Companies Shifting From West to East in Pea Starch Market, Says Fairfield Market Research
A shift towards gluten-free and vegan products is the key driver in the global pea starch market. Pea starch is a viable alternative to modified starch as it is a clean ingredient. Pea starch finds widespread application in confectionaries, cakes, soups, and sauces. Pea starch has notable thickening and binding characteristics, making it an ideal substitute to gelatine. Furthermore, pea starch is an excellent bioplastic as it is renewable and biodegradable.
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Malleability of High Amylase Raises Usage of Pea Starch in Different Foods & Beverages
In 2019, the conventional pea starch segment was considerably larger than its organic counterpart. COVID-19 has had a cataclysmic impact on global supply chains, making it challenging for food producers to source raw materials and provide affordable options. Studies suggest that the binding and thickening enabled by high amylase is poised to raise the usage of pea starch in various food & beverages.
Pea Starch Companies Rushing Into China to Tap Unabated Demand for Dextrin in APAC
The APAC region is anticipated to record the highest growth rates in the pea starch market during the forecast period. China and Japan are huge importers of dextrin and modified starches. In addition, numerous pea starch manufacturers have stated their plans of entering the Chinese market. For e.g. – Euro Technologies expanded its production capacity of pea starch in Russia and simultaneously announced their intent to sell their wares in China.
Companies Launching New Variants and Expanding Production in the Pea Starch Market
In 2019, Roquette released LN 30 to cater to the demand for plant-based protein in sports nutrition. The product is perfectly suited for active nutrition in both snack bar and powder shake formats. In the same year, Ingredion Incorporated launched the PURITY P 1304 pea starch and extended its pet food portfolio. In 2020, Limagrain Ingredients BV unveiled a yellow pea flour pet food that is highly nutritious, helping manufacturers adhere to customer demand for clean-label, grain-free pet food.
In 2021, Puris – a prominent supplier of pea starch – is on track to open a new production facility in Dawson, Minnesota while expanding production at its Turtle Lake, Wisconsin unit. The president of Puris believes that their new manufacturing plant will be one of the largest plant-based protein plants on the continent. Welcoming competition in the pea starch market, he said that there is an imperative to reduce prices by scaling overheads. This can be accomplished by utilizing the whole crop and valorising all parts as opposed to only starch. Puris is seeking to up the stakes in terms of flavour, functionality, colour, solubility, sodium levels, and texture as all pea protein is not the same. The company aims to set the taste and functionality benchmark in the pea starch market.
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Other companies profiled in this report on the pea starch market include Rogaland Agder, Emsland Group, Cosucra Group, Axiom Foods Inc., Parrish Heimbecker, ltd., Meelunie B.V., AGT Food and Ingredients, Felleskjøpet, Warconing SA, The Scoular Company, Shandong Jianyuan Group, Dakota Dry Bean and Vestkorn Milling AS.
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