The global pea starch market is projected to grow from USD 426.9 million in 2024 to reach USD 671.8 million by 2029, at a CAGR of 9.5% during the forecast period. The primary drivers for the global pea starch market are the rising demand for plant-based ingredients and natural food additives that are perceived as environmentally friendly. Growing health consciousness and environmental awareness among consumers are driving their preference for plant-based alternatives to animal-derived products. With its functional properties like thickening, gelling, and emulsifying, pea starch has been increasingly finding acceptance in food processing applications, including gluten-free and clean-label products.
The global pea starch market is witnessing an upward trajectory as demand for sustainable and plant-based alternatives continues to rise. With its diverse applications in food, pharmaceuticals, and industrial sectors, pea starch is emerging as a key player in the global starch market. This newsletter will delve into the market dynamics, key trends, and opportunities shaping the future of pea starch.
The pea starch market has been growing due to several key drivers:
Increasing Demand for Plant-Based Ingredients: As consumers move toward plant-based diets, pea starch is gaining popularity as a natural, non-GMO, and sustainable ingredient in food products. This is particularly true for the growing vegan and vegetarian segments.
Health and Wellness Trends: Pea starch is seen as a healthy alternative to other starches due to its low glycemic index and the growing awareness of the health benefits of pea protein and other legume-based ingredients.
Rising Demand for Gluten-Free Products: Pea starch is naturally gluten-free, making it a preferred ingredient for gluten-free food formulations. This is important in catering to the rising number of people with gluten intolerance or celiac disease.
Sustainability and Environmental Concerns: Peas, the source of pea starch, are more environmentally friendly to grow compared to other crops like corn or wheat. As sustainability becomes a growing concern for both producers and consumers, pea starch is seen as a more eco-friendly alternative.
Food and Beverage Industry Growth: Pea starch is used in a wide range of food and beverage applications, such as soups, sauces, baked goods, and dairy alternatives. As the global food and beverage market expands, the demand for pea starch is also increasing.
Rising Demand for Plant-Based Proteins: Pea starch is closely linked with pea protein production, which is becoming increasingly popular as a plant-based protein source. This synergy boosts the demand for pea starch as a byproduct.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78961382
Pea Starch Market Opportunities: Rise in demand from pet food industry
The pet food industry is currently experiencing a surge in demand, presenting a major opportunity for pea starch. This global sector is expanding due to the rising number of pet owners, the growing trend of treating pets as family members, and an increasing focus on pet health and nutrition. As a result, there is a heightened need for high-quality, functional ingredients. Pea starch is perfectly positioned to meet these demands with its digestibility, natural origins, and inherent benefits.
Additionally, pea starch is rich in easily digestible carbohydrates and serves as a hypoallergenic, gluten-free option, making it ideal for pets with sensitive diets or food allergies. As pet owners increasingly seek healthier, more natural food choices, the clean-label appeal of pea starch becomes a significant advantage, aligning with the trend of incorporating wholesome, natural ingredients into pet foods.
Furthermore, pea starch is an environmentally friendly ingredient, sourced from renewable plants. This resonates with consumers who are more inclined to choose eco-friendly and ethically sourced products for their pets. Another opportunity for the pea starch market lies in the growing use of plant-based ingredients in pet food, particularly as part of the broader trend toward alternative proteins and sustainable nutrition. Pea starch supports the inclusion of plant-based proteins, contributing to the formulation of nutrient-dense, sustainable pet food options.
The native starch segment led the pea starch market during the study period, based on product type.
Looking ahead, the native starch segment is projected to continue dominating the pea starch market throughout the study period. With its natural appeal and clean label, native pea starch offers versatile functionality across various industries. As consumer demand for simple, transparent, and minimally processed ingredients grows, native pea starch aligns with the clean-label and health-conscious trend. Its ability to thicken, bind, and provide texture makes it an ideal ingredient in products like plant-based meats, gluten-free options, and dairy alternatives. Additionally, native pea starch is non-GMO, allergen-free, and sustainable, meeting the increasing consumer demand for environmentally friendly and allergy-free products.
The binding and thickening segment holds a larger market share and is projected to experience a higher CAGR in the pea starch market during the forecast period.
Pea starch’s natural ability to bind and thicken makes it an indispensable ingredient in food production, particularly in plant-based, gluten-free, and clean-label products. It plays a key role in adding texture and structure to plant-based meats, dairy alternatives, and gluten-free baked goods. Its thickening properties are essential in the production of sauces, soups, gravies, and dressings, ensuring the desired consistency. Moreover, pea starch is favored by the clean-label movement, offering a simple, natural ingredient that meets consumer expectations for product transparency and non-synthetic components.
The report profiles key players such as Ingredion (US), Roquette Frères (France), Yantai Shuangta Food Co., Ltd. (China), Ebro Foods, S.A. (Spain), Puris (US), DSM-firmenich (Netherlands), AGT Food and Ingredients (Canada), Emsland-Stärke Gesellschaft (Germany), Cosucra (Belgium), and Agrocorp International Pte Ltd. (Singapore).