Asia-Pacific Pea Starch Market, By Modification Methods (Chemical Modification and Physical Modification), Source (Inorganic/GMO, Organic/Non-GMO), Product (Native Pea Starch, Modified Pea Starch), Form(Powder, Liquid), Grade (Food, Feed, Industrial), Function (Binding & Thickening, Gel Forming, Texturizing, Film Forming, Coating Swelling & Solubility, Enzymatic & Acidic Hydrolysis , Others), Application ( Food & Beverages, Pharmaceutical & Nutraceuticals, Industrial, Feed and Others), Country (Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Asia-Pacific Pea Starch Market
Asia-Pacific pea starch market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.1% in the forecast period of 2021 to 2028 and expected to reach USD 69.27 million by 2028.
Pea starch is non GMO and non allergic starch derived from yellow peas. It is processed form pe flour which is general ingridient obtained from pea. The different products of pea starch in the market includes native pea starch and modified pea starch. These products (native & modified) are used in various industries for various applications.
Increasing awareness of benefits of plant based products, increasing demand of natural products in various applications, high demand of plant based products in cosmetic industry and increase in demand for gluten free products is driving the growth of the market. However, fluctuating prices of raw materials, presence of allergens in pea, unfavorable climatic conditions for cultivation of pea plant, availability of substitute products, lack of awareness about nutritional benefits of pea starch and high production cost restraints and challenge the growth of the pea starch market.
This Asia-Pacific pea starch market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-pacific Pea Starch Market Scope and Market Size
Asia-pacific pea starch market is segmented into seven notable segments which are bifurcated on modification methods, source, product, form, grade, function and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of modification methods, the Asia-pacific pea starch market is segmented into chemical modification and physical modification. In 2021, physical segment is anticipated to dominate the Asia-pacific pea starch market due to increase in demand of physically modified pea starch in Asia-pacific region owing to its health benefits.
- On the basis of source, the Asia-pacific pea starch market is segmented into inorganic/GMO and organic/Non-GMO. In 2021, inorganic segment is anticipated to dominate the Asia-pacific pea starch market due to increase in consumption of inorganic pea starch in Asia-pacific region.
- On the basis of product, the Asia-pacific pea starch market is segmented into native pea starch and modified pea starch. In 2021, native segment is expected to dominate the Asia-pacific pea starch market due to increase in demand of natural products in Asia-pacific region due to increase in number of health conscious people.
- On the basis of form, the Asia-pacific pea starch market is segmented into powder and liquid. In 2021, powder segment is anticipated to dominate the market due to various applications of powdered pea starch in various end use industries.
- On the basis of grade, the Asia-pacific pea starch market is segmented into food, feed and industrial. In 2021, the food grade segment is anticipated to dominate the market due to high category of applications in food and feed industry.
- On the basis of function, the Asia-pacific pea starch market is segmented into binding & thickening, gel forming, texturizing, film forming, coating swelling & solubility, enzymatic & acidic hydrolysis, others. In 2021, Binding and thickening is anticipated to dominate the market due to increase in demand of binding & thickening agents in the market.
- On the basis of application, the Asia-pacific pea starch market is segmented into food & beverages, pharmaceutical & nutraceuticals, industrial, feed and others. In 2021, food & beverages segment is anticipated to dominate the market due to ever rising demand of pea starch food products.
Asia- Pacific Pea Starch Market: Country Level Analysis
Asia-Pacific pea Starch Market is analysed and market size information is provided by country, modification methods, source, product, form, grade, function and application as referenced above.
The countries covered in Asia-Pacific pea starch market are Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and rest of Asia-Pacific.
China is the dominating country in this region due to increased awareness of organic and plant based products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Awareness of Benefits of Pea Starch
Asia-pacific pea starch market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in freezers and changes in regulatory scenarios with their support for the pea starch market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Asia-pacific Pea Starch Market Share Analysis
Asia pacific pea starch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, India presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the Asia-pacific pea starch market.
Some of the major players operating in this market are Roquette frères, AGT Food and Ingredients, Meelunie B.V. , The Scoular Company , Royal Ingredients Group B.V. , Agridient Inc . , Euroduna Food Ingredients GmbH , Cosucra Groupe Warcoing, Axiom Foods, Inc., Yantai Shuangta Food co., LTD, Healy Group, Shandong Jianyuan group, MUBY CHEMICALS, Herba Ingredients BV, Shandong jindu talin foods co., ltd, Bioway (Xi'An) Organic Ingredients Co.,Ltd, Naturz Organics, Sanstar Bio - Polymers Ltd., Sinofi Ingredients, Partner-M, Yantai Oriental Protein Tech Co.,Ltd., U-KaOrganics, IDYL Biotech (yantai) Ltd, Foodchem International Corporation, Nutraonly (Xi'an) Nutritions Inc, Yosin Biotechnology (Yantai) Co., Ltd., CBH, STDM Food & Beverages Private Limited, Allright GC (Jinan) Biotechnology Ltd., Redox, Smart I, ngredients And Specialties Private LimitedInnopack International, Proclive Solutions, and Beijing Yuanzhongfu Trading Co., Ltd.
Many expansions are also initiated by the companies worldwide which are also accelerating the growth of Asia-Pacific pea starch market.
For instance,
- In December 2019, The Scoular Company has expanded its portfolio for freeze-dried pet food ingredient manufacturing and had a subsidiary called Pet source by Scoular. The main reason behind the expansion of portfolio is as pet source is to develop, procure, freeze-dry and package high-protein ingredients for pet food manufacturers. It is among the first in the country to bring these steps together under one roof and positioning itself as the go-to source for pet food companies. This development has helped the company grow in pet food segment.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organization to improve their offering for Panel Mount Industrial Display market through expanded product range.
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