Yellow Pigeon Peas Market Size (2023-2030)

The Global Yellow Pigeon Peas Market is valued at USD 7.61 billion in 2023 and is projected to reach USD 11.07 billion by 2030, exhibiting a strong CAGR of 5.5% during the forecast period from 2024 to 2030.

Yellow pigeon peas, scientifically referred to as Cajanus cajan, have become an indispensable legume crop, praised for their nutritional benefits and culinary adaptability. Their rich reserves of protein, dietary fiber, vitamins, and minerals have propelled their popularity as a key component of a well-rounded diet. In response to the growing global trend of healthier eating habits and the rising demand for plant-based proteins, the market for yellow pigeon peas has experienced a significant boost. Their versatility in various cuisines has earned them a special place in traditional dishes, further enhancing their consumption worldwide. The amalgamation of their nutrient content and gastronomic appeal has contributed to their widespread use in kitchens worldwide. As consumers increasingly prioritize health and sustainability, yellow pigeon peas are anticipated to maintain their stronghold in the market, continuing to be a sought-after protein source for conscious eaters seeking both nourishment and environmental responsibility. Moreover, being a legume crop, yellow pigeon peas crop increases soil fertilization and provide farmers with valuable organic product and minerals. Therefore, it is also utilized in various farming techniques like green manure, cover crop, intercrop, and much more.

Global Yellow Pigeon Peas Market Drivers:

Growing Demand for Nutritious Food is Driving Market Growth

In recent times, there has been a surge in consumer interest in healthier dietary choices, leading to a growing demand for nutritious and plant-based foods. Yellow pigeon peas have emerged as a particularly appealing option, as they provide a wealth of essential nutrients, such as protein, iron, potassium, and vitamins. This nutritional profile makes them highly sought after by health-conscious individuals seeking to maintain a balanced diet. As the focus on better eating habits continues to intensify, the yellow pigeon peas market is experiencing considerable growth due to the increasing desire for nourishing food products that align with these health-conscious trends.

Rising Adoption of Plant-Based Proteins Boosts Market

With a heightened awareness of environmental sustainability and ethical concerns, there has been a significant surge in the demand for plant-based protein sources. Yellow pigeon peas have emerged as a sustainable and eco-friendly option, offering an attractive alternative to animal-based proteins. As more individuals adopt plant-based diets, particularly among the vegetarian and vegan communities, the market for yellow pigeon peas is anticipated to experience considerable growth. Their status as a nutritious and environmentally responsible protein source positions them as a preferred choice for health-conscious consumers seeking sustainable dietary options.

Versatile Applications in Global Cuisines Propel Market Expansion

Yellow pigeon peas have established themselves as an essential component of diverse culinary traditions across the globe, with a prominent presence in Asian, African, and Latin American cuisines. Their versatility allows them to be incorporated into a wide range of dishes, including soups, stews, curries, and side dishes, enriching the flavor and nutritional content of meals. The ongoing trend of globalization and the growing cultural exchange of cuisines have further contributed to the surging demand for yellow pigeon peas in the food industry. As people embrace the rich flavors and nutritional benefits of dishes from different regions, the popularity of these peas continues to rise, making them a sought-after ingredient in the global culinary landscape.

Favorable Agricultural Policies Support Market Growth

Numerous countries are enacting supportive agricultural policies and initiatives to drive pulse cultivation, including the growth of yellow pigeon peas. With a focus on enhancing domestic production, boosting farmers' income, and ensuring food security, these favorable measures contribute to a conducive market environment. By encouraging increased production and trade of yellow pigeon peas, these policies pave the way for market growth and a sustainable source of nutritious pulses.

Global Yellow Pigeon Peas Market Challenges:

Climate-Related Risks Impact Production and supply chains and therefore Hampering Market Expansion.

Yellow pigeon peas face inherent vulnerabilities to climate-related risks, including the impact of extreme weather events, prolonged droughts, and the threat of diseases. These factors can significantly disrupt crop yields and availability, subsequently resulting in price fluctuations within the market. The key to maintaining a stable supply of yellow pigeon peas lies in effectively mitigating these climate-related risks through the implementation of sustainable agricultural practices and meticulous crop management. By proactively addressing these challenges, farmers can safeguard their yields and contribute to the reliable and consistent availability of this important legume crop.

Market Fragmentation and Lack of Awareness Restrict Market Penetration.

The yellow pigeon peas market is characterized by fragmentation, comprising numerous small-scale farmers and regional players. However, a significant hurdle to their widespread adoption is the limited awareness about the nutritional benefits and culinary versatility of yellow pigeon peas, particularly in certain regions. To overcome this challenge and drive market penetration, comprehensive awareness campaigns and targeted promotional activities are essential. By educating consumers and highlighting the value of incorporating yellow pigeon peas into their diets, the market can witness significant growth, unlocking the potential of this nutritious and versatile legume crop.

Global Yellow Pigeon Peas Market Opportunities:

Research and Development Initiatives Foster Product Innovation and Opportunities in the Market.

The continuous progress in agricultural biotechnology and crop improvement presents promising prospects for product innovation within the yellow pigeon peas market. Ongoing research and development initiatives aim to create high-yielding and disease-resistant varieties, which have the potential to significantly boost productivity and cater to the increasing demand for yellow pigeon peas. Through these advancements, farmers can achieve higher yields and improve the overall quality of their crops, while meeting the needs of consumers and ensuring a sustainable and thriving market for this nutritious legume crop.

Export Potential Expands Market Reach and Consumer base and Expand Market Growth.

