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Pigeon Peas Market Growth, Trends, And Forecasts (2018Β–2023)

(Entertainment-NewsWire.com, August 20, 2018 ) Pigeon Peas Market was worth USD xx billion in 2018 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2023. The pigeon pea is a perennial legume which belongs to the family Fabaceae.

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Since its domestication in India at least around three and a half millennia ago, its seeds have become a common food grain in Africa, Asia and Latin America. It is consumed on a large scale mainly in south Asia and is also a major source of protein for the population in the subcontinent.
There are four varieties of pigeon peas which are tall varieties, dwarf varieties, tree types, and smaller bushes. Pigeon pea is one of the essential legume crops which originated in South Asia and are now growing in sub-tropical and tropical regions. Moreover, the largest pigeon peas producing regions are Latin America, India, and Eastern Africa. Pigeon pea contains high level of nutrition such as carbohydrates, vitamins, calories, proteins, and amino acids. Pigeon pea enhances soil fertilizer through symbiotic nitrogen fixation and enables farmers in having a valuable organic product and micronutrients. Pigeon pea is also used as a cover crop, green manure, intercrop and much more in various farming systems.

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The driving factors of global Pigeon Peas market are low cost of pigeon pea, long storage ease, advanced hybrid seed production technology, growing demand for processed products, rising production capacity, and logistical infrastructure. Moreover, consumers becoming health & nutrition conscious, increasing government investment towards agriculture sector and government initiatives for farmers welfare are some of the other factors which can boost the demand for pigeon pea over the forecast period. However, seasonal changing pattern, unorganized sector, price fluctuation, high-quality standards, threat from pathogens such as fusarium wilt disease and pests that attack crops and substitutes to pigeon pea are the foremost production are the factors which are expected to constrain the growth of this market.

The global Pigeon Peas market is segmented based on form into frozen, fresh, canned and dried segments. Frozen segment is expected to grow that the fastest rate in the forecast period. On the basis of price range, the market is divided into mid, premium and low segments. By distribution channel the market is categorised into supermarkets and hypermarkets, independent grocery stores, e-commerce and other distribution channels. Independent grocery stores segment is expected to have the largest market share in the segment, while supermarkets and hypermarkets is expected to have the highest growth rate.

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The Global Pigeon Peas market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Pigeon Peas in the world, which is followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to factors such as growing preference of consumers for fibre rich foods and developing logistical infrastructure. In the Asia Pacific region, India is the largest producer of pigeon pea which accounts to more than eighty percent of global production.

Market Segmentation
Form
• Frozen
• Fresh
• Canned
• Dried
• Y-o-Y Growth Analysis, By Form
• Market Attractiveness Analysis, By Form
• Market Share Analysis, By Form

Price Range
• Low
• Mid
• Premium
• Y-o-Y Growth Analysis, By Price Range
• Market Attractiveness Analysis, By Price Range
• Market Share Analysis, By Price Range

Distribution Channel
• Supermarkets and Hypermarkets
• Independent Grocery Stores
• E-Commerce
• Other Distribution Channels
• Y-o-Y Growth Analysis, By Distribution Channel
• Market Attractiveness Analysis, By Distribution Channel
• Market Share Analysis, By Distribution Channel

The Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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