Quick Summary:
In the ever-evolving and diversified global food industry, insightful market intelligence is crucial for strategic business decisions. Delve into valuable insights with this comprehensive analysis of the burgeoning Pigeon Pea Market. Known for its rich nutritional profile and beneficial health properties, the consumption of pigeon peas is on a significant incline globally. Its versatile usage spans across animal feed, cooking fuel, lac insect cultivation, soil conservation, and so much more.
This in-depth report provides meticulously detailed trends and forecasts at both global and regional levels, making it an essential purchase for senior executives looking to stay attuned with market fluctuations. In addition, this study elucidates the competitive dynamics of this growing industry, offering detailed profiles of major industry players to give you an edge in your strategic planning. Understanding the potential of this highly adaptable crop can help place your company at the forefront of this expanding market.
Pigeon pea is a tropical plant of the pea family, which is commonly grown as a food crop. It has a deep tap-root structure that enables it to collect water and other nutrients from the secondary soil profile for thriving during dry seasons. It is a rich source of thiamin, riboflavin, niacin, vitamin B-6, folate, vitamin A, calcium, iron, magnesium, phosphorous, and potassium. It helps prevent and cure ailments like bronchitis, coughs, pneumonia, respiratory infections, pain, menstrual disorders, sores, wounds, abdominal tumors, diabetes, acidity, stomach pain, poisoning, piles, and swelling of internal organs. Besides this, as it is an ideal supplement for a protein-deficient diet, the consumption of pigeon pea is rising across the globe.
Pigeon Pea Market Trends:
At present, pigeon pea finds extensive applications in animal feed, fuel wood, rearing lac insects, green manuring, soil conservation, and windbreaks. Besides this, it is employed in the food and beverage industry for preparing different soups, stews, curries, sauces, and rice dishes on account of its numerous health benefits. These health benefits include boosting energy, building immunity, preventing anaemia, treating inflammation, maintaining blood pressure, and strengthening the cardiovascular system and digestive systems. Moreover, pigeon pea is considered one of the most pivotal pulse crops for food and feed security in dry places due to its high drought resilience. Apart from this, the perennial nature of pigeon pea enables farmers to take multiple harvests and use the surplus for trade in both local and international markets. This, coupled with the rapidly growing population, low prices, expanding imports, rising per capita income and the easy availability of high storage facilities worldwide, is projected to create a positive outlook for the market in the upcoming years.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global pigeon pea market report, along with forecasts at the global and regional level from 2023-2028.Breakup by Region:
- India
- Myanmar
- Malawi
- Kenya
- Tanzania
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.Key Questions Answered in This Report
1. What was the size of the global pigeon pea market in 2022?2. What is the expected growth rate of the global pigeon pea market during 2023-2028?
3. What are the key factors driving the global pigeon pea market?
4. What has been the impact of COVID-19 on the global pigeon pea market?
5. What are the key regions in the global pigeon pea market?
Report Attribute | Details |
---|---|
No. of Pages | 142 |
Published | July 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value in 2022 | 14.6 Million Tons |
Forecasted Market Value by 2028 | 25.9 Million Tons |
Compound Annual Growth Rate | 10.0% |
Regions Covered | Global |
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