Global Pea Starch Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the global Pea Starch Market is expected to record a CAGR of 7.4% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 196.1 Million. By 2033, the valuation is anticipated to reach USD 372.7 Million.

The Pea Starch Market refers to the global industry involved in the production, distribution, and utilization of starch derived from peas. Pea starch, extracted from peas through various processing methods, serves as a versatile ingredient in food, pharmaceutical, textile, and industrial applications.

With its gluten-free, non-GMO, and allergen-friendly properties, pea starch is increasingly favored as a clean-label alternative to synthetic thickeners and stabilizers. The market is driven by factors such as the rising demand for plant-based ingredients, growing health consciousness among consumers, and advancements in processing technologies, contributing to its steady growth and widespread adoption across various industries.

Pea Starch Market – Significant Growth Factors

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

• Increasing Demand for Clean-label Ingredients: The rising consumer preference for clean-label and natural ingredients in food products is driving the demand for pea starch as a clean-label alternative to synthetic thickeners and stabilizers, thereby fueling market growth.

• Growing Health Consciousness: With a heightened awareness of health and wellness, consumers are seeking healthier food options. Pea starch, being gluten-free, non-GMO, and allergen-friendly, is gaining popularity as a functional ingredient in health-focused food products, contributing to market expansion.

• Expansion of Food Applications: Pea starch offers functional properties such as thickening, binding, and gelling, making it suitable for various applications in the food industry, including bakery, confectionery, dairy, and meat products. The versatility of pea starch drives its adoption by food manufacturers, supporting market growth.

• Rising Demand for Plant-based Alternatives: As the demand for plant-based and vegetarian food products continues to rise, pea starch emerges as a viable ingredient for formulating plant-based alternatives to meat, dairy, and other animal-derived products, stimulating market growth.

• Expansion into Non-food Applications: Pea starch holds potential beyond the food industry, with opportunities in pharmaceuticals, personal care products, and industrial applications. Leveraging its eco-friendly and sustainable properties, pea starch can find new applications in these sectors, opening up avenues for market diversification and growth.

Pea Starch Market – Mergers and Acquisitions

The 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 Pea Starch Market include:

• In 2022, Roquette Freres, a plant-based ingredients company, introduced a new range of organic pea ingredients, including pea starch and organic pea protein. These products are now accessible in North America, Mexico, and Europe, catering to the growing demand for clean-label and sustainable plant-based ingredients in these regions.

• In 2021, Ingredion acquired KaTech, aiming to enhance its expertise in developing cutting-edge texture and stability solutions for the food and beverage industry. This strategic move bolsters Ingredion’s position as a leader in innovative ingredient solutions.

• In 2021, Ingredion expanded its plant-based portfolio with VitessensePulse 1853 pea protein isolate and Purity P 1002 pea starch, sourced sustainably from North American farms. Purity P 1002 pea starch offers versatility and clean-label appeal, ideal for various applications like plant-based cheese, gelatin-free confectionery, and gluten-free baked goods.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the 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

Pea Starch Market – Significant Threats

The 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 Pea Starch Market faces competition from alternative starch sources such as corn, potato, tapioca, and wheat. These alternative sources may offer similar functional properties at competitive prices, posing a threat to the market share of pea starch.

• Fluctuations in Raw Material Supply: Pea starch production relies on a steady supply of raw peas. Fluctuations in pea harvests due to weather conditions, pests, or diseases can disrupt the supply chain, leading to shortages and price volatility, thereby posing a threat to the stability of the market.

• Price Volatility: The Pea Starch Market is susceptible to price volatility influenced by factors such as fluctuations in raw material prices, currency exchange rates, and global market dynamics. Sudden price fluctuations can impact profit margins for manufacturers and disrupt supply agreements, posing a threat to market stability.

