The global pea starch market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The rising demand for gluten-free products and pea fibers is contributing to the growth of the pea starch market across the globe. Gluten is a protein found in wheat, barley, and rye, many people are gluten intolerant as it causes medical issues such as diarrhea, fatigue, osteoporosis, bloating, and others. According to the data released by the Gluten Intolerance Group, in 2020, around 1 in 100 individuals globally, and over 3 million people in the US are gluten intolerant, which has accelerated the demand for pea starch across the globe. The pea starch is gluten-free which is safe to use for patients with gluten-related disorders such as celiac and others. Additionally, compared to gluten products, pea starch products are also easy to digest and are light on the stomach.
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Resultantly, several food product manufacturers are inclined towards adopting various strategic initiatives such as innovated product launches and others catering to fulfill the rising demand for gluten-free starch products. For instance, in February 2021, AKFP (American Key Food Products) launched organic native tapioca starch that is certified gluten-free and paleo- and vegan-friendly. The product has been derived from the root of the cassava plant, the non-modified pea starch. It is equally effective as a thickener, filler, binder and stabilizer in baked foods, extruded snacks, frozen food, dry mixes, soups, sauces and gravies.
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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
Global Pea Starch Market Report Segment
By Function
- Binding & Thickening
- Gelling
- Texturizing
- Film Forming
By Source
- Organic
- Conventional
By Application
- Food & Beverages
- Animal Feed and Pet Food
- Clinical Nutrition and Cosmetics
Global Pea Starch Market Report Segment by Region
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
- Latin America
- Middle East & Africa
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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