Published Date: 21-Feb-2023
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According to a new report, published by KBV research, The Global Pea Starch Market size is expected to reach $222.5 million by 2028, rising at a market growth of 6.1% CAGR during the forecast period.
The Organic market is exhibiting a CAGR of 8.5% during (2022 - 2028). The segment's growth is attributed to consumers' growing health concerns, which has raised the demand for organic pea starch. Additionally, customers are expected to be increasingly prepared to pay higher costs for organic food products because organic pea starch is linked to healthful and nourishing qualities.
The Food market is leading the segment in the Global Pea Starch Market by Grade in 2021; thereby, achieving a market value of $112.4 million by 2028. Pea starch is a great ingredient for baked goods and canned foods since it aids in supplying stability throughout the preparation of food products. It also provides a thickening effect that aids in enhancing food products' consistency. Pea starch is a superior gelling agent as well.
The Modified market is registering a CAGR of 7.1% during (2022 - 2028). In terms of compatibility, modified starch performs well as it exhibits low retrogradation rates, a pasty gelation propensity, and shrinkage. The food business, therefore, favors modified starch and hence accelerate the expansion of the segment.
The Binding & Thickening market is generating high revenue in the Global Pea Starch Market by Function in 2021; thereby, achieving a market value of $93.1 million by 2028. Pea starch is widely used as a binding and thickening agent in the culinary, cosmetics, and pharmaceutical industries. Pea starch is able to form a rigid and sliceable gel, which increases its utilization in the emulsified meat products along with vegetarian products.
The Industrial market is showcasing a CAGR of 5.8% during (2022 - 2028). During the anticipated period, a rise in the consumption of pea starch across various industrial applications is expected to propel segment expansion. This is because it is perfect for pharmaceutical use and nutraceuticals for filmmaking as well as coating capsules & tablets due to its thickening, gelling, and texturizing capabilities.
The Asia Pacific market dominated the Global Pea Starch Market by Region in 2021; thereby, achieving a market value of $83.9 million by 2028. The Europe market is anticipated to grow at a CAGR of 5.7% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 5.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/pea-starch-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ingredion Incorporated, Roquette Freres SA, Emsland Group, Dakota Dry Bean, Inc., The Scoular Company, Axiom Foods, Inc., Yantai Shuangta Food co., LTD, PURIS, NutriPea LP and Organicway Inc.
By Product Type
Unique Offerings from KBV Research
North America Pea Starch Market Future Scope & Opportunities 2022-2028
Europe Pea Starch Market Size & Growth Forecast 2022-2028
Asia Pacific Pea Starch Market Size, Share & Industry Outlook to 2028
LAMEA Pea Starch Market Growth, Trends & Forecasts 2022-2028