GLOBAL PEA STARCH MARKET FORECAST 2019-2028

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GLOBAL PEA STARCH MARKET FORECAST 2019-2028

Inkwood Research estimates that the global pea starch market will reach $327.16 million by 2028, growing at a CAGR of 8.16% during the forecast period. Pea starch is a cellulose product that includes natural starch and protein. The product contains amylose, which stimulates its gel-making properties. Furthermore, in the hunt for innovative food protein resources, minor profitable facilities are interested in manufacturing protein concentrates from pea using wet milling techniques.

GLOBAL PEA STARCH MARKET FORECAST 2019-2028

Global Pea Starch Market by Type (Organic/Non-GMO, Conventional) by Application (Food and Beverages, Feed, Others) and by Geography.

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Inkwood Research estimates that the global pea starch market will reach $327.16 million by 2028, growing at a CAGR of 8.16% during the forecast period.

Pea starch is a cellulose product that includes natural starch and protein. The product contains amylose, which stimulates its gel-making properties. Furthermore, in the hunt for innovative food protein resources, minor profitable facilities are interested in manufacturing protein concentrates from pea using wet milling techniques.
global pea starch market

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Key factors driving market growth:

  • Rise in consumer preference for clean label food products
  • High demand for pea starch in industrial applications
  • Increasing adoption of convenience food
  • Rising demand for modified starch from emerging countries
    • Countries like China and India are utilizing natural starches, owing to fast industrial growth in these countries. Moreover, changes in consumer taste, due to increasing functional needs, are expected to propel pea starch production and consumption.

Key market growth restraining factors:

  • Retrogradation effect on starch-rich foods
    • Starch retrogradation can cause undesirable effects, such as reduced shelf life, on starchy foods, which can impose significant challenges to food processors.
    • The retrogradation of starch-rich foods has adverse effects on food items, and hence its crispiness is lost.

The report scope of the global pea starch market covers the segmentation analysis of type and application.

Market by Type:

  • Organic/Non-GMO
  • Conventional
    • Conventional is the dominant segment in the market by type. Peas grown from conventional pea farming sources are used to manufacture conventional pea starch.
    • It is a rich source of amylose and has enhanced thickening and gelling properties as compared to other commonly used starches.
    • In addition, it provides high gelatinization temperature, low solubility, quick gel building, and superior film-building properties.
    • Conventional pea starch is relatively economical to organic pea starch, and hence witnesses increased adoption.

Geographically, the global pea starch market has been segmented on the basis of four major regions, which includes:

  • North America: the United States and Canada
    • North America dominated the global market in 2019.
    • As per the Foundation for Celiac Awareness, around 1% of the U.S. population has celiac disease. However, 83% of people with the condition are undiagnosed.
    • Rising occurrences of patients and awareness among the consumers with regard to a healthy diet are anticipated to fuel the pea starch market.
  • Europe: the United Kingdom, Germany, France, Italy, Belgium, Russia, Poland, and Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia Pacific
  • Rest of World: Latin America, the Middle East & Africa.

The major players in the global pea starch market are:

  • Agridient Inc
  • American Key Products Inc
  • PURIS
  • Others

Key strategies adopted by some of these companies:

In April 2020, The Emsland Group announced its strategic partnership with Brenntag Food & Nutrition in Russia. The distribution of Emsland’s product portfolio will be handed over to Brenntag, for the food industry and technical specialties. These include modified starches, native starches, proteins, and fibers made from peas and potatoes.

Key trends of the global pea starch market:

  • The growing demand for gluten-free food is fueling market growth.
  • The Asia Pacific pea starch market is anticipated to grow with the highest CAGR during the forecast period.
  • Innovations in pea starches are fueling market demands.

 

Frequently Asked Questions & Answers (FAQ):

  • Which type of pea starch is prominent in the overall market?

      A: Organic/Non-GMO is the prominent type in the global pea starch market.

  • Which country offers lucrative growth opportunities for the pea starch market?

      A: India offers lucrative growth opportunities for the pea starch market.

  • Which is the fastest-growing application in the pea starch market?

      A: Food and beverages are the fastest-growing application in the pea-starch market.

