Global Pea Starch market is expected to reach 490 million US$ by the end of 2025
Published Date: 2019/2/26
Pea starch is a rich source of amylose (35 %) and this unique feature gives it good thickening and gelling properties which are better than other commonly used starches.
On a global scale, pea starch is a major by-product of pea protein production process. the pea starch product is in the early stages of the global industrialization compared to other starch industry. The whole pea starch market is driven by the new protein extraction market, advanced R&D initiatives, and rising vegetarian population.
Currently, the factors driving the growth of the aforementioned industry are Meats Processing, Asian Pastas. As the demand increases rapidly for downstream industries, and the wider range of applications, the demand for pea starch will correspondingly increase. The increased consumption of pea starch is expected to continue during the remaining years of the forecast period of 2019-2024. Pea starch industry will usher in a rapid growth space.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability, such as Roquette. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in pea starch market will become more intense.
The global Pea Starch market is valued at 310 million US$ in 2018 is expected to reach 490 million US$ by the end of 2025, growing at a CAGR of 6.0% during 2019-2025.
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