Pigeon Pea Market Size was estimated at 13.7 (USD Billion) in 2022. Industry is expected to grow from 14.2(USD Billion) in 2023 to 19.6 (USD Billion) by 2032. The Pigeon Pea Market CAGR (growth rate) is expected to be around 3.65% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Pigeon Pea Market Trends Highlighted
The pigeon pea market is experiencing significant growth, driven by increasing demand for healthier food options and plant-based proteins. The growing popularity of vegan and vegetarian diets has boosted demand for pigeon peas, which are a rich source of protein and fiber. Additionally, the rising awareness of the health benefits associated with consuming pigeon peas, such as their high iron content, is further fueling market growth.
Key market opportunities include the development of new and innovative products, such as pigeon pea-based snacks and beverages, to cater to the changing consumer preferences. Additionally, there is a growing interest in exploring the use of pigeon peas in animal feed, as they offer a sustainable and nutritious alternative to traditional feed ingredients.
Trends in the pigeon pea market include the increasing adoption of sustainable farming practices, as well as the development of improved pigeon pea varieties with higher yields and resistance to pests and diseases. The increasing focus on food security and nutritional well-being is also driving demand for pigeon peas, as they are an important source of food and nutrition in many developing countries.
Pigeon Pea Market Drivers
Increasing Demand for Plant-Based Protein
The growing awareness of the health benefits associated with plant-based proteins is driving the demand for pigeon peas. Pigeon peas are a rich source of protein, fiber, and essential vitamins and minerals, making them an ideal ingredient for various plant-based food products. The increasing popularity of vegan and vegetarian diets, coupled with the rising demand for healthy and sustainable food options, is expected to continue to drive the growth of the pigeon pea market.The Pigeon Pea Market Industry is projected to grow at a CAGR of 3.65% from 2023 to 2032, reaching a market valuation of USD 19.6 billion by 2032.
Expansion of the Food Processing Industry
The expanding food processing industry is another key driver of the pigeon pea market growth. Pigeon peas are widely used in the production of various food products, including soups, stews, curries, and snacks. The increasing demand for processed foods, particularly in emerging economies, is expected to fuel the growth of the pigeon pea market. Additionally, the growing popularity of convenience foods and ready-to-eat meals is further contributing to the demand for pigeon peas.
Government Initiatives and Support
Governments in various countries are promoting the cultivation and consumption of pigeon peas to address nutritional deficiencies and improve food security. Pigeon peas are a resilient crop that can be grown in a wide range of climatic conditions, making them a suitable option for smallholder farmers. Government initiatives, such as providing subsidies and technical assistance to farmers, are expected to encourage the production and consumption of pigeon peas, thereby driving the growth of the Pigeon Pea Market Industry.
Pigeon Pea Market Segment Insights
Pigeon Pea Market Type Insights
The Pigeon Pea Market is segmented by Type into Whole and Split. The Whole segment accounted for a larger market share in 2023 and is projected to maintain its dominance throughout the forecast period. The demand for whole pigeon peas is primarily driven by their use in traditional dishes and as a source of protein in various cuisines worldwide.
The Split segment, on the other hand, is gaining popularity due to its convenience and shorter cooking time, making it suitable for quick and easy meals. The Pigeon Pea Market revenue for the Whole segment is estimated to reach USD 8.5 billion by 2024, exhibiting a CAGR of 3.2%. The Split segment is expected to grow at a CAGR of 4.1% during the forecast period, reaching a market value of USD 6.1 billion by 2024. This growth is attributed to the increasing preference for convenience foods and the growing number of working professionals and urban households.
In terms of market share, the Whole segment held approximately 55% of the Pigeon Pea Market in 2023, while the Split segment accounted for the remaining 45%. The Whole segment's dominance is primarily driven by its traditional usage and cultural significance in various cuisines, particularly in South Asia and East Africa.However, the Split segment is expected to gain market share in the coming years due to its ease of use and growing popularity in urban areas. The market dynamics for the Whole and Split segments are influenced by factors such as consumer preferences, changing lifestyles, and the availability of substitutes. The demand for whole pigeon peas is expected to remain strong in traditional markets, while the Split segment is likely to benefit from the increasing demand for convenience foods and packaged products.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Pigeon Pea Market Processing Method Insights
The Pigeon Pea Market segmentation by Processing Method can be divided into Unprocessed and Processed. Primarily, the Unprocessed segment held the largest market share ly in 2023. Stringent government regulations regarding food safety and growing demand for clean-label products are expected to boost the growth of the Unprocessed segment.
