Pigeon Pea Market Insights, Business Prospects, Deep Analysis of Key Vendor in the Industry 2022-2027
Pigeon peas are the edible seeds belonging to legume or leguminosae family. It is a perennial plant used extensively for animal feed and for developing pulses. Pigeon pea is also known as cajanus cajan.It provides quality protein and improves soil structure. There are four varieties of pigeon peas namely tall varieties, tree types, dwarf varieties, and smaller bushes.
Pigeon pea is one of the essential legume crops originated
in South Asia and are now growing in tropical and sub-tropical regions.
Moreover, the largest pigeon peas producing regions are India, Latin America,
and Eastern Africa. Pigeon pea contains high level of nutritional elements such
as calories, carbohydrates, vitamins, proteins, and amino acids.
Pigeon pea enriches soil fertilizer through symbiotic
nitrogen fixation and allows farmers to have a valuable organic product and
micronutrients. Pigeon pea is also used as a green manure, cover crop,
intercrop and much more in various farming systems.
Pigeon Pea Market:
Drivers and Restraints
Pigeon pea market is witnessing maximum growth owing to the
low price of pigeon pea, long storage ease, rising demand for processed
products, advanced hybrid seed production technology, enhanced production
capacity, and logistical infrastructure.
Moreover, consumers are increasingly become health &
nutrition conscious, government initiatives for farmers welfare, and increasing
government investment towards agriculture sector are some of the other factors
that can boost the demand for pigeon pea over the forecast period.
However, seasonal changing pattern, substitutes to pigeon
pea, unorganized sector, price fluctuation, high-quality standards, and the
threat from pathogens such as fusarium wilt disease, & pests that attack
crops are the foremost production constraints which may further hamper the
growth of pigeon pea market in near future.
Pigeon Pea Market:
Overview
Pigeon pea market revenue is expected to grow at a rapid
growth rate, over the forecast period. The market is anticipated to perform
well in the near future owing to the government initiatives to control the
price war of pulses & improve crop quality.Rising demand for pigeon pea
enables farmers to purchase more farm animals and diversify pigeon pea
production thus increasing profit and spread risk.
Moreover, pigeon pea contains high protein level & amino
acids, improves soil fertility along with consumed in a variety of forms and
contains some medicinal value to overcome stomach problems.These are some of
the factors that can accelerate the market revenue growth of pigeon pea during
the forecast period.
Based on form, frozen is anticipated to grow at the highest
CAGR over the forecast period This is attributed to the changing lifestyle and
busy schedule of the consumers which allow manufacturers to offer pulses that
have long term storage capacity.
Pigeon Pea Market:
Region - wise Outlook
Depending on the geographic region, pigeon pea market is
divided into seven key regions: North America, Eastern Europe, Latin America,
Western Europe, Japan, Asia Pacific, and Middle East & Africa. North
America dominates the pigeon pea marketfollowed by Europe and Japan owing
to advanced technology, high demand for flavored food, establishes R&D
facilities and favorable climate conditions in these regions.
Moreover, India is the largest producer of pigeon pea
accounted for 82% of overall pigeon pea production worldwide followed by Indian
subcontinent, Eastern & South Africa, and Latin America.
Asia Pacific holds huge potential and shows substantial
growth in terms of increasing focus towards dietary food habits among
consumers, developing logistical infrastructure, expanding import demand for
pigeon pea, rising per capita spending on processed pulses.Moreover, early
mature pigeon pea varieties in these region allow farmers to reduce costs and
enhance their footprints in expanding markets.
Pigeon Pea Market:
Key Players
Some players of pigeon pea 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
and Unitex Tanzania Limited.
The research report presents a comprehensive assessment of
the market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to categories such as market
segments, geographies, types, technology, material, and applications.
The report covers
exhaustive analysis on
- Market
Segments
- Market
Dynamics
- Market
Size
- Supply
& Demand
- Current
Trends/Issues/Challenges
- Competition
& Companies involved
- Technology
- Value
Chain
Regional analysis
includes
- North
America (U.S., Canada)
- Latin
America (Mexico, Brazil, Argentina)
- Western
Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western
Europe)
- Eastern
Europe (Russia, Poland)
- Asia
Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle
East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
Pigeon Pea Market:
Segmentation
The pigeon pea market has been classified on the basis of
the price range, form and distribution channel.
Based on price range,
the pigeon pea market is segmented into the following:
- Premium
- Mid
- Low
Based on form, the
pigeon pea market is segmented into the following:
- Frozen
- Dried
- Canned
- Fresh
Based on distribution
channel, the pigeon pea market is segmented into the following:
- Supermarket/hypermarket
- Independent
Grocery Stores
- Online/e-Commerce
- Others
Main Report Link: https://www.futuremarketinsights.com/reports/pigeon-pea-market
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