Press release
Lentil Protein Market Poised to Reach US$237.6 Mn by 2033, Growing at a 5.0% CAGR
The global lentil protein market is gaining significant traction as consumers increasingly prioritize plant-based diets and sustainable protein sources. Lentil protein, known for its high nutritional value and functional benefits, is emerging as a preferred choice among manufacturers of food, beverages, and dietary supplements. This report delves into the growth trajectory, key trends, and projections for the lentil protein market over the forecast period.
The global lentil protein market expanded at a compound annual growth rate (CAGR) of 6.9% between 2018 and 2022, culminating in a valuation of US$ 153.2 million in 2023. According to Persistence Market Research, the sales of lentil protein worldwide are forecasted to grow at a CAGR of 5.0%, reaching a market size of US$ 237.6 million by 2033. This growth is driven by escalating consumer demand for plant-based proteins, coupled with the rising adoption of lentil protein in diverse food applications.
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Key Growth Determinants
β’ Increasing Popularity of Plant-Based Diets
As health-conscious consumers move away from animal-based protein sources, lentil protein has gained favor due to its clean-label attributes, high digestibility, and nutritional benefits.
β’ Rising Demand for Protein-Enriched Products
Food and beverage manufacturers are incorporating lentil protein into protein bars, shakes, and snacks to cater to the growing need for fortified foods.
β’ Sustainability Considerations
Lentil cultivation is environmentally friendly, requiring less water and promoting soil health, making lentil protein a preferred choice for eco-conscious brands and consumers.
β’ Functional Benefits in Formulations
Lentil protein offers excellent emulsifying and gelling properties, enhancing its application in plant-based meat, bakery products, and non-dairy beverages.
Major Growth Barriers
β’ High Production Costs
The extraction and processing of lentil protein can be cost-intensive, impacting its affordability for end-use manufacturers.
β’ Allergenic Potential
Certain proteins found in lentils may pose allergenic risks, limiting their application in broader consumer markets.
β’ Competition from Alternative Proteins
The presence of established plant-based proteins, such as soy and pea protein, poses competitive challenges to the lentil protein market.
Key Trends and Opportunities to Look at
β’ Expansion into Non-Traditional Applications
Lentil protein is finding innovative applications in cosmetics, pet food, and pharmaceuticals, presenting untapped growth avenues for market players.
β’ Advances in Extraction Technologies
Technological innovations are improving the efficiency of protein extraction, making lentil protein production more cost-effective and scalable.
β’ Focus on Clean-Label Products
Increasing consumer demand for transparent ingredient labeling is driving the adoption of lentil protein in minimally processed food products.
β’ Geographic Expansion
Emerging markets in Asia-Pacific and Latin America are witnessing rising demand for lentil protein, fueled by changing dietary patterns and growing health awareness.
Regional Frontrunners
β’ North America
North America holds a dominant position in the lentil protein market, driven by strong consumer demand for plant-based foods and beverages.
β’ Europe
Europe follows closely, with lentil protein gaining popularity in vegan and vegetarian diets, particularly in Germany, the UK, and France.
β’ Asia-Pacific
The Asia-Pacific region is projected to witness robust growth, supported by rising disposable incomes, urbanization, and a shift toward healthier lifestyles.
β’ Latin America & Middle East Africa (LAMEA)
Growing awareness of the benefits of plant-based proteins is fueling demand in these regions, albeit from a smaller base.
Key Market Players
β’ AGT Food and Ingredients
β’ Ingredion Incorporated
β’ Cargill, Inc.
β’ The Scoular Company
β’ Parabel Nutrition Inc.
β’ Henry Broch Foods, Inc.
β’ Batory Foods
β’ Archer Daniels Midland Company (ADM)
⒠Roquette Frères
β’ Kerry Group
These players are focusing on product innovations, strategic collaborations, and geographic expansions to strengthen their market presence.
Lentil Protein Industry Research Segmentation
By Form:
β’ Isolates
β’ Concentrates
β’ Hydrolysates
By Nature:
β’ Organic
β’ Conventional
By Application:
β’ Food and Beverages
o Bakery & Confectionery
o Snacks & Cereals
o Meat Additives
o Beverages
o Others
β’ Infant Nutrition
β’ Pharmaceuticals
β’ Animal Feed
β’ Sports & Energy Nutrition
By Region:
β’ North America
β’ Latin America
β’ Europe
β’ South Asia & Pacific
β’ East Asia
β’ Middle East & Africa
Conclusion
The global lentil protein market is poised for steady growth, propelled by the rising popularity of plant-based diets, sustainability concerns, and advancements in extraction technologies. Despite challenges related to production costs and competition, the market offers significant opportunities in diverse applications and regions. Stakeholders must continue innovating and addressing barriers to capitalize on the evolving demand for lentil protein products.
More Related Article :
https://www.linkedin.com/pulse/rising-popularity-rock-candy-market-trend-apqvf/
https://www.linkedin.com/pulse/natural-food-preservatives-rising-demand-industry-h1luf/
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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