Leading Pea Starch Function 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. Gelling segment is expected to be the highest contributor to this market, with $15.8 Million in 2020, and is anticipated to reach $22.7 Million by 2029, registering a CAGR of 4.16%. Binding & Thickening segment is anticipated to reach $21.1 Million by 2029 with the highest CAGR of 6.23%. Gelling and Binding & Thickening segments collectively expected to account for about 50.0% share of the Pea Starch market in 2020, with the former constituting around 28.1% share. Binding & Thickening and Texturizing segments are expected to witness significant growth rates at a CAGR of 6.23% and 5.60% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 41.2% in the overall Pea Starch market in 2020, and is anticipated to reach 44.5% by 2029.
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