Pea Starch Market Is Likely to Experience a Tremendous Growth by 2031

The global pea starch market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The rising demand for gluten-free products and pea fibers is contributing to the growth of the pea starch market across the globe. Gluten is a protein found in wheat, barley, and rye, many people are gluten intolerant as it causes medical issues such as diarrhea, fatigue, osteoporosis, bloating, and others. According to the data released by the Gluten Intolerance Group, in 2020, around 1 in 100 individuals globally, and over 3 million people in the US are gluten intolerant, which has accelerated the demand for pea starch across the globe. The pea starch is gluten-free which is safe to use for patients with gluten-related disorders such as celiac and others. Additionally, compared to gluten products, pea starch products are also easy to digest and are light on the stomach.

Resultantly, several food product manufacturers are inclined towards adopting various strategic initiatives such as innovated product launches and others catering to fulfill the rising demand for gluten-free starch products. For instance, in February 2021, AKFP (American Key Food Products) launched organic native tapioca starch that is certified gluten-free and paleo- and vegan-friendly. The product has been derived from the root of the cassava plant, the non-modified pea starch. It is equally effective as a thickener, filler, binder and stabilizer in baked foods, extruded snacks, frozen food, dry mixes, soups, sauces and gravies.

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Market Coverage

•The market number available for – 2023-2031

• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Function
• By Source
• By Application

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

•Competitive Landscape- Cargill Inc., American Key Products, Inc., Emsland-Starke limited liability company, Sansar Bio-Polymers Ltd., and others.

Pea Starch Market Report Segment

By Function

•Binding & Thickening 

•Gelling 

•Texturizing

•Film Forming

By Source

•Organic

•Conventional

By Application

•Food & Beverages

•Animal Feed and Pet Food

•Clinical Nutrition and Cosmetics

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Pea Starch Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•Latin America

•Middle East and Africa 

Company Profiles 

•Axiom Foods Inc.

•Vestkorn Milling AS Kvernveien

•COSUCRA – GROUPE WARCOING

•Felleskjøpet Rogaland Agder (FKRA)

•Meelunie

•PURIS 

•Roquette Frères

•The Scoular Co.

•YANTAI SHUANGTA FOOD CO.,LTD.s

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Article source: https://article-realm.com/article/Food-Beverage/61681-Pea-Starch-Market-Is-Likely-to-Experience-a-Tremendous-Growth-by-2031.html