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Pea Starch Market 2018 to Register an Impressive CAGR of 20% by 2025

Author : Rahul Sankrityayan | Published Date : 2019-05-25 

Global Market Insights, Inc. has announced the launch of Pea Starch market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Peas have the highest starch content when compared to other starch sources such as corn, potato, maize, tapioca, and rice. They also contain the highest amylose content which provides greater steadiness under high heat, shear, and acid conditions. Such superior characteristics would lead to rise in product demand for use in an extensive variety of food products in forecast timespan. These properties will also spur product usage in other industries such as pharmaceutical, animal feed, etc. However, limited awareness regarding the benefits from using the product could restrain the growth of the global pea starch market.

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The products major usage is for binding and thickening application in the food & beverage industry. The product also helps to preserve the quality of processed food items and enhance the texture of meat products along with bakery, canned, and dairy products. Demand for natural ingredients have increased over the past years as customers in Europe and North America have become more health conscious. The product has been witnessing increasing demand in the Asia Pacific region as it is being widely used for producing noodles. The availability of the product in different varieties would further boost the growth in global pea starch market.

The global pea starch market is segregated on the basis of product, end user, and region. Food grade is apt for human consumption whereas feed grade is appropriate for animal consumption. Food grade acquires a major share in the product section and will grow with more than 24% CAGR in the coming years. Food grade is employed in pharmaceuticals and food & beverage sectors and development in these industries will drive the segment?s development.

The global pea starch market is segregated into animal feed, pharmaceuticals, paper & textiles, food & beverages, and others. Food & beverage end user will hold a major share of the global pea starch market owing to extensive product usage in food & beverage formulations. This end-user section will grow with around 25% CAGR in forecast period. The product?s usage to preserve the quality and increase the shelf life of food items like snacks, meat, dairy, noodles, soups, etc.

Asia Pacific region holds a major share of the pea starch market owing to the rapid growth in its food & beverage industry. Rising noodle intake in Asian countries like South Korea, Singapore, China, and Japan is a major reason behind high product demand in Asia Pacific, as it is a major raw material in the production of vermicelli, noodles, and various other snacks. North America and Europe are other high potential pea starch markets where product demand will significantly rise in forecast timespan.

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Europe is a key pea starch market that is likely to grow by more than 25% CAGR in the forecast period. Growth in the region’s food & beverage sector, mostly in countries such as France, Germany, Italy, Spain, and UK, will drive demand for pea starch in the forecast timeframe. Developments in the animal feed industry in the region will also augment product demand for application in pet food and feed items. Steady gains in the European cosmetics as well as pharmaceutical industries will also contribute towards the pea starch market development in the forecast period.

Roquette Freres, Meelinie, Emsland-Starke, and Cosucra-Groupe are some of the key players in the global pea starch market. Owing to lesser number of manufacturers, the pea starch market is consolidated in nature. Introducing innovative products into the industry as a response to customer requirements and investing in research activities would be a key strategy adopted by players to strengthen their positions in the pea starch market.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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