The latest report by IMARC Group titled, “Pigeon Pea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on pigeon pea market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global pigeon pea market size reached 16.1 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 34.7 Million Tons by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032.
Pigeon pea refers to a perennial legume crop primarily cultivated for its edible seeds, which are rich in protein and essential nutrients. Known for its drought-resistant characteristics, this crop thrives in tropical and subtropical regions. Its working mechanism is symbiotic nitrogen fixation, a process that enriches the soil with nitrogen, making it valuable for crop rotation and intercropping systems. The seeds are the primary product, but other parts like leaves and stems are also utilized for animal feed. One of the advantages of cultivating pigeon pea is its ability to improve soil fertility and structure, contributing to sustainable agriculture.
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Market Trends:
The global pigeon pea market is primarily driven by its increasing incorporation into health-conscious diets due to its high protein content. In line with this, the crop's adaptability to diverse climatic conditions is providing an impetus to the market. Moreover, the pressing need for sustainable agricultural practices is acting as a significant growth-inducing factor. In addition to this, rising consumer preference for plant-based proteins is boosting demand. Besides this, its multiple uses, including as an animal feed, are generating further market opportunities. Also, the expanding vegan and vegetarian population is positively impacting the market. The market gains additional traction from the increasing use of pigeon pea in traditional cuisines globally. Apart from this, advancements in seed technology have improved yield rates, thus propelling the market. Added factors contributing to market growth include increased support for small-scale farmers, higher commodity prices motivating production, and growing awareness of food security issues.
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Pigeon Pea Market Segmentation:
Our report has categorized the market based on region.
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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