Pea Starch Market Reshaping the Food Industry

 

The global Pea Starch Market is poised for substantial growth, projected to reach $307.4 million by 2029, exhibiting a robust CAGR of 7.7% from 2022 to 2029. This surge is primarily attributed to the escalating demand for convenience and processed food products, a surge in food allergies, especially celiac disease, a rising preference for functional food items, and the expanding vegan population.

Market Drivers:

Growing Demand for Convenience and Processed Foods: The consumer shift towards convenience foods is a major driving force, spurring the demand for pea starch as a key ingredient.

Prevalence of Food Allergies: The increasing incidence of celiac disease and other food allergies has led to a surge in the adoption of alternative starches, such as pea starch, which is allergen-free and gluten-free.

Rising Demand for Functional Foods: The trend towards healthier lifestyles and the demand for functional food products are boosting the market for pea starch, known for its nutritional benefits.

Expanding Vegan Population: The growing number of individuals adopting a vegan lifestyle is contributing to the escalating demand for plant-based alternatives, including pea starch.

Market Challenges:

Availability of Alternative Starches: Despite the growth potential, the market faces challenges due to the availability of alternative starch sources, posing a notable hindrance to pea starch market expansion.

Decrease in Dry Pea Production: The reduction in the production of dry peas poses a challenge to the availability and affordability of pea starch.

Top 10 Companies Shaping the Pea Starch Market: https://meticulousblog.org/top-10-companies-in-pea-starch-market/

 

Axiom Foods Inc. (U.S.): A leader in processing agricultural raw materials, Axiom Foods offers a diverse range of products, leveraging a robust distribution network across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

·         Dakota Dry Bean Inc. (U.S.): A subsidiary of Benson Hill Inc., Dakota Dry Bean specializes in plant-based products, offering a wide array of options in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

·         American Key Products, Inc. (U.S.): A key player in producing flour and starches, the company's clean-label native pea starch caters to the pet food and non-GMO snack industries primarily in North America.

·         Roquette Frères (France): Operating across seven business segments, Roquette Frères provides native pea starch for various applications, boasting a global presence with 25 operating plants and subsidiaries.

·         Vestkorn Milling AS (Norway): A part of DSM N.V., Vestkorn Milling offers gluten-free, non-GMO, and sustainable pea starch, catering to North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

·         Ingredion Incorporated (U.S.): Operating in five segments, Ingredion provides starches derived from potatoes, tapioca, pea, and rice for diverse industries, with a global presence.

·         NutriPea LP (Canada): Focused on sustainable and locally sourced functional food ingredients, NutriPea LP produces pea starch derived from Canadian yellow peas, serving global markets.

·         Emsland Group (Germany): Manufacturing plant-based ingredients for various industries, Emsland Group operates globally with a diverse product portfolio.

·         Aminola B.V. (Netherlands): Specializing in plant-based ingredients, Aminola offers carbohydrates, pregelatinized carbohydrates, and proteins for food, feed, and industrial applications.

·         Ebro Foods, S.A. (Spain): Operating through various segments, Ebro Foods provides pea starch through subsidiaries, serving diverse industries globally.

Top 10 Companies Shaping the Pea Starch Market: https://meticulousblog.org/top-10-companies-in-pea-starch-market/

Market Insight:

Meticulous Research's latest report on the Pea Starch Market predicts a growth rate of 7.7% during the forecast period 2022-2029. For a comprehensive analysis of each company, including recent financial performance, key products, company strategies, partnerships, and acquisitions, refer to Meticulous Research®’s detailed report, "Pea Starch Market – Global Opportunity Analysis and Industry Forecast (2022-2029)."

For further information and inquiries, please contact:

About Meticulous Research:

Meticulous Research® is a leading global market research company providing the most relevant, accurate, and actionable market insights. Our reports cover a wide range of industries, offering in-depth analysis and strategic recommendations to help businesses thrive in a dynamic market environment.

 

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

 

 

 

Comments

Post a Comment

Popular posts from this blog

Airport Logistics Systems Market to Be Worth $9 Billion by 2031

  According to a new market research report titled, the airport logistics systems market is projected to reach $9 billion by 2031, at a CAGR of 9.8% from 2024 – 2031. Airport logistics systems refer to a wide range of processes and technologies that facilitate the efficient operation of an airport. These systems are highly integrated and use technologies such as RFID, barcoding, and advanced software to improve efficiency, security, and the overall passenger experience at airports. These systems are employed across a range of applications essential for airport operations, including baggage handling, flight scheduling and management, passenger check-in, security screening, air traffic control, ground handling, and facility maintenance. Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4390 The global airport logistics systems market is expected to register significant growth in the upcoming years, driven by globalizati...
Read more

A Comprehensive Guide to Waste Management

Image
  Redding, California, Sept. 12, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled,  ‘ Waste Management Market  by Waste Type (Hazardous Waste, Industrial Waste, E-waste), Waste Management Method (Landfilling, Recycling, Incineration), and Source (Residential, Commercial, Municipal, and Industrial)—Global Forecast to 2030’,  the waste management market is projected to reach $703.9 billion by 2030, at a CAGR of 4.9% during the forecast period. A waste management system or waste disposal is a streamlined process that organizations use to dispose, reduce, reuse, and prevent waste. It is also an approach where companies implement comprehensive strategies to manage wastes from their origin until their final disposal. Waste management involves various interventions in the generation, prevention, characterization, monitoring, treatment, handling, reuse, and ultimate residual disposal of solid wastes. Possible waste disposal methods are recycling, c...
Read more

Top 10 Companies in Vietnam Carton board Paper Market Unveiled

Image
  Meticulous Research, a leading market research company, has released its latest report on the Vietnam Cartonboard Paper Market, highlighting the top 10 companies operating in this rapidly growing industry. The report predicts that the Vietnam Cartonboard Paper Market is poised to reach USD 637.5 million by 2030, with a remarkable CAGR of 10.6% during the forecast period from 2023 to 2030. The growth of the Vietnam cartonboard paper market is attributed to several key factors, including the increasing demand for sustainable and eco-friendly packaging solutions, a surge in the demand for consumer goods, and the growth of e-commerce. However, challenges like fluctuating raw material prices and declining use of printed packaging materials are among the hurdles faced by the market. Nevertheless, the emergence of innovative sustainable and customizable packaging solutions is expected to open new growth opportunities. Additionally, the increasing demand for smart packaging is identifi...
Read more