Global Concentrated Pea Starch Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the global Concentrated Pea Starch Market is expected to record a CAGR of 5.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 1,662.1 Million. By 2033, the valuation is anticipated to reach USD 2,600.6 Million.

The concentrated pea starch market encompasses the production, distribution, and utilization of pea-derived starch products with heightened purity and concentration. Extracted from peas, these starches undergo processing to remove impurities, resulting in a refined product with enhanced functional properties.

Widely utilized as a thickening, stabilizing, and gelling agent in various industries including food and beverage, pet food, pharmaceuticals, and industrial applications, concentrated pea starch offers a clean-label, gluten-free, and sustainable alternative to synthetic additives.

Market growth is driven by increasing consumer demand for natural, plant-based ingredients, along with technological advancements in extraction and processing methods.

Concentrated Pea Starch Market – Significant Growth Factors

The Concentrated Pea Starch Market presents significant growth opportunities due to several factors:

• Rising Demand for Clean-Label Ingredients: Growing consumer awareness and preference for clean-label and natural ingredients in food and beverage products are driving the demand for concentrated pea starch. Its natural origin, gluten-free nature, and non-GMO properties make it an attractive choice for manufacturers looking to meet consumer demand for healthier options.

• Expansion of Plant-Based Food Industry: The increasing adoption of plant-based diets and lifestyles is fueling the growth of the concentrated pea starch market. As a plant-based ingredient, pea starch aligns with the trend towards vegetarian and vegan products, driving its use in various plant-based food formulations such as dairy alternatives, meat substitutes, and plant-based snacks.

• Technological Advancements: Ongoing advancements in extraction and processing technologies are enhancing the quality and functionality of concentrated pea starch. Improved processing methods result in higher purity levels and better functional properties, expanding its application scope across diverse industries and driving market growth.

• Sustainable and Eco-Friendly Solutions: The focus on sustainability and environmental conservation is driving the adoption of concentrated pea starch. Peas are nitrogen-fixing crops that require fewer resources and have a lower environmental footprint compared to other crops, making pea starch a sustainable choice for manufacturers seeking eco-friendly ingredients.

• Expansion into New Applications: There is an opportunity for concentrated pea starch to penetrate new application areas beyond its traditional uses. Industries such as pharmaceuticals, cosmetics, and personal care products offer potential avenues for growth, where the functional properties of pea starch can be utilized in formulations for various products.

Concentrated Pea Starch Market – Mergers and Acquisitions

The Concentrated Pea Starch Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Concentrated Pea Starch Market include:

• In 2023, Cosucra secured a 45 million Euros investment from Wallonie Entreprendre, Sofiprotéol, and SFPIM. This funding will facilitate the realization of the company’s energy transition strategy and enable a substantial boost in production capacity, enhancing its position in the market.

• In 2022, Roquette Frères, a plant-based ingredients company, has introduced a new line of organic pea ingredients including pea starch and organic pea protein. These products are now available in North America, Mexico, and Europe, catering to the growing demand for organic and sustainable food options.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Concentrated Pea Starch Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Concentrated Pea Starch Market – Significant Threats

The Concentrated Pea Starch Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Competition from Alternative Starch Sources: The concentrated pea starch market faces competition from alternative starch sources such as corn, wheat, and potato starch. These alternatives may offer similar functional properties and can sometimes be produced at lower costs, posing a threat to the market share of pea starch, especially in price-sensitive segments.

• Volatility in Raw Material Supply: Fluctuations in the supply of raw materials, specifically peas, due to factors like adverse weather conditions, pest infestations, or changes in agricultural policies, can disrupt production and lead to supply shortages. Such volatility poses a threat to the stability and reliability of the concentrated pea starch market.

• Regulatory Challenges: Regulatory changes or stricter standards related to food safety, labeling requirements, or environmental regulations may pose challenges for concentrated pea starch manufacturers. Compliance with evolving regulations can require significant investments in research, development, and manufacturing processes, impacting production costs and market competitiveness.

• Substitute Ingredients and Alternatives: The availability of substitute ingredients or alternative additives in the market presents a threat to concentrated pea starch. Synthetic thickeners, stabilizers, and emulsifiers may offer similar functionalities or cost advantages, diverting demand away from pea starch-based products and affecting market growth.

