Inkwood
Research evaluates that the Global Pea Starch Market is predicted to register a
CAGR of 8.16% in terms of revenue during the forecast period, 2019-2028.
“Browse 25 Market Data Tables and 36 Figures
spread over 110 Pages, along with an in-depth TOC on the Global Pea Starch
Market Forecast 2019-2028.”
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Pea starch is a carbohydrate product rich
in protein and native starch. It is also rich in amylose, thereby enhancing its
gel-forming properties. It is available as a by-product of protein extraction.
It is therefore considered as a relatively cheap source of starch in comparison
to other starches. Modified pea starches are utilized for varied industrial
applications.
Growing Preference
for Clean Label Food Products Propels Market Growth
Consumers, across the globe, are seeking a
balance in their healthy lifestyle, with flexible eating habits. The bakery
segment is witnessing an increased demand for products that enhance health
& well-being. Pea starch is a key ingredient in gluten-free bakery goods.
It takes the place of the traditional gluten-free ingredients like tapioca
starch, rice flour, and potato starch. The increasing food trade across the
globe, growing concern related to food safety & quality, and complexities
in food products, have resulted in a rising demand for innovative food
processing methods and ingredients, all of which contribute significantly to the
global pea starch market growth. There is also a growing inclination towards
healthy food ingredients. Therefore, the demand for food products free of
synthetic additives and harmful chemicals, are rapidly growing.
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Food and Beverages
– The Dominating & Fastest-Growing Application by 2028
Pea starch has extensive applications in
the food industry. It can be utilized as a thickener in soups and sauces, given
the fact that it provides thicker consistency in comparison to corn starch, and
therefore a small quantity can be used. It further provides strong, sliceable,
and firm gel upon cooling. It is utilized for extending the shelf life of
sausages, sliced turkey, chicken breast, beef burgers, etc. At present, pea
starch is highly utilized in meat applications.
Further, it enhances the thickness,
smoothness, and consistency of beverages. It enables cold storage ability and
freeze-thaw stability in beverages. Native pea starch is a clean label
alternative to modified pea starch. It provides gelling, film-forming, and
thickening properties to the ingredients. Thus, the food and beverages industry
is set to witness the increasing adoption of pea starch during the forecast
period, given the surging demand for various food products.
Asia
Pacific to Register Fast-paced Growth by 2028
The Asia Pacific region is predicted to be
a lucrative market for pea starch, with new prospects likely to be discovered
during the projected period. The region has the benefit of the presence of
emerging countries like Australia, Indonesia, India, China, that offer a
conducive space for starch manufacturers to establish their foothold in the
Asia Pacific. Also, the economic policies of the countries attract the
investments of eminent market players across the globe.
The market encompasses key players, which
influence brand loyalty. The surging demand for gluten-free and organic food
opens up avenues for new entrants in the market. Some of the prominent players
in the market include, Meelunie BV, Emsland Group, American Key Products Inc,
Agridient Inc, etc.
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