Pigeon Pea Market Size, Share, Growth, And Industry Analysis, By Type (Frozen Pigeon Pea, Dried Pigeon Pea, Canned Pigeon Pea & Fresh Pigeon Pea), By Downstream Industry (Supermarkets, Grocery Stores & Online Stores) And Regional Forecast To 2032

Updated On: 02 September 2024

• 

  Request a Free Sample to learn more about this report

PIGEON PEA MARKET REPORT OVERVIEW

The global Pigeon Pea Market size was USD 14.23 billion in 2023 and the market is projected to touch USD 41.63 billion by 2032, exhibiting a CAGR of 11.33% during the forecast period.

The pigeon pea market, a vital issue of global legume change, has witnessed massive growth pushed via the use of growing call for plant-based totally proteins and sustainable agricultural practices. Pigeon peas, rich in protein, fiber, and vital vitamins, are an increasing number of in demand as a dietary staple in regions which consist of South Asia, Africa, and Latin America. These regions depend on pigeon peas now not high-quality for their nutritional blessings, however moreover for their adaptability to arid climates and terrible soils, making them a essential crop for food safety. This surge in demand has introduced about elevated cultivation and superior agricultural techniques, further boosting marketplace boom.

However, the pigeon pea marketplace faces numerous stressful situations, along with fluctuating expenses, weather trade influences, and confined get right of access to excellent seeds. Price volatility, driven through inconsistent delivery and contact for dynamics, poses a giant risk to each manufacturer and consumers. Despite those demanding conditions, ongoing research and improvement projects, at the element of government assist in key generating areas, motive to enhance pigeon pea manufacturing, enhance supply chain efficiencies, and stabilize market costs, making sure the sustainable increase of the pigeon pea marketplace inside the coming years.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Logistical Challenges

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Lockdowns and motion restrictions affected farming sports, from planting to harvesting, inflicting labor shortages and impacting crop yields. Market get admission to was additionally hindered, with smallholder farmers facing difficulties in selling their produce. Price volatility elevated due to those disruptions, affecting each producer’s profits and clients' purchasing electricity. Despite those demanding situations, the marketplace confirmed resilience, and efforts to beautify local manufacturing and delivery chains have laid a basis for destiny growth.

LATEST TRENDS

"Interest for Value-Added Products to Drive Market Growth"

The Pigeon Pea Market is experiencing a upward push in interest for value-delivered products like pigeon pea flour, flakes, and isolates. This fashion reflects a developing call for convenient, protein-rich substances that cater to various dietary needs. Processing pigeon peas into flour, flakes, and isolates unlocks new programs for this versatile crop. Pigeon pea flour can be utilized in gluten-loose baking mixes or as a nutritious alternative to wheat flour. Flakes offer a convenient option for quick meal instruction, whilst isolates offer a focused supply of plant-based protein ideal for protein powders and sports nutrients merchandise. As customer interest in plant-based totally diets keeps rising, pigeon peas offer a valuable source of protein. Value-introduced products cater to this demand through presenting handy and flexible methods to contain pigeon peas into numerous diets. Additionally, pigeon pea protein is a good source of critical amino acids, making it a properly rounded plant-based protein option.

• 

  Request a Free Sample to learn more about this report

PIGEON PEA MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into frozen pigeon pea, dried pigeon pea, canned pigeon pea & fresh pigeon pea:

• Frozen Pigeon Pea: Convenient and long-lasting, frozen pigeon peas cater to consumers seeking brief meal guidance and prolonged shelf lifestyles.

• Dried Pigeon Pea: Popular for their garage comfort and versatility, dried pigeon peas are extensively used in conventional cooking across numerous cuisines.

• Canned Pigeon Pea: It is Ready-to-use and easily accessible, canned pigeon peas provide comfort for busy clients seeking out short and nutritious meal alternatives.

• Fresh Pigeon Pea: This is valued for its superior flavor and nutritional content material, fresh pigeon peas are preferred in regions where they are locally grown and without problems available.

By Downstream Industry

Based on downstream industry the global market can be categorized into supermarkets, grocery stores & online stores:

• Supermarkets: Supermarkets offer pigeon peas as a staple legume, catering to a diverse customer base looking for convenient access to nutritious food alternatives.

• Grocery Stores: Grocery stores offer pigeon peas to neighborhood groups, assisting conventional diets and culinary practices with clean and packaged options.

