Lentils, a rich source of protein, have seen increased interest among vegans, vegetarians, and health-conscious consumers, leading to rising consumption.
Lentils Market size is estimated to reach $40 Billion by 2030, growing at a CAGR of 3.1% during the forecast period 2023-2030. Lentils are a type of legume that is high in protein, fiber, and other nutrients. They are a popular food in many cultures around the world, and the global lentil market is expected to grow significantly in the coming years. Lentils find versatile applications in culinary creations such as soups, salads, stews, dips, casseroles, vegetarian dishes, and even baby food. Additionally, they serve as a key ingredient in flour production and are essential components in animal feeds. Lentils contribute to overall well-being by aiding in digestion, promoting cardiovascular health, stabilizing blood sugar, facilitating weight management, boosting immunity, sustaining energy levels, and improving skin health. The increasing market growth for ready-to-eat (RTE) food products is a result of several factors, including the rapid urbanization, sedentary lifestyles, and greater purchasing power of consumers. Furthermore, the market is being propelled by the growing trend towards healthier and cleaner eating habits, as well as the increasing health awareness among the general population.
Lentils Market Current and Future Trends
Lentils are a popular plant-based protein that is becoming more popular as more people adopt vegan and vegetarian diets. According to the FAO, Global lentil production increased by 14.2% in 2020, reflecting the growing demand for this nutritious and versatile ingredient.
lentil market is expected to grow steadily in the coming years, with Canada and India maintaining their dominance. In 2023, Canada accounted for 49% of the global lentil market, followed by India with 19%. These two countries are expected to continue to lead the market in the coming years.
According to the most recent USDA production estimates for 2023, the lentil harvest in the United States is projected to grow by 4% compared to the previous year, reaching 5.71 million hundredweight (cwt) or 259,000 metric tons (MT).
Educational campaigns about the environmental and health benefits of plant-based eating are making people more aware of the advantages of eating more plant-based foods. This is leading to a shift towards plant-based diets, which is making lentils an increasingly important part of modern cooking.
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Lentils Market Report – Scope:
- Lentils Market has been segmented By Type, Yellow and Red, Green, Brown. By Nature: Organic, Inorganic. By End User: Home Use, Snack Food Industry, Flour Industry, Retail Store, Others and Geography. The report provides insights into the market dynamics, including market drivers and challenges.
- Lentils Market with top country data and analysis. The report also highlights the market potential, growth rates, and alternative relevant statistics.
- The competitive landscape section features company profiles of major players such as AGT Food and Ingredients Inc, Broad Grain Commodities Inc. and Simpson Seeds Inc. This report is a valuable source of guidance and direction for companies and individuals interested in the market.
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The top 10 players in the Lentils industry are:
- AGT Food and Ingredients Inc
- BroadGrain Commodities Inc.
- Simpson Seeds Inc.
- Cargill
- Archer Daniels Midland Company
- Adani Wilmar Ltd.
- Eaternal Health & Organic Foods
- CAXA Srl
- Armada Foods
- Ingredion
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Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518-282-4727
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