Global Pea Starch Market Anticipated to Reach $190.21 Million by 2028


Posted November 15, 2024 by mordor

[Hyderabad, Nov 15, 2024] The global pea starch market is expected to rise from USD 128.50 million in 2023 to USD 190.21 million by 2028, with a CAGR of 8.16% over the forecast period, according to recent projections.

 
Key Drivers of Market Growth:

Rising Demand for Clean-Label and Gluten-Free Products: Consumers are increasingly seeking minimally processed foods with authentic ingredients, driving the demand for clean-label starches. Pea starch, being gluten-free and non-GMO, aligns with these consumer preferences.


Functional Benefits in Food Applications: Pea starch offers excellent thickening and gelling properties, making it a preferred ingredient in various food products, including bakery items, soups, sauces, and snacks. Its high amylose content contributes to firm gel formation, enhancing texture and stability.


Growth in Plant-Based and Vegan Diets: The increasing popularity of plant-based diets has led to a surge in demand for pea-derived ingredients. Pea starch serves as a suitable alternative in vegan formulations, supporting the development of plant-based meat and dairy substitutes.


Regional Insights:

Europe holds a significant share of the pea starch market, driven by a high prevalence of celiac disease and a strong demand for gluten-free products. According to Coeliac UK, 1 in 100 people in the United Kingdom have celiac disease, underscoring the need for gluten-free alternatives.

In North America, the market is experiencing rapid growth due to the rising trend of veganism and increased consumer awareness regarding the health benefits of pea-based ingredients. The United States and Canada are key contributors to this regional expansion.

Competitive Landscape:

The pea starch market is characterized by the presence of several key players, including:

Ingredion Incorporated
Roquette Frères
Yantai Shuangta Food Co. Ltd
Cosucra Groupe Warcoing SA
The Scoular Company

These companies are focusing on product innovation, strategic partnerships, and expansion to strengthen their market positions. For instance, in October 2022, Roquette Frères launched a new line of organic pea ingredients, including pea starch and pea protein, to cater to the growing demand for organic and plant-based products in North America and Europe.

Future Outlook:
The global pea starch market is poised for robust growth, driven by consumer trends favoring health-conscious and plant-based diets. Continuous developments in food and beverage applications, along with increasing utilization in personal care and cosmetics, present lucrative opportunities for market expansion. Manufacturers are expected to invest in research and development to enhance the functional properties of pea starch and explore new application areas.

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Issued By Mordor intelligence
Business Address Hyderabad
Country India
Categories Marketing
Tags pea starch market trends , pea starch market size , pea starch market share
Last Updated November 15, 2024