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The increasing health consciousness among consumers is driving the market growth. Pea starch’s excellent gelling and thickening properties help maintain consistency of food product formulations. Nowadays, people are shifting to gluten-free bakery products, which, in turn, is enhancing the demand for pea starch. Pea starch can be used to prepare many food items like baked goods, pasta, noodles, soup, sauces, and snacks. Further, it blends well with other starch formulations to meet specific requirements.
With the increasing consumer demand to reduce the usage of modified starches, pea starch has come into greater focus. The presence of various nutrients, minerals, and phytonutrients in peas makes it a healthier option. Moreover, the growing popularity of veganism and flexitarian diet is significantly contributing to the demand for plant-based food products and dietary supplements, acting as a catalyst for the growth of the global pea starch industry. The easy availability of these plant-based products and dietary supplements through e-commerce platforms like Amazon (NASDAQ: AMZN) and Alibaba (NYSE: BABA) is expected to enhance the demand for pea starch in the forecast period.
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The major players in the global pea starch market are Ingredion Incorporated, Roquette Frères, Yantai Shuangta Food co., LTD, PURIS, Emsland Group, and Axiom Foods, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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