The global pea starch market is projected to grow from an estimated value of USD 91.8 million in 2018 to USD 134.7 million by 2023, at a CAGR of 8.0%. Peas are plant-based products that are rich and protein and gluten-free. The demand for pea powder, pea protein, and other protein sources is soaring due to its wide applications in the food & beverage sector as well as the industrial sector. The increased consumer demand for pea protein and pea fiber has resulted in the increased demand for pea production, which has further led to a surplus of pea starch in the market. Since pea starch is a by-product of protein extraction from peas, its production will remain impacted by the increasing number of pea processing activities.
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Pea starch offers various functions such as gelling, texturizing, binding, coating, thickening, and film forming. Due to its multi-functionalities such as binding agent, it is used in various food applications, including pasta and noodles, bakery products, confectionery products, soups and sauces, and meat and poultry. Pea starch is also used as an alternative to other starches in food & beverage applications since due to its wide range of functions and cost-effective attributes. In the pharmaceutical and cosmetic industries, it is used for its gelling, thickening, and texturizing functions. Since pea starch is an effective gelling agent, it is used as an alternative to gelatin in the manufacturing of capsules.
The global market for pea starch is segmented on the basis of grade, which includes feed, food, and industrial. The food segment is estimated to lead and witness the fastest growth from 2018 to 2023. Pea starch produced for the food industry is used in various applications, such as meat and poultry products, canned products, soups and sauces, bakery products, dairy products, noodles and pasta, confectionery products, and extruded breakfast cereals. In meat products, it is used for improving the texture and palletization. Pea starch provides stability during the processing of food products, which makes it a suitable ingredient for canned food and bakery products. In addition, pea starch is an effective gelling agent, due to which it is widely used in the dairy industry.
Based on functions, the market for pea starch is segmented into binding & thickening, gelling, texturizing, film forming, and others. The gelling segment accounted for the largest share in the global pea starch market in 2017. Pea starch is used to enhance the texture of food and to create texture in beverage products. It contains amylose, which acts as a gelling agent in various food products. The gelling function enhances the effect of starch for amylase hydrolysis. Hence, the gelling function of starch is increasingly used in the food & beverage industry for thickening or binding food products and make starch digestible. It is used in various confectionery products, which include candies, chew gums, and jelly beans. It is also used in feed, pet food, and other industrial applications.
The pea starch market in the Asia Pacific accounted for the largest share in 2017. With the increasing requirement for natural ingredients and clean label products, the demand for pea starch is projected to grow in the region. The pea starch market in the Asia Pacific is driven by the rise in awareness about the products, the market potential for existing products, and unexplored application segments. The food consumption patterns are also changing in the region due to rising income and urbanization, particularly in the South Asian countries. The increasing urbanization in various countries led to a surge in demand for food security and quality food. Due to the increasing demand for quality food products, food manufacturers prefer using pea starch as an alternative to regular additives. As various countries in this region are price-sensitive, the demand for pea starch is projected to remain high due to its cost-effective attributes.
