Europe Pea Starch Market Report and Forecast 2023-2028

Europe Pea Starch Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Europe pea starch market is projected to grow at a CAGR of 7.9% between 2023 and 2028 to reach a value of USD 33.88 million by 2028. Aided by the increasing demand for gluten-free food products and the rising demand for organic materials, the market is expected to grow significantly by 2028.

Pea starch, a natural carbohydrate derived from peas, is frequently employed as a food ingredient in a variety of items such as bakery products, pasta, and meat products. It serves as an important source of energy and facilitates bodily functions such as digestion and blood clotting. In addition to its nutritional benefits, pea starch exhibits superior gelling, thickening, and texturing properties, making it a versatile ingredient in numerous industrial applications, including pharmaceuticals, animal feed, and textiles.

The growing consumer preference for gluten-free food products is a significant driving force behind the Europe pea starch market growth. The increasing awareness about the health benefits of gluten-free diets, such as weight management and improved digestive health, has led to a notable shift towards gluten-free products, resulting in a heightened demand for pea starch-based products. Furthermore, the burgeoning trend of health consciousness and fitness has contributed to the soaring popularity of pea starch, given its high nutritional value and versatility.

The wide-ranging applications of pea starch across various industries also play a critical role in boosting the Europe pea starch market expansion. In the pharmaceutical industry, pea starch is used as a disintegrant and binder in tablet and capsule production. The textile industry employs pea starch for its sizing properties, which are crucial in strengthening yarn for weaving. Moreover, the adhesive properties of pea starch make it a fundamental component in the manufacturing of eco-friendly adhesives.

Moreover, the increasing demand for plant-based alternatives in the food and beverage industry has led to a heightened focus on pea starch as a suitable ingredient for vegan products. With the surge of veganism and the growing popularity of plant-based diets, pea starch has emerged as a key ingredient in the development of gluten-free bakery products, meat substitutes, and other alternatives, thereby fuelling the Europe pea starch market expansion.

Furthermore, the escalating focus on sustainability and environmental preservation has triggered a shift towards natural and eco-friendly ingredients like pea starch. As an organic and biodegradable product, pea starch aligns with the growing consumer demand for environmentally friendly and sustainable products, which is another key driver for Europe pea starch market development.

Market Segmentation

The market can be divided based on type, application, and country.

Market Breakup by Type

• Native
• Modified
• Others

Market Breakup by Application

• Food
• Bakery and Confectionery Products
• Dairy Products
• Sauces and Soups
• Meat, Poultry, and Seafood
• Others
• Feed
• Industrial

Market Breakup by Country

• Germany
• United Kingdom
• France
• Italy
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Europe pea starch companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Emsland Group
• Cosucra Groupe Warcoing SA
• Roquette Frères
• Royal Ingredients Group B.V.
• AGT Food Europe
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.