USD 145.27 million
Report ID:
SQMIG30I2271 |
Region:
Global |
Published Date: February, 2025
Pages:
198
|Tables:
65
|Figures:
75
Pea Starch Market size was valued at USD 145.27 million in 2023 and is poised to grow from USD 158.93 million in 2024 to USD 326.09 million by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).
The Pea starch Market refers to the industry that revolves around the production and utilization of starch derived from peas. Pea starch is a carbohydrate extracted from peas and is widely used in various applications across the food and beverage, pharmaceutical, and industrial sectors. It is known for its functional properties, including thickening, stabilizing, and gelling abilities, making it a valuable ingredient in many products. The purpose of the pea starch market is to meet the growing demand for plant-based and natural ingredients in various industries. Pea starch serves as an alternative to traditional starches derived from corn, wheat, and potatoes. Several factors drive the growth of the pea starch market. The increasing consumer preference for clean labels and plant-based products fuels the demand for pea starch as a natural ingredient. The pea starch market faces several challenges. One significant challenge is the competition from other plant-based starches, such as tapioca starch and potato starch, which are widely available and established in the market. The pea starch market presents several opportunities for growth. The rising demand for gluten-free and allergen-free products opens avenues for the application of pea starch in the food industry. The increasing consumer awareness of sustainable and eco-friendly ingredients creates opportunities for pea starch as a renewable and plant-based alternative. The Pea starch Market caters to the demand for plant-based and natural ingredients across various industries. With driving factors like consumer preferences for clean label products and the nutritional benefits of peas, the market shows promise. However, challenges such as raw material availability and competition from other starches need to be addressed. By seizing opportunities in gluten-free and sustainable product trends, and investing in research and development, market players can capitalize on the growing demand for pea starch and drive its market growth.
Market snapshot - 2025-2032
Global Market Size
USD 145.27 million
Largest Segment
Organic
Fastest Growth
Inorganic
Growth Rate
9.4% CAGR
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Global Pea Starch Market is segmented by Source, Application and region. Based on Source, the market is segmented into Organic and Conventional. Based on Application, the market is segmented into Food and Beverage, Animal Feed and Pet Food, Clinical Nutrition, Cosmetics, Pharmaceuticals and Industrial Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Source
The organic sub-segment is currently dominating the market, primarily due to the increasing consumer preference for natural and chemical-free products. This trend is driven by growing awareness of health and environmental issues associated with synthetic chemicals, leading to a higher demand for organic goods across various industries, including food and beverages, cosmetics, and personal care.
On the other hand, the inorganic sub-segment is experiencing the fastest growth. This rapid expansion is attributed to advancements in technology and the development of new, efficient inorganic compounds that offer superior performance and cost-effectiveness. Industries such as agriculture, pharmaceuticals, and construction are increasingly adopting inorganic products to enhance productivity and meet stringent regulatory standards, thereby propelling the growth of this sub-segment at a faster rate compared to its organic counterpart.
Analysis by Function
The binding and thickening sub-segment are currently dominating the market. This dominance is driven by the widespread application of binding and thickening agents across various industries, including food and beverages, pharmaceuticals, and cosmetics. These agents are essential for improving the texture, consistency, and stability of products, making them highly valuable in the formulation of a wide range of consumer goods.
Meanwhile, the gelling sub-segment is experiencing the fastest growth. This rapid expansion is fueled by the increasing demand for innovative food products with unique textures and sensory experiences, particularly in the confectionery and dairy industries. Additionally, the use of gelling agents in the pharmaceutical sector for controlled-release drug formulations and in the cosmetics industry for novel skincare products is contributing to the accelerated growth of this sub-segment.
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Asia Pacific emerged as a significant player in the Pea starch Market and is poised to witness the fastest growth rate during the forecast period. The region's substantial market share can be attributed to the rising demand for convenience foods, including confectionery, sauces, and soups. The increased utilization of pea starch in processed food manufacturing, coupled with a large consumer base and a growing preference for native starches, are the primary drivers propelling the market's growth in this region.
