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 million in 2022 to US$ 23,798.0 million by 2032. The Pigeon Pea market was valued at US$ 13,678 million at the end of 2021 and is anticipated to exhibit a CAGR growth of 4.8% from 2016 to 2021.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | US$ 14,334.5 million |
| Market Forecast Value in 2032 | US$ 23,798.0 million |
| Global Growth Rate (2022 to 2032) | 5.2% CAGR |
| Forecast Period | 2022 to 2032 |
| CAGR of the United Kingdom in Europe | 6.1% |
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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 peas 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 is 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 fertilizer and provides farmers with valuable organic product and minerals. Pigeon pea is utilized in a variety of farming methods such as green manure, cover crop, intercrop, and much more.
A new report published by Future market insights, titled, Pigeon Pea Market - Global Opportunity Analysis and Industry Forecast, 2022 to 2032, projects the global Pigeon Pea market to reach US$ 23,798.0 million by 2032. The market was valued at US$ 10,819.7 million in 2016 and is expected to grow at a CAGR of 5.2% from 2022 to 2032.
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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.
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.
Due to superior technology, strong demand for flavored foods, the establishment of Research and Development (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.
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 in 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 grow in the upcoming years.
The European Union is the leading producer of pigeon peas 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 peas, followed by Bangladesh and Pakistan.
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 in 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.
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 other difficulties. 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.
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 peas, the unorganized sector, price fluctuation, high-quality standards, and the threat from pathogens like fusarium wilt disease and pests that attack crops.
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 its seeds are commonly used in curries and other dishes.
The different segments for the extraction of pigeon peas 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.
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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The Pigeon Pea in the market is expected to grow at a CAGR of 5.2% during the forecast period of 2022 to 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.
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 $2 billion annually. The pigeon pea is a highly nutritious legume that is widely consumed in many parts of the world. The plant is native to India and has been cultivated there for centuries. In recent years, the popularity of pigeon pea has grown rapidly in other parts of the world, particularly Africa and Latin America. The demand for pigeon peas is expected to continue to grow in the coming years as more people become aware of their nutritional benefits.
The main uses of pigeon pea are as a food crop and as animal feed. Pigeon pea is an excellent source of protein and essential amino acids, making them an important food crop in many parts of the world.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | US$ million for Value and Units for Volume |
| Key Regions Covered |
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| Key Segments Covered |
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| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Pigeon Pea market will reach a valuation of US$ 14,334.5 Mn by the end of 2022.
The global Pigeon Pea market is forecasted to surpass US$ 23,798.0 Mn by the end of 2032.
USA, Germany, Japan, China, India, Australia, UK are the major countries driving demand for Pigeon Pea Market.
The US Pigeon Pea Market is contributing 34.4% of total value share in global market.
The Germany Pigeon Pea Market is contributing 27.2% of total value share in global market.
In Japan Pigeon Pea Market is contributing 8.8% of total market share which values in year 2022.
In India Pigeon Pea Market is contributing 4.0% of CAGR for latest period.
In China Pigeon Pea Market is contributing 4.1% of CAGR for latest period.
In Australia Pigeon Pea Market is contributing 2.6% of total value share in global market.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Analysis and Forecast 6.1. Price Range 6.2. Form 6.3. Distribution Channel 6.4. End-Use 7. Global Analysis and Forecast, By Price Range 7.1. Premium 7.2. Mid 7.3. Low 8. Global Analysis and Forecast, By Form 8.1. Frozen 8.2. Dried 8.3. Canned 8.4. Fresh 9. Global Analysis and Forecast, By Distribution Channel 9.1. Hypermarket/Supermarket 9.2. Direct Selling 9.3. Online 10. Global Analysis and Forecast, By End-Use 10.1. Pharmaceuticals 10.2. Food And Beverage 10.3. Dietary Supplements 10.4. Cosmetics 11. Global Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. Asia Pacific 11.5. Oceania 11.6. Middle East and Africa (MEA) 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East and Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Price Range, Form, Distribution Channel, and End-Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. YMAF Co Ltd. 20.2. Sun Impex 20.3. Interamsa Agroindustrial SAC 20.4. A.B.agro Company 20.5. Arvind Limited 20.6. Akyurek Kardesler Ltd. 20.7. Taj Foods 20.8. Pulses Splitting & Processing Industry Pvt Ltd 20.9. USD Mnex Tanzania Limited
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Pigeon Pea Market
