Pea Starch Market Growth, Trends, Opportunities, and Key Players: Forecast 2025-2034
Pea Starch Market Growth, Trends, Opportunities, and Key Players: Forecast 2025-2034
Blog Article
The pea starch market has seen significant growth in recent years, primarily driven by the increasing consumer demand for gluten-free products. With a value of USD 436.90 million in 2024, the market is expected to witness substantial growth during the forecast period of 2025-2034, expanding at a compound annual growth rate (CAGR) of 8.40%. This surge is attributed to various factors, including the rising awareness of health and wellness, the demand for clean-label products, and the growth of the plant-based ingredients sector. Pea starch, which is derived from peas, is rich in dietary fiber and protein, making it a preferred ingredient in several industries such as food and beverage, pharmaceuticals, and animal feed.
Pea Starch Market Size
The pea starch market has experienced steady growth, reaching a value of USD 436.90 million in 2024. This growth trajectory is expected to continue over the next decade. By 2034, the market is projected to attain a value of USD 978.76 million. The increase in demand for plant-based and gluten-free food products, along with an increase in the popularity of plant-based diets, has contributed significantly to the market’s expansion. Additionally, the high nutritional content of pea starch, such as its rich protein and fiber profile, has made it a key ingredient in various sectors beyond food, including pharmaceuticals and animal feed.
Pea Starch Market Trends
Several market trends are shaping the growth of the pea starch industry. One of the most notable is the increased demand for gluten-free products. Consumers with gluten intolerance or celiac disease are fueling the demand for alternatives to traditional wheat-based starches, driving up the demand for pea starch. Moreover, with the growing trend of plant-based diets and clean-label products, pea starch has gained popularity as a natural, sustainable, and healthy ingredient. Technological advancements in plant-based ingredients, along with innovations in processing methods, are expected to propel the market further. Additionally, there is an increasing focus on the health benefits of pea starch, such as its potential to improve digestive health due to its high fiber content.
Pea Starch Market Opportunities and Challenges
While the pea starch market presents several opportunities, it also faces challenges. One major opportunity lies in the increasing use of pea starch across various industries such as food, pharmaceuticals, and animal feed. As the demand for gluten-free and plant-based products rises, pea starch’s role in these markets is set to expand. The clean-label movement also presents a significant opportunity for manufacturers to cater to consumers seeking products with simple, recognizable ingredients.
However, challenges persist, such as the competition from other starch sources, including corn and potato starch. Additionally, the production costs of pea starch and the relatively limited availability of peas in some regions may hinder market growth. Nonetheless, technological advancements in extraction methods and the increasing focus on sustainability could help overcome these hurdles.
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Pea Starch Market Segmentation
The pea starch market is segmented by type, function, end-use, and region. Each of these segments offers unique insights into the market’s growth patterns and opportunities.
- By Type:
- Organic/Non-GMO
- Conventional
- By Function:
- Gelling
- Thickeners
- Texturizing
- Film Forming
- Others
- By End-Use:
- Food & Beverage
- Animal Feed
- Paper
- Pharmaceuticals
- Textiles
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Pea Starch Market Growth
The growth of the pea starch market can be attributed to various factors, including the increasing adoption of pea-based products, the rising demand for gluten-free alternatives, and the growing awareness of the nutritional benefits of pea starch. The food and beverage industry remains the largest consumer of pea starch, driven by the rising popularity of plant-based and gluten-free diets. Additionally, the expanding pharmaceutical and animal feed industries are contributing to the growth of the market. As demand continues to rise for sustainable, clean-label ingredients, pea starch is expected to gain an even larger market share.
Pea Starch Market Forecast
The market forecast for pea starch indicates strong growth over the next decade. By 2034, the market value is expected to reach USD 978.76 million, growing at a robust CAGR of 8.40%. This growth is driven by the rising demand for clean-label, plant-based ingredients in various sectors, including food and beverage, pharmaceuticals, and animal feed. The forecast period is likely to witness technological advancements that will improve production efficiency and expand the application of pea starch. Manufacturers will continue to capitalize on the clean-label trend and the increasing demand for gluten-free, plant-based alternatives.
Pea Starch Competitor Analysis
- Ingredion Incorporated: Global leader in ingredient solutions, offering pea starch for food, beverage, and industrial applications with sustainable practices.
- Roquette Frères: A French-based company, known for plant-based ingredients, offering high-quality pea starch for food and pharmaceutical sectors.
- Yantai Shuangta Food Co., Ltd.: Chinese company specializing in pea starch production for food, animal feed, and other industrial uses.
- PURIS: US-based producer of plant-based ingredients, including pea starch, focused on sustainable and clean-label solutions for various industries.
- Emsland Group: German manufacturer of pea starch, supplying high-quality starches for food, feed, and industrial applications worldwide.
- Axiom Foods, Inc.: Leading US-based supplier of plant-based ingredients, offering pea starch for food, beverages, and nutritional products.
- Dakota Ingredients: North American company specializing in plant-based ingredients, including pea starch, for food and beverage applications.
- AGT Food and Ingredients Inc.: Canadian-based global leader in pulse-based ingredients, producing high-quality pea starch for diverse industrial uses.
- Vestkorn: Norwegian company producing pea starch and other pulse ingredients, serving food, pet food, and industrial markets.
- Sanstar Limited: Indian company offering high-quality pea starch, focused on applications in food, pharmaceuticals, and textile industries.
- Nutri-Pea: Canadian company specializing in pea starch production, providing plant-based ingredients for the food, beverage, and nutrition markets.
- Aminola: European supplier of natural pea starch and pea protein, catering to food, beverage, and dietary supplement industries.