• Regulatory Compliance: Compliance with stringent food safety regulations, quality standards, and labeling requirements is essential in the food industry. Any failure to meet regulatory compliance can result in product recalls, fines, legal actions, and damage to brand reputation, posing a significant threat to companies operating in the Pea Starch Market.

• Substitution by Synthetic Alternatives: Pea starch faces the threat of substitution by synthetic alternatives such as modified starches and hydrocolloids. Synthetic alternatives may offer enhanced functional properties or lower production costs, making them attractive options for food manufacturers and industrial users, thereby posing a threat to the market demand for pea starch.

Category-Wise Insights:

By Application

• Food & Beverages: Pea starch finds extensive application in the food and beverage industry as a functional ingredient. It serves as a thickening, stabilizing, and gelling agent in various products such as bakery items, dairy products, soups, sauces, and beverages. Trends in this segment include the growing demand for clean-label and plant-based ingredients, gluten-free formulations, and the development of innovative pea starch-based products to cater to evolving consumer preferences.

• Industrial: In the industrial segment, pea starch is utilized for various non-food applications such as pharmaceuticals, textiles, paper & packaging, and adhesives. Its functional properties make it suitable for use as a binding agent, film-forming agent, and adhesive in industrial processes. Trends in this segment include the increasing adoption of eco-friendly and sustainable materials, the development of biodegradable packaging solutions, and the exploration of new applications for pea starch in industrial sectors.

By Functionality:

• Thickening Agent: Pea starch serves as a versatile thickening agent in food applications, imparting viscosity and texture to various products such as soups, sauces, and gravies. Recent trends indicate a growing demand for clean-label thickening agents, driving the adoption of pea starch as a natural alternative to synthetic thickeners, in line with consumer preferences for clean-label and natural ingredients in food products.

• Gelling Agent: In the Pea Starch Market, pea starch acts as a gelling agent, forming stable gels when combined with water or other liquids. This functionality makes it suitable for use in a wide range of food products such as jellies, desserts, and gummy candies. Emerging trends include the development of pea starch-based gels with improved texture, clarity, and stability to meet consumer demands for premium-quality gelled products.

• Binding Agent: Pea starch serves as an effective binding agent in food formulations, binding ingredients together to improve texture, structure, and mouthfeel in various products such as meat analogs, bakery goods, and snacks. Current trends in the Pea Starch Market include the development of pea starch-based binders with enhanced binding strength, flexibility, and water-holding capacity to meet the diverse needs of food manufacturers and consumers.

• Stabilizing Agent: As a stabilizing agent, pea starch helps maintain the stability and consistency of food products by preventing phase separation, syneresis, and other undesirable changes during processing, storage, and shelf life. Recent trends in the Pea Starch Market focus on the utilization of pea starch as a natural stabilizer in dairy products, beverages, and frozen desserts, replacing synthetic stabilizers to meet clean-label and natural food trends.

• Others: Apart from its primary functionalities, pea starch finds applications in various other roles in the food industry, including emulsification, film-forming, and texture modification. Emerging trends in this segment include the development of pea starch-based emulsifiers and coatings to improve the sensory attributes, shelf life, and quality of food products, catering to the evolving needs of food manufacturers and consumers for clean-label and functional ingredients.

By Form

• Powder: Pea starch in powder form is a versatile ingredient used in various food and industrial applications. In the Pea Starch Market, the powder form is preferred for its ease of handling, storage, and incorporation into dry food products like baked goods, snacks, and soups. Trends include the development of pea starch powders with improved solubility, stability, and texture modification properties to meet the evolving demands of food manufacturers.

• Liquid: Liquid pea starch is a concentrated solution obtained from pea starch processing. In the Pea Starch Market, liquid pea starch finds applications in industries such as textiles, adhesives, and paper manufacturing, where a viscous and adhesive solution is required. Trends include the development of liquid pea starch formulations with optimized viscosity, shear stability, and rheological properties to meet the diverse needs of industrial users and enhance process efficiency.

