Pea Starch Market by Source, Grade, Application, End User

List of Tables

The Pea Starch Market was valued at USD 295.38 million in 2023, expected to reach USD 317.00 million in 2024, and is projected to grow at a CAGR of 7.69%, to USD 496.46 million by 2030.

Pea starch, derived from yellow peas, serves as a versatile ingredient in various industries due to its unique characteristics such as high amylose content, excellent gelling properties, and gluten-free nature. The necessity for pea starch arises from the increasing demand for plant-based and clean-label ingredients in food, pharmaceuticals, and cosmetics. Its application scope encompasses the food industry, where it's used as a thickener, stabilizer, and gelling agent. Additionally, it finds applications in pet food, pharmaceuticals, and in the production of biodegradable plastics, reflecting its diverse end-use scope. The market for pea starch is influenced by the growing consumer inclination toward natural and healthy products, the expanding vegan population, and the gluten-intolerant segment. Increased investments in research and development (R&D) to amplify the use of pea starch in new formulations and processes are creating potential opportunities for innovation, particularly in the clean-label and plant-based product segments. Market participants should focus on expanding their product portfolios and enhancing supply chain efficiencies to capitalize on these opportunities. However, the market faces limitations such as the fluctuation in raw material supply due to climate conditions and competition from other starch sources like corn and potato. Moreover, limited consumer awareness in certain regions about the advantages of pea starch could hinder its market penetration. Innovations in production methods to increase yield and reduce environmental impact, alongside new functional applications in both food and industrial domains, stand as promising areas for business growth. The pea starch market is moderately fragmented, with both large and small players aiming to leverage technological advancements and strategic partnerships to gain a competitive edge. Overall, businesses should invest in consumer education and sustainable sourcing practices to overcome challenges and align with evolving market trends.

KEY MARKET STATISTICS
Base Year [2023]	USD 295.38 million
Estimated Year [2024]	USD 317.00 million
Forecast Year [2030]	USD 496.46 million
CAGR (%)	7.69%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Pea Starch Market

The Pea Starch Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rapid increase in demand for gluten-free food products owing to rising prevalence of celiac disease
- Extensive demand for processed food creating momentum for pea starch ingredients
- Increased consumer inclination toward natural ingredient based products
Market Restraints
- Effect of retrogradation on the functional properties of pea starch
Market Opportunities
- Focused efforts toward R&D and innovations in the pea starch
- Rising spending on pet food and awareness for pet nutrition based on pea starch
Market Challenges
- Stringent food safety standards and availability of pea starch substitute

Porter's Five Forces: A Strategic Tool for Navigating the Pea Starch Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Pea Starch Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Pea Starch Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Pea Starch Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Pea Starch Market

A detailed market share analysis in the Pea Starch Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Pea Starch Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Pea Starch Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Pea Starch Market

A strategic analysis of the Pea Starch Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Pea Starch Market, highlighting leading vendors and their innovative profiles. These include 21food.com, A&B Ingredients, Inc., Agridient B.V., Agridient Inc., AGT Food and Ingredients Inc., American Key Food Products LLC, Aminola B.V., Axiom Foods, Inc., Barentz International B.V., Barentz International BV, Bioway (Xi'An) Organic Ingredients Co.,Ltd., Birkamidon Rohstoffhandels GmbH, Codrico Rotterdam B.V., Cosucra, Dakota Ingredients, Devson Impex Private Limited, Dutch Ingredient Company B.V., Ebro Foods, S.A., Flottweg SE, Foodchem International Corporation, Foodcom S.A., Gillco Ingredients, Hangzhou Pekhill Foods Co., Ltd., Healy Group, Ingredion Incorporated, Jiujiang Tiantai Food Co., Ltd., Laybio, Leroma GmbH, Makendi WorldWide, Meelunie B.V., Nutraonly (Xi'an) Nutritions Inc., NutriPea LP, P&H Milling, Inc., Prinova Group LLC, PURIS, Qingdao Opal Industrial Co., Ltd., Roquette America Inc., Roquette Freres S.A., Royal Ingredients Group B.V., Sanstar Bio - Polymers Ltd., Savour of Asia, Shandong Jianyuan Group, Stauber Performance Ingredients, Inc., STDM Food and Beverages Private Limited, The BakeRite Company, The Scoular Company, Vestkorn by Koninklijke DSM N.V., Voleba, and Yantai Shuangta Food Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Pea Starch Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Source, market is studied across Inorganic and Organic.
Based on Grade, market is studied across Feed, Food, and Industrial.
Based on Application, market is studied across Gelling, Texturizing, and Thickening & Binding.
Based on End User, market is studied across Food Processing Industry, Pet Food Industry, Pharmaceutical Industry, and Skin Care Industry.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-030EE48515A8

