Global Pea Starch Market Trend Research Report Information: by Type, Share, Application and Forecast Till 2027
Market Synopsis:
Market Research Future (MRFR) has published detailed report asserting
that the global pea starch market is marked to expand remarkably at a CAGR of
11.3% during the forecast period of 2018-2023 and reach the valuation of USD
165.2 Mn by the end of the forecast period form USD 86.5 Mn in 2017. High
starch content of about 40% makes peas a rich source of natural starch.
Increasing demand for processed food due to changing lifestyle and rise in
trend of gluten-free diet are inducing high demand for pea starch in the global
market, resulting in the significant expansion of the global pea starch market.
The low-calorie formulation and high nutritional value pea starch make it an
excellent additive for the diet conscious population. Hence, rise in popularity
of the concept of dieting in order to maintain a healthy lifestyle is fueling
the expansion of the global pea starch market. However, allergic reaction
caused by peas are likely to act as restraining factor on the expansion of teh
global pea starch market during the forecast period.
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Key Players:
The key players operating in the global pea starch market are Emsland
Group, Roquette Freres, Vestkorn Milling AS, Cosucra Groupe Warconing SA,
Shandong Jianyuan Group, Meelunie B.V., Parrish And Heimbecker, ltd., Axiom
Foods, Puris Foods, Yantai Oriental Protein Tech co., ltd., The Scoular
Company, Inc., AGT Food and Ingredients, Felleskjøpet Rogaland Agder, Dakota
Dry Bean and Qingdao CBH Co., Ltd. The players in the global pea starch market
are aiming towards the expansion of their businesses through strategic mergers
and acquisitions, which are also aiding them for sustaining the competitive
environment of the global pea starch market.
Market Segmentation:
The global pea starch market has been segmented on the basis of grade,
application and function. Based on grade, the global pea starch market analysis
has been segmented into food, feed and industrial. Among these, the food
segment commands the major share in the global pea starch market owing to the high
demand for this product in the food and beverages industry. The industrial
segment is forecasted to be the fastest growing segment in the global pea
starch market analysis owing to the increasing demand for pea starch in various
end-use industries. Based on application, the global pea starch market analysis
has been segmented into food and beverages, industrial, pet food and others.
Among these, the food and beverages segment commands the major share in the
global pea starch market owing to the high demand for pea starch for
preparation of various food products. The industrial application segment is
forecasted to be the fastest growing segment in the global pea starch market.
Based on function, the global pea starch market analysis has been segmented
into binding and texturing, gelling, film forming, texturizing and others.
Among these, the binding and thickening segment is dominating the global pea
starch market. Whereas, the gelling segment is anticipated to be the fastest
growing segment in the global pea starch market during the forecast period.
Regional Analysis:
Geographically, the Global Pea Starch Market has been segmented into
four major regions such as North America, Europe, Asia Pacific and the Middle
East and Africa. The Asia Pacific region is marked to expand significantly in
the global pea starch market analysis owing to the high consumption of pea
starch for the preparation of noodles and vermicelli. Rapid expansion of food
and beverages industry in this region is also aiding the growth of the pea
starch market in the Asia Pacific region. High demand for pea starch as animal
feed and increased consumption of processed food as a result of changing
lifestyle are propelling the growth of the pea starch market in the North
America region. The pea starch market in the Europe region is projecting
noteworthy expansion owing to the rise in demand for processed food and
increasing utilization of pea starch in various end-use industries multiple
purposes in this region.
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NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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