Global Pea Starch Market

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 News

  • In June 2023 Agrocorp did a joint venture with Megmilk Snow Brand to support the growth of sustainable food and beverage production in Asia. The joint venture aligns with Megmilk Snow Brand’s Medium-Term Management Plan 2025, which specifically identified entering the plant-based food business as an important new growth area.
  • In July 2022, Roquette Frères announced the launch of a new range of pea starch products, aimed at providing clean label and functional solutions for various food applications. The new products offer improved texture and stability in food formulations.
  • In March 2022, Ingredion Incorporated announced the expansion of its pea protein processing capabilities in South Sioux City, Nebraska, to meet the increasing demand for pea-based ingredients, including pea starch.
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Global Pea Starch Market size was valued at USD 70.78 Billion in 2022 and is poised to grow from USD 74.89 Billion in 2023 to USD 117.57 Billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).

The global 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 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.

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