Leading Pea Processed Ingredients Application Markets Databank
The Pea Processed Ingredients market was valued at $2,846.2 Million in 2020, and is projected to reach $5,601.5 Million by 2029 growing at a CAGR of 7.88% from 2021 to 2029. Food segment is expected to be the highest contributor to this market, with $1,526.2 Million in 2020, and is anticipated to reach $2,905.7 Million by 2029, registering a CAGR of 7.48%. Beverage segment is anticipated to reach $1,769.7 Million by 2029 with the highest CAGR of 7.60%. Food and Beverage segments collectively expected to account for about 85.9% share of the Pea Processed Ingredients market in 2020, with the former constituting around 53.6% share. Beverage and Food segments are expected to witness significant growth rates at a CAGR of 7.60% and 7.48% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 85.9% in the overall Pea Processed Ingredients market in 2020, and is anticipated to reach 83.5% by 2029.
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