Lentil Market is Growing at a CAGR of 10.96% During 2023-2028 – Industry Outlook

March 23 02:45 2023
Lentil Market is Growing at a CAGR of 10.96% During 2023-2028 - Industry Outlook
Lentil Market Research Report by IMARC Group
The global lentil market size reached 14.2 Million Tons in 2022. Looking forward, the market expected to reach 26.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 10.96% during 2023-2028, driven by the rising number of people shifting toward vegan or vegetarian diets.

Lentils, also called lens culinaris, represent small, lens-shaped, and dried seeds obtained from the legume family that grows in pods. They are rich in fat, fiber, folate, thiamine, carbohydrates, protein, vitamins, minerals, potassium, copper, zinc, iron, and other essential nutrients. Lentils are associated with various health benefits, including lowering cholesterol, improving heart health, maintaining blood sugar levels, promoting weight loss, boosting energy, minimizing the risk of developing diabetes and cancer, etc. Consequently, they are extensively utilized in batter and breading, bakery, beverages, meat, snack food, etc., across the globe.

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Trends and Drivers in Global Lentil Market:

The growing demand for ready-to-eat (RTE) food products, on account of the inflating levels of urbanization, sedentary lifestyles, and the increasing expenditure capacities of individuals, is primarily driving the lentil market. Additionally, the rising need for healthy and clean eating, the elevating consumer health consciousness, and the expanding food and beverage (F&B) industry are further catalyzing the market growth.

Besides this, the widespread adoption of lentils in the preparation of gravies, sauces, salads, stews, soups, curries, spreads, etc., and the easy availability of these seeds via organized distribution channels, such as offline retail stores and online shopping channels, that provide doorstep delivery and secured payment methods are acting as significant growth-inducing factors.

Moreover, lentils comprise a balanced combination of carbohydrates and proteins that assist in replenishing energy after a workout, improving stamina, repairing muscle damage, etc., which is positively influencing the global market. Apart from this, the introduction of value-added organic product variants that have a low-glycemic index and are gluten-free is anticipated to fuel the lentil market over the forecasted period.

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Global Lentil Market Report Coverage and Industry Segmentation:

The report cover the below key market segments:

On the basis of End Use, the market includes:

    • Home Use
    • Snack Food Industry
    • Flour Industry
    • Others

Regional Insights:

    • Asia Pacific
    • Europe
    • North America
    • Middle East and Africa
    • Latin America

Also Read:- Top Lentil Brands

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, with detailed profiles of the key players operating in the industry.

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