Product ID: SQMIG30I2271
Global Pea Starch Market Size, Share, Growth Analysis, By Type(Feed, Food), By Function(Binding & Thickening, Gelling) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2271 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
65 |
Figures:
75
Global Pea Starch Market Regional Insights
Asia Pacific emerged as a significant player in the global 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, on the other hand, 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.
Global Pea Starch Market Report Snapshots
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