Yellow pigeon peas possess considerable export potential, particularly in regions where surplus production occurs. By venturing into international markets and forging trade partnerships, opportunities for market expansion and revenue generation for yellow pigeon peas producers and exporters can be unlocked. This strategic approach allows surplus crops to find lucrative destinations abroad, tapping into a broader consumer base and diversifying income streams. Embracing global trade opportunities enables the yellow pigeon peas industry to thrive and positively impacts the economies of producing regions, fostering growth and stability in this valuable agricultural sector.

YELLOW PIGEON PEAS MARKET REPORT COVERAGE:

Global Yellow Pigeon Peas Market Segmentation: By Product Type

• Whole Yellow Pigeon Peas

• Split Yellow Pigeon Peas

Based on market segmentation by Product Type, the demand for split yellow pigeon peas is generally higher. Split yellow pigeon peas are more commonly used in various cuisines and recipes, especially in regions where pigeon peas are a staple food. The splitting process involves removing the outer seed coat, making them quicker to cook and easier to digest. Split pigeon peas are commonly used to make dals, soups, stews, and curries, and they are a fundamental ingredient in traditional dishes of many regions.

Global Yellow pigeon peas Market segmentation – By Cultivation Type

• Organic

• Natural

• Hybrid

Based on the market segmentation by Cultivation Type, the demand for Organic Yellow Pigeon Peas has the highest demand base. As consumers are becoming more health-conscious and environmentally aware. Organic farming methods, which avoid the use of synthetic pesticides and fertilizers, appealed to consumers seeking pesticide-free and sustainable food options.

Moreover, Natural farming, which emphasizes working in harmony with nature and minimizing external inputs, also gained popularity, especially among consumers looking for more traditional and holistic farming practices.

Global Yellow pigeon peas Market segmentation – By Processing Type

• Wet Method

• Dry Method

Based on the market segmentation of Processing Type, the Dry Method is often preferred because it allows for better preservation of the pigeon peas' nutritional content and flavor. It also offers more extended storage capabilities, making it more suitable for trade and distribution.

Global Yellow pigeon peas Market segmentation – By Packaging Material

• Plastic-Based

  • PP Bags

  • PE Bags

  • Vacuum Sealed

  • Others

• Natural Fiber-Based     

  • Jute Bags

  • Hessian Bags

• Eco-Friendly Packaging

  • Compostable Bags

  • Paper Bags

  • Others

Based on the segmentation by Packaging materials, Eco-Friendly Packaging such as compostable bags and paper bags, have a huge demand base due to increasing environmental awareness and the desire to reduce plastic waste. Compostable bags are made from biodegradable materials that can break down naturally in composting conditions, while paper bags are recyclable and have a lower environmental impact compared to plastic-based packaging. However, Plastic-based packaging, such as PP bags and PE bags, were widely used in the past due to their cost-effectiveness and convenience, the global movement towards sustainability and eco-consciousness have driven a shift towards eco-friendly and natural fiber-based packaging options.

Global Yellow Pigeon Peas Market Segmentation: By End-use

• Food & Beverage

• Dietary Supplements

• Cosmetic Industry

• Pharmaceutical Industry

Based on end-user segmentation, the Food & Beverage segment has a higher demand for yellow pigeon peas. Yellow pigeon peas are commonly used as an ingredient in various food products, and their versatility in culinary applications makes them a sought-after commodity be it the household, restaurants, or any other culinary-based Industry. However, the Dietary Supplements industry has seen an increase in demand due to their protein content and other nutritional benefits. They provide an alternative plant-based protein source for dietary supplement manufacturers looking to cater to consumers seeking nutritional supplements with plant-derived ingredients.

Yellow pigeon peas Market Segmentation – By Distribution Channel

• Supermarkets and Hypermarkets

• Wholesale Markets

• Online retail

• Others

  • Local Grocery Stores

  • Convenience Stores

Based on the market segmentation by Distribution Channel, Supermarkets and Hypermarkets have the most significant market share in the distribution of yellow pigeon peas. These large retail outlets have wide product offerings and attract a large number of consumers, making them a popular choice for purchasing various food items, including yellow pigeon peas.  Yellow pigeon peas, being a staple ingredient in many cuisines, are likely to have a prominent presence on the shelves of these establishments.

Moreover, Online Retail has been steadily growing in recent years due to the convenience of e-commerce and the increasing trend of online grocery shopping. Online platforms offer consumers the flexibility to order products from the comfort of their homes and have them delivered to their doorsteps.

Global Yellow Pigeon Peas Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• Middle East and Africa

• South America

Based on market segmentation by Region, Asia-Pacific has a huge demand and market share for yellow pigeon peas as the population there incorporates it into various dishes such as dals, curries, and rice-based meals. The consumption of yellow pigeon peas is deeply ingrained in the culinary culture of the countries of this region, contributing to higher demand in the region. Additionally, North America is the fastest-growing region in the Global Yellow Pigeon Peas Market, driven by the increasing popularity of plant-based diets and ethnic cuisines.

Recent Industry Developments:

• On 14^th July 2023, farmers in Australia and Brazil plan to grow the popular yellow lentil for Indian consumers. The Indian Pulses and Grains Association (IPGA) will promote pigeon pea farming in Queensland with the help of the Australian trade body Pulse Australia.
• On 14^th February 2023, European countries require that to successfully enter the European market for pulses, Pigeon Peas should be of high quality and must fulfill stringent food safety requirements.

Global Yellow Pigeon Peas Market Key Players:

1. AGT Foods and Ingredients Inc.

2. BroadGrain Commodities Inc.

3. Adani Wilmar Private Limited

4. Cargill, Inc.

5. Solen Food Industry and Trade Inc.