Pea starch is extracted from the Pisum sativum (dry pea) and is one of the sources of native starch. It is a rich source of amylose, which makes it a better alternative for use as an ingredient for functions such as thickening and gelling as compared to the other native starches. Pea starch is used in food & beverages, feed, and other industrial applications, such as cosmetics and pharmaceuticals for various functions such as thickening, gelling, texturizing, and film-forming.
The growth of the processed food and packaged food markets directly impacts the growth of the pea starch market. Due to the growth of the processed food & beverages market, the demand for pea starch is also growing at a rapid pace. In addition, the market is driven by factors such as the integrated use of pea starch in the ethanol industry, the growth in demand for convenience food, and an increase in the production of dry peas.
According to MarketsandMarkets, the global pea starch market is projected to grow from an estimated value of USD 91.8 million in 2018 to reach USD 134.7 million by 2023, at a CAGR of 8.0%.
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What is driving the growth of the pea starch market?
- Increase in the production of pea
The demand for pea powder, pea protein, and other emerging protein sources is increasing due to its wide applications in the food & beverage sector as well as other industrial sectors. This has led to increasing production of peas and pea ingredients in the region. The growing consumer demand for pea protein and pea fiber has led to a surge in the production of peas, which results in a surplus of pea starch. Since pea starch is a by-product of protein extraction from peas, its production is impacted by the increasing number of pea processing activities. With the rapid demand for pea protein and pea fiber as well as the increase in processing activities of peas, the market for pea starch is projected to grow due to its widespread functions and number of applications.
- Increasing instances of retrogradation have affected the functional properties of pea starch, which is a major restraining factor for the pea starch market. Retrogradation interactions are mainly dependent on time and temperature. Thus, the changes that pea starches undergo due to retrogradation impacts its functional properties and industrial applications, which poses significant challenges to the food processing industry.
- The consumption of pea starch has increased rapidly in the past decades, contributing significantly to the food & beverage, feed, and pet food industries and other industrial applications such as cosmetics and pharmaceuticals. Pea starch also caters to the mining and bioplastic industries. It is mainly available as a by-product of protein extraction. Therefore, it is considered to be a relatively inexpensive source of starch compared to corn, wheat, and potato. The rise in demand for pea starch as a gelling agent in the manufacturing of vermicelli and noodles also drives the demand, particularly in the Asia Pacific region.
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The food & beverage segment is estimated to witness the fastest growth during the forecast period
Pea starch finds use in an array of different food applications such as confectionery products, processed food, beverages, and others; the food & beverage segment accounted for nearly half of the market share in the pea starch market. It is generally used for rendering food products with the required consistency, texture, and stability. However, to expand its applications in food products, pea starch is used as a clean label substitute in modified starch such as corn and potatoes. Although pea starch is considered as a low-level substitute in the food & beverage industry over the years, it has witnessed an increased acceptance in the recent past due to the increasing demand for natural ingredients in food & beverage products around the globe. It is mainly used in sauces and savories as it is a viable source of thickeners in the food & beverage industry.
Based on region, the pea starch market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
- North America is projected to grow at the highest CAGR of 9.4% between 2018 and 2023. This growth is mainly attributed to the increasing demand from China and India as the size, and the strength of the food & beverage industry in these countries are growing at a rapid pace. Generally, starch in most of the Asia Pacific countries is used for various food & beverage applications, particularly processed food products. However, advancements in processing technology in this region have widened the application of starches in other industries. Although the food & beverages segment is projected to witness the largest and the fastest growth, its application in the other end-use industries is also projected to witness significant growth.
- Key manufacturers in the pea starch market include Emsland Group (Germany), Roquette Freres (France), Vestkorn Milling AS (Norway), Cosucra Groupe Warconing SA (Belgium), Meelunie B.V. (Netherlands), Parrish and Heimbecker, Ltd. (Canada), and Puris Foods (US).
