The global market of pea starch concentrate is poised for a promising uptick in revenues. The growth of the market can be largely attributed to superior performance in food processing applications, as an extrusion ingredient for moisture control in products ranging from processed meat to bakery and confectionery products.
According to a recent report by Future Market Insights (FMI), the market is projected to witness steady growth between 2020 and 2030. On the other hand, uncertainty over the severity and the duration of the ongoing coronavirus pandemic is an area of concern in terms of supply chains and reducing demand for processed foods in the food service sector.
The market is expected to display stronger growth in the years to come, especially with rise in niche applications in animal feed, pet food and pharmaceutical production. Efforts to improve nutrition profiles in these sectors has supported growth in the industry.
Protein Ingredient Applications of Food Grade Options Bolster Growth
The World Health Organization has touted the importance of nutrients such as proteins and amino acids particularly for people suffering from malnutrition, with matured peas being found as one of the richer natural sources of protein.
With the global demand for food rising rapidly on a global scale, the potential shortages of animal protein, coupled with the growing trends of veganism and vegetarianism are generating major global growth opportunities.
Pea starch concentrate are also finding roles in grain free pet food and animal feed formulations. With low-grain, no-grain, and selected grain pet food products becoming mainstream, sustainable ingredients such as yellow pea starch concentrate is becoming popular. Properties of low emissions, and extrusion and binding applications enable stability, palatability, and digestibility, which will prove favorable to the industry in the long term.
Applications Set to Surge in Diverse End Use Applications
Pea starch concentrate is considered an essential ingredient in the food industry. Its application largely as an extrusion, moisture control ingredient is used to improve on product stability and shelf life in edible perishable goods. In the years ahead, the demand for bakery items is expected to grow strongly which will provide impetus to the market.
Pea starch concentrate is used across food and pharmaceutical industries. For instance, the material is used in pharma and nutraceutical products for its texturizing, gelling, and thickening properties, in biologic drugs and excipients.
Pea starch is extensively used as fillers in pet food and animal feed formulations. It is used to improve binding and stability properties of food materials. Industrial grade pea starch concentrate is expected to find growing applications in adhesive, textile, cosmetics, and paper production as a stiffening and bonding agent.
Pea starch concentrate manufacturers are also pushing to consolidate their market position in the sector by leveraging demand in the animal feed industry. Pea starch concentrate finds use in the production of feed for horses, pigs, poultry and ruminant animals as a highly digestible source of amino acids and proteins.
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While pea starch concentrate production and adoption is moving in a positive trajectory, with growing demand from a wide range of end use industries, the market is likely to be hindered by a few factors. These include high competition from alternative protein sources from animals and other plant-based options such as chickpeas and other pulses.
Also, pea starch concentrate also suffers from lower awareness about applications and health benefits particularly in developing countries, which limit adoption. Also, gels made from pea concentrates are found to be weaker that alternatives such as soybean concentrates. Also, the complexity of optimally extracting starch concentrates from wrinkled peas is a challenge that restricts production on the whole.
North America Pea Starch Concentrate Market
The North America pea starch concentrate market, led by the United States is reflecting favorable growth opportunities for the industry. According to Future Market Insights projections, North America will account for more than 35% of the overall market share.
The rising popularity and consumption of processed food products in addition to product improvements emerging from the local animal feed industry are key factors that support the demand for pea starch concentrate in the region.
In addition, growing awareness about the benefits of healthy diets and growth in the globalization of cuisine is expected to support the adoption of pea starch concentrate for varying food items including bakery, snacks, and confectionery.
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Europe Pea Starch Concentrate Market
Following North America, Europe is a key market for pea starch concentrate. The region is displaying growing consumer bias towards functional foods and beverages, which is creating a favorable environment for the adoption of pea starch concentrate.
In addition, the demand for natural and organic ingredients in these products and application in health supplement formulations also positively influence market developments. The growing demand and regulations associated to clean label practices and the growing population of vegans and vegetarians in Europe are generating demand for sustainable ingredients, which bodes well for pea starch concentrates.
On the other hand, the very strict regulations imposed by the EU on food processing ingredients could potentially hurt the distribution and sales of pea starch concentrates imported from out of the region.
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East Asia Pea Starch Concentrate Market
Demand for plant-based foods has surged in East Asia in recent years. Substantial impetus has come from consumer suspicion between animal meat the ongoing coronavirus outbreak, especially in China. However, the pea starch concentrates market is still largely in a nascent stage.
Growth in terms of awareness about health and wellness and demand for meat alternatives is expected to benefit the industry in the long term. Market players are seeking to create a niche space for more localized products, moving away from western-centric products to appeal to a wider consumer demographic in the region.
Also, the vast animal husbandry sector, particularly in China is generating lucrative opportunities in the animal feed sector. Also, applications of pea starch concentrate for cosmetics and pharmaceutical products has growth, as businesses in these sectors seek greater flexibility in ingredients for their formulations.
Yellow Pea Concentrate Demand Substantially High
In terms of product type, pea starch concentrate is available in green pea and yellow pea variants. Of these, the demand for yellow pea concentrates is substantially higher, projected to account for more than 65% of the overall market share through 2030.
Yellow pea starch concentrate is preferred for high nutritive value and milder flavor profile, which has minimal impact on end product formulation flavors. Also, yellow pea products have been associated to lower risk of allergy which will support adoption.
Conventional Pea Starch Holds Dominant Share
Pea starch concentrate is available in organic and conventional options. Conventional pea starch concentrate accounts for over 90% of the sales and revenue in the industry. The higher global yield of conventional pea crops, in addition to cost benefits has supported adoption rates, especially among food processing businesses.