By Grade

• Organic: Organic pea starch is produced from peas cultivated using organic farming practices without synthetic pesticides or fertilizers. Increasing consumer awareness and demand for organic products drive the growth of the organic pea starch market. Trends include the adoption of organic certification by manufacturers, the expansion of organic farming areas, and the development of organic product formulations catering to health-conscious consumers seeking clean-label ingredients.

• Conventional: Conventional pea starch is derived from conventionally grown peas using standard agricultural practices. Despite the growing popularity of organic alternatives, conventional pea starch remains widely used due to its cost-effectiveness and availability. Trends in the conventional pea starch market include innovations in processing technologies, optimization of supply chains, and the exploration of new applications in various industries, sustaining its market relevance amidst evolving consumer preferences.

Report Scope

Pea Starch Market – Regional Analysis

The 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, a significant trend in the Pea Starch Market is the growing demand for plant-based and clean-label ingredients. Consumers are increasingly seeking healthier and sustainable alternatives, driving the adoption of pea starch in various food and beverage products. Additionally, there is a trend towards product innovation, with manufacturers developing new formulations and applications for pea starch to meet evolving consumer preferences.

• Europe: Europe is witnessing a trend towards regulatory support and sustainability initiatives in the Pea Starch Market. Government regulations promoting sustainable agriculture and clean-label products encourage the adoption of pea starch by food manufacturers. Moreover, there is a growing emphasis on organic and non-GMO certifications, reflecting consumer preferences for natural and environmentally friendly ingredients.

• Asia-Pacific: In the Asia-Pacific region, a notable trend in the Pea Starch Market is the rapid expansion of food processing industries and the increasing adoption of Western dietary trends. As urbanization and disposable incomes rise, consumers are demanding convenience foods and healthier alternatives, driving the demand for pea starch in processed food products. Additionally, there is a trend towards investment in research and development to enhance the functionality of pea starch for diverse applications.

• LAMEA (Latin America, Middle East, and Africa): LAMEA is experiencing a trend towards market expansion and diversification in the Pea Starch Market. With growing consumer awareness of health and wellness, there is a rising demand for clean-label and plant-based ingredients, driving the adoption of pea starch in the region. Moreover, there is a trend towards partnerships and collaborations between local and international players to leverage market opportunities and expand product portfolios in LAMEA.

Competitive Landscape – Pea Starch Market

The 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:

• AGT Food and Ingredients Inc.
• Emsland Group
• Roquette Frères
• Vestkorn Milling AS
• Cosucra Groupe Warcoing SA
• Parrheim Foods
• Meelunie B.V.
• Sanstar Bio-Polymers Ltd.
• The Scoular Company
• Axiom Foods Inc.
• Puris Proteins LLC
• Dakota Dry Bean Inc.
• American Key Food Products (AKFP)
• AGT Foods Africa (Pty) Ltd.
• Top Health Ingredients Inc.
• Others

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

Several new players have entered the Pea Starch Market, leveraging innovation to establish a foothold in the industry. These newcomers often focus on niche segments or introduce novel processing techniques to differentiate themselves.

Key players dominating the market include Roquette Frères, Emsland Group, and Cosucra Groupe Warcoing SA, renowned for their extensive product portfolios, global presence, and substantial investments in research and development. These key players maintain market dominance through strategic partnerships, continuous innovation, and adherence to stringent quality standards, solidifying their positions as industry leaders.

The Pea Starch Market is segmented as follows:

By Application

• Food & Beverages
  • Bakery & Confectionery
  • Dairy & Frozen Desserts
  • Meat & Seafood Products
  • Beverages
  • Others
• Industrial
  • Pharmaceuticals
  • Textile
  • Paper & Packaging
  • Others

By Functionality

• Thickening Agent
• Gelling Agent
• Binding Agent
• Stabilizing Agent
• Others

By Form

• Powder
• Liquid

By Grade

• Organic
• Conventional

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