• Online Stores: Online shops enlarge the market reach of pigeon peas with the aid of supplying smooth get entry to a variety of products, appealing to tech-savvy purchasers searching for comfort and range.

DRIVING FACTORS

"Increasing Demand for Plant-Based Proteins to Boost the Market"

One of the key driving factors in the global Pigeon Pea market growth is the increasing urbanization and limited living spaces in urban areas. The international shift toward plant-based totally diets has substantially boosted the call for pigeon peas, a wealthy delivers of protein and crucial vitamins. Health-conscious customers and people adopting vegetarian and vegan lifestyles are an increasing number of incorporating pigeon peas into their diets. This trend is not the only every day in traditional pigeon pea-ingesting regions like South Asia and Africa, but is likewise gaining traction in Western markets, wherein clients are seeking out sustainable and healthful protein options.

"Agricultural Sustainability and Climate Resilience to Expand the Market"

Pigeon peas are enormously valued for their ability to develop in arid and semi-arid areas, requiring tremendously low water inputs and being resilient to terrible soil conditions. Their nitrogen-solving homes enhance soil fertility, making them an attractive crop for sustainable agricultural practices. As weather change influences global agriculture, pigeon peas' resilience and contribution to sustainable farming practices are riding their cultivation and market increase, mainly in areas at risk of climate variability.

RESTRAINING FACTOR

"Price Volatility and Market Access to Potentially Impede Market Growth"

The pigeon pea market faces tremendous challenges related to charge volatility and limited market get entry to, especially for smallholder farmers. Fluctuations in supply and call for, inspired with the aid of factors which include climate situations and marketplace disruptions, can lead to risky costs. Smallholder farmers frequently lack the resources and infrastructure to efficaciously navigate those market dynamics, resulting in inconsistent profits and constrained investment capacity. Additionally, logistical challenges, such as insufficient transportation and garage facilities, similarly avoid farmers' ability to reach larger markets and secure honest expenses for their produce.

• 

  Request a Free Sample to learn more about this report

PIGEON PEA MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific to Dominate the Market due to Presence of a Large Consumer Base"

Asia-Pacific has emerged as the most dominant region in the global Pigeon Pea market share due to several factors. India sticks out as the biggest manufacturer and purchaser of pigeon peas, wherein they're a dietary staple and critical protein source in ordinary meals. Neighboring international locations along with Myanmar and China additionally make a contribution appreciably, with Myanmar being a first-rate exporter of pigeon peas to global markets. The vicinity's favorable climatic conditions and agricultural practices aid large-scale cultivation. Additionally, the growing awareness of the fitness benefits of pigeon peas and the rising trend of plant-based diets across Asia similarly gas market call for. Government rules promoting pulse manufacturing and meals security projects make stronger the market's position, ensuring the Asia Pacific place remains at the forefront of the worldwide pigeon pea market.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market through Innovation and Market Expansion

The pigeon pea marketplace is significantly influenced by means of key industry players who play a critical position in shaping marketplace dynamics and consumer options. These key players have installed considerable distribution networks and sturdy delivery chains, ensuring regular availability of pigeon peas to satisfy growing demand. Their strong market presence and emblem popularity foster consumer accept as true with and loyalty, driving the adoption of pigeon peas in numerous regions. Additionally, these industry leaders always put money into agricultural research and development, introducing excessive-yielding and disease-resistant pigeon pea varieties, thereby enhancing productiveness and catering to evolving client needs. The collective efforts of these foremost players profoundly affect the competitive panorama and destiny increase trajectory of the pigeon pea market.

List of Market Players Profiled

• B.agro Company (India)
• Sun Impex (U.A.E.)
• Unitex Tanzania Limited (Tanzania)
• Pulses Splitting & Processing Industry Pvt Ltd (India)
• Akyurek Kardesler (Turkey)
• Interamsa Agroindustrial SAC (Peru)
• SYMAF (Madagascar)
• Taj Foods (U.K.)
• Arvind Limited (India)

INDUSTRIAL DEVELOPMENT

June 2023: The Ingredion Incorporated (US), a main element answers issuer, announced the launch of its new line of "VitaTech™ Pulse Flours," consisting of a sprouted pigeon pea flour version. This improvement exemplifies the fashion of cost-delivered merchandise in the Pigeon Pea Market.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis considers both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including the market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.