Lentil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Lentil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global lentil market size reached 14.2 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 26.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 10.96% during 2023-2028.

Lentils, also known as lens culinaris, are small, lens-shaped, dried seeds obtained from the legume family that grows in pods. They are rich in carbohydrates, protein, fat, fiber, folate, thiamine, vitamins, minerals, potassium, copper, zinc, iron, and other essential nutrients. They are associated with several health benefits, including improving heart health, lowering cholesterol levels, maintaining blood sugar levels, promoting weight loss, boosting energy, and minimizing the risk of developing diabetes and cancer. As a result, they find extensive application in batter and breading, bakery, beverages, meat, and snack foods.

Lentil Market Trends:
Lentil is used in the preparation of curries, gravies, sauces, salads, stews, soups, and spreads. This, in confluence with the thriving food and beverage (F&B) industry, represents one of the major factors bolstering the market growth. In addition, the escalating demand for ready-to-eat (RTE) food products on account of rapid urbanization, sedentary lifestyles, and expanding purchasing power of consumers are contributing to the market growth. Moreover, the rising inclination towards healthy and clean eating and the growing health consciousness among the masses is driving the market. It can also be attributed to the growing awareness about the health benefits of consuming lentils. Apart from this, key players are introducing value-added products, such as organic lentil flour with a low-glycemic index, gluten-free, and non-GMO variants. Besides this, there is a shift in consumer preference towards veganism and a vegetarian diet, which is increasing the consumption of lentils among individuals. Furthermore, the expansion of organized distribution channels, such as offline retail stores and online shopping channels that provide easy availability, a wide range of products supported by doorstep delivery and secured payment methods, is offering lucrative growth opportunities to manufacturers.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lentil market report, along with forecasts at the global and country level from 2023-2028. Our report has categorized the market based on end use.

Breakup by End Use:

Home Use
Snack Food Industry
Flour Industry
Others

Lentils find extensive application in home use.

Regional Insights:

Canada
India
Australia
Turkey
Nepal
Others

Canada holds the majority of the global lentil market share due to the increasing awareness among individuals about the health benefits of consuming lentil-based food products in the country.

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.

Key Questions Answered in This Report
1. What was the size of the global lentil market in 2022?
2. What is the expected growth rate of the global lentil market during 2023-2028?
3. What are the key factors driving the global lentil market?
4. What has been the impact of COVID-19 on the global lentil market?
5. What is the breakup of the global lentil market based on the end use?
6. What are the key regions in the global lentil market?