 

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • RISE IN CONSUMER PREFERENCE FOR CLEAN LABEL FOOD PRODUCTS
      • HIGH DEMAND FOR PEA STARCH IN INDUSTRIAL APPLICATIONS
      • INCREASING ADOPTION OF CONVENIENCE FOOD
      • RISING DEMAND FOR MODIFIED STARCH FROM EMERGING COUNTRIES
    •    KEY RESTRAINTS
      • RETROGRADATION EFFECT ON STARCH-RICH FOODS
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • IMPACT OF COVID – PEA STARCH
  2. MARKET BY TYPE
    • ORGANIC/NON-GMO
    • CONVENTIONAL
  3. MARKET BY APPLICATION
    • FOOD AND BEVERAGES
    • FEED
    • OTHERS
  4. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • AGRIDIENT INC
    • AMERICAN KEY PRODUCTS INC
    • COSUCRA – GROUPE WARCOING SA
    • EMSLAND GROUP
    • MEELUNIE BV
    • PURIS
    • ROQUETTE FRÈRES
    • SHANGHAI BICHAIN INDUSTRIAL CHEMICAL CO LTD
    • THE SCOULAR COMPANY
    • VESTKORN MILLING AS
    • INGREDION INCORPORATED
    • AXIOM FOODS INC
    • PARRHEIM FOODS
    • DAKOTA DRY BEAN
    • SINOFI INGREDIENTS

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – PEA STARCH

TABLE 2: GLOBAL PEA STARCH MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL PEA STARCH MARKET, BY TYPE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: GLOBAL ORGANIC/NON-GMO MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: GLOBAL ORGANIC/NON-GMO MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: GLOBAL CONVENTIONAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL CONVENTIONAL MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 8: GLOBAL PEA STARCH MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: GLOBAL PEA STARCH MARKET, BY APPLICATION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 10: GLOBAL FOOD AND BEVERAGES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL FOOD AND BEVERAGES MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 12: GLOBAL FEED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: GLOBAL FEED MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 14: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 16: GLOBAL PEA STARCH MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: GLOBAL PEA STARCH MARKET, BY GEOGRAPHY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 18: NORTH AMERICA PEA STARCH MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: NORTH AMERICA PEA STARCH MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 20: EUROPE PEA STARCH MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 21: EUROPE PEA STARCH MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 22: ASIA PACIFIC PEA STARCH MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: ASIA PACIFIC PEA STARCH MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 24: REST OF WORLD PEA STARCH MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 25: REST OF WORLD PEA STARCH MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL PEA STARCH MARKET, GROWTH POTENTIAL, BY TYPE, IN 2019

FIGURE 6: GLOBAL PEA STARCH MARKET, BY ORGANIC/NON-GMO, 2019-2028 (IN $ MILLION)

FIGURE 7: GLOBAL PEA STARCH MARKET, BY CONVENTIONAL, 2019-2028 (IN $ MILLION)

FIGURE 8: GLOBAL PEA STARCH MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

FIGURE 9: GLOBAL PEA STARCH MARKET, BY FOOD AND BEVERAGES, 2019-2028 (IN $ MILLION)

FIGURE 10: GLOBAL PEA STARCH MARKET, BY FEED, 2019-2028 (IN $ MILLION)

FIGURE 11: GLOBAL PEA STARCH MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)

FIGURE 12: NORTH AMERICA PEA STARCH MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 13: UNITED STATES PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 14: CANADA PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 15: EUROPE PEA STARCH MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 16: UNITED KINGDOM PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 17: GERMANY PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 18: FRANCE PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 19: ITALY PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 20: RUSSIA PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 21: BELGIUM PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 22: POLAND PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: REST OF EUROPE PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 24: ASIA PACIFIC PEA STARCH MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 25: CHINA PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 26: JAPAN PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 27: INDIA PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 28: SOUTH KOREA PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 29: INDONESIA PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 30: THAILAND PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 31: VIETNAM PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 32: AUSTRALIA & NEW ZEALAND PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 33: REST OF ASIA PACIFIC PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 34: REST OF WORLD PEA STARCH MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 35: LATIN AMERICA PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

FIGURE 36: MIDDLE EAST & AFRICA PEA STARCH MARKET, 2019-2028 (IN $ MILLION)

  1. MARKET BY TYPE
    • ORGANIC/NON-GMO
    • CONVENTIONAL
  2. MARKET BY APPLICATION
    • FOOD AND BEVERAGES
    • FEED
    • OTHERS
  3. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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