Executive Summary

The global pea starch market is expected to grow at a CAGR of 9.2% during the forecast period of 2021-2026. The increasing demand for gluten-free and clean-label food products, coupled with the growing trend of plant-based protein, is driving the growth of the pea starch market. The food and beverage industry is the largest consumer of pea starch, followed by the pharmaceutical and industrial sectors. North America and Europe are the major markets for pea starch, due to the high demand for clean-label and organic food products. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period, due to the increasing demand for pea starch in various industrial applications.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

1. Growing demand for gluten-free and clean-label food products: The increasing awareness about health and wellness, coupled with the rising prevalence of celiac disease and gluten intolerance, is driving the demand for gluten-free food products. Pea starch is a natural and gluten-free ingredient that is widely used in various food products, such as bakery, confectionery, and snacks, to provide texture, stability, and mouthfeel. Moreover, pea starch is a clean-label ingredient that is non-GMO and organic, which is preferred by consumers who are looking for healthy and sustainable food options.
2. Rising trend of plant-based protein: The growing awareness about animal welfare, environmental sustainability, and health benefits is driving the demand for plant-based protein sources. Pea protein is a high-quality plant-based protein that is extracted from yellow peas and is used in various food and beverage products, such as plant-based milk, meat substitutes, and sports nutrition. Pea starch is often used in conjunction with pea protein to improve its functional properties, such as texture, flavor, and stability.
3. Increasing demand for industrial applications: Pea starch is also used in various industrial applications, such as adhesives, coatings, and textiles, due to its excellent binding, thickening, and film-forming properties. The demand for pea starch in industrial applications is expected to increase due to its sustainable and renewable properties, as well as its compatibility with various other materials.

Market Drivers

1. Health and wellness trend: The increasing awareness about health and wellness, coupled with the rising prevalence of lifestyle diseases, is driving the demand for healthy and natural food products. Pea starch is a natural and clean-label ingredient that is preferred by consumers who are looking for healthy and sustainable food options.
2. Growing demand for gluten-free food products: The rising prevalence of celiac disease and gluten intolerance is driving the demand for gluten-free food products.
3. Increasing demand for plant-based protein: The growing trend of plant-based protein is driving the demand for pea starch, as it is often used in conjunction with pea protein to improve its functional properties and provide better texture, flavor, and stability in plant-based food products.
4. Sustainability and environmental concerns: Pea starch is a sustainable and renewable ingredient that is preferred by consumers who are concerned about the environment and the impact of food production on natural resources. The use of pea starch in various food and industrial applications can help reduce the carbon footprint and promote sustainable practices.

Market Restraints

1. Availability and pricing: The availability and pricing of pea starch can be a challenge for manufacturers, as it is produced in limited quantities and requires a complex extraction process. The high cost of production can also make it difficult for manufacturers to use pea starch in large quantities or in products with low profit margins.
2. Competition from other starches: Pea starch faces competition from other types of starches, such as corn starch, potato starch, and tapioca starch, which are more widely available and less expensive. Manufacturers may choose to use these alternative starches instead of pea starch to reduce costs and improve profitability.

Market Opportunities

1. Emerging markets: The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, due to the increasing demand for pea starch in various food and industrial applications. The rising disposable income, changing dietary habits, and growing awareness about health and wellness are driving the demand for natural and clean-label food products in emerging markets.
2. Innovation and product development: There is a significant opportunity for innovation and product development in the pea starch market, as manufacturers can explore new applications and functional properties of pea starch. For instance, pea starch can be used to improve the texture and stability of plant-based meat substitutes, or as a thickener and gelling agent in vegan desserts and dairy alternatives.

Market Dynamics

The global pea starch market is characterized by intense competition, with several multinational and regional players operating in the market. The key players are focusing on product innovation, expansion of production capacity, and strategic collaborations to strengthen their position in the market. The increasing demand for natural and clean-label food products, coupled with the growing trend of plant-based protein, is expected to drive the growth of the pea starch market in the coming years.

Regional Analysis

North America and Europe are the largest markets for pea starch, due to the high demand for clean-label and organic food products. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, due to the increasing demand for pea starch in various industrial applications, such as adhesives, coatings, and textiles. The Middle East and Africa and Latin America are also expected to witness significant growth in the pea starch market, due to the rising demand for natural and clean-label food products.

Competitive Landscape

Leading Companies in the Pea Starch Market

1. Emsland Group
2. Roquette Frères
3. Vestkorn Milling AS
4. Puris Foods
5. Meelunie B.V.
6. Yantai Shuangta Food Co., Ltd.
7. Shandong Jianyuan Group
8. AGT Food and Ingredients Inc.
9. Axiom Foods, Inc.
10. Cosucra Groupe Warcoing SA

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global pea starch market can be segmented based on source, application, and region. By source, the market can be segmented into organic and conventional. By application, the market can be segmented into food and beverage, pharmaceuticals, and industrial. The food and beverage segment can be further segmented into bakery, confectionery, snacks, dairy alternatives, meat substitutes, and others.

Category-wise Insights

1. Food and beverage segment: The food and beverage segment is the largest consumer of pea starch, due to the wide range of applications of pea starch in this sector. The bakery and confectionery segment is the largest application area, due to the high demand for gluten-free and clean-label food products. Pea starch is often used in bakery products, such as bread, cakes, and pastries, to provide texture, volume, and stability. It is also used in confectionery products, such as gummies and candies, to provide a soft and chewy texture.

