North America 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 and Thickening, Gel Forming, Texturizing, Film Forming, Coating Swelling and Solubility, Enzymatic and Acidic Hydrolysis, Others), Application (Food and Beverages, Pharmaceutical and Nutraceuticals, Industrial, Feed, and Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Pea Starch Market
North America 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 a CAGR of 6.9% in the forecast period of 2021 to 2028 and is expected to reach USD 147.96 million by 2028.
Pea starch is non-GMO and non-allergic starch derived from yellow peas. It is processed from pea flour which is a general ingredient obtained from pea. The different products of pea starch in the market include native pea starch and modified pea starch. These products (native and modified) are used in various industries for various applications such as food and beverage, pharmaceutical, among others.
Increasing awareness of the benefits of plant-based products, increasing demand for natural products in various applications, high demand of plant-based products in the cosmetic industry, and increase in demand for gluten-free products are the factors driving the growth of the market. However, fluctuating prices of raw materials, presence of allergens in pea, unfavorable climatic conditions for the cultivation of pea plant, availability of substitute products, lack of awareness about nutritional benefits of pea starch, and high production costs are the factors challenging the growth of the North America pea starch market.
This North America pea starch market report provides details of market share, new developments, and product pipeline analysis, the 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.
North America Pea Starch Market Scope and Market Size
North America 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 North America pea starch market is segmented into the chemical modification and physical modification. In 2021, the physical modification method segment is anticipated to dominate the North America pea starch market due to its nutritional content in the market.
- On the basis of source, the North America pea starch market is segmented into inorganic/GMO and organic/Non-GMO. In 2021, the inorganic segment is anticipated to dominate the North America pea starch market due to an increase in consumption of inorganic pea starch in North America.
- On the basis of product, the North America pea starch market is segmented into native pea starch and modified pea starch. In 2021, the native segment is expected to dominate the North America pea starch market due to an increase in demand for natural products due to awareness of its health benefits.
- On the basis of form, the North America pea starch market is segmented into powder and liquid. In 2021, the powder segment is anticipated to dominate the market due to various applications of powdered pea starch in food & beverage applications.
- On the basis of grade, the North America pea starch market is segmented into food, feed, and industrial. In 2021, the food-grade segment is anticipated to dominate the market due to varieties of food products made from pea starch in the industry and increased demand for such products in North America.
- On the basis of function, the North America pea starch market is segmented into binding and thickening, gel-forming, texturizing, film-forming, coating swelling & solubility, enzymatic and acidic hydrolysis, others. In 2021, binding and thickening is anticipated to dominate the market due to an increase in demand of binding & thickening agents in various categories of application.
- On the basis of application, the North America pea starch market is segmented into food & beverages, pharmaceutical & nutraceuticals, industrial, feed, and others. In 2021, the food segment is anticipated to dominate the market due to increased demand of pea starch in the food industry.
North America Pea Starch Market: Country Level Analysis
North America 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 the North America pea starch market report are the U.S., Canada, and Mexico.
Canada is anticipated to dominate the market due to the increased demand of pea starch in the country.
The U.S. is expected to grow in the market due to the increasing awareness about the nutritional benefits of pea starch.
Mexico is expected to grow in the market owing to the rise in the application of pea starch in various end-user industries.
Increased Consumption of Organic Products
North America pea starch market also provides you with detailed market analysis for every country growth in the industry with sales, components sales, the impact of technological development in freezers, and changes in regulatory scenarios with their support for the pea starch market. The data is available for the historic period 2010 to 2019.
Competitive Landscape and North America Pea Starch Market Share Analysis
North America pea starch market competitive landscape provides details by the 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 North America pea starch market.
Some of the major players operating in this market are AGT Food and Ingredients, PURIS, Meelunie B.V., The Scoular Company, Shandong Jianyuan Group, American Key Food Products. Dakota Dry Bean, Royal Ingredients Group B.V., Agridient Inc . , Euroduna Food Ingredients GmbH, Cosucra Groupe Warcoing, Yantai Oriental Protein Tech Co., Ltd., Nutraonly (Xi'an) Nutritions Inc, Redox, Parrheim Foods, and Birkamidon.
Many expansions are also initiated by the companies worldwide which are also accelerating the growth of North America 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 the portfolio is as the pet source was to develop, procure, freeze-dry and package high-protein ingredients for pet food manufacturers. It was 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 the pet food segment.
Partnership, joint ventures, and other strategies enhance the company's 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 the expanded product range.
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