The Latin America, Middle East and Africa Pea Starch Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
Manufacturers nowadays place a greater emphasis on research and development as active consumers expect a greater ability to monitor their intake despite their hectic schedules. Most health-conscious consumers search for products that will benefit them while incorporating low-glycemic-index foods and substitutes into their diets. Pea starch helps people maintain sustained energy while also helping them manage their blood sugar levels.
The product has numerous applications in nutraceuticals, functional foods, geriatric and therapeutic nutrition, sports nutrition, and weight management. Pea starch, which is easier to digest than items that contain lactose, is preferred by consumers who are lactose intolerant. As a result, there has been a rise in the demand for goods containing pea starch among those who are lactose intolerant. Additionally, modifications in consumer consumption habits support the expansion of the market.
For instance, due to its anti-allergic effects and low-calorie content, pea starch consumption is predicted to rise significantly among health-conscious customers. Therefore, this element has a considerable impact on the expansion of the market. Additionally, the market's growth is boosted by creating new goods with enhanced advantages and tastes, as well as strong marketing support.
Brazil is one of Latin America's economies that is expanding the fastest. Consequently, pea starch's market value is projected to increase over the future years, particularly among the regional vegetarian and vegan communities. The majority of local pea exports and production are within Argentina's authority. According to the Food and Agriculture Organization (FAO) of the United Nations, the primary chickpea-growing regions are the province of Cordoba and the northwest of Argentina. The vegan movement is growing in Argentina's populace due to the successful retail distribution of plant-based goods and the broad knowledge of pea starch's benefits.
The Brazil market dominated the LAMEA Pea Starch Market by Country in 2021; thereby, achieving a market value of $4,077.7 Thousands by 2028. The Argentina market is showcasing a CAGR of 9.6% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 8.7% during (2022 - 2028).
Based on Source, the market is segmented into Inorganic, and Organic. Based on Grade, the market is segmented into Food, Feed, and Industrial. Based on Product Type, the market is segmented into Native, and Modified. Based on Function, the market is segmented into Binding & Thickening, Texturizing, Gelling, Fil Forming, and Others. Based on Application, the market is segmented into Food & Beverages, Industrial, Pet Food, and Feed. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ingredion Incorporated, Roquette Freres SA, Emsland Group, Dakota Dry Bean, Inc., The Scoular Company, Axiom Foods, Inc., Yantai Shuangta Food co., LTD, PURIS, NutriPea LP and Organicway Inc.
Manufacturers nowadays place a greater emphasis on research and development as active consumers expect a greater ability to monitor their intake despite their hectic schedules. Most health-conscious consumers search for products that will benefit them while incorporating low-glycemic-index foods and substitutes into their diets. Pea starch helps people maintain sustained energy while also helping them manage their blood sugar levels.
The product has numerous applications in nutraceuticals, functional foods, geriatric and therapeutic nutrition, sports nutrition, and weight management. Pea starch, which is easier to digest than items that contain lactose, is preferred by consumers who are lactose intolerant. As a result, there has been a rise in the demand for goods containing pea starch among those who are lactose intolerant. Additionally, modifications in consumer consumption habits support the expansion of the market.
For instance, due to its anti-allergic effects and low-calorie content, pea starch consumption is predicted to rise significantly among health-conscious customers. Therefore, this element has a considerable impact on the expansion of the market. Additionally, the market's growth is boosted by creating new goods with enhanced advantages and tastes, as well as strong marketing support.
Brazil is one of Latin America's economies that is expanding the fastest. Consequently, pea starch's market value is projected to increase over the future years, particularly among the regional vegetarian and vegan communities. The majority of local pea exports and production are within Argentina's authority. According to the Food and Agriculture Organization (FAO) of the United Nations, the primary chickpea-growing regions are the province of Cordoba and the northwest of Argentina. The vegan movement is growing in Argentina's populace due to the successful retail distribution of plant-based goods and the broad knowledge of pea starch's benefits.
The Brazil market dominated the LAMEA Pea Starch Market by Country in 2021; thereby, achieving a market value of $4,077.7 Thousands by 2028. The Argentina market is showcasing a CAGR of 9.6% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 8.7% during (2022 - 2028).
Based on Source, the market is segmented into Inorganic, and Organic. Based on Grade, the market is segmented into Food, Feed, and Industrial. Based on Product Type, the market is segmented into Native, and Modified. Based on Function, the market is segmented into Binding & Thickening, Texturizing, Gelling, Fil Forming, and Others. Based on Application, the market is segmented into Food & Beverages, Industrial, Pet Food, and Feed. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ingredion Incorporated, Roquette Freres SA, Emsland Group, Dakota Dry Bean, Inc., The Scoular Company, Axiom Foods, Inc., Yantai Shuangta Food co., LTD, PURIS, NutriPea LP and Organicway Inc.