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rapid increase in demand for gluten-free food products owing to rising prevalence of celiac disease
  - 5.1.1.2. Extensive demand for processed food creating momentum for pea starch ingredients
  - 5.1.1.3. Increased consumer inclination toward natural ingredient based products
- 5.1.2. Restraints
  - 5.1.2.1. Effect of retrogradation on the functional properties of pea starch
- 5.1.3. Opportunities
  - 5.1.3.1. Focused efforts toward R&D and innovations in the pea starch
  - 5.1.3.2. Rising spending on pet food and awareness for pet nutrition based on pea starch
- 5.1.4. Challenges
  - 5.1.4.1. Stringent food safety standards and availability of pea starch substitute
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Pea Starch Market, by Source

6.1. Introduction
6.2. Inorganic
6.3. Organic

7. Pea Starch Market, by Grade

7.1. Introduction
7.2. Feed
7.3. Food
7.4. Industrial

8. Pea Starch Market, by Application

8.1. Introduction
8.2. Gelling
8.3. Texturizing
8.4. Thickening & Binding

9. Pea Starch Market, by End User

9.1. Introduction
9.2. Food Processing Industry
9.3. Pet Food Industry
9.4. Pharmaceutical Industry
9.5. Skin Care Industry

10. Americas Pea Starch Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Pea Starch Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Pea Starch Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Roquette launches new line of organic pea ingredients - FFOODS Spectrum - Unleashing the Power of Food Science & Technology
- 13.3.2. AGT forms pea partnership
- 13.3.3. BENEO to Acquire Meatless BV, Supplier of Textured Pea, Fava, Wheat Proteins
- 13.3.4. PURIS Announces Upcycled Certified(TM) Pea Starch: Minimizing Waste, Maximizing the Pea
- 13.3.5. Key investments into pea and lupin research and processing
- 13.3.6. DSM to acquire Norwegian producer of pea derived protein, starch and fiber
- 13.3.7. Ingredion adds new plant-protein products
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. 21food.com
2. A&B Ingredients, Inc.
3. Agridient B.V.
4. Agridient Inc.
5. AGT Food and Ingredients Inc.
6. American Key Food Products LLC
7. Aminola B.V.
8. Axiom Foods, Inc.
9. Barentz International B.V.
10. Barentz International BV
11. Bioway (Xi'An) Organic Ingredients Co.,Ltd.
12. Birkamidon Rohstoffhandels GmbH
13. Codrico Rotterdam B.V.
14. Cosucra
15. Dakota Ingredients
16. Devson Impex Private Limited
17. Dutch Ingredient Company B.V.
18. Ebro Foods, S.A.
19. Flottweg SE
20. Foodchem International Corporation
21. Foodcom S.A.
22. Gillco Ingredients
23. Hangzhou Pekhill Foods Co., Ltd.
24. Healy Group
25. Ingredion Incorporated
26. Jiujiang Tiantai Food Co., Ltd.
27. Laybio
28. Leroma GmbH
29. Makendi WorldWide
30. Meelunie B.V.
31. Nutraonly (Xi'an) Nutritions Inc.
32. NutriPea LP
33. P&H Milling, Inc.
34. Prinova Group LLC
35. PURIS
36. Qingdao Opal Industrial Co., Ltd.
37. Roquette America Inc.
38. Roquette Freres S.A.
39. Royal Ingredients Group B.V.
40. Sanstar Bio - Polymers Ltd.
41. Savour of Asia
42. Shandong Jianyuan Group
43. Stauber Performance Ingredients, Inc.
44. STDM Food and Beverages Private Limited
45. The BakeRite Company
46. The Scoular Company
47. Vestkorn by Koninklijke DSM N.V.
48. Voleba
49. Yantai Shuangta Food Co., Ltd.