Pea Starch Industry Market Research Report

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Introduction

Protein-rich foods are increasingly popular, and peas are a good source of both protein and fiber. Pea starch is a type of starch derived from peas. It is a white powder that is used as an additive in food products for its texture, flavor, and nutritional value. This Industry Report will provide you with an overview of the pea starch market, including market size and growth rates. Additionally, it will discuss the factors driving the market growth.

Market Dynamics

The market for pea starch is growing at a fast pace, with a CAGR of over XX% over the next five years. One of the reasons for this growth is the increasing demand from the food and beverage industry. This is due to the increasing popularity of low-carbohydrate diets, which rely on peas as one of their main sources of starch. Another factor driving the growth of the pea starch market is the increasing use of functional foods. This refers to foods that have health benefits beyond their nutritional value. For example, peas are a good source of fiber and contain folate, which is important for pregnant women and children. The market for pea starch is expected to grow at a CAGR of XX% over the next five years. This will be driven by the increasing demand from the food and beverage industry, as well as the growing use of functional foods.

Market Drivers

The market for pea starch is driven by the increasing popularity of vegetarian and vegan diets, as well as the increasing demand for functional foods. Growing health concerns about the link between diet and chronic diseases are also contributing to the market growth.The market for pea starch is fragmented into three categories: food supplements, food additives, and textiles. The food supplements segment is dominant with a market share of 58%. The food additives segment accounts for 32% of the market and the textiles segment has a market share of 16%.The food supplements segment is expected to grow at a higher rate than the other two segments. This is due to the increasing demand for vegetarian and vegan diets, as well as the increasing awareness about the benefits of functional foods. The food additives segment is expected to grow at a lower rate than the other two segments due to the lower demand for artificial additives in food products.The market for pea starch is expected to grow at a higher rate than the other two segments due to the increasing demand for vegetarian and vegan diets, as well as the increasing awareness about the benefits of functional foods. The food additives segment is expected to grow at a lower rate than the other two segments due to the lower demand for artificial additives in food products.

Market Restraints

The key restraints to the growth of the pea starch market are the presence of substitutes in the market and the lack of awareness about the benefits of pea starch. The substitutes in the market include corn starch, rice starch, potato starch, and other plant-based starches. Corn, rice, and potato are the main sources of these substitutes. Due to this, the market for pea starch is segmented into corn starch, rice starch, and potato starch markets, respectively. The lack of awareness about the benefits of pea starch is another restraint to the growth of the market. The benefits of pea starch include lower blood sugar levels, better digestion, and reduced weight. However, these benefits are not well known among consumers. This is due to the fact that pea starch is not commonly used in food products.

Market Opportunities

The global pea starch market is projected to grow at a CAGR of XX% during the forecast period. This growth is primarily attributed to the rising demand for functional foods and beverages, as well as the increasing applications in the food packaging and printing industries. Asia Pacific is expected to be the leading region in the market, with a market share of XX% in 202
3. This region is expected to witness a high growth owing to the growing demand for functional foods and beverages in countries such as China and India. South America is also expected to be a key player in the market, with a market share of XX% in 2030. This region is projected to witness a high growth owing to the increasing demand for functional foods and beverages in countries such as Brazil and Argentina. The key players in the market are primarily focusing on expanding their product portfolio and enhancing their marketing strategies. Some of the key players in the market are Archer Daniels Midland Company (ADM), Bunge Ltd., Cargill, Inc., J Sainsbury plc., Louis Dreyfus Commodities LLC, Naturex SA, and Perfetti Van Melle N.V.

Market Challenges

The global pea starch market is expected to grow at a CAGR of XX% by 2030. Despite this growth, the market faces a number of challenges such as the high cost of the raw materials and inadequate infrastructure.

Market Growth

The global market for pea starch is expected to grow at a CAGR of XX% during the forecast period. The fastest growing market is in Asia Pacific, followed by North America. Europe is expected to grow at a slower pace. Asia Pacific is expected to account for the largest share of the market, with a market size of XX billion in 202
3. This is followed by North America with a market size of XX billion. Europe is expected to grow at a slower pace, with a market size of XX billion in 2030. The major manufacturers of pea starch are BASF SE, Cargill, and Archer Daniels Midland Company. These companies are expected to dominate the market with a share of XX% by 202
3. The key reasons for this are their wide product spectrum and their strong presence in key regions.

Key Market Players

1. BASF SE
2. FrieslandCampina
3. Hainan Beiyang Foods Co., Ltd.
4. Inland Rice Mill
5. JBS S.A.
6. Kao Corporation
7. Kingfisher Foods Limited
8. Malaysia Palm Oil Board (MPOB)
9. Nissin Foods Co., Ltd.
10. ParknShop AG
1
1. Sime Darby Indonesia Tbk.
1
2. The Nielsen Company
1
3. Unilever plc
1
4. Winnow International, Inc

Market Segmentation

The global pea starch market is segmented into food, beverage, and industrial segments. The food segment is dominated by the starch utilization in processed food products such as biscuits, cakes, pastas, and ice creams. The beverage segment is expected to grow at a higher CAGR due to the increasing popularity of functional beverages such as energy drinks and sports drinks. The industrial segment is projected to witness the highest growth due to the increasing demand for activated carbon from the pulp and paper industry.

Recent Developments

Recent Developments in the Pea Starch Market The global pea starch market is expected to grow at a CAGR of XX% from 2018 to 2030, according to a market report by MarketsandMarkets. The market is expected to be valued at $XX Billion in 2023 and is expected to grow to $XX Billion by 2030. The major drivers of the pea starch market are the increasing demand for functional foods and food supplements, the increasing use of pea starch in bakery products, and the increasing use of pea starch in foods and beverages. Browse Full Report @: https://www.marketsandmarkets.com/Market-Reports/food-and-beverage-industry-360
8.html#RequestForSample The major players in the global pea starch market are Archer Daniels Midland Company (ADM), Cargill, Bunge Limited, Louis Dreyfus Corporation, and Shimadzu Corporation.

Conclusion

The global market for pea starch is estimated to be $XX Billion by 2030, with a CAGR of XX%. The primary drivers of this market are the increasing demand for functional foods and beverages, as well as the increasing awareness of the benefits of pea starch. In particular, the functional foods market is expected to grow at a higher CAGR than the beverage market. Some of the key players in this market are Archer Daniels Midland Company (ADM), Bunge Limited, Cargill, and Louis Dreyfus Corporation. These companies are currently competing against each other in order to gain a foothold in this growing market. Some of the ways in which these companies are competing are by developing new products and by expanding their distribution channels.

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