Pea Starch Market

Market Leaders - Pea Starch Market

The global pea starch market is valued at USD 143 million in 2021 and is projected to reach nearly USD 203 million by 2026, growing at a CAGR of 7.2%. The market for pea starch is segmented on the basis of grade, application, functioning, source and product type. On the basis of different grade the market has been segmented into food, feed and industrial segment. By different application the market of pea starch market has been segmented into food & beverages, industrial, pet food and feed. Food & beverages segment is further segmented into snacks & savory products, soups & sauces, meat & poultry products, confectionery products bakery products and dairy products. The industrial segment is further segmented into pharmaceuticals, textiles, cosmetics, paper and other industrial application. Pet food segment is further bifurcated into dog food, cat food, ornamental birds & fish food and other pet food. Feed segment is further segmented into swine, poultry, ruminants and other feed applications. By source, the market has been segmented into organic and inorganic source. By different function the market has been segmented into binding & thickening, gelling, texturizing, film forming among others. By different product type the market has been segmented into modified and native. Modified starch segment is further segregated into pregelatinized, maltodextrins, cationic pea starch and others.

The key players for the pea starch market include Emsland Group (Germany), Coscura Groupe Warcoing SA (Belgium), Roquette Freres (France), Vestkorn Milling AS (Norway), Ingredion Incorporated (United States), Axiom Foods Inc. (United States) among others.

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Major players in the market are mainly focusing on upon rapid investments in the developing economies to grab a greater number of customers in the coming years. Further, the companies are also focusing upon a strategic partnership with the food & beverage manufacturers, feed manufacturers, pet food manufacturers to promote the awareness regarding the benefits of pea starch as ingredient used for different applications.

The core strength of the key players identified in this market is their growth strategies such as new product launches, certifications, and expansions among others. Undertaking new product launches and expansions have enabled the market players to enhance their presence in the pea starch market. Some of the key strategies followed by the key players are mentioned below:

Coscura Groupe Warcoing SA is keen on focussing a strong geographical reach and well-organized global markets across the world. The company has adopted strategies such as expansions and made investments to establish its presence in the pea starch market. Further, it is focusing on continuous expansion in developed markets such as North America. The company is in partnership with more than 2,000 manufacturers in the food industry for chicory and pea-derived ingredients worldwide.

Roquette Freres is focusing on establishing new manufacturing facilities to produce pea-derived ingredients such as pea starch and pea protein to meet the growing demand for plant-based and vegetal ingredients worldwide. The company also focuses on developing new products related to pea starch, which will strengthen the company’s existing product portfolio. It is also making additional investments to strengthen its position in the pea starch market.

Ingredion Incorporated is focused on strong brand recognition in the plant-based ingredients market. It caters to various business segments and has a strong geographical reach across regions. It holds a significant share of sales in the North American pea starch market. Although, its services are limited in Asia Pacific. The company has adopted investments and expansions as a strategy to expand its product portfolio. New pea starch product developments for animal nutrition will boost the company’s starch product portfolio. It faces major competition from Roquette Frères (France) in the North American region.

Related Reports:

Pea Starch Market by Grade (Food, Feed, Industrial), Application (Food & beverages, Industrial, Pet food, Feed), Source, Function (Binding & thickening, Gelling, Texturizing, Film forming), Product Type, and Region - Global Forecast to 2026

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Report Code
FB 6708
RI Published ON
6/24/2021
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