Alternatives to modified starches with clean labels are being developed as customers have become more health concerned. The global demand for clean-label starches is driven by a more thorough focus on minimally processed food items, more genuine ingredients, no synthetic additives, and food products free of antibiotics. Companies have introduced processed food items, including items based on pea starch, in response to the rising demand for healthier products. The main driver of the pea starch market's expansion is the increased acceptance of flexitarianism, dietary supplements, and veganism.
During the projected period (2023-2028), the Pea Starch Market is anticipated to increase from USD 128.50 million in 2023 to USD 190.21 million, at a CAGR of 8.16%.
Leading Companies in the Pea Starch Industry:
1. Groupe Emsland: Established in 1999. Headquarters in the United States. Information service provider offering helpful resources for ambulatory cardiac monitoring to medical doctors and other professionals. The company specialises in compiling all ambulatory cardiac monitoring technologies, clinical advancements, and useful industry insights. As a result, doctors and other medical professionals can access all the information they need in one location rather than all over the internet, which will aid in the diagnosis and management of cardiac arrhythmias.
2. Roquette Freres: Roquette Ventures, the corporate venture capital division of Roquette Frères with headquarters in Lestrem, France, was established in 2015. The business wants to invest in the food, nutrition, and healthcare industries. Roquette signs a contract to buy Qualicaps, strengthening its position in the pharmaceutical sector on a global scale.
3. The Scoular Company: Developed in 1892. Headquarters located in the US. Service provider for agricultural drayage. Drayage, transload/cross-dock, pool distribution, warehousing/distribution, and dedicated transportation facilities are among the services offered by the business. Four facilities are now owned by Scoular in northwest Kansas.
4. Cosucra- Groupe Warcoing: Headquarters in Warcoing, Belgium; founded in 1851. Manufacturer of food ingredients for the functional performance, plant-based, and health markets. The business provides local growers of chicory and peas with pea starch, pea fibre, pea protein, and chicory root fibre, assisting food producers in creating products using naturally sourced ingredients. A distribution contract has been signed between Gillco Ingredients and COSUCRA Inc., the North American division of parent business COSUCRA Groupe Warcoing S.A.
5. Ingredion Incorporated: Headquarters in the United States; founded in 1906. Around 70% of sales at Ingredion come from the production of ingredients for the food and beverage industries. The paper, personal care, and animal feeding sectors account for the remaining sales. A little over one-third of sales are made up of speciality, value-added products, with the remaining two-thirds coming from commodity-grade ingredients. Ingredion is a worldwide player with good exposure to growing markets, including Latin America and Asia-Pacific, as the majority of its sales are made outside of the United States. Amishi Drugs (Jun 2022), Katech (Apr 2021), and Verdient Foods (Nov 2020) are the most recent acquisitions.
6. Axiom Foods Inc.: Founded in 2021, with headquarters in Israel's Tel Aviv. Creator of a security platform for the cloud that automates cloud identity and access management procedures. By offering just-in-time personalised service access, the company platform aims to automatically orchestrate cloud and SaaS IAM. Developers will have easy access to the tools they need, and the security and operations team will ensure the necessary security guarantees while minimising operational overhead and user friction.
7. Yantai Shuangta Food Co. Ltd: Chinese headquarters; founded in 1992. Chinese company Yantai Shuangta Food Co Ltd manufactures vermicelli. Pure bean vermicelli, grain vermicelli, sweet potato vermicelli, pea protein, dietary fibre, and edible fungi are a few of the company's key offerings.
*Definition: Pea starch is used as a gelling agent in the food & beverage industry for various food products, as it helps improve the consistency of water-based products.