North America, however, is expected to dominate the market and hold the largest market share by 2025. This can be attributed to its status as a leading manufacturer and exporter of pea starch globally. The region is not only a major producer but also a significant consumer of pea starch, primarily driven by the growing consumption of processed foods. Additionally, the demand for adhesives in various industrial applications further contributes to the market's expansion in North America.
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Increasing Consumer Demand for Clean Label and Natural Ingredients
Growing Demand for Gluten-Free Alternatives
Price Volatility of Raw Materials
Limited Awareness and Availability
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The Pea starch Market is highly competitive, with several key players vying for market share. These companies are actively engaged in strategic initiatives such as mergers and acquisitions, collaborations, product launches, and expansions to strengthen their market position. Additionally, they focus on research and development activities to enhance their product offerings and cater to the evolving consumer demands. companies have extensive distribution networks and a wide range of product portfolios to serve various industries, including food and beverages, pharmaceuticals, cosmetics, and others. They strive to maintain quality standards, ensure a sustainable supply chain, and meet regulatory requirements to gain a competitive edge.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The Pea starch Market is expected to experience significant growth during the forecast period from 2022 to 2030. The market is experiencing significant growth and is expected to continue expanding in the coming years. Pea starch is derived from peas and is widely used in various industries such as food and beverages, pharmaceuticals, and cosmetics. the key factors driving the market is the increasing demand for clean-label and natural ingredients in food products. Pea starch offers functional properties such as thickening, binding, and gelling, making it a popular choice among food manufacturers. the Pea starch Market is witnessing steady growth driven by factors such as the demand for natural and clean-label ingredients, growth in the food and pharmaceutical industries, and the rising trend of sustainable and plant-based products. While challenges exist, the market holds promising opportunities for manufacturers and suppliers in the coming years.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 145.27 million |
Market size value in 2032 | USD 326.09 million |
Growth Rate | 9.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Pea Starch Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pea Starch Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pea Starch Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pea Starch Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Pea Starch Market size was valued at USD 74.89 Billion in 2023 and is poised to grow from USD 79.23 Billion in 2024 to USD 124.39 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
The Pea starch Market is highly competitive, with several key players vying for market share. These companies are actively engaged in strategic initiatives such as mergers and acquisitions, collaborations, product launches, and expansions to strengthen their market position. Additionally, they focus on research and development activities to enhance their product offerings and cater to the evolving consumer demands. companies have extensive distribution networks and a wide range of product portfolios to serve various industries, including food and beverages, pharmaceuticals, cosmetics, and others. They strive to maintain quality standards, ensure a sustainable supply chain, and meet regulatory requirements to gain a competitive edge. 'Roquette Frères (France)', 'Ingredion Incorporated (US)', 'Emsland Group (Germany)', 'Cosucra Groupe Warcoing (Belgium)', 'Meelunie B.V. (Netherlands)', 'PURIS (US)', 'Vestkorn Milling AS (Norway)', 'AGT Food and Ingredients (Canada)', 'Parrheim Foods (Canada)', 'Dakota Dry Bean (US)', 'Yantai Shuangta Food Co., Ltd. (China)', 'Sanstar Bio-Polymers Ltd. (India)', 'Shandong Jianyuan Group (China)', 'COSUN Beet Company (Netherlands)', 'Prairie Fava (Canada)', 'American Key Food Products (US)', 'Tereos Group (France)', 'Inner Mongolia Qiaqia Food Co., Ltd. (China)', 'Yunnan GreenLand Biotech Co., Ltd. (China)', 'Archer Daniels Midland Company (US)'
The rising awareness among consumers regarding the health and wellness benefits of natural and clean label products drove the demand for pea starch as a plant-based ingredient in various food and beverage products.
Innovation in Product Development: Companies in the pea starch market focused on product innovation to cater to the evolving consumer demands. This included developing modified pea starches with improved functionalities, such as enhanced stability, better texture, and increased solubility, to meet the specific requirements of various applications.
Asia Pacific emerged as a significant player in the Pea starch Market and is poised to witness the fastest growth rate during the forecast period. The region's substantial market share can be attributed to the rising demand for convenience foods, including confectionery, sauces, and soups. The increased utilization of pea starch in processed food manufacturing, coupled with a large consumer base and a growing preference for native starches, are the primary drivers propelling the market's growth in this region.
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