Global Pea Starch Market, By Source Type (Organic, Conventional), By Application (Food & Beverages, Industrial, Pet Food, Feed) and opportunities and forecast 2020-2027
Pea Starch Market Overview
Pea starch is wide employed in the textile business for textile size and cotton yarns. thanks to the simple de-sizing and varied properties, starches from the adhesive element is customised in keeping with the need throughout the method of size combine. what is more, pea starches area unit cost-efficient compared with different alternatives, like corn, wheat, and potato starch, and additionally possess comparatively similar chemical properties to cotton and textile. the worldwide textile business has witnessed growth in recent years thanks to the copious provide of raw materials like wool, cotton, jute, and silk. Pea starch is wide used for finishing or size the material when it's plain-woven, wrap size preceding to weaving, and printing some sorts of materials. it's additionally employed in higher quantities for washing in each home and business establishments. Thus, the rise within the usage of pea starch within the textile business is projected to drive the market growth.
The pet foodstuff is driven by 2 primary trends globally. These trends area unit premiumization and improvement. there's a growing trend of pet improvement as a “family member” among homeowners. thanks to this, there's an increase in demand for premium pet food with nutritionary edges, higher digestibleness, and improved ingredient quality for pets. Considering this dynamical human tendency, the key players, like Ingredion (US), area unit together with pea starch as AN ingredient in their product.
The major stuff for pea starch is dry peas. If the assembly experiences a decline during a curve, it may result in fluctuations within the worth vary of pea starch. With the fluctuations within the stuff, the makers will switch to different substitutes of pea starch for constant useful edges. Hence, the decrease within the production of pea starch could be a major restraint to the pea starch market.
Covid-19 Impact on Pea Starch Market:
|Market size available for years
|Base year considered
||Value (USD Million)
||Source, Application and Region
||North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
||Yantai Shuangta Food Co., Ltd., AGT Food and Ingredients , Emsland Group , Cosucra Groupe Warcoing SA , Roquette Frères , Ingredion Incorporated , Axiom Foods Inc.
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world. Pea Starch Market Segment Overview
By source type, the organic segment is projected to grow at the fastest CAGR within the pea starch market until 2026.
The demand for organic pea starch is increasing because of the growing health consciousness among consumers. Furthermore, the rise within the willingness of consumers to pay higher prices for organic food products, as they're related to healthy and nutritious aspects, is projected to drive the demand for organic pea starch. Furthermore, the changing consumer perception toward healthy eating, increase in health consciousness among consumers, and growing awareness about the nutritional benefits of organic food products have led to the expansion of the organic pea starch market. Organic pea starch is grown under a natural system of agriculture without using any synthetic fertilizers. Hence, organic pea starches come under non-GMO, clean label food ingredients that are accepted highly among consumers.
Pea starch has several applications in food that has processed foods and beverages, confectionery products, dairy products, and bakery products. It’s largely used for rendering food products with the specified texture, consistency, and stability. Pea starch may be a clean label substitute for modified starch potato and corn. Pea starch has witnessed acceptance in recent years within the food & beverage industry because of the rise in demand for natural or organic ingredients over inorganic ingredients. Pea starch is usually utilized in soups, sauces, snacks, and savouries, because it acts as a superb thickener and texturizer in these products.
Market Analysis, Insights and Forecast – By Source Type
Market Analysis, Insights and Forecast – By Application
· Food & Beverages
· Pet Food
· Feed Pea Starch Market Regional Overview
Region-wise, in terms of regions, The Asia Pacific market is projected to be the most important and fastest-growing market for pea starch and majorly witnesses increased consumption of noodles and vermicelli within the region, because it helps in enhancing the texture of food products. Within the North American and European regions, the consumption of convenience foods, dairy products, bakery products, and meat products has increased, which has driven the demand for pea starch among food manufacturers. In keeping with the United States Department of Agriculture (USDA), the demand for food products has increased among consumers, because of the low prices of convenience food products over the years and less preparation time for food products.
Pea Starch Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Pea Starch Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Pea Starch are highlighted below.
· In 2021, Ingredion acquired KaTech to possess a lot of experience within the upcoming comes, that include advanced texture and stabilization solutions for the food & nutrient tradePea Starch Market, Key Players
· Yantai Shuangta Food Co., Ltd.
· AGT Food and Ingredients
· Emsland Group
· Cosucra Groupe Warcoing SA
· Roquette Frères
· Ingredion Incorporated
· Axiom Foods Inc.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Pea Starch market during the forecast period?
A. Pea Starch market is expected to record a CAGR of ~ 8.5% during the forecast period
Q2. Which segment is projected to hold the largest share in the Pea Starch Market?
A. Organic segment is projected to hold the largest share in the Pea Starch Market
Q3. What are the driving factors for the Pea Starch market?
A. Pea starch is wide employed in the textile business for textile size and cotton yarns is key factors that boost the growth of the Pea Starch market progressively
Q4. Which Segments are covered in the Pea Starch market report?
A. Source, Application and Region, these segments are covered in the Pea Starch market report.
Q5. Which are the prominent players offering Pea Starch ?
A. Yantai Shuangta Food Co., Ltd., AGT Food and Ingredients , Emsland Group , Cosucra Groupe Warcoing SA , Roquette Frères , Ingredion Incorporated , Axiom Foods Inc.