Global Lentil Market Expected to Rise at 11.17% CAGR during 2022-2027
The global lentil market size reached 12.6 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 24 Million Tons by 2027, exhibiting at a CAGR of 11.17% during 2022-2027.
Lentils, also known as Lens culinaris, are consumed as a staple food in several countries across the globe. They are edible legume crops that are specially cultivated for both food and feed purposes. There are different types of lentils available in the market, such as black, green, and red lentils. They are rich in proteins, vitamins A & B, and minerals like manganese, iron, folate, and potassium.
Moreover, lentils have a low calorie and fat content and cost lesser than other food crops, due to which they are widely consumed by the vegetarian populations in the South Asian regions. Lentils also offer several health benefits, such as improved digestion, cancer prevention, low risk of cardiovascular diseases, and enhanced metabolism, owing to which they have gained popularity worldwide. 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.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Lentil Market Trends:
Lentils possess a balanced combination of carbohydrates and proteins that helps in replenishing energy after a workout, improving stamina, and repairing muscle damage. As a result, health-conscious individuals and athletes include lentils in their diet, thereby acting as one of the major growth-inducing factors. Besides this, lentils are extensively used in Indian cuisine to prepare a plethora of food items like dal, papad, dosa, salted crepes, soups, and side dishes. Moreover, they play a vital role in the daily meal of vegetarians and vegans as lentils are the major source of protein for them. A large number of consumers shifting toward a vegan and vegetarian diet has further aided in providing an impetus to the market growth. Furthermore, key players are adopting innovative techniques to attract more consumers by introducing organic lentil flour with a low-glycemic index, gluten-free, and non-GMO variants, thereby creating a positive outlook for the market.
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On the basis of the end use, the market has been divided into the snack food industry, home use, flour industry, and others. Currently, the home use segment holds the majority of the total market share.
Region-wise, the market has been classified into India, Canada, Turkey, Australia, Nepal, and Others. Amongst these, Canada represents the leading market for lentils.
The competitive landscape of the market has been analyzed in the report, with the detailed profiles of the key players operating in the market.
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