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Pigeon Peas Market Analysis By Form (Frozen, Fresh, Canned And Dried), By Price Range (Low, Mid And Premium), By Distribution Channel (Supermarkets And Hypermarkets, Independent Grocery Stores, E-Commerce And Other Distribution Channels) And By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Size, Share, Trends, Demand, Growth and Competitive Analysis Forecast Research Report 2022 to 2027

Published: March, 2023
ID: 5909
Pages: 175
Formats: report pdf report excel report power bi report ppt

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

Pigeon Peas Market was worth US$ 145 million in 2021 and is anticipated to reach a valuation of US$ 338 million by 2027 and is predicted to register a CAGR of 4.2% during 2022-2027.

Pigeon Peas Market Scenario:

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.

Pigeon Peas Market Growth:

The growing preference of consumers for natural items over synthetic products has had a favorable impact on the industry. These factors are anticipated to contribute to the Pigeon Peas Market growth.

Pigeon Peas Market Drivers:

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.

Pigeon Peas Market Restraints:

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.

Recent Developments in the Pigeon Peas Market:

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.

Pigeon Peas Market Segmentation: 

By Price Range:

  • Low

  • Mid

  • High

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.

By Form:

  • Frozen

  • Fresh

  • Canned

  • Dried

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.

By Distribution Channel:

  • Hypermarkets/Supermarkets

  • E-Commerce

  • Grocery Stores

  • Others

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.

Pigeon Peas Market Regional Analysis: 

The Pigeon Peas Market Report includes the segmentation of Regions:

  • North America
  1. The U.S.

  2. Canada

Due to technological advancements, excellent climatic conditions, and a strong demand for flavorful food in the region, North America dominates the Pigeon Peas market, followed by Europe and the Asia-Pacific region.

  • Europe
  1. The U.K.

  2. France

  3. Germany

  4. Netherlands

  5. Russia

  6. Italy

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.

  • Asia Pacific
  1. India

  2. China

  3. Japan

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 flavorful 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.

Pigeon Peas Market Key Players:

  1. SYMAF Co Ltd.

  2. Sun Impex

  3. Interamsa Agroindustrial SAC

  4. A.B.agro Company

  5. Arvind Limited

  6. Akyurek Kardesler Ltd.

  7. Taj Foods

  8. Pulses Splitting & Processing Industry Pvt Ltd

  9. Unitex Tanzania Limited.

  10. Cargill

 

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FAQ's

What can be the total Pigeon Peas Market value?

The Pigeon Peas Market was worth US$ 145 million in 2021 and is anticipated to reach the valuation of US$ 338 million by 2027.

Mention the growth rate of the Pigeon Peas Market?

The Pigeon Peas Market is predicted to register a CAGR of 4.2% during 2022-2027

Name any three Pigeon Peas Market key players?

Cargill, Sun Impex and Taj Foods are a few key Pigeon Peas Market players.

What is the study period of this report?

The study period of this report is from 2022-2027

Which region registered the highest Pigeon Peas Market Share?

The region that registered the highest Pigeon Peas Market Share is the North American region.

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