Pea Starch Market
Global Pea Starch Market Size, Share & Trends Analysis Report by Function (Binding & Thickening, Gelling, Texturizing, and Film Forming), by Source (Organic and Conventional), and by Application (Food & Beverages, Animal Feed and Pet Food, Clinical Nutrition and Cosmetics) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global pea starch market is anticipated to grow at a significant CAGR of 7.3% during the forecast period. The growing demand from the food industry is supporting the pea starch market across the globe. Pea starch is used in the food industry for various applications such as bakery, sauces, dairy, pasta, soups, noodles, and meat products with noodles. Properties such as thickening, low solubility texture, low water binding, and gelling properties increase the demand from the food industries for pea starch. Factors such as the increasing consumption of packaged foods such as pasta, sauces, and noodles are increasing the demand for pea starch across the globe. According to the World Instant Noodles Association (WINA), China is one of the largest countries in demand for instant noodles with around 43.99 billion servings followed by Indonesia, Vietnam, and India, which show an upward trend in the pea starch market.
Impact of COVID-19 Pandemic on Global PEA STARCH Market
COVID-19 impacted most industries due to the closure of international borders and stringent guidelines from the governments. Due to the pandemic, the government imposed many restrictions and lockdown regulations which severely impacted many businesses. It also had a huge impact on the food supply chain in all regions including Asia-Pacific, North America, Europe, and others, due to a rapid decline in import-export of legumes such as peas which affected the market. After the pandemic, the market has started working normally as before and it is expected that the market will continue to grow in the forecast period.
Segmental Outlook
The global pea starch market is segmented based on function, source and application. Based on function, the market is segmented into binding & thickening, gelling, texturizing, and film-forming and others. Based on the source the market is segmented into organic and conventional. Based on the application, the market is sub-segmented into food & beverages, animal feed and pet food, and clinical nutrition and cosmetics. Based on function the gelling segment is anticipated to hold a significant share in the market, as the pea starch increases the viscosity of the liquid without changing the other properties. Due to the gelling property, it is widely used in gravies, sauces, soups, and others without changing the taste. The above-mentioned segments can be customized as per the requirements.
Global Pea Starch Market Share by Application, 2021 (%)
The Food and Beverages Segment is Expected to Hold a Significant Share in the Global Pea Starch Market
Based on application , the food and beverages segment is anticipated to hold a significant share of the pea starch market across the globe. Due to its vast use in the food and beverage industry is propelling the pea starch market in the forecast period. The shifting trend of consumers towards packaged, ready-to-eat food products is contributing to the pea starch market growth as the food manufacturers use pea starch in processed foods. According to the International Pasta Organization, in 2019, around 16 million pasta were produced across the globe and there was a 25% increase in the export of pasta.
Regional Outlooks
The global pea starch market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). North America is anticipated to hold significant share in the market during the forecasted period. The increasing consumption of processed packaged foods in the region will contribute to the pea starch market growth. The market can be analyzed for a particular region or country level as per the requirement
Global Pea Starch Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold the Considerable Share in the Global Pea Starch Market
The Asia-Pacific region is expected to hold a considerable share of the pea starch market. The rise in demand from the Asia-Pacific countries for dried peas and the increasing use of pea starch in meat products are the key factors contributing to the growth of the market. Dried peas are used for different uses, such as to make starch, proteins, and others. According to the Observatory of Economic Complexity (OEC) 2021 report, the top importers of dried peas in the region include China ($760 million), followed by Pakistan, and Bangladesh. This indicates the increasing trend and demand for dried peas or processed products such as pea starch, and protein, further accelerating the growth of the regional market.
Market Players Outlook
The major companies serving the global pea starch market include American Key Products, Inc., Cargill Inc., Emsland-Starke limited liability company , Ingredion Inc., Sanstar Bio - Polymers Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2019, Cargill Inc. invested an additional $75 million in PURIS, North America’s major producer of pea protein. Through investment, the company aims to meet the increasing market demand.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pea starch market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Pea Starch Market
• Recovery Scenario of Global Pea Starch Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. American Key Products, Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Cargill Inc.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Emsland-Starke limited liability company
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Ingredion Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Sanstar Bio - Polymers Ltd.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Pea Starch Market by Function
4.1.1. Binding & Thickening
4.1.2. Gelling
4.1.3. Texturizing
4.1.4. Film Forming
4.1.5. Others
4.2. Global Pea Starch Market by Source
4.2.1. Organic
4.2.2. Conventional
4.3. Global Pea Starch Market by Application
4.3.1. Food & beverages
4.3.1.1. Bakery Products
4.3.1.2. Soups and Sauces
4.3.1.3. Snacks and Cereals
4.3.1.4. Meat and Meat Products
4.3.1.5. Dairy
4.3.1.6. Others
4.3.2. Animal Feed and Pet Food
4.3.3. Clinical Nutrition and Cosmetics
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Axiom Foods Inc.
6.2. Vestkorn Milling AS Kvernveien
6.3. COSUCRA – GROUPE WARCOING
6.4. Felleskjøpet Rogaland Agder (FKRA)
6.5. Meelunie
6.6. PURIS
6.7. Roquette Frères
6.8. The Scoular Co.
6.9. YANTAI SHUANGTA FOOD CO.,LTD.s
1. GLOBAL PEA STARCH MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2021-2028 ($ MILLION)
2. GLOBAL PEA STARCH FOR BINDING & THICKENING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PEA STARCH FOR GELLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PEA STARCH FOR TEXTURIZING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL PEA STARCH FOR FILM-FORMING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION) GLOBAL PEA STARCH FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)..
6. GLOBAL PEA STARCH MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
7. GLOBAL PEA STARCH BY ORGANIC SOURCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PEA STARCH BY CONVENTIONAL SOURCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL PEA STARCH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
10. GLOBAL PEA STARCH FOR FOOD & BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL PEA STARCH FOR ANIMAL FEED AND PET FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL PEA STARCH FOR CLINICAL NUTRITION AND COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL PEA STARCH FOR FEED MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL PEA STARCH MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN PEA STARCH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN PEA STARCH MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN PEA STARCH MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN PEA STARCH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. EUROPEAN PEA STARCH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN PEA STARCH MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2021-2028 ($ MILLION)
21. EUROPEAN PEA STARCH MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
22. EUROPEAN PEA STARCH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC PEA STARCH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC PEA STARCH MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC PEA STARCH MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC PEA STARCH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27. REST OF THE WORLD PEA STARCH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD PEA STARCH MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD PEA STARCH MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD PEA STARCH MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL PEA STARCH MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL PEA STARCH MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL PEA STARCH MARKET, 2021-2028 (%)
4. GLOBAL PEA STARCH MARKET SHARE BY FUNCTION, 2021 VS 2028 (%)
5. GLOBAL PEA STARCH FOR BINDING & THICKENING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL PEA STARCH FOR GELLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL PEA STARCH FOR TEXTURIZING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL PEA STARCH FOR FILM FORMING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL PEA STARCH FOR OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL PEA STARCH MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
11. GLOBAL PEA STARCH BY ORGANIC SOURCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL PEA STARCH BY CONVENTIONAL SOURCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL PEA STARCH MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
14. GLOBAL PEA STARCH FOR FOOD & BEVERAGES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL PEA STARCH FOR ANIMAL FEED AND PET FOOD MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL PEA STARCH FOR CLINICAL NUTRITION AND COSMETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL PEA STARCH MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. US PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
20. UK PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF EUROPE PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
29. SOUTH KOREA PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF ASIA-PACIFIC PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD PEA STARCH MARKET SIZE, 2021-2028 ($ MILLION)
