Pea Starch Market – Know the Untapped Growth Opportunities to 2026
The report offers extensive analysis of changing market trends, key segments, competitive scenario, top investment pockets, and regional landscape. Inclination toward clean label food products, demand from industrial applications, and implementation in convenience food fuel the growth of the global pea starch market. However, retrogradation effects on foods due to starch restrain the market growth. Contrarily, surge in demand for organic pea starch and modified starch from developing nations presents new opportunities in the next few years.
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Leading players of the global pea starch
market analyzed in the research include Agridient, Cosucra Groupe Warconing SA,
American Key Food Products, Meelunie B.V., Emsland Group, Roquette Frères,
Puris Foods, the Scoular Company, Shanghai Bichain Industrial Chemical, and
Vestkorn Milling AS.
Covid-19 Scenario:
- The pea starch demand reduced significantly during the lockdown
in many countries. In addition, the demand lowered from the end-user
industries such as food & beverages, skincare & hair care product
manufacturing, and others due to entire or partial closedown.
- Expansion strategies of manufacturers have been hindered and
they have to postpone the plans of expansion due to economic turbulence
and locking of funds by investors.
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The report offers detailed segmentation of
the global pea starch market based on type, application, and region.
By type, the conventional segment held
nearly 88% of the total share of the market in 2019, and is projected to
maintain dominance in terms of revenue during the forecast period. However, the
organic/non-GMO segment is projected to witness the largest CAGR of 9.7% from
2019 to 2026.
By application, the food and beverages
segment accounted for the largest share in 2019, contributing to more than
three-fifths of the global pea starch market, and is projected to maintain its
leadership status during the forecast period. Moreover, this segment is
estimated to portray the highest CAGR of 8.3% during the forecast period. The
research also discusses segments including feed and others.
By region, North America contributed to the
largest share in terms of revenue, holding more than two-fifths of the total
share in 2019, and is projected to continue its lead position during the
forecast period. However, Asia-Pacific is expected to portray the fastest CAGR
of 10.5% from 2019 to 2026.
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