Pea Starch Market Is Thriving With Rising Latest Trends 2019 – 2029

The global pea starch market is projected to display a strong upward trajectory with a CAGR of 7.2 % between 2019 and 2029. Pea starch can find application in the food and beverage, and pharmaceutical industries to for applications of binding, texturizing, thickening, and gelling in a number of products.

In the past few years, research on healthy and allergen free foods has resulted in the increased adoption of pea starch, which plays an important role as an additive ingredient in various gluten free food and beverage recipes.

“Manufacturers are seeking to develop products with pea starch to cater to the burgeoning consumer demand for nutritional and sustainable foods. They are also offering convenience and on-the-go foods with a healthy twist to satiate the palates of millennial consumers, which is contributing to the growth of the global pea starch market,” says the FMI analyst.

Key Takeaways from the Pea Starch Market Study

  • Pea Starch is widely used in food processing functions of thickening and binding, texturizing, and gelling among others. While thickening and binding applications account for the largest segment at nearly 35 % of the market share, gelling applications are expected to grow at a substantially faster CAGR of 8.5 %.
  • Food processing applications are the primary sector of use for pea starch accounting for one quarter of the overall market value. On the other hand, increased potential in the bakery products sector has resulted in an impressive CAGR of nearly 10 %.
  • With the increasing emphasis on food nutrition, non-GMO and clean label characteristics are gaining traction. Consequently, conventional pea starch which holds more than 85 % of the market share is facing growing competition from organic pea starch variants, which are growing at close to 8 %.
  • North America and Europe are the dominant regional pea starch markets, cumulatively accounting for more than 54 % of the global market, owing to a mature and active food processing industry. However, lucrative opportunities are now opening up in the APEJ and Latin American Markets which are growing at 9.7 and 8 % CAGR.

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Food grade pea starch is projected to grow substantially in the forecast period owing to increased use for human consumption, and application as a stabilizing agent in food processing. On the other hand, industrial grade pea starch is expected to grow at a faster rate of more than 8 %, with textile, adhesive, and cosmetic applications in packaging. The use of pea starch in production of bio-plastics will also support these trends.

Get Valuable Insights into the Pea Starch Market

Future Market Insights, in its latest report, presents a clear analysis of the global pea starch market, covering historical data and forecast figures for the period between 2019 and 2029. The study provides compelling insights into the developments witnessed in the market. In terms of nature, the market is bifurcated into organic and conventional. On the basis of grade, the market is split between food grade, feed grade, and industrial grade. Based on application, the market can be segmented into soups and sauces, snacks an d savory, bakery products, food processing, pet food, pharmaceuticals, and cosmetics. In terms of function, thickening and binding, texturizing, gelling, and others cover the key segments. Regionally, the global market can be segmented into North America, Latin America, Europe, APEJ, Japan, and the Middle East and Africa.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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