According to the latest report by IMARC Group, titled "Pigeon Pea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global pigeon pea market reached a volume of 14.6 Million Tons in 2022. Pigeon pea is a type of legume that generally belongs to the Fabaceae family, containing numerous essential nutrients, such as sodium, potassium, carbohydrates, fiber, and magnesium. Being a rich source of protein, it is widely consumed by vegetarians and vegans across the globe. Along with this, the seeds, pods and leaves contain high amounts of phenolic compounds, which have antibacterial, anti-inflammation and antioxidant properties. Therefore, they are also extensively consumed to tackle health-related issues, including stomach pain, acidity and piles, and swelling of internal organs. There has been a considerable rise in the consumption of pigeon peas due to the increasing preference for plant-based diets among the masses.
Global Pigeon Pea Market Trends:
The global market is primarily driven by the growing health-consciousness among individuals. This can be accredited to the changing dietary patterns and the shifting lifestyle preferences of the masses. Moreover, the escalating utilization of pigeon peas in the preparation of diverse food items, such as Caribbean and African rice dishes, stews, soups and Indian dals, is gaining widespread prominence across the globe. In addition to this, continuous improvements in the e-commerce sector and the advent of online delivery models are providing a boost to their demand. This is due to rapid digitization, the penetration of high-speed internet connectivity and the rising utilization of social media platforms. Besides this, the increasing adoption of pigeon peas for formulating animal feed, rearing lac insects and producing fuel woods are acting as other major growth-inducing factors. Also, the product is widely utilized for soil conservation and windbreaks in the agriculture sector, thereby propelling the demand for pigeon peas. Other factors, including significant population growth and the augmenting popularity of international cuisines on the global level, are further positively influencing the market growth. On account of the aforementioned factors, the market is anticipated to reach a volume of 25.9 Million Tons by 2028, exhibiting a CAGR of 9.4% during 2023-2028.
- On the basis of the region, the market has been divided into India, Myanmar, Malawi, Kenya and Tanzania. Among these, India holds the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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