Pea Starch Market 2022-2028

Description

List of Tables

Title:Global Pea Starch Market Size, Share & Trends Analysis Report by Function (Binding & Thickening, Gelling, Texturizing, and Film Forming), by Source(Organic and Conventional), and by Application (Food & Beverages, Animal Feed and Pet Food, Clinical Nutrition and Cosmetics) Forecast Period (2022-2028).

The global pea starch market is anticipated to grow at a substantial CAGR of 7.3 % during the forecast period. The increasing demand for lactose-free products is increasing the growth of the pea starch market across the globe. Lactose intolerance is usually caused by a deficiency of an enzyme in the body called lactase. Symptoms of lactose include constipation, gas, nausea, bloating, diarrhea, stomach pain, vomiting, and others, due to which consumers are preferring lactose-free products such as pea proteins, starch, and others. According to the National Institute Of Health (NIH), around 68% of the total global population has lactose malabsorption. Hence, consumers tend to prefer lactose-free products including pea starch which contribute to the growth of the pea starch market.

The global pea starch market is segmented based on function, source and application. Based on the function, the market is sub-segmented into binding & thickening, gelling, texturizing, and film-forming. Based on source the market is segmented into organic and conventional. Based on the application, the market is sub-segmented into food & beverages, animal feed and pet food, clinical nutrition and cosmetics. Based on function the binding & thickening segment is expected to hold a significant share the market as pea starch is used as a thickening agent in numerous food uses such as sauces, creams, meats, and others. Pea starch contains a high amount of amylose which provides the pea starch a thickening property.

The global pea starch market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is anticipated to hold a significant share in the market during the forecast period. The increasing consumption of processed meat in the region is supporting the pea starch market growth across the region. According to North American Meat Institute (NAMI), around 87% of Americans consumes processed meat such as hot dogs, ham, sausage, and bacon make up. Pea starch is an efficient solution for decreasing the cost ans increasing the quality of the meat products. Thus, various packaged meat producers are using pea starch as a necessary ingredient for their products.

The major companies serving the global pea starch market include American Key Products, Inc., Cargill Inc., Emsland-Starke limited liability company, Ingredion Inc., Sanstar Bio - Polymers Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2020 Ingredion Inc. acquired 100% ownership in joint venture Verdient Foods Inc., this acquisition will help the former company to provide the increasing customers to demand for plant-based foods and proteins, starch and other related products.

Research Methodology

The market study of the global pea starch market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Pea Starch Market Research and Analysis by Function
Global Pea Starch Market Research and Analysis by Source
Global Pea Starch Market Research and Analysis by Application.

The Report Covers:

Comprehensive research methodology of the global pea starch market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global pea starch market.
Insights about market determinants that are stimulating the global pea starch market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026695

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Pea Starch Market
Recovery Scenario of Global Pea Starch Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. American Key Products, Inc.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Cargill Inc.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Emsland-Starke limited liability company
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Ingredion Inc.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Sanstar Bio - Polymers Ltd.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Pea Starch Market by Function
- 4.1.1. Binding & Thickening
- 4.1.2. Gelling
- 4.1.3. Texturizing
- 4.1.4. Film Forming
- 4.1.5. Others
4.2. Global Pea Starch Market by Source
- 4.2.1. Organic
- 4.2.2. Conventional
4.3. Global Pea Starch Market by Application
- 4.3.1. Food & beverages
  - 4.3.1.1. Bakery Products
  - 4.3.1.2. Soups and Sauces
  - 4.3.1.3. Snacks and Cereals
  - 4.3.1.4. Meat and Meat Products
  - 4.3.1.5. Dairy
  - 4.3.1.6. Others
- 4.3.2. Animal Feed and Pet Food
- 4.3.3. Clinical Nutrition and Cosmetics

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Axiom Foods Inc.
6.2. Vestkorn Milling AS Kvernveien
6.3. COSUCRA - GROUPE WARCOING
6.4. Felleskjoet Rogaland Agder (FKRA)
6.5. Meelunie
6.6. PURIS
6.7. Roquette Freres
6.8. The Scoular Co.
6.9. YANTAI SHUANGTA FOOD CO.,LTD.s