Concentrated Pea Starch Market Research Report, Its History and Forecast 2024 to 2031
Market Overview and Report Coverage
Concentrated pea starch is a type of functional ingredient derived from peas that is widely used in the food and beverage industry as a thickening agent and stabilizer. It is a versatile ingredient that offers various benefits such as improved texture, mouthfeel, and nutrition to food products.
The future outlook of the concentrated pea starch market looks promising, with a projected growth rate of % during the forecast period. This growth can be attributed to the increasing consumer demand for natural and clean label ingredients, as well as the rising awareness about the health benefits of pea-derived products. Additionally, the growing trend of plant-based diets and the rising preference for gluten-free and allergen-free products are driving the demand for concentrated pea starch in the market.
Overall, the market forecast for concentrated pea starch is positive, with manufacturers focusing on product innovation and expanding their product offerings to cater to the evolving consumer preferences. The latest market trends indicate a shift towards sustainable and environmentally-friendly production practices, leading to an increased adoption of pea starch as a plant-based alternative to conventional starches.
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Market Segmentation
The Concentrated Pea Starch Market Analysis by types is segmented into:
- Food Grade
- Industry Grade
Concentrated pea starch is classified into two main market types: food grade and industry grade. Food grade pea starch is used in the food industry as a thickening agent, stabilizer, or emulsifier in various food products. On the other hand, industry grade pea starch is utilized in non-food applications such as in the production of paper, adhesives, textiles, and pharmaceuticals. Both market types serve different purposes and cater to distinct industries, with food grade focusing on food applications and industry grade targeting non-food industrial uses.
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The Concentrated Pea Starch Market Industry Research by Application is segmented into:
- Food Production
- Pharmaceutical Industry
- Feed Industry
- Others
Concentrated pea starch is widely used in food production as a thickening agent and stabilizer. In the pharmaceutical industry, it is utilized in the manufacturing of tablets and capsules. The feed industry incorporates concentrated pea starch in animal feed for its nutritional benefits. Additionally, this ingredient is also used in various other industries such as cosmetics and textiles for its binding and gelling properties. Its diverse applications make it a valuable component in a wide range of products.
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In terms of Region, the Concentrated Pea Starch Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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What are the Emerging Trends in the Global Concentrated Pea Starch market?
One emerging trend in the global concentrated pea starch market is the increasing demand for plant-based alternative ingredients in various industries including food and beverage, pharmaceuticals, and personal care. Consumers are becoming more health-conscious and seeking out clean label products, driving the growth of pea starch as a natural ingredient. Another trend is the rising popularity of gluten-free and allergen-free products, leading manufacturers to utilize concentrated pea starch as a versatile and functional ingredient. Additionally, the market is witnessing a growing focus on sustainability and eco-friendly production methods, with pea starch being a more environmentally friendly option compared to traditional starches.
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Major Market Players
The concentrated pea starch market is highly competitive, with key players such as Emsland Group, Ingredion Incorporated, Roquette Frères, Axiom Foods, Yantai Shuangta Food, Shuangta Food, Jianyuan Group, Yantai Dingfeng Biological Technology, and Herba Ingredients BV. Among these players, Emsland Group holds a significant market share due to its wide product portfolio and strong distribution network. The company has been focusing on expanding its product offerings and investing in research and development to meet the growing demand for concentrated pea starch in various industries such as food and beverage, pharmaceuticals, and personal care.
Roquette Frères is another key player in the concentrated pea starch market, with a focus on innovation and sustainability. The company has been launching new products with improved functionalities to cater to the changing consumer preferences. Roquette Frères has also been investing in sustainable sourcing practices and environmental initiatives to reduce its carbon footprint.
Ingredion Incorporated is a global leader in ingredient solutions, including concentrated pea starch. The company has been experiencing steady growth in the market due to its strong customer base and innovative product offerings. Ingredion Incorporated has been focusing on expanding its presence in emerging markets and investing in new technologies to enhance its product portfolio.
The sales revenue of these companies varies, with Emsland Group reporting sales revenue of around $500 million, Ingredion Incorporated reporting sales revenue of around $6 billion, and Roquette Frères reporting sales revenue of around $4 billion. These companies are expected to continue their growth trajectory in the concentrated pea starch market, driven by increasing consumer awareness about the benefits of plant-based ingredients and the growing demand for clean label products.
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