Global Lentil Market to Reach 40.6 Million Tons by 2032, Impelled by Increasing Awareness About Health Benefits Offered by the Product

August 05, 2019 | Food & Beverages

According to the latest report by IMARC Group, titled "Lentil Market Report by End Use (Home Use, Snack Food Industry, Flour Industry, and Others), and Region 2024-2032," the global lentil market size reached 16.0 Million Tons in 2023. A lentil is a type of legume that is widely used in cooking around the world. It is a small, flat, lens-shaped seed in various colors, including green, brown, red, and yellow. It is a staple food in many cultures and is known for its high nutritional value, affordability, and versatility. It is an excellent protein, fiber, iron, and other essential nutrient source. It is low in fat and calories, making it an ideal food for individuals looking to maintain a healthy weight. It is also rich in antioxidants, which help protect against chronic diseases such as cancer and heart disease. It is easy to cook and is used in many recipes, from soups and stews to salads and casseroles. It can also be mashed and used in vegetarian and vegan dishes as a meat substitute.

Global Lentil Market Trends:

The global market is primarily driven by the increasing demand for healthy and plant-based foods. In line with this, the growing popularity of plant-based diets is significantly contributing to market growth. Furthermore, the rising demand for healthy and nutrient-rich foods is positively influencing the market. Apart from this, the escalating awareness about the health benefits offered by lentils is catalyzing the market. Moreover, the growing demand for organic and non-GMO lentils and the increasing use of lentils in the food industry as a meat substitute are propelling the market. Besides, the key players are offering a wide range of products, including whole lentils, split lentils, and lentil flour, catering to different consumer preferences and needs. Additionally, they are also heavily investing in research and development activities to introduce new lentil-based products and promote the health benefits of lentils. This, in turn, is projected to provide a boost to the market. Some of the other factors driving the market include significant growth in the food and beverage (F&B) industry, the rising demand for ready-to-eat (RTE) food products, the increasing health consciousness among consumers, and inflating disposable incomes of individuals. On account of the factors above, the market is anticipated to reach 40.6 Million Tons by 2032, exhibiting a CAGR of 10.7% during 2024-2032.

Market Summary:

On the basis of the end use, the market has been categorized into home use, snack food industry, flour industry, and others. Among these, home use represents the largest segment.
On the basis of the region, the market has been divided into Canada, India, Australia, Turkey, Nepal, and others. Among these, Canada holds leading position in the market.
The competitive landscape of the market has been examined, with some of the key players being AGT Foods and Ingredients Inc., BroadGrain Commodities Inc., Adani Wilmar Private Limited, Cargill, Inc., Solen Food Industry and Trade Inc., Altunkaya Const. Naka. Food Trade. Inc., Gourmet Foods of Australia Private Limited, Unigrain Pty Limited and Archer Daniels Midland (ADM) Co. Benson Quinn.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Million Tons, US$ Billion
Segment Coverage	End Use, Country
Countries Covered	Canada, India, Australia, Turkey, Nepal, Others
Companies Covered	AGT Foods and Ingredients Inc., BroadGrain Commodities Inc., Adani Wilmar Private Limited, Cargill, Inc., Solen Food Industry and Trade Inc., Altunkaya Const. Naka. Food Trade. Inc., Gourmet Foods of Australia Private Limited, Unigrain Pty Limited and Archer Daniels Midland (ADM) Co. Benson Quinn
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Global Lentil Market to Reach 40.6 Million Tons by 2032, Impelled by Increasing Awareness About Health Benefits Offered by the Product

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