As per the report, the global lentil market attained a volume of 8.45 MMT in 2022. Aided by the increasing demand for plant-based protein sources and the growing adoption of healthy diets, the market is expected to grow at a CAGR of 1.8% between 2023 and 2028 to reach a volume of 9.42 MMT by 2028.
Lentils are legumes that are rich in vitamins, protein, minerals, and fibre. They come in several types, including green, brown, red, yellow, and black lentils, and can be eaten whole, split, or processed into goods like lentil flour. A healthy diet should include lentils since they have many health advantages, including better digestion, help with weight control, and a lower risk of developing chronic diseases.
The increasing demand for plant-based protein sources and the growing adoption of healthy diets are driving the global lentil market growth. Consumers are becoming more health-conscious and are opting for foods that provide essential nutrients, such as vitamins, plant-based proteins, dietary fibre, and minerals. Lentils, being a rich source of these nutrients, have gained popularity as a staple food in many regions, thereby fuelling the lentil market.
Lentil flour, produced by grinding whole or split lentils, is gaining traction as a gluten-free alternative to wheat flour in baking and cooking applications. Lentil flour is rich in protein and fibre, making it a healthier option for consumers with dietary restrictions or those looking for nutritious substitutes for traditional flours.
Furthermore, the rising awareness of the environmental impact of animal-based protein sources has prompted consumers to shift towards more sustainable plant-based alternatives, such as lentils. This shift in consumer preference has created a positive impact on the global lentil market development. Also, the market has expanded as a result of the rising demand for products that are free of allergens and gluten, as lentil-based products meet the needs of customers who have certain dietary constraints.
The growing popularity of ethnic and plant-based cuisine has also contributed to the growth of the global lentil market. Lentils are a key ingredient in various traditional dishes, such as Indian dals, Middle Eastern stews, and Mediterranean salads. As more consumers explore diverse culinary options, the demand for lentils is expected to increase further.
Lentils are legumes that are rich in vitamins, protein, minerals, and fibre. They come in several types, including green, brown, red, yellow, and black lentils, and can be eaten whole, split, or processed into goods like lentil flour. A healthy diet should include lentils since they have many health advantages, including better digestion, help with weight control, and a lower risk of developing chronic diseases.
The increasing demand for plant-based protein sources and the growing adoption of healthy diets are driving the global lentil market growth. Consumers are becoming more health-conscious and are opting for foods that provide essential nutrients, such as vitamins, plant-based proteins, dietary fibre, and minerals. Lentils, being a rich source of these nutrients, have gained popularity as a staple food in many regions, thereby fuelling the lentil market.
Lentil flour, produced by grinding whole or split lentils, is gaining traction as a gluten-free alternative to wheat flour in baking and cooking applications. Lentil flour is rich in protein and fibre, making it a healthier option for consumers with dietary restrictions or those looking for nutritious substitutes for traditional flours.
Furthermore, the rising awareness of the environmental impact of animal-based protein sources has prompted consumers to shift towards more sustainable plant-based alternatives, such as lentils. This shift in consumer preference has created a positive impact on the global lentil market development. Also, the market has expanded as a result of the rising demand for products that are free of allergens and gluten, as lentil-based products meet the needs of customers who have certain dietary constraints.
The growing popularity of ethnic and plant-based cuisine has also contributed to the growth of the global lentil market. Lentils are a key ingredient in various traditional dishes, such as Indian dals, Middle Eastern stews, and Mediterranean salads. As more consumers explore diverse culinary options, the demand for lentils is expected to increase further.
Market Segmentation
The market can be divided based on lentils production, lentils demand, and region.Market Breakup by Lentils Production
Variety
- Red
- Green
- Others
Market Breakup by Lentils Demand
Mode of Transport
- Air
- Sea
- Land
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global biochar companies. Some of the major key players explored in the report are as follows:- AGT Food and Ingredients Inc
- BroadGrain Commodities Inc
- Simpson Seeds Inc
- Archer Daniels Midland Company
- Adani Wilmar Ltd
- Eaternal Health & Organic Foods
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis14 Procurement Mechanism15 Seasonality16 Future Markets (Impact and Physical Settlement)18 Industry Events and Developments1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis14 Procurement Mechanism15 Seasonality16 Future Markets (Impact and Physical Settlement)18 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Lentils Production Analysis
9 Global Lentils Demand Analysis
10 Market Dynamics
12 Trade Data Analysis (HS Code-071340)
13 Price Analysis
17 Competitive Landscape
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Lentils Production Analysis
9 Global Lentils Demand Analysis
10 Market Dynamics
12 Trade Data Analysis (HS Code-071340)
13 Price Analysis
17 Competitive Landscape
Companies Mentioned
- AGT Food and Ingredients Inc.
- BroadGrain Commodities Inc.
- Simpson Seeds Inc.
- Archer Daniels Midland Company
- Adani Wilmar Ltd.
- Eaternal Health & Organic Foods
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 68 |
| Published | April 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value in 2023 | 8.61 MMT |
| Forecasted Market Value by 2028 | 9.42 MMT |
| Compound Annual Growth Rate | 1.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
