Pigeon Pea Market to Reach 34.7 Million Tons 2024-2032, Driven by 8.6% CAGR

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. 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.

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Pigeon pea, scientifically known as Cajanus cajan, is a leguminous plant and a significant pulse crop widely cultivated in tropical and subtropical regions. This perennial plant, also known as "red gram" or "arhar dal" in various regions, belongs to the Fabaceae family. Pigeon pea is recognized for its drought tolerance and adaptability to a variety of soil conditions. The plant typically reaches a height of 1 to 4 meters and produces distinctive yellow flowers, followed by elongated pods containing edible seeds. Pigeon pea seeds, commonly referred to as pulses or dal, are a valuable source of plant-based protein and nutrients. These seeds are a staple in many cuisines, especially in South Asia, where they are used in a variety of dishes such as curries, stews, and soups. Beyond its culinary uses, pigeon pea cultivation also serves agricultural purposes, providing nitrogen fixation in the soil and improving overall soil fertility. The crop plays a crucial role in food security and sustainable agriculture, contributing to both human nutrition and environmental conservation.

Market Trends:

The global market is majorly driven by the increasing product demand in maintaining soil health and supporting the growth of subsequent crops. Furthermore, pigeon peas serve as a vital source of plant-based protein, essential amino acids, and other nutrients. The growing global emphasis on plant-based diets and sustainable food sources is contributing to the increasing demand for pigeon peas as a dietary staple, catalyzing its demand. Besides, the crop plays a crucial role in addressing malnutrition and enhancing food security, particularly in regions where it is a dietary mainstay. This, in turn, is propelling the market. Government initiatives and agricultural policies that promote the cultivation of pigeon peas, along with research and development efforts aimed at enhancing crop yields and disease resistance, contribute to market growth. The recognition of pigeon peas as an integral component of sustainable and regenerative agriculture further propels investment and innovation in the sector.

Internationally, pigeon peas have become a significant commodity in global trade. Their popularity is driven by their versatility in culinary applications, as well as their contribution to food security in various countries. Pigeon pea exports are particularly vital for regions where the crop is a staple, providing economic opportunities for farmers and contributing to the income of agricultural communities. Additionally, the adaptability of pigeon peas to diverse agroecological zones and their ability to withstand challenging environmental conditions, such as drought, positions them as a climate-resilient crop. As climate change poses challenges to agriculture, the cultivation of resilient crops like pigeon peas becomes crucial in ensuring food production stability and sustainability, bolstering market growth.

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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

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This release was published on openPR.