Pigeon Peas Market was worth US$ 164.05 million in 2024 and is anticipated to reach a valuation of US$ 201.52 million by 2029 and is predicted to register a CAGR of 4.2% during 2024 to 2029.
Pigeon peas are edible seeds that belong to the Leguminosae family of legumes. It is a perennial plant that is widely utilized for animal feed and the production of pulses. It increases soil structure while providing high-quality protein. Pigeon peas come in four variations: tall varieties, tree types, dwarf varieties, and smaller bushes. Furthermore, India, Latin America, and Eastern Africa are the top producers of pigeon peas. Pigeon peas are high in calories, carbs, vitamins, proteins, and amino acids, among other nutrients. Pigeon pea increases soil fertilizer via symbiotic nitrogen fixation, providing farmers with a valuable organic product as well as micronutrients. Pigeon pea is utilized in a variety of farming methods as green manure, cover crop, intercrop, and more. Because pigeon pea has a wide range of commercial applications, the worldwide pigeon pea market is likely to rise significantly. Green manure, animal feed, fuel wood, soil conservation, and lac insect rearing are all examples of this. Aside from that, pigeon pea is a staple crop in practically every tropical country. Pigeon pea, a member of the seed pot family, is a high-protein food. Pigeon pea has strong therapeutic effects and is a good source of protein for people who are protein deficient.
The growing preference of consumers for natural items over synthetic products has had a favourable impact on the industry. These factors are anticipated to contribute to the Pigeon Peas Market growth.
The low price of pigeon pea, long storage ease, expanding demand for processed products, advanced hybrid seed production technology, increased production capacity, and logistical infrastructure are all driving expansion in the pigeon pea market.
Furthermore, as consumers grow more health and nutrition-conscious, government programs for farmer welfare, and increased government investment in the agriculture sector, pigeon pea demand is expected to rise over the projection period. Other significant aspects driving the pigeon pea market include low manufacturing costs and ease of processing. Premium and mild pigeon peas are the two most common varieties. Another important aspect driving the pigeon pea market is the production and processing of both types of pigeon pea. Pigeon peas are a perennial plant that is widely utilized for animal feed and lentil production. Government subsidies for agricultural crops, farmer welfare programs, and increased government investment in the entire agriculture sector are all helping to improve the pigeon pea market in various regions of the world. These factors are anticipated to propel the Pigeon Peas Market growth.
Seasonal changes in pattern, substitutes for pigeon pea, the unorganised sector, price fluctuation, high-quality standards, and the threat of pathogens such as fusarium wilt disease and pests that attack crops are the most significant production constraints that may stymie the pigeon pea market's growth in the near future. These are some of the factors which are holding back the Pigeon Peas Market growth.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2029 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2029 |
|
CAGR |
4.2% |
|
Segments Covered |
By Price Range, Form, Distribution Channel & region |
|
Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
SYMAF Co Ltd, Sun Impex, Interamsa Agroindustrial SAC, A.B.agro Company, Arvind Limited, Akyurek Kardesler Ltd, Taj Foods, Pulses Splitting & Processing Industry Pvt Ltd, Unitex Tanzania Limited, Cargill. |
The Pigeon Peas Market has been divided by price range into, low, mid and high. The price range segment of the Pigeon Peas market is dominated by the mid-range category with the highest market share of about 50%. From 2022 to 2027, Its market dominance is due to the fact that it is inexpensive to consumers from all socioeconomic backgrounds. In terms of growth, the premium pricing range is predicted to expand at a significant CAGR of 4.7 percent between 2022 and 2027. The main drivers of its growth are people's rising income levels, more awareness of the product, and its numerous features.
The Pigeon Peas Market has been divided by form into, frozen, fresh, canned and dried. The form segment of the Pigeon Peas market is dominated by the frozen category with the higher market share. During the projected period 2022-2027, the frozen category is expected to contribute the most to market share. The surge in demand for frozen items as a result of people's changing lifestyles is one of the main causes for its market growth. The food and beverage business is predicted to grow at a rapid pace, with demand for frozen items expected to rise as a result.
Last year, in 2021, grocery stores had a significant market share. During the forecast period 2022-2027, the online/e-commerce category is predicted to be the major contributor to market growth. The rise of the online segment throughout the forecast period is due to rising consumer knowledge of the product, increased use of mobile data, and the product's ease of availability.
Due to technological advancements, excellent climatic conditions, and a strong demand for flavourful food in the region, North America dominates the Pigeon Peas market, followed by Europe and the Asia-Pacific region.
Following North America, Europe is witnessing a high-value share in the global Pigeon Peas market, with a big number of plant-based protein manufacturers being a prominent component.
In terms of increasing consumer concern on dietary food habits, developing logistical infrastructure, expanding import demand for pigeon pea, and rising per capita spending on processed pulses, Asia Pacific has a lot of potentials. Furthermore, in these areas, early mature pigeon pea varieties allow farmers to save money while broadening their market reach.
Japan creates R&D centers and good temperature conditions in these places due to advanced technology and significant demand for flavourful foods.
Furthermore, India is the world's greatest pigeon pea producer, accounting for 82 percent of total pigeon pea production, followed by the Indian subcontinent.
Key Players in Pigeon Peas Market are SYMAF Co Ltd, Sun Impex, Interamsa Agroindustrial SAC, A.B.agro Company, Arvind Limited, Akyurek Kardesler Ltd, Taj Foods, Pulses Splitting & Processing Industry Pvt Ltd, Unitex Tanzania Limited, Cargill.
the pod wall of some legumes, such as soybeans, served as a sink for the acquisition and storage of carbohydrates before being mobilised and transmitted to developing seeds.
By Price Range:
Low
By Form:
By Distribution Channel:
Frequently Asked Questions
Pigeon peas are primarily used as a food source, both for human consumption and as animal feed. They can be cooked and eaten whole or split, and are used in a variety of dishes such as soups, stews, curries, and dals. Additionally, pigeon peas are valued for their nitrogen-fixing properties, which make them beneficial for soil health and crop rotation in agricultural systems.
The global market size of pigeon peas varies depending on factors such as production levels, demand, and international trade. India is the largest producer and consumer of pigeon peas, followed by countries in Africa and the Caribbean. The market size is influenced by factors such as population growth, dietary preferences, and economic conditions in producing and consuming regions.
Cargill, Sun Impex and Taj Foods are a few key Pigeon Peas Market players.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region