Published on: May 2022
Uncovering the market share, market growth and market trends of pea starch
The pea starch market was worth $292.9 million in 2018, and it's expected to expand to $544.7 million by 2026, with a CAGR of 8.3% from 2019 to 2026. In 2018, North America was one of the most important regions in the industry, accounting for over 42.1 percent of the total pea starch market share. Pea starch is mostly made from yellow peas and is handled differently than pea flour, which is the most common pea component. Peas are a white powder with a neutral color and flavor that contains around 40% starch. Because of the high amylose content in pea starch granules, it may be distinguished from other native starches. As a result, pea starch has a strong gelling property that allows it to form a gel in water at a considerably lower dosage than other starches, making it an ideal native gelling starch. As a result, pea starch is a vital ingredient in food products that require a short, elastic feel, such as glass noodles or gummy candies. Pea starch improves the texture of meat products, poultry rolls, and vegetarian goods.
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The demand for pea starch as a stabilizing and gelling agent is a major element propelling the worldwide pea starch market forward. It is also gluten-free and lactose-free, and is used as a substitute for carbohydrate sources such as potatoes, peas, and cereal grains. Lactose-intolerant consumers prefer products with pea starch as the main ingredient since it is easier to digest than lactose-containing products. As a result, there has been a rise in the demand for pea starch products among lactose intolerant people. Furthermore, changes in consumer consumption patterns contribute to the market's expansion. Pea starch, for example, is predicted to grow in popularity among health-conscious customers due to its anti-allergic effects and low calorie content. This aspect has a substantial impact on the global market's growth. Furthermore, the global market is boosted by the creation of new goods with increased flavor and benefits, as well as strong marketing support.
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