Pigeon Pea Market

Pigeon Pea Market Overview

According to Future Market Insights research, during the projected period, the Pigeon Pea market is expected to grow at a CAGR of 5.2%. The market value is projected to increase from US$ 14,334.5 Mn in 2022 to US$ 23,798.0 Mn by 2032. The Pigeon Pea market was valued at US$ 13,678 Mn at the end of 2021 and is anticipated to exhibit CAGR growth of 4.8% in 2016-2021.

Introduction

Pigeon peas are legumes, or members of the Leguminosae family, and their edible seeds. It is a perennial plant that is widely used for producing pulses and as animal feed. Another name for pigeon pea is Cajanus Cajan. Both the protein content and soil structure are enhanced. Pigeon peas come in four different varieties: tall variants, tree varieties, dwarf varieties, and smaller shrubs.

One of the most important legume crops, pigeon peas are now grown in tropical and subtropical areas. They were first domesticated in South Asia. Furthermore, Eastern Africa, Latin America, and India are the main producers of pigeon peas. Pigeon peas have a high concentration of vitamins, proteins, carbs, calories, and amino acids.

Through symbiotic nitrogen fixation, pigeon pea increases soil fertiliser and provides farmers with a valuable organic product and minerals. Pigeon pea is utilised in a variety of farming methods as a green manure, cover crop, intercrop, and much more.

Comparing historical outlook and projections for the world's Pigeon Pea

A new report published by Future market insights, titled, "Pigeon Pea Market - Global Opportunity Analysis and Industry Forecast, 2022-2032," projects the global Pigeon Pea market to reach US$ 23,798.0 Mn by 2032. The market was valued at US$ 10,819.7 Mn in 2016, and is expected to grow at a CAGR of 5.2% from 2022 to 2032.

Nandini Roy Choudhury

Principal Consultant

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Country-wise Insights

What is the global market perspective for pigeon peas?

Revenue from the pigeon pea market is anticipated to increase quickly over the projected period. Due to government attempts to regulate the pulses price war and enhance crop quality, the market is expected to do well in the near future. Growing pigeon pea consumption enables farmers to buy additional livestock and diversify pigeon pea production, improving profit and reducing risk.

Why pigeon pea market is growing?

Pigeon peas have a greater standard of protein and amino acids, promote soil fertility, may be eaten in a wide range of ways, and have some medical use for treating stomach issues. These are a few of the variables that could hasten the pigeon pea economy's revenue rise over the forecast timeframe.

frozen is predicted to experience the highest CAGR within the future period based on form. This is due to consumers' changing lifestyles and hectic schedules, which enable producers to offer pulses with long-term storage capacity.

What is the outlook of North America in the market of Pigeon Pea in the world?

Due to superior technology, a strong demand for flavoured foods, the establishment of R&D facilities, and suitable climate conditions in these locations, North America dominates the pigeon pea market, followed by Europe and Japan.

India is also the world's biggest producer of pigeon peas, accounting for 82% of total global production. It is followed by the Indian subcontinent, Eastern and South Africa, and Latin America.

What is the outlook of Europe in the market of Pigeon Pea in the world?

Europe contributes significantly to the global pigeon pea market since it is the largest importer in the world. Pigeon pea consumption has been steadily rising throughout Europe in recent years. This is a result of Indian and Thai food becoming more and more popular in Europe. As a result, it is anticipated that the pigeon pea market would expand during the upcoming years.

Pigeon pea consumption is expanding outside of Europe as well. Pigeon peas are the most widely produced crop in the world, but India also consumes the majority of the crop. In actuality, more than half of the pigeon peas consumed worldwide come from India. It is hardly surprising that the demand is so high given that both Europe and India are expected to growth in the upcoming years.

Import and export scenario of pigeon pea?

The European Union is the leading producer of pigeon pea in the world, with a production share of over 50%. Other major producers include India, Myanmar, and Uganda. The majority of the world's pigeon pea production is exported to developing countries. India is the largest importer of pigeon pea, followed by Bangladesh and Pakistan.

What is the outlook of Asia Pacific in the market of Pigeon Pea in the world?

The market for pigeon peas is expected to grow significantly in Asia Pacific. This product is in high demand, and production is also rising quickly. As a result, prices have decreased and there is now greater competition on the market. Asia Pacific has tremendous potential and is experiencing significant expansion in terms of user dietary eating choices, logistical infrastructure, increased pigeon pea import demand, and per capita spending on processed pulses. Additionally, early-maturing pigeon pea cultivars enable farmers in these regions to reduce costs and broaden their market reach.

