Pea starch is produced from Pisum sativum dry pea, is a wealthy source of amylase and supply thick consistency and gel-based texture as compare to different starches. Pea starch is acidic in nature, possesses warm temperature resistance and also better shear stability and gluten-free. Pea starch is attained from yellow peas, that are the foremost common ingredient derived from field peas, and includes of over 40.0% starch which appears within the form of white powder. Owing to its gelling, texturizing, and thickening properties, it is extremely utilized in different food application such as pasta sauces, creams, meats, delicatessen etc.
According to the analysis,’ Global Pea Starch Market to reach USD 218.4 million by 2027’ the market is very aggressive with cooperates undertaking some activities including strategic alliances, capital extension, regular mergers, and acquisitions. Major players are concentrating on expanding their total market share together with productivity through technological innovation. Key corporate operating in the market includes Emsland Group, Cosucra Groupe Warcoing SA, Roquette Freres, Vestkorn Milling AS, Ingredion Incorporated, Axiom Foods, Inc., Felleskjopet Rogaland Agder, Agt Food and Ingredients, Parrheim Foods and Puris Foods.
The increasing demand for pea starch from various end-use industries, increase in demand for gluten-free food products and cost-effectiveness of manufacturing pea starch are the few factors responsible for growth of the market over the forecast period. For instance: as per Statista, the U.S. distribution channel of gluten free products was USD 2.79 billion in 2015 and is anticipated to rise by USD 7.59 billion in 2020. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 07th June 2017, France based Roquette Freres invested around USD 43.92 million on its Vic-sur-Aisne facility to expand pea processing capacity. However, effect of retro gradation on the functional properties of pea starch and decrease in the production of dry pea are the major factors restraining the growth of global Pea Starch market during the forecast period.
The regional analysis of global Pea Starch market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the globe due to the increase in consumption of processed food, the demand for pea starch in this region. Rising demand for convenience and processed food products across the world, especially in the Asia Pacific is expected to increase pea starch consumption in the food and beverage industry over the forecast amount. The detailed segments and sub-segment of the market are explained as follows By Grade segmented into Food, Feed and Industrial. By Application segmented into Food & Beverages, Feed, Pet Food and Industrial. By Function segmented into Binding & Thickening, Gelling, Film Forming, Texturizing and Others. By Source segmented into Organic and Inorganic.
Moreover, expanding paper and pharmaceutical industries are also contributing to high growth. Additionally, with increasing acceptability of the product across the food additive processing industry along with rising marketing initiatives by makers will increase consumer awareness and aid in the industry demand in upcoming years. Hence, it is anticipated that the market of Global Pea Starch Market will boost up throughout the forecast amount.
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Ankur Gupta, Head Marketing & Communications