However, Processed segment is expected to exhibit a higher CAGR over the forecast period, owing to increasing preference for convenience food products with longer shelf life. The Processed segment is gaining popularity due to rising consumer demand for ready-to-eat and packaged products, along with the increasing penetration of modern food retail.This segment includes various processed forms of pigeon peas, such as canned, frozen, and dried forms.
Pigeon Pea Market Application Insights
The Pigeon Pea Market is segmented based on application into Food, Feed, and Other Industrial Applications. The Food segment accounted for the largest share of the market in 2023 and is projected to continue its dominance during the forecast period owing to the increasing demand for pigeon peas in the food industry as a source of protein and dietary fiber. The Feed segment is also expected to witness significant growth during the forecast period due to the rising demand for pigeon peas as a feed ingredient for livestock due to their nutritional value.The Other Industrial Applications segment is expected to grow at a steady pace during the forecast period due to the increasing use of pigeon peas in various industrial applications such as biofuel production and pharmaceuticals.
Pigeon Pea Market Cultivation Environment Insights
The cultivation environment segment of the Pigeon Pea Market is divided into open-field cultivation and protected cultivation. Protected cultivation refers to the practice of growing crops in controlled environments, such as greenhouses or polytunnels, to optimize crop yield and quality.
Open-field cultivation, on the other hand, involves growing crops directly in the field, exposed to natural elements and environmental factors. In 2023, the open-field cultivation segment accounted for a larger share of the Pigeon Pea Market revenue due to its cost-effectiveness and widespread adoption in developing countries.However, the protected cultivation segment is expected to witness significant growth in the coming years, driven by increasing demand for high-quality, out-of-season pigeon peas.
Pigeon Pea Market Regional Insights
The regional segment of the Pigeon Pea Market exhibits significant variations in market size, growth dynamics, and competitive landscapes. North America and Europe are mature markets with established production and consumption patterns, while APAC, South America, and MEA represent emerging markets with high growth potential.
In 2023, APAC held the largest share of the Pigeon Pea Market, accounting for over 55% of the revenue. The region is home to major pigeon pea producing countries such as India, Myanmar, and Thailand. The growing population and rising disposable incomes in these countries are driving the demand for pigeon pea as a staple food and a source of protein.North America and Europe are expected to witness steady growth in the coming years. The increasing health consciousness and the growing popularity of plant-based diets are contributing to the demand for pigeon peas in these regions. South America and MEA are emerging markets with significant growth potential. The growing demand for pigeon peas as a nutritious and sustainable food source, coupled with the increasing production and consumption in emerging markets, is expected to drive market growth in the coming years.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Pigeon Pea Market Key Players And Competitive Insights
Major players in the Pigeon Pea Market industry are focusing on expanding their presence in emerging markets, increasing their production capacities, and investing in research and development to improve crop yields and quality. Leading Pigeon Pea Market players are also forming strategic alliances and partnerships to strengthen their market positions and gain access to new markets. The Pigeon Pea Market industry is expected to witness significant growth in the coming years, driven by rising demand for plant-based protein, increasing population, and growing awareness of the nutritional benefits of pigeon peas. The Pigeon Pea Market Competitive Landscape is characterized by the presence of both and regional players, with a few major companies accounting for a significant share of the market.A notable competitor in the Pigeon Pea Market is Archer Daniels Midland Company (ADM). ADM is a leader in agricultural commodities and food processing, with a strong presence in the pigeon pea market. The company operates a network of grain elevators, processing plants, and distribution facilities around the world and has a significant presence in emerging markets such as India and Africa.
