Global Pea Starch Market foreseen to cross USD 192 million by 2025
The global Pea Starch Market was worth USD 136 million in 2019, and it is estimated that it will reach USD 192 million by 2025 at a CAGR of 7.0% during the outlook period.
Pea starch is a rich source of amylose and this unique characteristic provides better thickening and gelling properties than other commonly used starches. Pea starch has excellent properties such as heat resistance, shear stability, and natural acidity. Pea starch is mainly used in a variety of foods such as deli, meat, cream, and pasta in sauce. It is extracted from dried peas Pisum sativum and is characterized by the majority of amylose and low gel temperatures, which explains its functional texture and film-forming properties.
- In December 2018, Emsland Group signed an agreement with IMPAG Group for the distribution of natural starch and modified starches such as pea starch.
- In April 2019, Roquette Frères launched a new pea starch 'Beaute by Rouquette ST 720' for the cosmetic market.
Market Drivers and Restraints:
The increasing demand for pea starch due to the increased use of ethanol production is one of the main factors driving the growth of the global pea starch market. Also, the increase in pea production in developed countries due to its excellent thickening and gelling properties, which are beneficial for various end uses, is a factor that is expected to drive the growth of the worldwide pea starch market in the future. The increasing adoption of pea starch in a variety of industrial and food applications is another factor that is expected to support the growth of the pea starch market during the forecast period. Increased consumption of prepared foods, growth of the bakery industry and growth of the textile industry are some of the key factors that are expected to drive the growth of the pea starch market. The high starch production of peas is one of the main growth drivers of the pea starch business. Additionally, a growing health conscious population in the global food and beverage market with nutritious foods and beverages, coupled with a genuine brand commitment to quality, taste and flavor, is contributing to the growth of the global pea starch market. Furthermore, the increasing demand for pea starch as pet food is expected to increase the demand for pea starch in the world market during the forecast period. However, the degenerative process affecting the functional properties of pea starch is an important factor that is expected to slow the growth of the world market during the outlook period.
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Report is segmented as:
The world market for pea starch is segmented by grade, application, and function. By grade, the market is segmented into feed, food and industry. On the basis of the application, the market is segmented into pet food, food and beverage and animal feed. By function, the market is segmented into ruminants, pigs, poultry and others.
The North American market has the highest sales share...
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