Global Pea Starch (Binding & Thickening, Gelling, Texturizing, Film Forming) Market to 2023

DUBLIN, Nov 5, 2018 /PRNewswire/ --

The "Pea Starch Market by Application (Food & Beverages, Feed, Pet Food, Industrial), Function (Binding & Thickening, Gelling, Texturizing, Film Forming), Grade, and Region (North America, Europe, Asia Pacific, Row) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The pea starch market is projected to reach USD 134.7 million by 2023, from USD 91.8 million in 2018, at a CAGR of 8.0%.

The major driving factor for the pea starch market is integrated use of pea starch in ethanol production, growth in the demand for convenience food, increase in the production of pea and rising demand for pea starch in various food and industrial applications.

Based on grade, the pea starch market has been segmented into food, feed, and industrial. The food segment dominated the market in 2018, and this trend is projected to continue throughout the forecast period, from 2018 to 2023. Pea starch are used in various applications, such as meat and poultry products, canned products, soups and sauces, bakery products, dairy, noodles and pasta, confectionery, and extruded breakfast cereals. It is considered as a suitable ingredient for canned food and bakery products as it caters stability during the processing of food products.

On the basis of application, the pea starch market has been segmented into food & beverages, feed, pet food, and industrial. The snacks & savories application of food & beverages segment dominated the global pea starch market in 2018. The demand for snacks & savories is increasing around the globe; it is driven by the increasingly busy lifestyles of consumers with hectic social and professional schedules, which, in turn, lead to the search for quick and easy to eat meals. Moreover, consumers have started demanding quality products with transparent nutritional information in their products.

On the basis of function, the pea starch market has been segmented into binding & thickening, gelling, texturizing, film forming and others. The gelling segment dominated the global pea starch market in 2018. Pea starch as a gelling agent are being used in various applications such as confectionery and animal feed due to high availability of amylose. The gelling function helps to keep the nutrients in food and feed products intact. As pea starch has strong gelling capabilities, manufacturers are using it to produce various food products to meet consumer demand globally.

North America is projected to account for the largest share of the global pea starch market by 2023.

The high production of dry peas in the country is one of the major reasons for the high growth of the market. However, change in taste and preference and quality of food & beverage products of the consumers in the region is also a reason to further accelerate the market. Asia Pacific is projected to be the fastest-growing in the global pea starch market during the forecast period, owing to increasing demand for natural ingredients and clean label products, the demand for pea starch is growing in the region.

Retrogradation affecting the functional properties of pea starch is the major restraining factor for the pea starch market. Retrogradation interactions are found to be time and temperature dependent. Thus, the changes that pea starch undergoes due to retrogradation are a major determinant to its functional properties for food and industrial applications and pose significant challenges to the food processing industry.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Pea Starch Market
4.2 Pea Starch Market, By Key Country
4.3 Pea Starch Market, By Function, 2018-2023
4.4 Asia Pacific Pea Starch Market, By Application, 2017

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Integrated Use of Pea Starch in Ethanol Production
5.2.1.2 Growth in the Demand for Convenience Food
5.2.1.3 Increase in the Production of Pea
5.2.1.4 Rising Demand for Pea Starch in Various Food and Industrial Applications
5.2.2 Restraints
5.2.2.1 Retrogradation Affecting the Functional Properties of Pea Starch
5.2.3 Opportunities
5.2.3.1 Increasing Demand From the Pet Food Industry
5.2.4 Challenges
5.2.4.1 International and Domestic Food Safety Standards

6 Pea Starch Market, By Grade
6.1 Introduction
6.2 Food
6.3 Feed
6.4 Industrial

7 Pea Starch Market, By Application
7.1 Introduction
7.2 Food & Beverages
7.2.1 Snacks & Savories
7.2.2 Soups & Sauces
7.2.3 Meat & Poultry Products
7.2.4 Confectionery Products
7.2.5 Bakery Products
7.2.6 Dairy Products
7.3 Industrial
7.3.1 Pharmaceuticals
7.3.2 Textiles
7.3.3 Cosmetics
7.3.4 Mining & Bioplastics
7.4 Pet Food
7.4.1 Dog
7.4.2 Cat
7.4.3 Others
7.5 Feed
7.5.1 Swine
7.5.2 Ruminants
7.5.3 Poultry
7.5.4 Others

8 Pea Starch Market, By Function
8.1 Introduction
8.2 Binding & Thickening
8.3 Gelling
8.4 Texturizing
8.5 Film Forming
8.6 Others

9 Pea Starch Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World (RoW)
9.5.1 South America
9.5.2 Middle East
9.5.3 Africa

10 Competitive Landscape
10.1 Overview
10.2 Company Rankings
10.3 Competitive Scenario
10.3.1 New Product Developments
10.3.2 Expansions
10.3.3 Acquisitions
10.3.4 Partnerships

11 Company Profiles
11.1 Emsland Group
11.2 Cosucra Groupe Warconing Sa
11.3 Roquette Freres
11.4 Vestkorn Milling as
11.5 Meelunie B.V.
11.6 Parrish and Heimbecker, Ltd.
11.7 Puris Foods
11.8 Yantai Oreintal Protein Tech Co., Ltd.
11.9 Axiom Foods, Inc.
11.10 The Scoular Company
11.11 Shandong Jianyuan Group
11.12 Agt Food and Ingredients
11.13 Felleskjpet Rogaland Agder
11.14 Yantai Shuangta Food Co., Ltd.
11.15 Dakota Dry Bean

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