Leading Pea Starch End-Use Markets Databank
The Pea Starch market was valued at $56.2 Million in 2020, and is projected to reach $87.2 Million by 2029 growing at a CAGR of 5.05% from 2021 to 2029. Food & Beverage segment is expected to be the highest contributor to this market, with $21.0 Million in 2020, and is anticipated to reach $31.1 Million by 2029, registering a CAGR of 4.50%. Textiles segment is anticipated to reach $5.0 Million by 2029 with the highest CAGR of 9.26%. Food & Beverage and Paper segments collectively expected to account for about 68.3% share of the Pea Starch market in 2020, with the former constituting around 37.4% share. Textiles and Pharmaceuticals segments are expected to witness significant growth rates at a CAGR of 9.26% and 6.90% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 16.5% in the overall Pea Starch market in 2020, and is anticipated to reach 20.3% by 2029.
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