According to the report by Expert Market Research (EMR), the global pea starch market size is projected to grow at a CAGR of 8.4% between 2024 and 2032. Aided by the rising demand for plant-based ingredients and its versatile applications, the market is expected to grow significantly by 2032.
Pea starch, extracted from the yellow and green peas, is gaining prominence in various industries owing to its gluten-free, non-GMO, and hypoallergenic properties. It’s primarily used in food products such as noodles, snacks, and bakery items, and also finds applications in pharmaceuticals, animal feed, and textiles.
The primary driver of the global pea starch market demand is the growing consumer inclination towards plant-based and gluten-free products. As people become more health-conscious, the demand for natural and clean-label ingredients, like pea starch, is rising, thus propelling market growth.
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Furthermore, technological advancements in extraction and processing methods have enhanced the quality and applications of pea starch. These improvements have made pea starch a preferred ingredient in the food and beverage industry, particularly for thickening, binding, and stabilising purposes.
The market is geographically segmented into key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe is accounting for a significant portion of the pea starch market share, due to the well-established food processing industry and the high awareness of healthy diets among consumers. North America follows, with increasing adoption of pea starch in various food applications. The Asia Pacific region is also observing substantial growth, driven by the expanding food processing sector and rising health consciousness.
The rising vegan trend and the growing demand for plant-based ingredients present significant opportunities for the market. Additionally, the expanding applications of pea starch in the pharmaceutical and textile industries offer new avenues for market growth.
Looking ahead, the pea starch market demand is set to witness robust growth, driven by the increasing demand for plant-based and gluten-free products. Innovations in food processing and the development of new applications are expected to further bolster the market. The emphasis on sustainability and natural ingredients is likely to continue shaping the market dynamics, making pea starch an increasingly important component in various industries.
Pea Starch Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Organic/Non-GMO
- Conventional
Market Breakup by Application
- Food and Beverages
- Feed
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Pea Starch Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pea starch market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ingredion Incorporated
- Roquette Frères
- Yantai Shuangta Food co., LTD
- PURIS
- Emsland Group
- Axiom Foods, Inc.
- Others
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