Pea Starch Market Size to grow by USD 109.7 million between 2024-2028

The Pea Starch Market is segmented by Type (Conventional and Organic), Application (Food and beverage, Pharmaceutical and nutraceutical, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 109.7 million, at a CAGR of 6.79% during the forecast period. There are several companies that are contributing to the market as per this report. Increasing awareness about gluten-free products .

By Type, the Conventional segment is projected to dominate the market size in 2024

The conventional pea starch segment is projected to dominate the market in 2023, accounting for the largest market share. This is primarily due to the widespread cultivation of conventional pea crops using chemical fertilizers, the ease of access to affordable conventional peas, and the longer shelf life of conventional pea starch. Additionally, the availability of numerous pea varieties and the growing demand for gluten-free products make conventional pea starch a preferred choice for manufacturers. Its lower cost compared to rice, wheat, and cassava, as well as its lower carbohydrate content compared to maize and potato starch, further increases its appeal in various applications.

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By Application, Food and beverage segment is expected to hold the largest market size for the year 2024

The pea starch market is experiencing significant growth in the food and beverage sector, owing to its status as a functional and sustainable alternative to traditional wheat-based starches. With increasing consumer preference for gluten-free, plant-based, and eco-friendly options, pea starch has gained popularity. This versatile ingredient is utilized in various food and beverage applications, including pasta, snacks, and bakery goods, due to its superior functional qualities such as high viscosity, stability, and resistance to degradation. The market expansion is further fueled by the beneficial attributes of pea starch, making it a favorable choice for businesses seeking to cater to health-conscious consumers and reduce their environmental footprint.

Why is APAC forecasted to hold the largest regional market size in 2024?

The Pea Starch Market represents a significant business opportunity for manufacturers and suppliers. This sector experiences steady growth due to increasing demand for natural and organic food products. Pea starch, derived from yellow pea, offers numerous advantages such as high functional performance, excellent binding capacity, and gluten-free properties. Market trends indicate continued expansion, driven by consumer preferences for healthier and sustainable food alternatives. Businesses can capitalize on this trend by investing in pea starch production and innovation.

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Research Analysis Overview

The Pea Starch Market is witnessing significant growth due to its increasing applications in various industries, including the pet food industry, food and beverages, bakery ingredients, candy, textile, paper, cosmetics, and animal feed industries. Pea starch is a type of vegetable starch derived from peas, rich in fiber, protein, and various agricultural commodities such as oilseeds, legumes, pulses, and grains. The production of pea starch involves the use of ultrasonic extraction technology, ensuring high-quality and nutrient-rich end products. Pea starch is gaining popularity in the pet food industry due to its nutritional benefits and its ability to replace traditional animal-derived ingredients. In the fitness enthusiasts and weight loss sector, pea starch is used as a non-GMO, organic, gluten-free, and vegan-friendly ingredient. Pea starch is also used as a functional ingredient in the bakery industry, providing texture, moisture, and binding properties. In the food and beverages industry, pea starch is used as a thickener, stabilizer, and texturizer. Additionally, pea starch is used in the production of non-GMO and organic products, catering to the growing demand for natural and healthy food options. Furthermore, pea starch has applications in the textile, paper, and cosmetics industries, making it a versatile agricultural commodity with a wide range of applications. Key players in the pea starch market include Lamb Weston, Amylose, and various other manufacturers focusing on producing high-quality, sustainable, and innovative pea starch products.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. This market excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages. Factors driving market growth include the health benefits of minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. - The Pea Starch Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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