performance. By evaluating crucial metrics like production volume, sales volume, and sales margin, we provide a comprehensive understanding of their market standing.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2024-2032? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Pea Starch market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Pea Starch market?
- What are the prominent market trends influencing the development of the Pea Starch market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Pea Starch market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
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