• Market Saturation and Price Pressure: As the market for concentrated pea starch continues to grow, there is a risk of saturation, especially in mature markets. Increased competition among suppliers and manufacturers may lead to price pressure and margin erosion, impacting profitability and hindering investment in research and development initiatives necessary for market innovation and differentiation.

Category-Wise Insights:

By Product Type

• Yellow Peas: Yellow peas, a variety of Pisum sativum, are commonly used in the production of concentrated pea starch. In the concentrated pea starch market, yellow pea starch is witnessing increasing demand due to its neutral flavor, excellent gelling properties, and versatility in various applications. With the rising popularity of plant-based diets and clean-label ingredients, yellow pea starch is expected to continue experiencing steady growth and adoption.

• Green Peas: Green peas, another variant of Pisum sativum, are also utilized in the production of concentrated pea starch. Green pea starch offers similar functional properties to yellow pea starch, including thickening and stabilizing abilities. However, green pea starch may appeal to consumers seeking a more vibrant color profile in their food products. The market for green pea starch is expected to grow alongside the overall concentrated pea starch market.

By Nature

• Organic Concentrated Pea Starch: Produced from organically grown peas without the use of synthetic pesticides or fertilizers. In the concentrated pea starch market, the demand for organic variants is rising due to increasing consumer preference for natural and sustainable ingredients. Manufacturers are responding by expanding organic production lines and obtaining organic certifications to cater to this growing segment of environmentally conscious consumers.

• Conventional Concentrated Pea Starch: Derived from conventionally grown peas using standard agricultural practices. Despite the growing interest in organic products, conventional concentrated pea starch remains prevalent in the market due to its cost-effectiveness and wide availability. However, manufacturers are increasingly focusing on improving sustainability practices and adopting cleaner production methods to meet evolving consumer demands for more sustainable options even within conventional segments.

By End Use

• Soups & Sauces: Concentrated pea starch is utilized as a thickening and stabilizing agent in soups and sauces, providing viscosity and texture. Trends include the rising demand for clean-label ingredients and gluten-free options in packaged soups and sauces, driving the adoption of pea starch as a natural alternative to synthetic additives.

• Confectionery: In confectionery products, concentrated pea starch acts as a binding and texturizing agent, contributing to the desired texture and mouthfeel. Increasing consumer demand for healthier and plant-based confectionery options has led to the incorporation of pea starch into various products, reflecting the trend towards clean-label ingredients in the confectionery industry.

• Bakery: Concentrated pea starch serves as a gluten-free alternative in bakery products, providing structure, moisture retention, and improved crumb texture. The growing prevalence of gluten intolerance and the rising demand for gluten-free baked goods are driving the use of pea starch in bakery formulations, catering to health-conscious consumers seeking allergen-free options.

• Breakfast Cereals: Pea starch is used in breakfast cereals to enhance texture, improve shelf-life, and provide crispness. With the increasing demand for natural and sustainable ingredients in breakfast cereals, pea starch offers a clean-label solution, aligning with consumer preferences for healthier and environmentally friendly options in the breakfast foods segment.

• Ice-Cream & Desserts: Concentrated pea starch functions as a stabilizer and texture modifier in ice cream and desserts, preventing ice crystal formation and improving mouthfeel. The trend towards clean-label and plant-based formulations in frozen desserts has spurred the use of pea starch as a natural alternative to traditional stabilizers, meeting consumer demand for healthier and more sustainable options.

• Pasta & Noodles: Pea starch is used in pasta and noodle production to enhance texture, increase elasticity, and improve cooking properties. With the rising popularity of gluten-free and plant-based diets, pea starch serves as a suitable ingredient for the formulation of gluten-free pasta and noodles, catering to the growing demand for alternative grain products in the pasta and noodle segment.

• Snacks & Savory: In snacks and savory products, concentrated pea starch serves as a binding, thickening, and texture-enhancing agent. The increasing consumer preference for clean-label and plant-based snacks has led to the incorporation of pea starch into savory snacks, reflecting the trend towards healthier and natural ingredients in the snacks category.

• Processed Meat Products: Pea starch is utilized in processed meat products as a binder, filler, and texturizer, enhancing moisture retention and improving product yield. The growing demand for clean-label and healthier meat alternatives has driven the use of pea starch in processed meat formulations, addressing consumer concerns about additives and preservatives in meat products.

• Animal Feed: Concentrated pea starch is used in animal feed formulations as a source of energy and digestible carbohydrates for livestock and poultry. With the increasing focus on sustainable and natural feed ingredients, pea starch offers a viable alternative to traditional cereal grains, supporting animal nutrition while meeting consumer demand for environmentally friendly feed options.

