Latin America Pigeon Peas Market

Latin America Pigeon Peas Market Size, Share, Growth (2022-2027)

Latin America Pigeon Peas Market was worth USD xx billion in 2021 and is estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2027

Latin America Pigeon Peas Market Overview

The pigeon pea is a perennial legume that belongs to the family Fabaceae. Since its domestication in India at least around three and a half millennia ago, its seeds have become a common food grain in Africa, Asia, and Latin America. It is consumed on a large scale mainly in south Asia and is also a major source of protein for the population in the subcontinent. There are four varieties of pigeon peas which are tall varieties, dwarf varieties, tree types, and smaller bushes. Pigeon pea is one of the essential legume crops which originated in South Asia and are now growing in sub-tropical and tropical regions. Moreover, the largest pigeon peas-producing regions are Latin America, India, and Eastern Africa. Pigeon pea contains high levels of nutrition such as carbohydrates, vitamins, calories, proteins, and amino acids. Pigeon pea enhances soil fertilizer through symbiotic nitrogen fixation and enables farmers in having valuable organic products and micronutrients. Pigeon pea is also used as a cover crop, green manure, intercrop and much more in various farming systems.The driving factors of the Latin America Pigeon Peas market are the low cost of pigeon peas, long storage ease, advanced hybrid seed production technology, growing demand for processed products, rising production capacity, and logistical infrastructure. Moreover, consumers becoming health & nutrition conscious, increasing government investment in the agriculture sector and government initiatives for farmers' welfare are some of the other factors which can boost the demand for pigeon pea over the forecast period. However, seasonal changing patterns, unorganized sectors, price fluctuation, high-quality standards, threats from pathogens such as fusarium wilt disease and pests that attack crops and substitutes to pigeon pea are the foremost production are factors that are expected to constrain the growth of this market.

Latin America Pigeon Peas Market Segmentation

based on form

• frozen

• fresh

• canned 

• dried segments.

Frozen segment is expected to grow that the fastest rate in the forecast period.

On the basis of price range, the market is divided

• mid

• premium

• low segments

By distribution channel

• supermarkets

• hypermarkets

• independent grocery stores

• e-commerce 

Independent grocery stores segment is expected to have the largest market share in the segment, while supermarkets and hypermarkets is expected to have the highest growth rate.

Latin America Pigeon Peas Market Regional Analysis

• Brazil

• Argentina

• Chile

• Peru 

Factors such as the growing preference of customers for fiber-rich foods and technological advancements are expected to drive market growth in the region.

Latin America Pigeon Peas Market Keyplayers

1. SYMAF Co Ltd.

2. Sun Impex

3. Interamsa Agroindustrial SAC

4. Arvind Limited

5. A.B.agro Company

6. Akyurek Kardesler Ltd.

7. Taj Foods

8. Pulses Splitting & Processing Industry Pvt Ltd

9. Unitex Tanzania Limited