Market Leaders: Emsland Group (Germany), Ingredion (US), Roquette Freres (France), Vestkorn (Norway), and Axiom Foods (US) are Increasing their Respective Market Shares Steadily through Deals in Pea Starch Market
The global pea starch market is projected to reach USD 211 million by 2027 and 156 million by 2022, growing at a CAGR of 6.2% from 2022 to 2027. The increase in consumption of pea starch, especially in developing countries due to rising disposable income, changing consumer preferences, fast-paced lifestyles, and rising health consciousness among consumers are the key factors contributing to the growth of the market.
The key players in the pea starch market include Emsland Group (Germany), Ingredion (US), Roquette Freres (France), Vestkorn (Norway), and Axiom Foods among others. The key strategies the leading market players have adopted recently include product launches and agreements to maintain their position in the market. In October 2022, Roquette Freres (France) a manufacturer of plant-based ingredients, launched organic pea starch to meet the consumer demand for organic products. These ingredients are manufactured by sourcing raw materials from organic pea growers and produces in its plant in Canada. In September 2019, Axiom Foods made an agreement with Brenntag Food and Nutrition (Germany), a global supplier of food ingredients, to distribute plant-based products such as rice proteins, pea proteins, and pea starch in Europe, the Middle East, and Africa. This helped the company grow in the plant-based food industry and expand its market reach in the EMEA region.
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Ingredion is a leading provider of ingredient solutions to various industries such as food, beverage, brewing, health & nutrition, personal care, animal nutrition, and pharmaceutical. It offers pea starch products through its food ingredient solutions and animal nutrition ingredient segments. The company is increasing its market share in the pea starch market through product launches, agreements, and expansion. In March 2021, Ingredion launched a new pea starch product “PURITY P 1002” to strengthen the existing portfolio. This product can be used for various food applications such as baked goods, noodles, snacks, confectionery products, and others. The new launch enables food and beverage manufacturers to innovate plant-based products. In September 2021, Ingredion made a strategic distribution agreement with Batory foods, (US) a distributor of plant-based ingredients, to deliver ingredients to food and beverage manufacturers for developing and bringing innovative products to the market. The agreement helped Ingredion to strengthen its market presence and cater to the growing demand for pea starch products in the region. The company serves its customers in more than 120 countries and has more than 30 innovation centers. Ingredion operates through processing and manufacturing facilities across North America, South America, Asia Pacific, Europe, the Middle East, and Africa.
Roquette Freres is a French-based leading manufacturer of plant-based ingredients and proteins. Its product offerings include starches & protein, physically & chemically modified starch, hydrolyzed & isomerized products, hydrogenated products, and fermentation process derivatives & fine chemicals. The pea starch products are offered through three segments such as pharma & nutraceuticals, cosmetics, and food & nutrition. The company has increased its market share in pea starch category through product launches. In December 2019, Roquette Freres launched Pea starch LN30 for different nutrition applications. It is available in powder and bar format, with a unique property of an enhanced digestibility profile. The product has applications in different nutritional supplements for consumers suffering from different lifestyle diseases. In April 2019, Roquette Freres launched ‘Beaute by Roquette ST 720’, a new pea starch for the cosmetics market. This launch helped strengthen the pea starch product portfolio of the company.
Related Reports:
Pea Starch Market by Source (Organic and Inorganic), Grade (Food, Feed, and Industrial), Product Type (Native and Modified), Application (Food & Beverages, Industrial, Pet Food, and Feed), Function and Region - Global Forecast 2027
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