Allied Market Research
Loading...
0

global Pea Starch Market Expected to Reach $544.7 Million by 2026—Allied Market Research

 

Report Code : A06401

quote The global demand for pea starch market is expected to increase, due to rise in need for pea starch in the food & beverage industry. This has encouraged manufacturers to develop various organic as well as conventional starches, which augment the global market growth. Furthermore, upsurge in demand from the feed industry has positively impacted the market growth, globally. quote

Shankar Bhandalkar
Team Lead, Food & Beverages at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Pea Starch Market by Type and Application: globalOpportunity Analysis and Industry Forecast, 2019–2026,” the global pea starch market was valued at $292.9 million in 2018, and is projected to reach $544.7 million by 2026, registering a CAGR of 8.3% from 2019 to 2026.

The pea starch market possesses high growth potential, owing to increase in demand for pea starch in food & beverages industry. Furthermore, the pea starch market growth is driven by surge in global population and rise in per capita, thus increasing the production of pea starch. Change in taste and preference for healthy food of consumers positively affected the sales. In response to the dietary concerns of consumers, manufacturers are developing specialty differentiated products with pea starch. Numerous players are entering the market with innovative food product offerings, using peas as their base. Thus, emerging innovative food items are expected to increase the market competition in the years to come. Furthermore, upsurge in population in the developing countries, such as China and India, has increased the demand for pea starches and pea proteins to cater to increasing food requirements. 

With consumers growing inclination toward organic food products and natural personal care products, the demand for organic and clean label ingredients is consequently gaining traction. Pea starch derived from non-GMO/organic peas delivers safe and sustainable part for clean label bars, baked goods, and beverages. This enables manufacturers to meet the organic food demand and aids in expansion of the market for organic pea starch. Thus, shift in consumer preference toward the adoption of organic pea starch is projected to offer remunerative opportunity for the expansion of the market during the forecast period.

The global pea starch market is segmented into type, application, and region. Depending on type, the market is bifurcated into organic/non-GMO and conventional. The applications covered in the study include food & beverages, feed, and others. Region wise, the market for pea starch is analyzed across North America, Europe, Asia-Pacific and LAMEA.

On the basis of type, according to the pea starch market forecast the conventional segment was valued at $259.9 million, and is expected to growt with a CAGR of 8.1% to reach $544.7 million by 2026. The organic segment is expected to grow at a fastest CAGR of 9.7% during the forecast period, attributed to increase in demand of consumers for different types of pea starches made by organic methods.

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa.). Countries such as Australia, the U.S., the UK, NORDIC countries, India, China, and ASEAN countries are the largest spenders on pea starch. In addition, factors such as easy product availability, high per capita expenditure, and increase in consumer purchasing power significantly contribute toward the growth of market. 

Key Findings Of The Study

  • Depending on type, the conventional segment accounted for the highest share in 2018, growing at a CAGR of 9.7%.

  • By application, the food & beverages segment accounted for about 62.3% of the pea starch market share in 2018. However, the others segment is expected to grow fastest at a CAGR of 8.6% during the forecast period.

  • Region wise, North America accounted for about 42.1% of the market by share and is expected to grow at a CAGR of 7.3%. However, the Asia-Pacific region is anticipated to grow at the highest CAGR of 10.5% during the forecast period. 

The key players operating in the pea starch industry include Agridient, American Key Food Products, Cosucra Groupe Warconing SA, Emsland Group, Meelunie B.V., Puris Foods, Roquette Frères, Shanghai Bichain Industrial Chemical, The Scoular Company, and Vestkorn Milling AS.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Pea Starch Market by Type (Organic/Non-GMO and Conventional) and Application (Food & Beverage, Feed, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 3,694 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"global Pea Starch Market"
Purchase Enquiry