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Lentil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Lentil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • March 2022
  • 133 pages
  • ID: 4715148
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global lentil market reached a value of 12.6 Million Tons in 2021. Looking forward, the analyst expects the market to reach 24 Million Tons by 2027, exhibiting at a CAGR of 11.17% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Lentils, or lens culinaris, refer to high-protein and -fiber legumes that grow in pods in red, brown, and black colors. They are an excellent source of fibers, vitamins A and B, potassium, iron, and complex carbohydrates. Lentils are specially cultivated for both food and feed purposes to be used across various applications like batter and breading, bakery, beverages, meat, and snack foods. Due to their low cost and high nutrient content, lentils are consumed as a staple food across India, Pakistan, Nepal, Sri Lanka, and Bangladesh. In addition, they offer numerous health benefits, such as lowering the risk of cardiovascular diseases and cancer, controlling diabetes, enhancing metabolism, and improving digestion, which has increased their demand across the globe.

Lentil Market Trends:
The global lentil market is primarily driven by their increasing application as taste and aroma enhancers in soups, sauces, dips, and spreads. They are also widely used in ready-to-eat (RTE) food products, including bakery products and snack foods, which are suitable for both vegetarians and vegans. Besides this, lentils also find applications as animal feed and are combined with cereals to provide a balanced diet of micronutrients and essential amino acids. The rising awareness among individuals about the harmful effects of synthetic chemicals on food products has encouraged consumers to adopt organically produced lentils. These legumes also possess a balanced combination of carbohydrates, which helps replenish energy after a workout, improve stamina, and repair muscle damage. As a result, they are highly preferred by athletes and health-conscious individuals. In addition, the growing organized retail sector is facilitating the availability of lentils across the globe. Moreover, the rising population, improving living standards and changing dietary patterns are some of the other factors increasing the demand for lentils.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global lentil market, along with forecasts at the global and country level from 2022-2027. Our report has categorized the market based on end use.

Breakup by End Use:
Home Use
Snack Food Industry
Flour Industry
Others

Currently, the home use segment holds the majority of the total market share.

Regional Insights:
Canada
India
Australia
Turkey
Nepal
Others

Region-wise, Canada represents the leading market for lentils.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, with detailed profiles of the key players operating in the industry.

Key Questions Answered in This Report:
How has the global lentil market performed so far and how will it perform in the coming years?
Who are the key regions in the global lentil market?
What has been the impact of COVID-19 on the global lentil market?
What are the key end use industries in the global lentil market?
What are the price trends of lentil?
What are the various stages in the value chain of the global lentil market?
What are the key driving factors and challenges in the global lentil market?
What is the structure of the global lentil market and who are the key players?
What is the degree of competition in the global lentil market?
What are the profit margins in the global lentil market?
What are the key requirements for setting up a lentil processing plant?
How lentil is processed?
What are the various unit operations involved in lentil processing plant?
What is the total size of land required for setting up a lentil processing plant?
What are the machinery requirements for setting up a lentil processing plant?
What are the raw material requirements for setting up a lentil processing plant?
What are the packaging requirements for lentil?
What are the transportation requirements for lentil?
What are the utility requirements for setting up a lentil processing plant?
What are the manpower requirements for setting up a lentil processing plant?
What are the infrastructure costs for setting up a lentil processing plant?
What are the capital costs for setting up a lentil processing plant?
What are the operating costs for setting up a lentil processing plant?
What will be the income and expenditures for lentil processing plant?
What is the time required to break-even?

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