Press release
Lentil Market Size & Share Analysis - Industry Research Report ( 2023 - 2031 )
Lentil Market
Consegic Business Intelligence analyzes that the lentil market is growing with a CAGR of 4.9% during the forecast period (2023-2031), and the market is projected to be valued at USD 33,370.73 Million by 2031 and USD 22,677.99 Million in 2023 from USD 21,750.00 Million in 2022.
๐๐ฒ๐ป๐๐ถ๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐ ๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐ :
The global lentil market is experiencing significant growth, driven by increasing consumer awareness of their nutritional benefits and a global shift towards plant-based diets. Lentils are a rich source of protein, fiber, and essential nutrients, making them a popular choice for vegetarians, vegans, and health-conscious individuals. The name lentil is derived from the lens-shaped structure of the seed. As lentil belongs to the legume family, it has certain nutritional value.
๐๐ฒ๐ ๐๐ฟ๐ฒ๐ฒ ๐ฃ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ : https://www.consegicbusinessintelligence.com/request-sample/1376
๐๐ฒ๐ ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐ :
โข Lentil is considered as one of the popular convenience foods. The demand for convenience food has witnessed an upward surge, owing to the increasing number of working women across the globe.
โข The versatile and affordable characteristics of lentils make them a conveniently accessible form of high-quality protein.
โข The packaged lentil lasts for a longer duration compared to its counterpart. For instance, according to the data published by the Lentils Organization in 2023, packaged lentils last for up to 1 year and cooked lentils need to be used within 3 months, if frozen.
โข The busy and tight schedule of the working population is also influencing the growth of the lentil market. Lentils take less time to cook and do not have to be soaked before cooking, owing to their smaller size.
๐๐ฒ๐ ๐ฅ๐ฒ๐๐๐ฟ๐ฎ๐ถ๐ป๐๐ :
โข Price Fluctuations: Lentil prices can fluctuate significantly due to factors like weather conditions, crop yields, and global demand. This price volatility can impact both producers and consumers.
โข Limited Processing Infrastructure: In some regions, inadequate processing infrastructure can lead to post-harvest losses and hinder the efficient supply chain of lentils.
โข Competition from Other Protein Sources: Lentils compete with other plant-based protein sources like beans, peas, and soy products.
โข The increasing instances of conflicts between countries with respect to politics, environment, policies, and security subsequently lead to obstacles in supply chain activities.
โข The increased incidences of diplomatic tensions between countries lead to an indefinite scope for economic slowdown by affecting the business trade.
๐๐๐๐๐ฟ๐ฒ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ถ๐ฒ๐ :
โข Growing Demand for Plant-Based Foods: The global shift towards plant-based diets presents a significant opportunity for the lentil market.
โข Product Innovation: Developing innovative lentil-based products, such as lentil flours, protein powders, and ready-to-eat meals, can expand market reach and attract new consumers.
โข Functional Foods: Positioning lentils as functional foods with specific health benefits, such as improved gut health and reduced risk of chronic diseases, can enhance market demand.
โข Traditionally, meat is predominantly consumed as a source of protein. However, the growing shift in preference for plant-based protein alternatives is accelerating the demand for lentil in the market.
โข The expanding applications of lentil to develop healthy and nutritious alternatives in the snack and flour industry is expected to drive market growth over the forecast period.
๐๐ฐ๐ฐ๐ฒ๐๐ ๐๐๐น๐น ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.consegicbusinessintelligence.com/lentil-market
๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป :
The lentil market can be segmented based on:
โข Type: Red lentils, green lentils, yellow lentils, black lentils, etc.
โข Form: Whole, split, flour, etc.
โข Application: Food (soups, stews, salads, etc.), animal feed, etc.
โข Distribution Channel: Retail (supermarkets, grocery stores), foodservice, online, etc.
๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐ :
Major players in the global lentil market include:
โข Cereals Canada
โข Frontier Co-op
โข Key Nutrients
โข Legume Innovations
โข Dalrymple Bay Coal Terminal
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐๐ป๐ฎ๐น๐๐๐ถ๐ :
โข North America: A significant market for lentils, driven by increasing health consciousness and the growing popularity of plant-based diets.
โข Europe: A mature market with established consumer preferences for lentils.
โข Asia-Pacific: A rapidly growing market, fuelled by rising urbanization and changing dietary habits.
โข South America: A market with potential for growth, driven by increasing demand for protein-rich foods.
โข Middle East and Africa: A market with diverse consumption patterns and varying levels of market penetration.
โข In 2022, Asia Pacific accounted for the highest market share of 45.13% valued at USD 8,658.46 Million in 2022 and USD 8,658.46 Million in 2023 and is expected to reach USD 12,764.30 Million in 2031
๐ฅ๐ฒ๐ฐ๐ฒ๐ป๐ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐๐ :
Product Launches: Key players are introducing innovative lentil-based products to cater to evolving consumer preferences.
Investments in Research and Development: Companies are investing in research and development to improve lentil varieties, enhance processing technologies, and develop new applications.
Focus on Sustainability: Increasing emphasis on sustainable production practices, such as organic farming and water conservation, is gaining traction in the lentil market.
๐ข๐๐ต๐ฒ๐ฟ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ :
๐ก๐ฎ๐น๐ผ๐ ๐ผ๐ป๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - https://www.consegicbusinessintelligence.com/naloxone-market
๐ฃ๐ฒ๐ฟ๐๐ผ๐ป๐ฎ ๐น๐๐บ๐ฒ๐ฟ๐ด๐ฒ๐ป๐ฐ๐ ๐ฅ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ ๐ฆ๐๐๐๐ฒ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - https://www.consegicbusinessintelligence.com/personal-emergency-response-system-market
๐๐ ๐ข๐ฆ ๐๐บ๐ฎ๐ด๐ฒ ๐ฆ๐ฒ๐ป๐๐ผ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - https://www.consegicbusinessintelligence.com/cmos-image-sensor-market
๐ ๐ฒ๐บ๐ฏ๐ฟ๐ฎ๐ป๐ฒ ๐ฆ๐ฒ๐ฝ๐ฎ๐ฟ๐ฎ๐๐ถ๐ผ๐ป ๐ ๐ฎ๐๐ฒ๐ฟ๐ถ๐ฎ๐น๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - https://www.consegicbusinessintelligence.com/membrane-separation-materials-market
๐ ๐ฎ๐ด๐ป๐ฒ๐๐ถ๐ฐ ๐๐ถ๐ฒ๐น๐ฑ ๐ฆ๐ฒ๐ป๐๐ผ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - https://www.consegicbusinessintelligence.com/magnetic-field-sensor-market
๐๐ผ๐น๐ผ๐ด๐ฟ๐ฎ๐ฝ๐ต๐ถ๐ฐ ๐๐ถ๐๐ฝ๐น๐ฎ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - https://www.consegicbusinessintelligence.com/holographic-display-market
๐ ๐ฒ๐๐ฎ๐น ๐๐ผ๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - https://www.consegicbusinessintelligence.com/metal-hoses-market
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐๐:
Consegic Business intelligence Pvt Ltd.
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Contact no: (US) (505) 715-4344
Email: sales@consegicbusinessintelligence.com
๐๐ฏ๐ผ๐๐ ๐๐ :
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Specializing in market research, consulting, and competitive analysis, we deliver precise and holistic insights across global and regional markets. Our client-focused approach ensures customized solutions that drive growth and foster informed decision-making.
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