The global pea starch market is anticipated to grow at a significant CAGR of 7.3% during the forecast period. The growing demand from the food industry is supporting the pea starch market across the globe. Pea starch is used in the food industry for various applications such as bakery, sauces, dairy, pasta, soups, noodles, and meat products with noodles. Properties such as thickening, low solubility texture, low water binding, and gelling properties increase the demand from the food industries for pea starch. Factors such as the increasing consumption of packaged foods such as pasta, sauces, and noodles are increasing the demand for pea starch across the globe. According to the World Instant Noodles Association (WINA), China is one of the largest countries in demand for instant noodles with around 43.99 billion servings followed by Indonesia, Vietnam, and India, which show an upward trend in the pea starch market.
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COVID-19 impacted most industries due to the closure of international borders and stringent guidelines from the governments. Due to the pandemic, the government imposed many restrictions and lockdown regulations which severely impacted many businesses. It also had a huge impact on the food supply chain in all regions including Asia-Pacific, North America, Europe, and others, due to a rapid decline in import-export of legumes such as peas which affected the market. After the pandemic, the market has started working normally as before and it is expected that the market will continue to grow in the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Pea Starch Market by Function
- Binding & Thickening
- Gelling
- Texturizing
- Film Forming
- Others
Global Pea Starch Market by Source
- Organic
- Conventional
Global Pea Starch Market by Application
- Food & beverages
- Bakery Products
- Soups and Sauces
- Snacks and Cereals
- Meat and Meat Products
- Dairy
- Others
- Animal Feed and Pet Food
- Clinical Nutrition and Cosmetics
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Axiom Foods Inc.
- Vestkorn Milling AS Kvernveien
- COSUCRA – GROUPE WARCOING
- Felleskjøpet Rogaland Agder (FKRA)
- Meelunie
- PURIS
- Roquette Frères
- The Scoular Co.
- YANTAI SHUANGTA FOOD CO.,LTD.s
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pea starch market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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