On the other hand, growing health and wellness awareness amidst consumers and changing consumer bias has projected stronger growth rate for organic pea starch concentrate options in the years to come.
Bakeries Account for Maximum Application
A key factor driving the growth of the pea starch concentrate market is its scope of wide-ranging applications in food, feed, cosmetic and pharma sectors. These include, soups & sauces, confectionery, bakery, breakfast cereals, ice-creams & deserts, pasta & noodles, snacks & savory, processed meat products, animal feed, pet food, and pharmaceuticals.
The bakery applications of pea starch concentrate account for over 30% of the overall market share. The demand can be attributed to properties of oil binding, solubility, water binding, and emulsification, which are key to bakery product quality. Also, pea starch concentrate can be used to substitute potential allergens such as egg, wheat, and dairy.
Food Grade Pea Starch Highly Sought-after
Pea starch concentrate is available in food, feed, and industrial grade variants. Food grade pea starch concentrate holds nearly three-quarters of overall market value. Applications in the sector ranging from bakery items, sauces, desserts, snacks, and processed meat are contributory factors.
Also, the growing international concern of food insecurity and potential malnutrition, particularly in developing countries in terms of essential nutrients such as proteins and amino acids are major influencers in market development.
Companies that are participating in the in the pea starch concentrate market are engaged in the deployment of multi-pronged strategies to expand operations, research for product improvements, and widen the scope of applications.
Companies are increasingly focused on food and pharmaceutical applications as lucrative niches for growth of the industry, in addition to positioning their offerings for multinational penetration in the years to come.
For instance, Ingredion Inc. a major ingredient solutions business has introduced a number of organic native starches including the organic pea starches such as Purity P 1304 pe starch for clean label pet food products such as biscuits, kibble, gravy, and treats. The company has also entered into a partnership with Verdient Foods to expand range of plant-based protein and starch portfolio.
Cosucra Groupe Warcoing S.A. has emphasized on product development priority with a transition from soy to pea isolate-starch-fiber formulation to more accurately mimic texture of conventional meat for clean label plant-based meat analogs. The company has also announced the expansion of its western Belgium project for pea protein and starch production for approximately 35 million euros.
Roquette Freres has unveiled a new pea isolate crisp – simple composition formulation patented to reach high protein contents to meet high protein low-carb diet requirements, which the company claims allows for a wide range of starch sources to be used, with over 60% of dry matter. The company has also announced the development of a pea processing plant Portage la Prairie, Man for US$ 400 million.
In addition to these manufacturers, some other key producers of pea starch concentrate include:
- The Scoular Company
- AGT Food and Ingredients
- Meelunie B.V.
- Herba Ingredients
- Dakota Dry Bean
- AM Nutrition
- Vestkorn Milling AS
The list is only indicative – full list of pea starch concentrate key players is available upon request.
Pea Starch Concentrate Industry Report: Scope
Historical Data Available for
USD Million for value, Metric Tons for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa
Key Countries Covered
US, Canada, Brazil, Mexico, EU-4, U.K., BENELUX, Nordics, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, Turkey, South Africa, Iran, Israel
Key Segments Covered
Product Type, Nature, End Use, Grade, and Region
Key Companies Profiled
Ingredion Inc., Roquette Freres, The Scoular Company, Coscura Groupe Warcoing S.A., AGT Food and Ingredients, Meelunie BV, Herba Ingredients, Dakota Dry Bean, AM Nutrition, Vestkorn Milling AS
Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Key Questions Answered by the Report
- What is the pea starch concentrate market size?
The global pea starch concentrate market size is estimated to reach a valuation of US$ 811 million in 2020. The market is estimated to rise at 6% CAGR between 2020 and 2030.
- Which is the largest market for pea starch concentrate?
North America currently is the leader in the global market landscape. Growing applications in the pet food and animal feed sector drives sales and adoption here.
- Which are the top companies in pea starch concentrate market?
Some of the top participants operating in the market are Ingredion Inc., Roquette Freres, Vestkorn Milling AS, The Scoular Company, Cosucra Groupe Warcoring S.A., AGT Food and Ingredients, and AM nutrition among others.
- What are the applications of pea starch concentrate?
Pea starch concentrate are largely used in food processing applications such as processed meat, soups, sauces, bakery, pasta & noodles, snacks & savory. The industry is also finding niche roles in pharmaceuticals and animal food production.
- From what sources are pea starch concentrates derived from?
Pea starch concentrate are available in two variants, green peas and yellow peas. Of these, the demand for yellow peas remains significantly higher owing to milder flavoring and wider potential for application.
- What are the challenges faced in pea starch concentrate market?
Lack of awareness about the nutritional benefits of pea starch concentrate, in developing countries coupled with low trade volumes is holding back the market in terms of geographic penetration in the forecast period.
- Will South Asia exhibit high demand for pea starch concentrates?
South Asian countries are displaying lucrative opportunities for growth in the market, which can be attributed to growing consumer awareness about use of pea starch concentrate in health and wellness applications.
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- Yellow Peas
- Green Peas
- Sups & Sauces
- Breakfast Cereals
- Ice-Cream & Desserts
- Pasta & Noodles
- Snacks & Savory
- Processed Meat Products
- Animal Feed
- Pet Food
- Food Grade
- Industrial Grade
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (EU-4, U.K., Benelux, Nordics, Russia, Poland, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Singapore, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Israel, South Africa, Turkey, Iran, Rest of MEA)