Pea Starch Market Size By Product (Food Grade, Industrial Grade, Feed Grade), By End-user (Pharmaceutical, Food & Beverage, Animal Feed, Paper & Textile), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025

Industry Trends

Pea Starch Market size surpassed USD 165 million in 2017 and is expected to register over 20% CAGR up to 2025. New developments in the North American and European food & beverage industry will drive the global pea starch industry growth.
 

Pea starch is a type of carbohydrate rich in protein, native starch, and amylose. It is produced by the mechanical dry separation of the part which is rich in starch. The pea starch market is gaining traction across animal feed applications. 
 

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The global market demand will be primarily driven by its advantages over products obtained from other conventional sources such as maize, corn, rice, potato, etc. Dry peas have a high starch content of around 48%, whereas rice, corn, and potatoes, which are some of the most popularly used sources, have a content of approximately 28%, 19%, and 18% respectively. The product also has a high concentration of amylose, which is one of the two starch types recognized around the world. This unique feature imparts comparatively better thickening and gelling properties in the final product, making it an ideal ingredient for food products that require short and elastic texture. Its higher amylose content gives it greater stability under high heat, shear, and acid conditions than is typical of other products. These unique properties will boost product demand for use in food applications and will augment the global pea starch market growth during the forecast timeframe.
 

Lack of awareness among consumers about the products superior properties and benefits will be a major factor hindering the market outlook. Low product demand owing to lack of awareness has been compounded by the prevalence of other products in the market, such as those obtained from potato, maize, and corn. These factors may hamper the pea starch industry growth during the forecast timeframe. However, with increasing acceptability of the product across the food additive processing industry coupled with rising marketing initiatives by manufacturers will increase consumer awareness and help in the industry demand in coming years.
 

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By Product

The global pea starch market has been segmented, based on product, into food grade, industry grade, and feed grade. Food grade is the largest product segment which will register over 24% CAGR during the forecast timeframe. This product type is suitable for human consumption, and as such are of better quality than the other two product types. Food grade product type is used in food & beverage as well as pharmaceutical applications and requires a range of certifications such as British Retail Consortium (BRC), Food & Drug Administration (FDA), KOSHER, Halal, etc.
 

Industry grade product type held a minimal share of less than 10% of the overall market in 2017. This product is used in end-user industries such as paper, textile, adhesives, and cosmetics as a bonding, strengthening, or sizing & stiffening agent. Developments in the global cosmetics industry coupled with growing popularity of starch-based adhesives in the packaging industry will drive this segment’s growth in the coming years.
 

By End-user

The global pea starch market is segmented, based on end-users, into pharmaceutical, food & beverage, animal feed, paper & textiles, and other niche end-users such as cosmetics, adhesives, etc. Food & beverage is the largest end-user segment which is expected to record over 24% CAGR during the forecast timeframe. The product is extensively used in food & beverage items such as confectionary, coating, dairy, pasta, bakery products, snacks, potato products, soups & sauces, meat, poultry, fish, etc. as a thickening and binding agent.
 

Pharmaceuticals end-user segment held a share of around 5% of the overall market in 2017. This is one such end-user segment where dedicated research in the future will open up new opportunities for product usage. At present, the product is used as an excipient, tablet super disintegrant, controlled release polymer, and plasma volume expander in the pharmaceutical sector. High growth in the global pharmaceutical business will augment this segment’s development during the forecast timeframe.
 

By Region

The global pea starch market has been led by Asia Pacific, accounting for more than one-third of the industry in 2017. High consumption volume of noodles in China, Japan, South Korea, and Singapore will be a major factor behind the region’s leading industry position, as the product is extensively used in making noodles and vermicelli. High growth in the Asia Pacific food & beverage industry coupled with increasing demand for animal feed in the region will also be major factors behind the pea starch market growth in this region.
 

North America is also a major market which will achieve over 28% CAGR during the forecast timeframe. Increasing consumption of processed food in the region coupled with developments in the animal feed industry will propel the regional pea starch industry demand in the coming years. Awareness among the regional population about the benefits of healthy eating habits have resulted in a rise in cooking at home, using natural ingredients and the expansion of online platforms for recipe ideas. These factors will also drive product demand in the forecast timeframe for use in food items such as confectionary, bakery products, snacks, etc.
 

Competitive Market Share

Key market participants in the global pea starch market includes Roquette Freres, Cosucra-Groupe, Emsland-Starke, Vestkorn Milling, Parrheim Foods, Meelunie B.V., AGT Food and Ingredients, and American Key Products. Other industry players include Yantai Oriental Protein Tech Company, Shandong Jianyuan Bioengineering, Dakota Dry Bean, The Scoular Company, etc. The global market is consolidated with key market participants accounting for a major share of the overall industry.
 

Roquette is the leader in the global pea starch market with offices and sales networks in more than 100 countries around the globe. The company’s new pea processing site in Manitoba, Canada which is slated to start operation by 2019, will help it in maintaining their industry leading position during the forecast timeframe.
 

Industry Background

Pea has been consumed as a food source for a long time in human history. Its availability in almost all regions of the globe has made it one of the most popular pulse around the globe. However, its processing to obtain starch is not very prevalent in the industry as other conventional sources are more commonly used. The product’s advantages over starch obtained from other sources provides ample opportunity for the market growth in the future. High cultivation volume of peas across the globe will also be a favorable factor, as raw material will be easily available for processing.
 

Pea starch market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD thousand from 2014 to 2025, for the following segments:
 

By Products

• Food grade
• Industry grade
• Feed grade

By End-user

• Pharmaceutical
• Food & beverage
• Animal feed
• Paper & textile
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Hungary
  • Poland
  • Croatia
  • Romania
  • Russia
  • Ukraine
  • Czech Republic
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • Oceania
  • Indonesia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait