Pea Starch Market to Develop Rapidly by 2028

The global pea starch market size is expected to reach USD 150.7 million by 2028 according to a new study by Polaris Market Research. The report “Pea Starch Market Share, Size, Trends, Industry Analysis Report, By Type (Organic, Traditional); By Application (Gelling, Film Foaming, Binding & Thickening, Texturizing); By End-Use (Food & Beverages, Animal Feed, Pet Food, Cosmetics, Pharmaceutical, Textile); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is projected to witness growth over the forecast period owing to increasing demand for convenience food, hectic consumer lifestyle, and rising application in animal feed. The consumption of pea starch has also increased on account of the growing disposable income of consumers, increasing health concerns, and rising awareness regarding nutrition and fitness. Companies are introducing pea starch-based food products to enable consumers to maintain weight, provide nutritional requirements, and align with their health goals.

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The applications of pea starch include gelling, film foaming, binding and thickening, texturizing, and others. The gelling segment accounted for the highest share in 2019. The growth in the convenience food industry is expected to drive the market in this segment during the forecast period.

Pea starch is a major component in food products that require an elastic texture owing to its high amylose content. Growing industrial applications of pea starch for gelling, coupled with increasing demand from the animal feed sector are factors expected to provide numerous growth opportunities in the coming years.

Asia Pacific is expected to exhibit significant growth during the forecast period. Population growth, rising disposable incomes, and growing use in food products such as bakery, dairy, and confectionery drive the market growth in the region.

The population in the region is gradually moving from traditional food groups to a range of healthier food options and is willing to spend more on food that offers high nutritional value. With increasing consciousness regarding diet and lifestyle among youth, the market is expected to grow significantly in the coming years.

Some of the major market participants include Parrish and Heimbecker, Ltd., Axiom Foods, Inc., Dakota Dry Bean, Puris Foods, Vestkorn Milling AS, Roquette Freres, Meelunie B.V., AGT Food and Ingredients, Shandong Jianyuan Group, Emsland Group, Yantai Shuangta Food Co., Ltd., Cosucra Groupe Warconing SA, Felleskjøpet Rogaland Agder, and the Scoular Company.

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