In December 2019, Roquette Frères has Launched a New Product Due to the Increasing Demands of Consumers, Roquette Pea Starch LN 30

Pea starch is available in native starch and modified starch products. The pea has 40% of starch in powdered or liquid form with a neutral taste and color. Based on function, pea starch is used as a binding and thickening agent. Also, it is used for gelling, film-forming, and coating in various industries. Moreover, pea starch is widely applied in the food, pharmaceutical, and nutraceutical industries. In food industries, it is used to make dairy, bakery & confectionery, and other products  ​

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Global Pea Starch Market is expected to reach USD 396.14 million by 2028 from USD 239.52 million in 2020, growing with a CAGR of 6.5% in the forecast period of 2021 to 2028. An increase in the consumption of convenience food products and various flavors in pea starch increases its demand among consumers. The factors that are restraining the market's growth are the rise in the prevalence of chronic disorders and the lactose intolerance population. Many companies are taking various strategic decisions such as acquisition and expansion to enhance their businesses; hence, the market proliferates.

The increasing demand for pea starch from various end-use industries is expected to drive the market's growth rate

In the pharmaceutical industry, pea starch is used to form soft capsules, hard capsules, swallowable tablets, and others to form soft capsules of needed quality of pea starch is typically mixed with a certain amount of gelation aid such as carrageenan, forming a high-viscosity gel that is molten at 90°C. Furthermore, the trend for natural products in the cosmetic industry has taken a leading position in the market, with an increasing number of customers looking for plant-based alternatives to existing cosmetic products in the market. It is used as a multi-functional additive in cosmetics such as skincare and color cosmetics, dry shampoo, and cleansing products as a natural and straightforward method to improve application properties.  

Report Scope and Market Segmentation

Segment Analysis:

Global pea starch market is segmented into seven segments which are based on modification methods (qualitative), source, product, form, grade, function and application.

• On the basis of modification methods, the global pea starch market is segmented into chemical modification and physical modification. In 2021, the physical modification segment is dominating the market as the physical method is the most commonly used method of preparation, and the method is comparatively less expensive than the chemical modification method.
• On the basis of source, the global pea starch market is segmented into organic/non-GMO and inorganic/GMO. In 2021, inorganic / GMO in source segment, by volume dominated the market with a share of 67.31% as inorganic peas starch is readily available in the market and is cheaper as compared to organic/non-GMO pea starch.
• On the basis of product, the global pea starch market is segmented into native pea starch and modified pea starch. In 2021, native pea starch in product segment, volume dominated the market with a share of 74.90% as after the extraction process of pea starch from the dry peas is in the native state that is basically in pure form and can be used in various applications such as in the preparation of food & beverages, pharmaceuticals, animal feeds and others.
• On the basis of form, the global pea starch market is segmented into powder and liquid. In 2021, powder in form segment, by volume dominated the market with a share of 72.76% as powdered pea starch are easily available in powder form and can be used for many applications compared to liquid as the liquid has very limited usage utilized by few manufactures.
• On the basis of grade, the global pea starch market is segmented into food, feed and industrial. In 2021, food in grade segment, by volume dominated the market with a share of 57.71% share as the pea starch is widely used as they form a thickening solution and can create gel-like mixture and make the food taste good as compared to the industrial and feed segment.
• On the basis of function, the global pea starch market is segmented into binding and thickening, gelling, texturizing, film forming, coating, swelling and solubility, enzymatic & acid hydrolysis and others. In 2021, binding and thickening segment, by volume dominated the market with a share of 29.59%

Binding and thickening will dominate the function segment of the global pea starch market

• In 2021, the binding and thickening segment is expected to flourish its dominance during the forecast period. This is because of the growth and expansion of the food and beverages industry and the amylase presence in the pea starch is in higher demand due to its binding properties of the raw material in the product mixture.
• On the basis of application, the global pea starch market is segmented into food, pharmaceuticals and nutraceuticals, industrial and others. In 2021, food & beverages in application segment, by volume dominated the market with a share of 38.53% as the pea starch is widely used in the preparation of food and beverage products as they are easily available and can be utilized to prepare.

Food & beverages will dominate the application segment of the global pea starch market

• In 2021, the food & beverages segment is expected to flourish its dominance during the forecast period. This is because of the growth and expansion of the food and beverages industry. Further, the growing popularity of bakery products will yet again bolster the market's growth.

Major Players

Data Bridge Market Research recognizes the following companies as the major market players in market are AGT Food and Ingredients (Canada), Puris Foods (U.S.), Meelunie B.V. (Netherlands), The Scoular Company (U.S.), Shandong Jianyuan Group (China), American Key Food Products. (U.S.), Dakota Dry Bean (U.S.), Royal Ingredients Group B.V. (Netherlands), Agridient Inc. (U.S.), Euroduna Food Ingredients GmbH (Germany), NISCO ApS (Denmark), and Shandong Jindu Talin Foods Co., Ltd (China).

Market Development

• In December 2019, Roquette Frères launched a new product due to the increasing demands of consumers, Roquette pea starch LN 30. This company has fulfilled the demands of consumers and will add to the growth of the starch segment of the company. It is suitable for applications that come in powder shake and snack bar formats
• In August 2020, COSUCRA introduced a range of pea-based ingredients in North America over the past 12 months, including Nastar native pea starch, which has applications in plant-based meat and dairy alternatives, as well as baked foods and snacks. It provides gelling properties and is resistant to shearing, acid conditions, and heat treatment. It is available in a neutral-tasting white powder format and in a pregelatinized format. This launch will help the company grow globally in the pea starch segment.
• In April 2019, Roquette expanded the 'Beauté by Roquette' line offering for the Cosmetics industry to introduce groundbreaking plant-based products revealed at the tradeshow. Beauté by Roquette ST 720, modern pea starch is a perfect film-forming agent that provides a flexible, smooth, and long-lasting barrier on both skin and hair.

Regional Analysis

Geographically, the countries covered in the food micronized salt market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in pea starch market during the forecast period 2021 - 2028

Asia-Pacific dominates the food micronized salt market due to the increasing number of local micronized salt players. China dominates the Asia-Pacific food micronized salt market because of the emerging opportunities for micronized salt in the food and beverage industries.   

North America is estimated to be the fastest-growing region in pea starch market the forecast period 2021 - 2028

North America is expected to grow during the forecast period owing to a growth in the e-commerce industry in this region. Furthermore, the trend will change when the processed food industry establishes itself in the U.S., Canada, and Mexico.

COVID-19 Impact Analysis

The global COVID-19 virus outbreak is significantly affecting world trade. Compared to other agricultural sectors, the impact on the grains, pulses, legumes, and oilseeds sectors is typically less severe. However, the World Bank reports that export limitations followed by supply chain interruptions caused a 6% reduction in the import of pulses and legumes (including peas) from January 2019 to February 2020. The price of agricultural products, particularly peas, is directly impacted by export limitations, and it is anticipated that this will automatically have a negative pricing impact on its processed products, such as protein, fiber, and starch.

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