Pea Starch Market is Booming Across the Globe by Share, Size, Growth, Segments and Forecast 2021-2027

Pea Starch Market

The global Pea Starch Market is experiencing a significant surge in demand and is poised for substantial growth in the forecast period of 2021-2027. Pea starch, derived from yellow peas, has gained popularity as a versatile and sustainable alternative to conventional starches. With its wide range of applications in various industries, such as food and beverages, pharmaceuticals, and personal care, the market is witnessing remarkable growth worldwide.

Factors such as increasing consumer awareness about clean label products, rising demand for gluten-free and plant-based ingredients, and growing health consciousness are driving the growth of the pea starch for market.

From 2023 to 2030, the Pea Starch Market is expected to increase at a compound annual growth rate (CAGR) of 8.16% from its 2022 value of USD 126.73 million.

Market Dynamics:

Growing Demand for Clean Label Products: Consumers are increasingly seeking products with natural and clean label ingredients. Pea starch, being a clean label ingredient with no additives or preservatives, fits the bill perfectly. This factor has fueled its demand in the food and beverage industry.

Rising Popularity of Plant-based Diets: The shift towards plant-based diets, driven by health, environmental, and ethical concerns, has created a strong demand for pea starch as a plant-derived ingredient. It serves as an ideal substitute for traditional starches in vegan and vegetarian products.

Gluten-free Trend: With the rising prevalence of gluten intolerance and celiac disease, the demand for gluten-free products has surged. Pea starch, being naturally gluten-free, is being preferred as a substitute for wheat-based starches in various gluten-free food products.

Versatile Applications: Pea starch exhibits excellent functional properties, including thickening, binding, and stabilizing abilities. It finds applications in a wide range of products, including bakery, confectionery, snacks, soups, sauces, and dairy alternatives. Moreover, it is used in the pharmaceutical and personal care industries as well.

Regional Outlook:

The Pea Starch Market is witnessing robust growth across various regions. North America and Europe dominate the market due to the high consumer demand for clean label products and gluten-free alternatives. Asia Pacific is also experiencing significant growth, driven by the increasing population, changing dietary habits, and expanding food processing industry in countries like China and India.

Competitive Landscape:

The global pea starch for market is highly competitive, with key players focusing on product innovation, expansion, and strategic collaborations to gain a competitive edge. Some prominent players in the market include Roquette Frères, Cosucra Groupe Warcoing, Vestkorn Milling AS, Meelunie B.V., and Ingredion Incorporated, among others.

The Pea Starch Market is witnessing a substantial boom globally, driven by factors such as increasing consumer demand for clean label and gluten-free products, the rise of plant-based diets, and the versatility of pea starch in various industries. With favorable market dynamics and growing applications, the market is expected to continue its upward trajectory in the forecast period of 2021-2027. As consumers increasingly prioritize sustainable and healthier alternatives, the pea starch for market presents significant opportunities for manufacturers, suppliers, and investors to capitalize on this growing trend.