Pigeon Pea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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.

The global pigeon pea market size reached 14.6 Million Tons in 2022. Looking forward, the publisher expects the market to reach 25.9 Million Tons by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028.

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

India currently holds the largest market share on account of the increasing production of pigeon pea in the country. This, coupled with the rising usage of its leaves in the treatment of diarrhea and dysentery and numerous initiatives undertaken by the Government of India for the welfare of farmers, is positively influencing the market.

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

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Pigeon Peas Market

5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 Imports and Exports
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Input Suppliers
5.9.2 Farmers
5.9.3 Collectors
5.9.4 Processors
5.9.5 Distributors
5.9.6 Exporters
5.9.7 Retailers
5.9.8 End-Users
5.10 Porter’s Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Key Market Drivers and Success Factors

6 Performance of Key Regions

6.1 India
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Myanmar
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Malawi
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Kenya
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Tanzania
6.5.1 Market Trends
6.5.2 Market Forecast

7 Competitive Structure

8 Pigeon Pea Processing

8.1 Product Overview
8.2 Detailed Process Flow
8.3 Various Types of Unit Operations Involved
8.4 Mass Balance and Raw Material Requirements

9 Project Details, Requirements and Costs Involved

9.1 Land Requirements and Expenditures
9.2 Construction Requirements and Expenditures
9.3 Plant Machinery
9.4 Machinery Pictures
9.5 Raw Material Requirements and Expenditures
9.6 Raw Material and Final Product Pictures
9.7 Packaging Requirements and Expenditures
9.8 Transportation Requirements and Expenditures
9.9 Utility Requirements and Expenditures
9.10 Manpower Requirements and Expenditures
9.11 Other Capital Investments

10 Loans and Financial Assistance

11 Project Economics

11.1 Capital Cost of the Project
11.2 Techno-Economic Parameters
11.3 Product Pricing and Margins Across Various Levels of the Supply Chain
11.4 Taxation and Depreciation
11.5 Income Projections
11.6 Expenditure Projections
11.7 Financial Analysis
11.8 Profit Analysis

List of Figures

Figure 1: Global: Pigeon Peas Market: Major Drivers and Challenges
Figure 2: Global: Pigeon Peas Market: Volume Trends (in Million Tons), 2017-2022
Figure 3: Global: Pigeon Peas Market: Value Trends (in Million US$), 2017-2022
Figure 4: Global: Pigeon Peas Market: Average Prices (in US$/Ton), 2017-2022
Figure 5: Pigeon Peas Market: Price Structure
Figure 6: Global: Pigeon Peas Market: Breakup by Region (in %), 2022
Figure 7: Global: Pigeon Peas Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 8: Global: Pigeon Peas Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 9: Global: Pigeon Peas Market: Export Volume Trends (in Tons)
Figure 10: Global: Pigeon Peas Market: Breakup by Export Volume (in %)
Figure 11: Global: Pigeon Peas Market: Import Volume Trends (in Tons)
Figure 12: Global: Pigeon Peas Market: Breakup by Import Volume (in %)
Figure 13: Global: Pigeon Peas Industry: SWOT Analysis
Figure 14: Global: Pigeon Peas Industry: Value Chain Analysis
Figure 15: Global: Pigeon Peas Industry: Porter’s Five Forces Analysis
Figure 16: India: Pigeon Peas Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 17: India: Pigeon Peas Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 18: Myanmar: Pigeon Peas Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 19: Myanmar: Pigeon Peas Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 20: Malawi: Pigeon Peas Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 21: Malawi: Pigeon Peas Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 22: Kenya: Pigeon Peas Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 23: Kenya: Pigeon Peas Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 24: Tanzania: Pigeon Peas Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 25: Tanzania: Pigeon Peas Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 26: Pigeon Peas Processing Plant: Detailed Process Flow
Figure 27: Pigeon Peas Processing: Conversion Rate of Products
Figure 28: Pigeon Peas Processing Plant: Breakup of Capital Costs (in %)
Figure 29: Pigeon Peas Industry: Profit Margins at Various Levels of the Supply Chain
Figure 30: Pigeon Peas Processing Plant: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Pigeon Peas Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Pigeon Peas Market Forecast: Breakup by Region (in '000 Tons), 2023-2028
Table 3: Global: Pigeon Peas Market: Competitive Structure
Table 4: Global: Pigeon Peas Market: Export Data of Major Countries
Table 5: Global: Pigeon Peas Market: Import Data of Major Countries
Table 6: Pigeon Peas Processing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Pigeon Peas Processing Plant: Costs Related to Civil Works (in US$)
Table 8: Pigeon Peas Processing Plant: Costs Related to Machinery (in US$)
Table 9: Pigeon Peas Processing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 10: Pigeon Peas Processing Plant: Costs Related to Salaries and Wages (in US$)
Table 11: Pigeon Peas Processing Plant: Costs Related to Other Capital Investments (in US$)
Table 12: Details of Financial Assistance Offered by Financial Institutions
Table 13: Pigeon Peas Processing Plant: Capital Costs (in US$)
Table 14: Pigeon Peas Processing Plant: Techno-Economic Parameters
Table 15: Pigeon Peas Processing Plant: Taxation and Depreciation (in US$)
Table 16: Pigeon Peas Processing Plant: Income Projections (in US$)
Table 17: Pigeon Peas Processing Plant: Expenditure Projections (in US$)
Table 18: Pigeon Peas Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 19: Pigeon Peas Processing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 20: Pigeon Peas Processing Plant: Profit and Loss Account (in US$)