Market Size of Pea Starch Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.16 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
Pea Starch Market Analysis
The Pea Starch Market size is expected to grow from USD 128.50 million in 2023 to USD 190.21 million by 2028, at a CAGR of 8.16% during the forecast period (2023-2028).
The global outbreak of the COVID-19 pandemic had a significant impact on international trade. The effect on the grains, pulses, legumes, and oilseeds sectors was generally smaller than in other agricultural industries. However, according to the World Bank, the import of legumes (including peas) and pulses from January 2019 to February 2020 declined by 6%, owing to supply chain disruptions, followed by export restrictions. The export restrictions directly impacted the prices of agricultural commodities, including peas, which was expected to automictically have a negative price effect on its processed products such as protein, fiber, and starch. The high price point of many pea-based options had been a critical challenge, which became a more significant issue with the recession created by the pandemic, resulting in lower disposable income for many.
However, pea starch has gained immense popularity in the food and starch industries. Pea starch is extensively used in various applications, from easy processing to firm gels, as it offers vital performance and functionality benefits. Consumers are always seeking food with great texture and taste, made with clean labels & recognizable ingredients, and pea starch provides all these preferred attributes without any compromise in the color and taste of the food.
An increase in demand for pea starch from the pet food industry and continuous developments in the food & beverages industries may offer lucrative opportunities for the growth of the global pea starch market during the forecast period.
Pea Starch Industry Segmentation
Pea starch is a rich source of amylose (35 %), which gives it good thickening and gelling properties that are better than other commonly used starches. The pea starch market is segmented by source, application, and geography. By source, the market is segmented into organic and conventional. By application, the market is segmented into food and beverage, animal feed and pet food, and clinical nutrition and cosmetics applications. The food and beverage segment is further sub-segmented into bakery products, soups and sauces, snacks and cereals, meat and meat products, dairy, and other food and beverage applications. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
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Pea Starch Market Size Summary
The pea starch market is experiencing significant growth, driven by increasing consumer demand for clean-label and minimally processed food products. As health consciousness rises, consumers are seeking alternatives to modified starches, favoring ingredients that are natural and free from synthetic additives. This trend is further fueled by the growing popularity of veganism, dietary supplements, and flexitarian diets, which have accelerated the demand for pea starch. The market is also benefiting from its extensive applications in the food and starch industries, where it is valued for its performance and functionality benefits, such as providing great texture and taste without compromising on color or flavor. The pet food industry and ongoing developments in the food and beverages sectors present additional opportunities for market expansion.
The competitive landscape of the pea starch market is characterized by the presence of both local and international players, with companies like Emsland Group, Roquette Frères, Puris Foods, Cosucra Groupe Warcoing SA, and Ingredion Incorporated leading the charge. These key players are focusing on research and development, expansion, partnerships, and innovation to capture a larger market share. The European region, particularly countries like the United Kingdom, Germany, Italy, Russia, and France, is a major contributor to market growth, driven by the demand for gluten-free products and the trend of veganism. Market players are actively launching new products and forming strategic alliances to enhance their product offerings and reach.
Pea Starch Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Source
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2.1.1 Organic
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2.1.2 Conventional
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2.2 Application
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2.2.1 Food and Beverage
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2.2.1.1 Bakery Products
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2.2.1.2 Soups and Sauces
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2.2.1.3 Snacks and Cereals
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2.2.1.4 Meat and Meat Products
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2.2.1.5 Dairy
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2.2.1.6 Other Food and Beverage Applications
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2.2.2 Animal Feed and Pet Food
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2.2.3 Personal Care and Cosmetics
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 Spain
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East and Africa
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Pea Starch Market Size FAQs
What is the current Pea Starch Market size?
The Pea Starch Market is projected to register a CAGR of 8.16% during the forecast period (2024-2029)
Who are the key players in Pea Starch Market?
Ingredion Incorporated, Roquette Frères, Yantai Shuangta Food Co. Ltd , Cosucra- Groupe Warcoing and The Scoular Company are the major companies operating in the Pea Starch Market.
