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

Press Release   •   Oct 03, 2016 18:22 IST

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.

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