Pea Starch Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Pea Starch market, covering key insights, current market conditions, and future forecasts from 2023 to 2033. It explores market size, regional breakdowns, industry trends, and leading players within the sector.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.80 Billion |
| CAGR (2023-2033) | 7.0% |
| 2033 Market Size | $3.61 Billion |
| Top Companies | Ingredion Incorporated, Cargill, Inc., Tereos Starch & Sweeteners, Roquette Frères |
| Last Modified Date | 15 November 2024 |
Pea Starch Market Overview
What is the Market Size & CAGR of the Pea Starch market in 2023?
Pea Starch Industry Analysis
Pea Starch Market Segmentation and Scope
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Pea Starch Market Analysis Report by Region
Europe Pea Starch Market Report:
Europe is forecasted to see its market size double from $0.58 billion in 2023 to $1.16 billion by 2033. The region’s focus on sustainable agriculture and organic food products drives the demand for pea starch, with countries like Germany and France being significant contributors.Asia Pacific Pea Starch Market Report:
The Asia Pacific region is expected to witness substantial growth, with an increase in market size from $0.31 billion in 2023 to $0.61 billion by 2033, driven primarily by rising health awareness and demand for plant-based products. The expansion of the food processing industry in countries like China and India further fuels this growth.North America Pea Starch Market Report:
North America leads in market size, projected to grow from $0.66 billion in 2023 to $1.32 billion by 2033. The U.S. has a well-established health food market, and increasing consumer inclination towards plant-based diets makes it a significant player in the pea starch domain.South America Pea Starch Market Report:
In South America, the market size is anticipated to expand from $0.02 billion in 2023 to $0.04 billion by 2033. The burgeoning interest in healthy and clean-label products among consumers in Brazil and Argentina is propelling the market forward, supported by local production capabilities.Middle East & Africa Pea Starch Market Report:
The Middle East and Africa region's market is projected to increase from $0.24 billion in 2023 to $0.48 billion by 2033, influenced by a growing inclination towards vegetarian diets and rising investments in agriculture, which improve local production capacities.Request a custom research report for industry.
Pea Starch Market Analysis By Product Type
Global Pea Starch Market, By Product Type Market Analysis (2024 - 2033)
The product type segmentation reflects that powder starch dominates with a market size expected to rise from $1.51 billion in 2023 to $3.04 billion by 2033, capturing 84.13% share in 2023 and maintaining the same share in 2033. Granules also see growth, projected to reach $0.57 billion by 2033.
Pea Starch Market Analysis By Application
Global Pea Starch Market, By Application Market Analysis (2024 - 2033)
In terms of application, the food and beverages sector leads with a market size rising from $1.04 billion in 2023 to $2.09 billion by 2033, holding 57.95% share in 2023. Other notable applications include pharmaceuticals and cosmetics, contributing to the industry's diversification.
Pea Starch Market Analysis By Form
Global Pea Starch Market, By Form Market Analysis (2024 - 2033)
The pea starch market by form emphasizes native starch, which is expected to hold substantial market share and is expected to grow from $1.51 billion in 2023 to $3.04 billion by 2033, along with modified starch growing from $0.29 billion to $0.57 billion, capturing 15.87% share.
Pea Starch Market Analysis By End Use Industry
Global Pea Starch Market, By End-Use Industry Market Analysis (2024 - 2033)
Segmented by end-use industry, the food industry represents a significant portion, with size growing from $1.11 billion in 2023 to $2.22 billion by 2033 and a 61.55% market share. The textile industry and construction industry together indicate rising trends in their respective markets as pea starch utilization increases.
Pea Starch Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Pea Starch Industry
Ingredion Incorporated:
Ingredion provides a portfolio of plant-based ingredients, including major contributions in pea starch that cater to diverse food and beverage needs globally.Cargill, Inc.:
Cargill is a leader in the global food market with innovative pea starch solutions that enhance food quality and sustainability.Tereos Starch & Sweeteners:
Tereos focuses significantly on agricultural materials and manufactures a range of specialty starches, including those derived from peas, bolstering market reach.Roquette Frères:
Roquette Frères at the forefront of plant-based nutritional products, offers pea starch tailored for food applications, focusing on health-centric solutions.We're grateful to work with incredible clients.
Related Industries
FAQs
What is the market size of pea Starch?
The global pea-starch market is valued at approximately $1.8 billion in 2023, with a forecasted CAGR of 7.0%. By 2033, the market is expected to experience significant growth, driven by increasing demand for natural and gluten-free products.
What are the key market players or companies in the pea Starch industry?
Key players in the pea-starch market include Ingredion Incorporated, Emsland Group, Roquette Frères, and Cargill, among others. These companies are innovating in product development and expanding their market presence through strategic initiatives and partnerships.
What are the primary factors driving the growth in the pea Starch industry?
Factors driving growth in the pea-starch industry include rising health consciousness among consumers, increased demand for plant-based foods, and its versatile applications in food, pharmaceuticals, and cosmetics. Additionally, the trend towards clean label ingredients boosts its market appeal.
Which region is the fastest Growing in the pea Starch market?
The Asia Pacific region is currently the fastest-growing market for pea-starch. It shows a trajectory from a market size of $0.31 billion in 2023 to an estimated $0.61 billion by 2033, reflecting the region's growing health-oriented food trends.
Does ConsaInsights provide customized market report data for the pea Starch industry?
Yes, ConsaInsights offers customized market report data for the pea-starch industry, allowing clients to access tailored insights that meet specific business needs and objectives, enhancing strategic decision-making.
What deliverables can I expect from the pea Starch market research project?
Deliverables from the pea-starch market research project typically include a comprehensive market analysis report, executive summary, growth forecasts, competitive landscape insights, and regional market breakdown, all presented in an easy-to-understand format.
What are the market trends of pea Starch?
Current trends in the pea-starch market include increased innovation in product applications across food and beverages, growth in the clean label trend, and expansion into new industries, such as textiles and construction, reflecting its versatile nature.