Challenges and opportunity for pigeon pea?

In order to maintain this expansion, there are various issues that must be resolved. The product's reliability is one of the key obstacles. The market is flooded with counterfeit and inferior goods, which are harming the pigeon pea's reputation. Storage and transit are another difficulty. This product must be carried and stored carefully to preserve its quality because it is extremely perishable.

Despite these obstacles, the future of the Pigeon Pea market across the Asia-Pacific region is quite promising. With the right steps, these issues can be resolved and the market can keep expanding quickly.

Category-wise Insights

What are the major drivers for Pigeon Pea in Market?

Due to the low cost of pigeon peas, ease of long-term storage, growing demand for processed goods, advanced hybrid germinating seeds technology, increased production capacity, and logistical infrastructure, the pigeon pea industry is expanding at a rapid rate. Other variables that may increase the demand for pigeon peas throughout the projected period include customers who are becoming more health- and nutrition-conscious, government programs for farmers' welfare, and rising government investment in agriculture.

However, the primary production constraints that may further hinder the expansion of the pigeon pea market in the coming years include seasonal changing patterns, replacements for pigeon pea, the unorganized sector, price fluctuation, high quality standards, and the threat from pathogens like fusarium wilt disease and pests that attack crops.

What is the different segment for the extraction of Pigeon Pea seeds?

Pigeon pea is a legume that is native to Africa and Asia. It is a popular food crop in many parts of the world, and its seeds are commonly used in curries and other dishes.

The different segment for the extraction of pigeon pea can be done in two ways. The first method is by crushing the seeds and then boiling them in water. This will release the starch from the seeds, which can be used to make flour or other products. The second method is by soaking the seeds in water for several days, which will allow the enzymes to break down the proteins and release the amino acids.

Where is the origin and maximum export for Pigeon Pea in world?

Pigeon peas are a legume that is grown in many tropical countries. The plant is a small shrub that produces small, round, dark-colored peas. The peas are used in many different dishes, including curries, soups, and stews. Pigeon peas are also used to make dal, a popular Indian dish. The pigeon pea is native to Africa and was introduced to India and other parts of Asia by traders. Today, pigeon peas are grown in many countries, including India, Bangladesh, Pakistan, Nepal, Sri Lanka, and Mozambique. The United States is the largest importer of pigeon peas.

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Supermarket and Industrial Distributors Are Propelling the Growth Pigeon Pea in Market

The Pigeon Pea in market is expected to grow at a CAGR of 5.2% during the forecast period of 2022-2032. Pigeon peas are becoming more popular among supermarket and industrial distributors, propelling the growth of the pigeon pea market. The demand for pigeon peas is driven by the growing popularity of Indian and Pakistani cuisine, as well as the health benefits of the legume. Supermarket and industrial distributors are capitalizing on this demand by stocking more pigeon peas and offering them at competitive prices. As the market for pigeon peas grows, so does the opportunity for profitability.

Competitive Landscape

The pigeon pea is a legume that is native to Africa and Asia. It is a popular food crop in many parts of the world and is grown for both its seeds and its leaves. The pigeon pea is a highly competitive crop in the market, with many farmers vying for the best prices. The competition among growers is intense, and the market for pigeon peas is very volatile. Prices can fluctuate wildly from one season to the next, so farmers must be constantly on the lookout for the best deals. The global market for pigeon peas is estimated to be worth $2 billion annually. The pigeon pea is a highly nutritious legume that is widely consumed in many parts of the world. The plant is native to India and has been cultivated there for centuries. In recent years, the popularity of pigeon pea has grown rapidly in other parts of the world, particularly Africa and Latin America. The demand for pigeon pea is expected to continue to grow in the coming years as more people become aware of its nutritional benefits.

Drivers:

The main uses of pigeon pea are as a food crop and as an animal feed. Pigeon pea is an excellent source of protein and essential amino acids, making it an important food crop in many parts of the world.

Pigeon Pea Market Report Scope

Pigeon Pea Market is segmentation

By Price range, the Pigeon Pea Market is segmented as:

• Premium
• Mid
• Low

By Form, the Pigeon Pea Market is segmented as:

• Frozen
• Dried
• Canned
• Fresh

By Distribution channel, the Pigeon Pea Market is segmented as:

• Hypermarket/Supermarket
• Direct Selling
• Online

By End-use, the Pigeon Pea Market is segmented as:

• Pharmaceuticals
• Food And Beverage
• Dietary Supplements
• Cosmetics

By Region, the Pigeon Pea Market is segmented as:

• North America
• Latin America
• Europe
• Asia Pacific
• Oceania
• MEA