Authored By: Sarah
20 Dec 2021

Pea Protein Processing Equipment Market Size to Grow by $ 23.04 mn During 2020-2024

Technavio has been monitoring the pea protein processing equipment market and it is expected to grow by $ 23.04 mn, accelerating at a CAGR of almost 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Pea Protein Processing Equipment Market: North America to lead market growth during the forecast period

  • 39% of the market growth will originate from North America during the forecast period.
  • Expansions of pea protein processing plants will be a key trend that will influence market growth significantly.
  • The Health and nutritional benefits of pea protein will be a significant factor in driving the growth of the pea protein processing equipment market.

Pea Protein Processing Equipment Market Size Growth by $ 23.04 Million During till 2024 | Key Geographies that will Drive Growth

Pea Protein Processing Equipment Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AKYUREK TECHNOLOGY, Alfa Laval AB, Alvan Blanch Development Co., Andritz AG, Buhler AG, GEA Group Aktiengesellschaft, Hosokawa Micron Corp., JK Machinery Sro, John Bean Technologies Corp., and Satake Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Pea Protein Processing Equipment Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive pea protein processing equipment market growth during the next five years
  • Precise estimation of the pea protein processing equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pea protein processing equipment market industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pea protein processing equipment market vendors
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