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Global Lentil Market – Production, Consumption, Export and Import Trends

04-12-2019 11:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Lentil Market Report 2019-2024

Lentil Market Report 2019-2024

Lentils are high-protein and high-fiber edible legumes that are widely cultivated across the Indian sub-continent, West Asia, and East and North Africa. They come in a wide variety of flavors, colors and sizes, and are chiefly used in the preparation of stews and soups. Lentils are a rich source of protein and complex carbohydrates owing to which they help in boosting the metabolism and burn body fat. Some of the most popular lentils available in the market include green, red, brown, puy, beluga and yellow. They are commonly consumed as a staple food in countries across North Africa and Asia, such as India, Nepal, Algeria and Morocco.

Request for a free sample copy of this report: https://www.imarcgroup.com/prefeasibility-report-lentil-processing-plant/requestsample

Lentils play a significant role in enhancing the overall health of the soil by providing various nutrients post-cultivation including nitrogen, carbon and organic matter. They also offer optimum human and animal nutrition such as maintaining a healthy nervous system and preventing atherosclerosis. Apart from this, lentils help in controlling diabetes, boosting metabolism, preventing cancer, improving digestion and lowering the risk of cardiovascular diseases. According to IMARC Group, the global lentil market reached a volume of 6.3 Million Tons in 2018. It is further projected to grow at a CAGR of 4.8% during 2019-2024, reaching the volume of 8.4 Million Tons by 2024.

Production Trends

Lentils are well adapted to various soil types and are considered a drought-resistant crop. This makes it possible for these crops to be harvested widely across the globe. However, they are majorly produced in Canada, Turkey, the United States, China, India, Australia, Nepal and Ethiopia at present. Unlike countries in North America and Asia, production in Ethiopia differs from region to region on account of varied environment and biotic factors. In this region, lentils are categorized as cash crops which attract higher prices than other cereals and pulses.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/prefeasibility-report-lentil-processing-plant

Consumption Trends

Over the past few years, due to rapid population growth, changing dietary habits and improving living standards, various emerging countries like India, Turkey and Sri-Lanka have reported a rise in the intake of lentils. In these regions, the legume is mostly obtained from retail stores for direct human consumption. Other than this, they are also used in the snack food industry for preparing soups, stews and ready-to-eat food items.

Export and Import Trends

It has been noted that more than half of the global lentil production is consumed locally, whereas the rest is exported to other countries. Currently, Canada, Turkey, Australia, and the United States are some of the countries with the largest export volumes. On the other hand, Bangladesh, Sri Lanka, Egypt and Colombia are the biggest importers across the globe.

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the lentil industry, which has enabled the clients to successfully setup and expand their businesses. Some of the company’s offerings include:
• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development

Explore Food & Beverage Market Research Reports: https://www.imarcgroup.com/categories/food-beverages-market-reports

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: https://www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

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