Click, Shop, Savor: Pea Starch Market Set to Soar Past USD 111.1 Billion by 2030
The global Pea Starch market size is expected to reach USD 111.1 billion by 2030 and exhibit a CAGR of 5.8% in the forecast period (2023−2030), according to Skyquest’s latest research report. The growing demand for plant-based and clean-label ingredients in food and beverages, as pea starch is a natural and gluten-free option. The increasing awareness of the health benefits of pea starch, such as its low allergenicity and potential for glycemic control, drives its utilization in various food products is fueling the market’s growth.
Westford, USA, Jan. 24, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Pea Starch market, increasing use of pea starch in the food and beverage industry as a clean-label ingredient to replace modified starches and chemically derived additives. The growth of the plant-based protein market is driving the use of pea starch in meat analogs, dairy alternatives, and other plant-based products are the trends that aid in the market’s growth.
Browse in-depth TOC on “Pea Starch Market”
- Pages – 157
- Tables – 65
- Figures – 75
Pea starch is a type of starch extracted from the seeds of peas. It is a white, odorless powder with a neutral taste. Pea starch is a good source of complex carbohydrates and dietary fiber, and it is also low in fat and calories.
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Prominent Players in Pea Starch Market
- Tate & Lyle
- Archer Daniels Midland (ADM)
- Roquette Frères
- Emsland Group
- Global Bio-Chem Technology Group
- Zhucheng Dongyuan Starch Group
- Shandong Longlive Bio-Technology
- Jilin Beida Starch Group
- Jilin Hailun Starch Group
- Henan Yuhong Starch Group
- Shandong Jianyuan Group
- Shandong Tianyuan Starch Group
- Shandong Shuangcheng Starch Group
- Hebei Shuangluan Starch Group
- Shandong Tianzhu Starch Group
- Shandong Jinhong Starch Group
Food Grade Pea Starch Demand to Grow Substantially in the Forecast Period
Food Grade Pea Starch dominated the global online market due to the growing consumer demand for clean-label, natural, and plant-based ingredients in food and beverages has driven the use of pea starch as a clean and natural thickener, stabilizer, and binding agent. It is considered a suitable replacement for modified starches and chemically derived additives, aligning with the clean-label trend.
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Food and Beverage industry is the Leading Application Segment
In terms of application, the food and beverage industry is the leading segment due to the significant shift towards clean-label products. Consumers are increasingly looking for natural, minimally processed ingredients. As a clean-label ingredient, Pea starch aligns with this trend, driving its adoption in a wide range of food and beverage products.
North America is the leading Market Due to Technological Advancements
Region-wise, North America is one of the largest growing markets due to the well-established food and beverage sector. The region has witnessed a growing demand for plant-based and clean-label ingredients in the food and beverage industry. The popularity of plant-based diets and the presence of key manufacturers and suppliers have contributed to the dominance of North America in the pea starch market.
A recent report thoroughly analyzes the major players operating within the Pea Starch market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Pea Starch.
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Key Developments in Pea Starch Market
- 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.
Key Questions Answered in Pea Starch Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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