Pea Processed Ingredients Market by Type (Fiber, Flour, Protein), Source (Chickpeas, Lentils, Yellow Split Peas), Application - Global Forecast 2024-2030
The Pea Starch Market size was estimated at USD 295.38 million in 2023 and expected to reach USD 317.00 million in 2024, at a CAGR 7.69% to reach USD 496.46 million by 2030.
Global Pea Starch MarketPea starch is extensively used in various applications such as gelling, texturizing, and thickening & binding, as it offers key performance and functionality benefits. Pea starch possesses substantial gelling properties, which aids in forming a gel in water at a much lower dosage than other starches, making it an ideal gelling native starch. Consumers are always seeking food with great texture and taste, made with clean labels & recognizable ingredients, and pea starch provides all these preferred attributes without compromising the color and taste of the food. However, the presence of various alternative starches and decreasing production of dry peas are expected to impede the utilization of pea starch. In addition, an increase in demand for pea starch from the pet food industry and continuous developments in the food & beverages industries offer robust growth opportunities for adopting pea starch.
Regional InsightsIn North America, the large-scale production of dry peas, the well-established food & beverage industry, rising demand for convenience and processed foods, and increased demand for gluten-free food products increase the adoption of pea starch. European countries such as the United Kingdom, Germany, Italy, Russia, and France are growing in utilizing pea starch among consumers due to growth in gluten-free products followed by the ongoing trend of veganism. In Asia-Pacific countries such as China, India, and Japan, the growing number of youngsters regularly indulging in sports and athletic activities has increased the consumption of dietary supplements containing starch as an ingredient. Developing countries such as China and India are utilizing native pea starches due to rapid industrial growth in these countries.
FPNV Positioning MatrixThe FPNV Positioning Matrix is pivotal in evaluating the Pea Starch Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share AnalysisThe Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Pea Starch Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company ProfilesThe report delves into recent significant developments in the Pea Starch Market, highlighting leading vendors and their innovative profiles. These include 21food.com, A&B Ingredients, Inc., Agridient B.V., Agridient Inc., AGT Food and Ingredients Inc., American Key Food Products LLC, Aminola B.V., Axiom Foods, Inc., Barentz International B.V., Barentz International BV, Bioway (Xi'An) Organic Ingredients Co.,Ltd., Birkamidon Rohstoffhandels GmbH, Codrico Rotterdam B.V., Cosucra, Dakota Ingredients, Devson Impex Private Limited, Dutch Ingredient Company B.V., Ebro Foods, S.A., Flottweg SE, Foodchem International Corporation, Foodcom S.A., Gillco Ingredients, Hangzhou Pekhill Foods Co., Ltd., Healy Group, Ingredion Incorporated, Jiujiang Tiantai Food Co., Ltd., Laybio, Leroma GmbH, Makendi WorldWide, Meelunie B.V., Nutraonly (Xi'an) Nutritions Inc., NutriPea LP, P&H Milling, Inc., Prinova Group LLC, PURIS, Qingdao Opal Industrial Co., Ltd., Roquette America Inc., Roquette Frères S.A., Royal Ingredients Group B.V., Sanstar Bio - Polymers Ltd., Savour of Asia, Shandong Jianyuan Group, Stauber Performance Ingredients, Inc., STDM Food and Beverages Private Limited, The BakeRite Company, The Scoular Company, Vestkorn by Koninklijke DSM N.V., Voleba, and Yantai Shuangta Food Co., Ltd..
Market Segmentation & CoverageThis research report categorizes the Pea Starch Market to forecast the revenues and analyze trends in each of the following sub-markets:Source
Inorganic
Organic
Grade
Feed
Food
Industrial
Application
Gelling
Texturizing
Thickening & Binding
End User
Food Processing Industry
Pet Food Industry
Pharmaceutical Industry
Skin Care Industry
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:1. What is the market size and forecast of the Pea Starch Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Pea Starch Market?
3. What are the technology trends and regulatory frameworks in the Pea Starch Market?
4. What is the market share of the leading vendors in the Pea Starch Market?
5. Which modes and strategic moves are suitable for entering the Pea Starch Market?
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