Global Pea Starch Market Overview:
Over the past few years, there has been a continuous expansion of baked food products. The global Pea starch market is expected to witness tremendous growth in the forecast period due to increasing demand from nutraceuticals industry and rising shift of consumers towards gluten-free and non- GMO (Genetically modified Organisms) diet. Pea starch is derived from peas and contains 40% starch and appears as a white powder. It is a rich source of amylase (35%), which makes it thickening and gelling in nature which are better than other commonly used starches. It is an ideal ingredient for Agri-food applications such as sauces, delicatessen, meats, creams, and pasta.
- The increasing demand for natural ingredients and healthy processed food by the consumers
- Rising demand for pea starch as a gelling agent in many food products.
- Increasing market initiatives by manufacturers leading to consumer awareness
- Integrated use of pea starch for the production of ethanol.
- Increased cultivation volume of pea across the globe is a favorable factor for the market as a raw material is easily available for processing.
- Lack of awareness among consumers about the benefits of the products
- Effect of retrogradation impacting the characteristics and properties of pea starch.
- Beneficial strategic initiatives in emerging countries
- Innovations like pea starch as an alternative to plastic i.e. bioplastic film which is of pea starch to be used in food packaging are also providing an opportunity for pea starch manufacturers.
- Various regulations and standards pertaining to different authorities of a different region.
The market is fragmented with the involvement of several players which has led to intense competition among key manufacturers. These manufacturers are mainly focusing on product innovation by using various strategies such as new product launches, expansions, agreements, ventures, a partnership to gain a grip in the global pea starch market.
Some of the key players profiled in the report are Cargill Inc.(United States), Roquette Feres (France), Emsland Group (Germany), Cosucra Groupe Warconing SA (Belgium), American Key products, Sanstar Bio-Polymers (India), Vestkorn Milling AS (Norway), Parrheim Foods (Canada), Meelunie B.V. (Netherlands), Parrish and Heimbeckar, Limited (Canada) and Dakota Dry Bean (United States). The Vendors having a strong hold in the market are Roquette. Additionally, following companies can also be profiled that are part of our coverage like Puris Foods (United States), Yantai Oriental Protein Tech Corp., Limited (China), Axiom Foods. Inc.(United States), The Scoular Company (United States), Shandong Jianyuan Group (China), AGT Food and Ingredients (Canada), Felledkjopet Rogaland Agder (United States) and Yantai Shuangta Food Corp., Limited (China). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Pea Starch market by 2024. Considering Market by Function, the sub-segment i.e. Binding & Thickening will boost the Pea Starch market. Considering Market by End user, the sub-segment i.e. Pharmaceutical will boost the Pea Starch market.
The company Roquette, has a new pea processing site in Manitoba, Canada which is starting in 2019. It will help it in maintaining the industry a leading position during the forecast period., In May 2018, Roquette has set new production unit which is dedicated to pea protein. They have launched a non-GMO pre-gelatinized hydropropyl pea starch with some amount of amylase and named ad LYCOAT RS780. and In July 2018, Cosucra has announced the expansion of pea protein manufacturing in Belgium in a facility in Warcoing.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pea Starch market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pea Starch market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw material suppliers, Regulatory bodies, Government regulatory bodies and NGOs, Food & beverage manufacturers/suppliers, Companies (manufacturers/suppliers), Research centers, laboratories, and scientific institutes., Retailers, Commercial research & development (R&D) institutions and financial institutions, Traders, distributors, manufacturers, and suppliers of pea starch, Government and research organizations, Food processors and manufacturers and Trade associations and industry bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.