The Europe Pea Derivatives Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
Pea protein concentrate and isolate are also produced using a variety of extraction processes, including salt extraction, wet fractionation, dry fractionation, and mild fractionation. In addition to being a biodegradable natural polymer and food emulsifier, pea protein can also be employed in meat, dairy, and cereal products. The gluten-free substitute for wheat flour in bakery products is pea starch. Since more people are identified as having gluten intolerance or celiac disease, gluten-free bakery goods are gaining popularity. Pea starch can be used as a binder or thickening in bread goods, offering a healthy substitute for artificial additions.
The creation of many food products, particularly confectionery, dairy, pasta, snacks, soups & sauces, noodles, meat, poultry, and seafood, as well as potato products, bakery goods, and coating, frequently uses high-grade pea starch. Owing to its qualities as a binding and thickening agent, a gelling agent, a texture regulator for water and food-based products, and expansion control. In the food business, clean labeling, and as a primary ingredient in biodegradable packaging, pea starch is widely used as a gelatin substitute for desserts and soups.
The pet food sector in Germany has experienced rapid growth. Pet owners in Germany are also worried about the diet and health of their pets. Therefore, the increased demand for high-quality pet food drives growth in the local pea starch sector. Similarly, the UK's Gen Z, as well as millennial consumer bases, are the market's main drivers of growth. Since they have learned more about the health benefits of ingesting organic products, this target customer in the UK has started to choose organic food products. As a result, the major food product manufacturers started offering organic versions of their goods for sale. Thus, there is a rising need for organic pea starch.
The Germany market dominated the Europe Pea Derivatives Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $344.8 million by 2028. The UK market is anticipated to grow at a CAGR of 9.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11% during (2022 - 2028).
Based on Application, the market is segmented into Meat Substitutes, Bakery Goods, Dietary Supplements, Beverages, and Others. Based on Type, the market is segmented into Pea Protein (EIsolates, Concentrates, Textured and Hydrolysate), Pea Starch, Pea Fiber and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Pea Derivatives Market is Projected to reach USD 5 Billion by 2028, at a CAGR of 10.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include International Flavors & Fragrances, Inc., Roquette Freres SA, PURIS, NutriPea LP (G.S. Dunn Dry Mustard Millers), The Scoular Company, Fenchem Biotek Ltd., The Green Labs LLC, COSUCRA Groupe Warcoing S.A., Burcon NutraScience Corporation, and Sotexpro (GEMEF Industries).
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