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
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