PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1404048
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1404048
Global Pea Starch Market will register a 20% CAGR from 2023 to 2032, attributed to a surge in demand for clean-label products and a heightened emphasis on sustainable, eco-friendly solutions. Consumers' growing preference for natural ingredients aligns with pea starch's clean and plant-based profile, fostering the widespread adoption of pea starch across diverse industries. As the market continues to evolve, the confluence of clean-label trends and sustainability priorities will position pea starch as a key ingredient, contributing significantly to market expansion.
Companies are diversifying their product portfolios, adopting sustainability practices, and broadening their offerings to align with evolving consumer preferences and environmental consciousness. This strategic shift reflects a commitment to responsible business practices, thus bolstering the market presence. For instance, in 2022, Roquette, a prominent player in plant-based ingredients and an innovator in plant proteins, introduced a fresh range of organic pea components featuring organic pea starch and organic pea protein.
The pea starch industry is segmented based on product, end user, and region.
The feed grade segment will garner significant gains between 2023 and 2032, driven by a rising awareness of its nutritional advantages in livestock and pet nutrition. As farmers and pet owners seek sustainable and plant-based alternatives, pea starch will emerge as a preferred choice. Its inclusion in animal feed formulations addresses both environmental concerns and the growing demand for healthier, natural feed options. This shift towards feed-grade applications will underscore the sector's increasing recognition of pea starch as a valuable nutritional component in the feed industry.
The animal feed segment will achieve a remarkable pea starch market share by 2032, propelled by a surge in demand for sustainable and nutritionally balanced feed options. As farmers and pet owners prioritize healthier alternatives, pea starch gains prominence for its natural composition. Recognized for its nutritional benefits, it aligns with the growing emphasis on quality animal nutrition. The segment's prominence reflects a market shift towards prioritizing plant-based ingredients, indicating a pivotal role for pea starch in meeting the evolving demands of the animal feed industry.
Asia-Pacific pea starch industry will grow at a noteworthy CAGR from 2023 to 2032 due to its expanding population and rising consumer awareness of health benefits. A burgeoning demand for clean-label and plant-based products is steering the region towards pea starch, which aligns with the increasing preference for natural ingredients. Factors such as a robust agricultural landscape and growing food processing industries further contribute to the region's prominence in the pea starch market, positioning it as a major contributor to the industry growth and development.