Pigeon Peas Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Pigeon Peas market, detailing insights regarding market size, trends, and forecasts from 2023 to 2033. It encompasses industry analysis, segmentation, and region-specific insights, along with technological advancements and key market players.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $2.30 Billion |
| CAGR (2023-2033) | 4.0% |
| 2033 Market Size | $3.43 Billion |
| Top Companies | Agro Products and Agencies, Lamb Weston, Trinity Foods |
| Last Modified Date | 15 Nov 2024 |
Pigeon Peas Market Report (2023 - 2033)
Pigeon Peas Market Overview
What is the Market Size & CAGR of Pigeon Peas market in 2023?
Pigeon Peas Industry Analysis
Pigeon Peas Market Segmentation and Scope
Request a custom research report for industry.
Pigeon Peas Market Analysis Report by Region
Europe Pigeon Peas Market Report:
The European market for Pigeon Peas stood at $0.79 billion in 2023 and is anticipated to expand to $1.18 billion by 2033, benefiting from rising adoption of vegan diets and sustainable sourcing practices.Asia Pacific Pigeon Peas Market Report:
In the Asia Pacific region, the Pigeon Peas market is valued at $0.41 billion in 2023 and projected to grow to $0.61 billion by 2033. India is the largest producer and consumer, highlighting increased local consumption driven by dietary changes.North America Pigeon Peas Market Report:
In North America, the Pigeon Peas market is currently valued at $0.76 billion and is expected to rise to $1.13 billion by 2033. The growing interest in plant-based diets and veganism is enhancing their market appeal.South America Pigeon Peas Market Report:
South America presents a growing niche for Pigeon Peas, with a market size of $0.02 billion in 2023 expected to reach $0.03 billion by 2033. The focus on sustainable agriculture promotes interest in Pigeon Peas as an alternative crop.Middle East & Africa Pigeon Peas Market Report:
The Middle East and Africa market for Pigeon Peas is $0.32 billion in 2023, projected to grow to $0.48 billion by 2033. The region's potential growth is augmented by increasing import activities and local cultivation efforts.Request a custom research report for industry.
Pigeon Peas Market Analysis By Variety
Global Pigeon Peas Market, By Variety Market Analysis (2023 - 2033)
By variety, the Pigeon Peas market comprises Yellow Pigeon Peas, Green Pigeon Peas, and Other Varieties. Yellow Pigeon Peas dominate with a market size of $1.47 billion in 2023, increasing to $2.19 billion by 2033, holding a share of 63.82%. Green Pigeon Peas follow with $0.61 billion and are expected to reach $0.91 billion, maintaining a 26.53% market share. Other varieties contribute less but are growing as preferences diversify.
Pigeon Peas Market Analysis By Application
Global Pigeon Peas Market, By Application Market Analysis (2023 - 2033)
In terms of application, Food Products lead the market, representing $1.47 billion in 2023 and expected to grow to $2.19 billion with a 63.82% share. Animal Feed captures $0.61 billion (26.53% share), while Industrial Uses contribute smaller yet notable figures ($0.22 billion in 2023, projecting to $0.33 billion by 2033).
Pigeon Peas Market Analysis By Distribution Channel
Global Pigeon Peas Market, By Distribution Channel Market Analysis (2023 - 2033)
Distribution channels are segmented into Online and Offline markets. The Online market, valued at $1.97 billion, is projected to grow to $2.94 billion (85.78% share) by 2033, reflecting significant digital purchasing trends. Offline channels are comparatively smaller, with $0.33 billion now, expected to grow to $0.49 billion (14.22% share) during the forecast period.
Pigeon Peas Market Analysis By Processing
Global Pigeon Peas Market, By Processing Method Market Analysis (2023 - 2033)
Regarding processing, Raw Pigeon Peas dominate the market with $1.97 billion currently and a projection of $2.94 billion by 2033, holding an 85.78% share. Processed types, while smaller, are on a growth trajectory from $0.33 billion in 2023 to $0.49 billion (14.22% share).
Pigeon Peas Market Analysis By Geographic Preference
Global Pigeon Peas Market, By Geographic Preference Market Analysis (2023 - 2033)
By geographic preference, the Local Market emphasizes locally sourced Pigeon Peas, valued at $1.97 billion and expected to rise to $2.94 billion (85.78% share). In contrast, the International Market, valued at $0.33 billion, is anticipated to grow to $0.49 billion (14.22% share), reflecting increasing global trade.
Pigeon Peas Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Pigeon Peas Industry
Agro Products and Agencies:
A leading supplier known for high-quality legumes, including Pigeon Peas, with a strong position in the Asian market.Lamb Weston:
An established player focused on innovative food processing techniques, helping to enhance the appeal of Pigeon Peas in the processed food sectors.Trinity Foods:
Specializes in organic pulses and legumes, making significant strides in promoting sustainability in cultivation and processing.We're grateful to work with incredible clients.