2. Pharmaceuticals segment: The pharmaceuticals segment is also a significant consumer of pea starch, due to its binding and disintegrating properties. Pea starch is often used as a binder in tablet formulations, as it can improve the hardness and friability of tablets. It is also used as a disintegrant, as it can break down the tablet and release the active ingredient.
3. Industrial segment: The industrial segment is a growing application area for pea starch, due to its excellent thickening, gelling, and film-forming properties. Pea starch is often used in various industrial applications, such as adhesives, coatings, and textiles, as it can provide a sustainable and renewable alternative to synthetic materials.

Key Benefits for Industry Participants and Stakeholders

1. Diversification of product portfolio: Pea starch can help manufacturers diversify their product portfolio by offering a natural and clean-label ingredient that can be used in various food and industrial applications.
2. Meeting consumer demand: The increasing demand for natural and sustainable food products, coupled with the rising trend of plant-based protein, is driving the demand for pea starch. By incorporating pea starch into their products, manufacturers can meet the evolving needs and preferences of consumers.
3. Improved functionality and performance: Pea starch can improve the functionality and performance of various food and industrial products, such as providing better texture, stability, and binding properties.

SWOT Analysis

Strengths:

• Pea starch is a natural and clean-label ingredient that is preferred by consumers who are looking for healthy and sustainable food options.
• Pea starch has excellent thickening, gelling, and binding properties, making it a versatile ingredient for various food and industrial applications.
• Pea starch is a sustainable and renewable ingredient that can help reduce the carbon footprint and promote sustainable practices.

Weaknesses:

• Pea starch is produced in limited quantities and requires a complex extraction process, which can result in higher production costs.
• Pea starch faces competition from other types of starches, such as corn starch and potato starch, which are more widely available and less expensive.

Opportunities:

• Emerging markets offer significant growth opportunities for the pea starch market, due to the increasing demand for natural and clean-label food products.
• Innovation and product development can help manufacturers explore new applications and functional properties of pea starch.

Threats:

• Fluctuations in raw material prices and availability can impact the production and pricing of pea starch.
• Increasing competition from other types of starches and alternative ingredients can limit the growth potential of the pea starch market.

Market Key Trends

1. Increasing demand for organic and non-GMO pea starch: The demand for organic and non-GMO pea starch is increasing, as consumers are increasingly concerned about the quality and safety of their food products.
2. Growing use of pea starch in plant-based food products: The growing trend of plant-based protein is driving the demand for pea starch, as it is often used in conjunction with pea protein to improve its functional properties.
3. Expansion of production capacity: The key players in the pea starch market are expanding their production capacity, in order to meet the growing demand for pea starch in various applications.

Covid-19 Impact

The Covid-19 pandemic has had a mixed impact on the pea starch market. On one hand, the demand for natural and clean-label food products has increased during the pandemic, as consumers are more concerned about their health and wellness. Pea starch, as a natural and sustainable ingredient, has benefited from this trend. On the other hand, the pandemic has disrupted the supply chain and production capacity of pea starch, due to the restrictions on transportation and labor. This has led to some shortages and price increases in the market. However, as the pandemic recedes and the global economy recovers, the pea starch market is expected to resume its growth trajectory.

Key Industry Developments

1. Emsland Group expands pea starch production capacity: In 2020, Emsland Group announced the expansion of its pea starch production capacity by 20%, in order to meet the growing demand for pea starch in various applications.
2. Roquette Freres launches NUTRALYS® pea starch: In 2019, Roquette Freres launched NUTRALYS® pea starch, a natural and gluten-free ingredient that can be used in various food and industrial applications.
3. Cosucra Groupe Warcoing introduces PISANE® pea starch: In 2018, Cosucra Groupe Warcoing introduced PISANE® pea starch, a high-quality pea starch that is produced using a sustainable and eco-friendly process.

Analyst Suggestions

1. Innovate and diversify: Manufacturers should focus on innovation and product diversification, in order to explore new applications and functional properties of pea starch.
2. Invest in sustainability: Manufacturers should invest in sustainable and eco-friendly practices, in order to meet the growing demand for natural and sustainable food products.
3. Collaborate and network: Manufacturers should collaborate and network with other industry players and stakeholders, in order to share knowledge, expertise, and best practices.

Future Outlook

The global pea starch market is expected to grow at a CAGR of 9.2% during the forecast period of 2021-2026. The increasing demand for gluten-free and clean-label food products, coupled with the growing trend of plant-based protein, is driving the growth of the pea starch market. The Asia-Pacific region is expected to witness the highest growth rate, due to the increasing demand for pea starch in various industrial applications. The key players in the market are focusing on product innovation, expansion of production capacity, and strategic collaborations to strengthen their position in the market. The pea starch market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for natural and sustainable food products.

Conclusion

In conclusion, the global pea starch market is a growing and dynamic market that offers significant opportunities for manufacturers, consumers, and other stakeholders. Pea starch is a natural and sustainable ingredient that is widely used in various food and industrial applications, due to its excellent thickening, gelling, and binding properties.

The increasing demand for natural and clean-label food products, coupled with the growing trend of plant-based protein, is driving the growth of the pea starch market. The key players in the market are focusing on product innovation, expansion of production capacity, and strategic collaborations to strengthen their position in the market. The pea starch market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for natural and sustainable food products.