Aided by rising health awareness and the shift towards vegetarianism, the lentil market is projected to grow at a CAGR of 1.8% between 2024 and 2032.
Lentils, a staple legume in many parts of the world, are renowned for their nutritional benefits, including high protein, fibre, and essential vitamins and minerals content. These legumes are a critical component of vegetarian and vegan diets due to their high protein content, making them an excellent meat substitute. Lentils are also increasingly being incorporated into various food products, ranging from soups and salads to snacks and meat alternatives, contributing significantly to their market growth.
The increasing awareness among consumers about health and nutrition is significantly driving the lentil market expansion. As global health trends shift towards more sustainable and plant-based diets, lentils are coming to the forefront as a superfood. Their role in enhancing digestive health, reducing cholesterol levels, and managing blood sugar makes them a favoured choice among health-conscious consumers. Additionally, lentils are gluten-free, which makes them a preferred ingredient in gluten-free diet plans, further augmenting their appeal.
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Lentils are not only a health powerhouse but also offer remarkable versatility in culinary applications. Their ability to absorb flavours from spices and other ingredients makes them ideal for diverse cuisines worldwide. In the food processing industry, lentils are utilised in the production of lentil flours, which are used in baking and snack manufacturing, offering a healthier, protein-rich alternative to conventional flours. This is driving the lentil market growth.
Moreover, innovations in snack production using lentils, such as lentil chips and crackers, have opened new avenues for the market growth. These products cater to the rising demand for healthier snacking options among global consumers. This is one of the key lentil market trends.
The global supply of lentils is primarily dominated by countries such as Canada, India, and Australia, which are major producers and exporters. The trade dynamics in these regions significantly impact global prices and supply chains. For instance, fluctuations in crop yields due to climatic conditions can affect global supply and, consequently, market prices.
On the demand side, regions with high vegetarian populations, such as India, continue to consume substantial quantities of lentils, supporting steady the market growth. Additionally, Western countries are experiencing a surge in lentil consumption as part of the growing trend toward plant-based diets, further supported by governmental dietary guidelines promoting pulses as essential diet components. This is expected to continuously lead to the lentil market development.
Despite the promising growth prospects, the lentil market faces challenges such as price volatility and supply chain disruptions, often exacerbated by climate change and geopolitical tensions. However, these challenges also present opportunities for advancements in sustainable farming practices and the development of more resilient lentil varieties.
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Furthermore, the expanding vegan and flexitarian populations globally offer a significant growth opportunity for the lentil market. Food manufacturers and processors are increasingly focusing on developing innovative lentil-based products to cater to this growing demographic, promising a dynamic expansion of the market in the years to come.
As we look towards 2032, the lentil market is set to continue its growth trajectory, supported by strong fundamentals, including health benefits, culinary versatility, and global dietary trends. Stakeholders in the agricultural, food processing, and health sectors are poised to benefit from the expanding market, ensuring that lentils remain a key player in the global food landscape.
Market Segmentation
The market can be divided based on production (variety), demand (mode of transport), and region.
Market Breakup by Production (Variety)
- Red
- Green
- Others
Market Breakup by 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 EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global lentil market. Some of the major players explored in the report by Expert Market Research 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
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