[195 Pages Report] The Pea Starch Market size was estimated at USD 295.38 million in 2023 and expected to reach USD 317.00 million in 2024, at a CAGR 7.69% to reach USD 496.46 million by 2030.
Pea starch is extensively used in various applications such as gelling, texturizing, and thickening & binding, as it offers key performance and functionality benefits. Pea starch possesses substantial gelling properties, which aids in forming a gel in water at a much lower dosage than other starches, making it an ideal gelling native starch. Consumers are always seeking food with great texture and taste, made with clean labels & recognizable ingredients, and pea starch provides all these preferred attributes without compromising the color and taste of the food. However, the presence of various alternative starches and decreasing production of dry peas are expected to impede the utilization of pea starch. In addition, an increase in demand for pea starch from the pet food industry and continuous developments in the food & beverages industries offer robust growth opportunities for adopting pea starch.
Regional Insights
In North America, the large-scale production of dry peas, the well-established food & beverage industry, rising demand for convenience and processed foods, and increased demand for gluten-free food products increase the adoption of pea starch. European countries such as the United Kingdom, Germany, Italy, Russia, and France are growing in utilizing pea starch among consumers due to growth in gluten-free products followed by the ongoing trend of veganism. In Asia-Pacific countries such as China, India, and Japan, the growing number of youngsters regularly indulging in sports and athletic activities has increased the consumption of dietary supplements containing starch as an ingredient. Developing countries such as China and India are utilizing native pea starches due to rapid industrial growth in these countries.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Pea Starch Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Pea Starch Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Pea Starch Market, highlighting leading vendors and their innovative profiles. These include 21food.com, A&B Ingredients, Inc., Agridient B.V., Agridient Inc., AGT Food and Ingredients Inc., American Key Food Products LLC, Aminola B.V., Axiom Foods, Inc., Barentz International B.V., Barentz International BV, Bioway (Xi’An) Organic Ingredients Co.,Ltd., Birkamidon Rohstoffhandels GmbH, Codrico Rotterdam B.V., Cosucra, Dakota Ingredients, Devson Impex Private Limited, Dutch Ingredient Company B.V., Ebro Foods, S.A., Flottweg SE, Foodchem International Corporation, Foodcom S.A., Gillco Ingredients, Hangzhou Pekhill Foods Co., Ltd., Healy Group, Ingredion Incorporated, Jiujiang Tiantai Food Co., Ltd., Laybio, Leroma GmbH, Makendi WorldWide, Meelunie B.V., Nutraonly (Xi’an) Nutritions Inc., NutriPea LP, P&H Milling, Inc., Prinova Group LLC, PURIS, Qingdao Opal Industrial Co., Ltd., Roquette America Inc., Roquette Fr?res S.A., Royal Ingredients Group B.V., Sanstar Bio - Polymers Ltd., Savour of Asia, Shandong Jianyuan Group, Stauber Performance Ingredients, Inc., STDM Food and Beverages Private Limited, The BakeRite Company, The Scoular Company, Vestkorn by Koninklijke DSM N.V., Voleba, and Yantai Shuangta Food Co., Ltd..
Market Segmentation & Coverage
This research report categorizes the Pea Starch Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Source
- Inorganic
- Organic
- Grade
- Feed
- Food
- Industrial
- Application
- Gelling
- Texturizing
- Thickening & Binding
- End User
- Food Processing Industry
- Pet Food Industry
- Pharmaceutical Industry
- Skin Care Industry
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Pea Starch Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Pea Starch Market?
- What are the technology trends and regulatory frameworks in the Pea Starch Market?
- What is the market share of the leading vendors in the Pea Starch Market?
- Which modes and strategic moves are suitable for entering the Pea Starch Market?