According to Future Market Insights, the Pigeon Pea market is projected to grow at a CAGR of 5.2% during the forecast period. The market value is expected to rise from USD 14,334.5 million in 2022 to USD 23,798.0 million by 2032. At the end of 2021, the market was valued at USD 13,678 million and demonstrated a CAGR of 4.8% from 2016 to 2021.
Pigeon peas are legumes from the Leguminosae family, known for their edible seeds. As a perennial plant, they are commonly used for producing pulses and as animal feed. Also called Cajanus cajan, pigeon peas enhance both protein content and soil structure. They are available in four varieties: tall, tree-like, dwarf, and smaller shrub forms.
Pigeon peas, a crucial legume crop, are now cultivated in tropical and subtropical regions. They were initially domesticated in South Asia and are predominantly produced in Eastern Africa, Latin America, and India. Pigeon peas are rich in vitamins, proteins, carbohydrates, calories, and amino acids.
They enhance soil fertility through symbiotic nitrogen fixation, offering valuable organic matter and minerals to farmers. Pigeon peas are used in various agricultural practices, including green manure, cover crops, and intercropping, among others.
Competitive Landscape
The pigeon pea, a legume native to Africa and Asia, is a widely consumed crop valued for both its seeds and leaves. Its market is highly competitive, with many farmers striving to secure the best prices, leading to significant price volatility from season to season. The global market for pigeon peas is estimated at $2 billion annually. Originally cultivated in India for centuries, the pigeon pea’s popularity has recently surged in Africa and Latin America. As awareness of its nutritional benefits increases, demand for pigeon peas is expected to continue growing.
Key Companies Profiled
- YMAF 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
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Pigeon Pea Market is segmentation
By Price Range:
- Premium
- Mid
- Low
By Form:
- Frozen
- Dried
- Canned
- Fresh
By Distribution channel:
- Hypermarket/Supermarket
- Direct Selling
- Online
By End-use:
- Pharmaceuticals
- Food And Beverage
- Dietary Supplements
- Cosmetics
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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