ADM procures pigeon peas from farmers, processes them into various products such as flour, dhal, and split peas, and distributes them to food manufacturers, retailers, and consumers. The company's strong supply chain and distribution network, as well as its commitment to quality and sustainability, have contributed to its success in the Pigeon Pea Market.Another prominent competitor in the Pigeon Pea Market is Olam International Limited. Olam is a leading supplier of agricultural commodities with a strong presence in the pigeon pea market. The company operates a network of sourcing, processing, and distribution facilities in over 70 countries, and has a significant presence in key pigeon pea producing regions such as India, Myanmar, and Tanzania.
Olam procures pigeon peas from farmers, processes them into various products such as dhal, split peas, and pigeon pea flour, and distributes them to food manufacturers, retailers, and consumers. Olam's strong presence in emerging markets, as well as its commitment to sustainable sourcing practices, have contributed to its success in the Pigeon Pea Market.
Key Companies in the Pigeon Pea Market Include
Pigeon Pea Market Industry Developments
The pigeon pea market is projected to reach USD 19.6 billion by 2032, exhibiting a CAGR of 3.65% during the forecast period. Increasing demand for plant-based protein sources, coupled with the growing popularity of pigeon pea-based products in various cuisines worldwide, is driving market growth. Additionally, rising health consciousness and the nutritional benefits associated with pigeon peas, such as their high protein, fiber, and antioxidant content, are contributing to the market's expansion.
Furthermore, government initiatives in key producing countries to promote pigeon pea cultivation and research are expected to support market growth in the coming years. Recent developments include the launch of new pigeon pea varieties with improved yield and disease resistance, as well as the development of innovative processing technologies to enhance the shelf life and quality of pigeon pea products.
Pigeon Pea Market Segmentation Insights
| Report Attribute/Metric | Details |
| Market Size 2022 | 13.7(USD Billion) |
| Market Size 2023 | 14.2(USD Billion) |
| Market Size 2032 | 19.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.65% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | USAES, Navtan Agro Industries, Kaveri Seed Company, Sriven, Hitech Seeds, Mousumi Agro Tech, JK Agri Genetics, Nandi Seeds, Pro Seeds, Galantis Bio Organics Research, Ankur Seeds, Mahyco, Prabhat Agribiotech, ICRISAT |
| Segments Covered | Type, Processing Method, Application, Cultivation Environment, Regional |
| Key Market Opportunities | Growing demand for plant-based protein Rising health awareness Expansion into new markets Increasing use of processed foods Government support for pigeon pea cultivation |
| Key Market Dynamics | Growing demand for plant-based protein Increasing population and urbanization Rising consumer awareness of health benefits Expansion of pigeon pea cultivation in Asia and Africa Government initiatives to promote pigeon pea production |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Pigeon Pea Market is expected to have an overall valuation of 14.2 Billion USD in 2023.
The Pigeon Pea Market is anticipated to expand at a CAGR of 3.65% from 2024 to 2032.
The Asia-Pacific region is projected to dominate the Pigeon Pea Market throughout the forecast period.
Pigeon Pea finds applications in various sectors, including food and beverages, animal feed, and pharmaceuticals.
Prominent players in the Pigeon Pea Market include Adani Wilmar, Bunge Limited, Cargill, Incorporated, and Louis Dreyfus Company.
Rising demand for plant-based protein, increasing awareness of the nutritional benefits of Pigeon Pea, and expanding applications in food and beverage industries are major factors fueling the market growth.
Challenges in the Pigeon Pea Market include fluctuating raw material prices, pests and diseases affecting crop yield, and limited availability of high-yielding varieties.
Emerging trends include the development of value-added products, such as Pigeon Pea protein isolates and concentrates, and the increasing adoption of sustainable farming practices.
The COVID-19 pandemic had a moderate impact on the Pigeon Pea Market, leading to disruptions in supply chains and fluctuations in demand. However, the market is expected to recover as the pandemic subsides.
The Pigeon Pea Market is anticipated to witness continued growth in the coming years, driven by rising health consciousness, increasing demand for plant-based protein, and expanding applications in various industries.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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