• Pet Food: In pet food formulations, pea starch acts as a binder, filler, and source of carbohydrates, providing texture and palatability to pet food products. The rising demand for natural and clean-label ingredients in pet food has led to the use of pea starch as a plant-based alternative to grains and synthetic additives, aligning with the trend towards premium and nutritious pet food options.

• Pharmaceuticals: Concentrated pea starch serves as an excipient in pharmaceutical formulations, providing binding, disintegration, and tabletting properties. Trends include the increasing demand for plant-based and allergen-free excipients in pharmaceutical products, driving the adoption of pea starch as a natural and sustainable ingredient in tablet and capsule formulations.

• Others: Pea starch finds applications in various other industries including cosmetics, personal care products, adhesives, and textile processing, where it functions as a thickening, stabilizing, and film-forming agent. The versatility and functional properties of pea starch make it suitable for diverse applications beyond food and pharmaceuticals, contributing to its growing demand in other industrial sectors.

Report Scope

Concentrated Pea Starch Market – Regional Analysis

The Concentrated Pea Starch Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: In North America, the concentrated pea starch market is influenced by a strong emphasis on clean-label ingredients. Consumers increasingly prioritize natural and minimally processed products, prompting the adoption of concentrated pea starch as a clean-label alternative in food, beverage, and pharmaceutical formulations. Additionally, the region’s growing plant-based diet movement fuels demand for pea starch in meat substitutes, dairy alternatives, and plant-based snacks.

• Europe: In Europe, sustainability is a key driver shaping the concentrated pea starch market. European consumers exhibit a preference for sustainably sourced ingredients, leading to the adoption of pea starch from manufacturers adhering to strict environmental standards. Moreover, the expanding gluten-free market in Europe, driven by rising instances of gluten intolerance and celiac disease, creates opportunities for concentrated pea starch as a gluten-free alternative in various food products.

• Asia-Pacific: The Asia-Pacific region experiences a growing population of vegans and vegetarians, particularly in countries like India and China. This trend drives demand for plant-based ingredients, including concentrated pea starch, in vegan and vegetarian food products such as dairy alternatives, snacks, and processed foods. Additionally, the region witnesses a surge in demand for functional foods and beverages, with concentrated pea starch incorporated into formulations for its nutritional properties.

• Latin America: In Latin America, the Middle East, and Africa (LAMEA), traditional food preservation techniques continue to influence dietary habits. Concentrated pea starch may find applications in traditional food products as a thickener, stabilizer, or texturizer while preserving the authenticity of regional cuisines. Furthermore, rapid urbanization and westernization in LAMEA countries drive demand for convenience foods and processed products, presenting opportunities for pea starch as a functional ingredient in ready-to-eat meals and snacks tailored to local tastes.

Competitive Landscape – Concentrated Pea Starch Market

The Concentrated Pea Starch Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

• Roquette Frères
• Ingredion Incorporated
• Cargill Incorporated
• Emsland Group
• AGT Food and Ingredients Inc.
• Vestkorn Milling AS
• Cosucra Groupe Warcoing SA
• Parrheim Foods
• The Scoular Company
• Meelunie B.V.
• Dakota Dry Bean Inc.
• Sotexpro
• Axiom Foods Inc.
• Sanstar Bio-Polymers Ltd.
• Nutri-Pea Limited
• Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New players entering the concentrated pea starch market are adopting innovation and development strategies to establish their presence. These players often focus on technological advancements in extraction and processing methods, as well as product innovation to differentiate themselves.

Key players dominating the market, such as Roquette Frères, Ingredion Incorporated, and Cargill, maintain their leading positions through extensive research capabilities, established distribution networks, and brand reputation. They leverage economies of scale to offer competitive pricing, ensure product quality, and provide comprehensive solutions tailored to customer needs, consolidating their dominance in the market.

The Concentrated Pea Starch Market is segmented as follows:

By Product Type

• Yellow Peas
• Green Peas

By Nature

• Organic
• Conventional

By End Use

• Sups & Sauces
• Confectionery
• Bakery
• Breakfast Cereals
• Ice-Cream & Desserts
• Pasta & Noodles
• Snacks & Savory
• Processed Meat Products
• Animal Feed
• Pet Food
• Pharmaceuticals
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America