Scope of the Study
Market Segments Covered in the Report:
By Source
- Inorganic
- Organic
By Grade
- Food
- Feed
- Industrial
By Product Type
- Native
- Modified
By Function
- Binding & Thickening
- Texturizing
- Gelling
- Fil Forming
- Others
By Application
- Food & Beverages
- Industrial
- Pet Food
- Feed
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Ingredion Incorporated
- Roquette Freres SA
- Emsland Group
- Dakota Dry Bean, Inc
- The Scoular Company
- Axiom Foods, Inc
- Yantai Shuangta Food co., LTD
- PURIS
- NutriPea LP
- Organicway Inc
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Pea Starch Market, by Source
1.4.2 LAMEA Pea Starch Market, by Grade
1.4.3 LAMEA Pea Starch Market, by Product Type
1.4.4 LAMEA Pea Starch Market, by Function
1.4.5 LAMEA Pea Starch Market, by Application
1.4.6 LAMEA Pea Starch Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Pea Starch Market by Source
3.1 LAMEA Inorganic Market by Country
3.2 LAMEA Organic Market by Country
Chapter 4. LAMEA Pea Starch Market by Grade
4.1 LAMEA Food Market by Country
4.2 LAMEA Feed Market by Country
4.3 LAMEA Industrial Market by Country
Chapter 5. LAMEA Pea Starch Market by Product Type
5.1 LAMEA Native Market by Country
5.2 LAMEA Modified Market by Country
Chapter 6. LAMEA Pea Starch Market by Function
6.1 LAMEA Binding & Thickening Market by Country
6.2 LAMEA Texturizing Market by Country
6.3 LAMEA Gelling Market by Country
6.4 LAMEA Fil Forming Market by Country
6.5 LAMEA Others Market by Country
Chapter 7. LAMEA Pea Starch Market by Application
7.1 LAMEA Food & Beverages Market by Country
7.2 LAMEA Industrial Market by Country
7.3 LAMEA Pet Food Market by Country
7.4 LAMEA Feed Market by Country
Chapter 8. LAMEA Pea Starch Market by Country
8.1 Brazil Pea Starch Market
8.1.1 Brazil Pea Starch Market by Source
8.1.2 Brazil Pea Starch Market by Grade
8.1.3 Brazil Pea Starch Market by Product Type
8.1.4 Brazil Pea Starch Market by Function
8.1.5 Brazil Pea Starch Market by Application
8.2 Argentina Pea Starch Market
8.2.1 Argentina Pea Starch Market by Source
8.2.2 Argentina Pea Starch Market by Grade
8.2.3 Argentina Pea Starch Market by Product Type
8.2.4 Argentina Pea Starch Market by Function
8.2.5 Argentina Pea Starch Market by Application
8.3 UAE Pea Starch Market
8.3.1 UAE Pea Starch Market by Source
8.3.2 UAE Pea Starch Market by Grade
8.3.3 UAE Pea Starch Market by Product Type
8.3.4 UAE Pea Starch Market by Function
8.3.5 UAE Pea Starch Market by Application
8.4 Saudi Arabia Pea Starch Market
8.4.1 Saudi Arabia Pea Starch Market by Source
8.4.2 Saudi Arabia Pea Starch Market by Grade
8.4.3 Saudi Arabia Pea Starch Market by Product Type
8.4.4 Saudi Arabia Pea Starch Market by Function
8.4.5 Saudi Arabia Pea Starch Market by Application
8.5 South Africa Pea Starch Market
8.5.1 South Africa Pea Starch Market by Source
8.5.2 South Africa Pea Starch Market by Grade
8.5.3 South Africa Pea Starch Market by Product Type
8.5.4 South Africa Pea Starch Market by Function
8.5.5 South Africa Pea Starch Market by Application
8.6 Nigeria Pea Starch Market
8.6.1 Nigeria Pea Starch Market by Source
8.6.2 Nigeria Pea Starch Market by Grade
8.6.3 Nigeria Pea Starch Market by Product Type
8.6.4 Nigeria Pea Starch Market by Function
8.6.5 Nigeria Pea Starch Market by Application
8.7 Rest of LAMEA Pea Starch Market
8.7.1 Rest of LAMEA Pea Starch Market by Source
8.7.2 Rest of LAMEA Pea Starch Market by Grade
8.7.3 Rest of LAMEA Pea Starch Market by Product Type
8.7.4 Rest of LAMEA Pea Starch Market by Function
8.7.5 Rest of LAMEA Pea Starch Market by Application
Chapter 9. Company Profiles
9.1 Ingredion Incorporated
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.1 Acquisition and Mergers:
9.2 Roquette Freres SA
9.2.1 Company Overview
9.2.1.1 Product Launches and Product Expansions:
9.3 Emsland Group
9.3.1 Company Overview
9.3.1.1 Partnerships, Collaborations, and Agreements:
9.4 Dakota Dry Bean, Inc. (Dakota Ingredients)
9.4.1 Company Overview
9.5 The Scoular Company
9.5.1 Company Overview
9.6 Axiom Foods, Inc.
9.6.1 Company Overview
9.7 Yantai Shuangta Food co., LTD
9.7.1 Company Overview
9.8 PURIS
9.8.1 Company Overview
9.9 NutriPea LP
9.9.1 Company Overview
9.10. Organicway Inc.
9.10.1 Company Overview
Companies Mentioned
- Ingredion Incorporated
- Roquette Freres SA
- Emsland Group
- Dakota Dry Bean, Inc.
- The Scoular Company
- Axiom Foods, Inc.
- Yantai Shuangta Food co., LTD
- PURIS
- NutriPea LP
- Organicway Inc.
Methodology
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