Latest News- Pea Starch Market: Conventional is expected to lead the Type segment during 2024-2028

The Pea Starch Market is being driven by Increasing prominence of private-label brands

The Pea Starch Market is expected to grow at a CAGR of 6.79% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 109.7 million. The surge in demand for gluten-free products, driven by the growing awareness and diagnosis of celiac disease and non-celiac gluten sensitivity, presents a significant business opportunity for pea starch. Pea starch, being naturally gluten-free, offers a viable alternative to traditional starches derived from grains such as wheat, barley, and rye. These grains contain gluten proteins, which can form a sticky network when hydrated, making flour elastic and chewier. However, for individuals with gluten intolerance, consumption of these grains can lead to adverse health effects. Pea starch, therefore, emerges as a promising solution, catering to the increasing market demand for gluten-free ingredients. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Conventional
  • Organic
• Application
  • Food and beverage
  • Pharmaceutical and nutraceutical
  • Others
• Geography
  • APAC
    • China
    • India
  • North America
    • US
  • Europe
    • Germany
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prominence of private-label brands
• Growth in gluten-free baking industry
• Increasing demand from food and beverage industry

However, the market also witnesses some limitations, which are as follows:

• Fluctuating prices of raw materials hampering scale of modified starch production
• Growing awareness about negative effects of a starch-rich diet
• Vulnerability of pea crop to climate change

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Market Scope in Pea Starch Market Research Report

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Research Analysis Overview

The Pea Starch market encompasses various industries such as food and beverages, cosmetics, paper, textile, animal feed, bakery, and gluten-free sectors. Pea starch is a popular alternative to potato and tapioca starches, finding use in gluten-free, vegan-friendly, non-GMO, and weight loss products. Amylose-rich pea starch is sourced from peas, a type of grain, and is used in bakery ingredients, candy production, and as a thickener. Ultrasonic extraction is used to extract starch from peas, which is then processed into non-GMO and organic ingredients for the food industry, cosmetics, and pet food. Peas, as agricultural commodities, also provide protein, fiber, and starch. The pea starch market serves industries such as the bakery industry, cosmetics, paper, textile, animal feed, and the weight loss sector, catering to fitness enthusiasts and those with dietary restrictions. Additionally, pea starch is used in the production of gluten-free and vegan-friendly products, making it a versatile ingredient in various industries.

Market Research Overview

The pea starch market encompasses various industries, including food and beverages, cosmetics, paper, textile, animal feed, bakery, gluten-free, and vegan-friendly product sectors. In the food and beverages industry, pea starch is utilized as a functional ingredient to enhance texture, stability, and shelf life in packaged foods and meats. The cosmetics industry leverages pea starch for its excellent binding and thickening properties in the production of cosmetics and personal care products. In the paper industry, pea starch acts as a binder in the manufacturing of biodegradable and eco-friendly paper products. In the textile industry, it is used as a size and finish agent, while in the animal feed industry, it serves as a functional ingredient for enhancing animal health and productivity. In the bakery industry, pea starch is a preferred alternative to traditional wheat-based starches due to its gluten-free and vegan-friendly properties. The growth of the pea starch market is driven by the increasing demand for healthier and more sustainable food and beverage options, as well as the growing trend towards plant-based and vegan products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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