Pea Starch Market growth is Anticipated to Be Highest Growth Between 2017 To 2024
Global Pea Starch Market demand of pea starch as a gelling and stabilizing agent is a major factor driving this industry. Many nutritional benefits are associated with it such as low calories and allergen solutions. It is free from lactose and gluten. It is a good replacement for carbohydrate sources such as potato, whole peas and cereal starches. Constant innovations have been carried out by the manufacturers to launch pea starch based products.
The factor which can hamper the growth of the product in food industry is its capability of retrogradation. Pea starch offers lactose-free formulations. pea starch market size is projected to grow at a fast pace during the forecast period. Peas have been an important ingredient of the human diet due to its high protein content, starch and other nutrients.
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Pea starch is derived from yellow peas and is mainly a by-product of protein extraction. Therefore, it is comparatively cheaper than potato and cereal starch. It has amylose content which reduces the digestibility of starch and has low glycaemic index. The product is free from gluten content which makes it suitable for vegans and gluten intolerant population.
The product is non-GMO in nature. It also has the potential to evolve as mainstream pet food. It is used in non-grain pet food in combination with other starches such as potato and tapioca. The stability of the product under elevated temperatures, pressure and acidic conditions makes it suitable for processing of such as meat products, sauces and soups. Its stable nature also helps to enhance the crispness and increase the volume in a variety of snacks. It forms a firm, sliceable gel when cooled as compared to other starches. It can be procured as a wet or dry milled product.
The pea starch market can be categorized based on product type, application and region. Based on the product type, pea starch can be divided into food grade and industry grade. The application segment consists of pharmaceutical industry, textile industry, food production and feed industry. The product finds its use in various food products such as snacks, meat products, noodles, gluten-free baking, candies, soups and sauces, gums, coatings, batters and cookies. The starch is also used in paper industry.
Geographically, the market can be segmented as North America, Latin America, Asia Pacific, Europe, and Middle East and Africa. North America has a major market share in pea starch market followed by Asia Pacific. The demand of pea starch in gelling agents in food processing industry has fueled the growth of the market, which will increase the revenue contribution. China has imported yellow peas from Canada and U.S. to make noodles and baked goods with the help of pea starch.
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In 2016, a German company was in news as it announced to build a protein plant in Moose Jaw, Canada, which will separate starch, fiber and proteins from yellow peas. In January 2017, Roquette announced the development of the world’s largest pea protein processing plant. In April 2017, Anchor Ingredients Co., LLC announced the construction of pea processing facility which produce pea starch and dry milled pea protein.
Some of the key participants in the pea starch market are Roquette Freres S.A., Shuangta Food, Yantai Oriental Protein Tech Co. Ltd., Vestkorn Milling AS, Shandong Jianyuan Group, Emsland-Starke GmbH, Cosucra-Groupe Warcoing, Sanstar Bio-Polymers Ltd., Yantai Dingfeng Biological Technology Co. Ltd., Parrheim Foods, Meelunie B.V., Alliance Grain Traders Inc., American Key Products Inc., The Scoular Company, Vitacyclix, Yantai Dingfeng Biological Technology Co. Ltd., Ingredion Incorporated, etc.
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