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The global pigeon peas market reached a volume of 11.6 Million Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 9.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A tropical plant of the pea family, pigeon peas are generally grown as a food crop. They have a high nutritional value which makes them an ideal supplement to the diets that are protein-deficient. They not only offer nutritional benefits but also help to tackle health related issues such as cough, acidity, stomach pain, poisoning, piles and swelling of internal organs. Widely used in animal feed, fuel wood, rearing lac insects, green manuring, soil conservation and windbreaks, pigeon peas have now become an extremely important crop as they are cultivated in virtually every tropical country of the world. Furthermore, the perennial nature of pigeon peas allows farmers to take multiple harvests. The resulting surplus can be traded in both local and international markets. Factors such as population growth, improving living standards and growing health awareness among the consumers are currently influencing the demand for pigeon peas in the global market.
IMARC’s latest study “Pigeon Pea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” provides a detailed insight into the global pigeon pea market. The report has segmented the market on the basis of major geographies. Currently, India represents the largest producer of pigeon peas accounting for around 70% of the total global production. India is followed by Myanmar, Malawi, Kenya and Tanzania. The report has also analysed the top exporting and importing countries in the global pigeon pea market. Myanmar represents the biggest exporter of pigeon peas accounting for nearly 90% of the total global export volumes. Myanmar is followed by Tanzania, Sudan, Kenya, France, Ecuador, Sri Lanka, Peru, India and Malawi. Among the top importing countries, India represents the biggest importer of pigeon peas accounting for more than 95% of the total global import volumes. India is followed by Zimbabwe, the United States, Peru, United Kingdom, Malaysia, Australia, Sri Lanka, Nepal and Canada.
The report also provides a comprehensive analysis for setting up a pigeon peas processing plant. The study covers all the requisite aspects of the pigeon pea industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the pigeon peas industry in any manner.
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