Global Pigeon Pea Market Catalysed by a Rise in the Number of Health Conscious Consumers

According to IMARC Group, the global pigeon pea market is expected to grow at a CAGR of around 2.4% during 2016-2021.

A recently released report by IMARC Group titled “Pigeon Pea Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” critically examines the global market for pigeon peas. Pigeon peas belong to a tropical plant of the pea family and are primarily grown as a food crop. Their high nutritional value makes them an ideal supplement to protein-deficient diets. Apart from offering nutritional benefits, they also help to combat various health problems such as cough, acidity, stomach pain, poisoning, piles and swelling of internal organs. Pigeon peas have now become an extremely important crop as they are cultivated in virtually every tropical country of the world. Moreover, the perennial nature of pigeon peas enables farmers to take multiple harvests. The resulting surplus can be traded in both local and international markets. IMARC Group estimates suggest that the global pigeon pea market is expected to grow at a CAGR of around 2.4% during 2016-2021 reaching a volume of 6 Million Tons by 2021. Factors that have been proactive in maintaining a stable growth of this market include population growth, improving living standards and growing health awareness among the consumers.

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The report has segmented the global pigeon pea market on the basis of major regions. Currently, India represents the largest producer of pigeon peas accounting for around 70% of the total global production. India is followed by Myanmar, Malawi, Kenya and Tanzania. The report has also analysed the top exporting and importing countries in this market. Myanmar represents the biggest exporter of pigeon peas accounting for nearly 90% of the total global export volumes. Myanmar is followed by Tanzania, Sudan, Kenya, France, Ecuador, Sri Lanka, Peru, India and Malawi.

The report also provides a comprehensive analysis for setting up a pigeon pea processing plant. The study covers all the requisite aspects of the pigeon pea industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the pigeon pea industry in any manner.

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Oct 03, 2016