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Lentil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global lentil market size reached 12.6 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 24 Million Tons by 2027, exhibiting at a CAGR of 11.17% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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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 for growth at the global and regional level from 2022-2027. Our report has categorized the market based on end use.

Breakup by End Use:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Million Tons, US$ Billion
Segment Coverage End Use, Country
Countries Covered Canada, India, Australia, Turkey, Nepal, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global lentil market performed so far and how will it perform in the coming years?
  • Who are the key regions in the global lentil market?
  • What has been the impact of COVID-19 on the global lentil market?
  • What are the key end use industries in the global lentil market?
  • What are the price trends of lentil?
  • What are the various stages in the value chain of the global lentil market?
  • What are the key driving factors and challenges in the global lentil market?
  • What is the structure of the global lentil market and who are the key players?
  • What is the degree of competition in the global lentil market?
  • What are the profit margins in the global lentil market?
  • What are the key requirements for setting up a lentil processing plant?
  • How lentil is processed?
  • What are the various unit operations involved in lentil processing plant?
  • What is the total size of land required for setting up a lentil processing plant?
  • What are the machinery requirements for setting up a lentil processing plant?
  • What are the raw material requirements for setting up a lentil processing plant?
  • What are the packaging requirements for lentil?
  • What are the transportation requirements for lentil?
  • What are the utility requirements for setting up a lentil processing plant?
  • What are the manpower requirements for setting up a lentil processing plant?
  • What are the infrastructure costs for setting up a lentil processing plant?
  • What are the capital costs for setting up a lentil processing plant?
  • What are the operating costs for setting up a lentil processing plant?
  • What will be the income and expenditures for lentil processing plant?
  • What is the time required to break-even?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Lentil Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends
   5.3    Impact of COVID-19
   5.4    Price Analysis
        5.4.1    Key Price Indicators
        5.4.2    Price Structure
        5.4.3    Price Trends
    5.5    Market Breakup by Region
    5.6    Market Breakup by End Use
    5.7    Market Forecast
    5.8    Imports and Exports
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Input Suppliers
        5.10.2    Farmers
        5.10.3    Collectors
        5.10.4    Processors
        5.10.5    Distributors
        5.10.6    Exporters
        5.10.7    Retailers
        5.10.8    End-Users
    5.11    Porter’s Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    Key Market Drivers and Success Factors
6   Performance of Key Regions
    6.1    Canada
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    India
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Australia
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Turkey
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Nepal
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by End Use
    7.1    Home Use
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Snack Food Industry
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Flour Industry
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Competitive Structure
9   Lentil Processing

    9.1    Product Overview
    9.2    Detailed Process Flow
    9.3    Various Types of Unit Operations Involved
    9.4    Mass Balance and Raw Material Requirements
10 Project Details, Requirements and Costs Involved
    10.1    Land Requirements and Expenditures
    10.2    Construction Requirements and Expenditures
    10.3    Plant Machinery
    10.4    Machinery Pictures
    10.5    Raw Material Requirements and Expenditures
    10.6    Raw Material and Final Product Pictures
    10.7    Packaging Requirements and Expenditures
    10.8    Transportation Requirements and Expenditures
    10.9    Utility Requirements and Expenditures
    10.10    Manpower Requirements and Expenditures
    10.11    Other Capital Investments
11 Loans and Financial Assistance
12 Project Economics

    12.1    Capital Cost of the Project
    12.2    Techno-Economic Parameters
    12.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    12.4    Taxation and Depreciation
    12.5    Income Projections
    12.6    Expenditure Projections
    12.7    Financial Analysis
    12.8    Profit Analysis

List of Figures

Figure 1: Global: Lentil Market: Major Drivers and Challenges
Figure 2: Global: Lentil Market: Volume Trends (in Million Tons), 2016-2021
Figure 3: Global: Lentil Market: Value Trends (in Billion US$), 2016-2021
Figure 4: Global: Lentil Market: Average Prices (in US$/Ton), 2016-2021
Figure 5: Lentil Market: Price Structure (US$/Ton)
Figure 6: Global: Lentil Market: Breakup by Region (in %), 2021
Figure 7: Global: Lentil Market: Breakup by End Use (in %), 2021
Figure 8: Global: Lentil Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 9: Global: Lentil Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 10: Global: Lentil Market: Export Volume Trends (in Tons)
Figure 11: Global: Lentil Market: Breakup by Export Volume (in %)
Figure 12: Global: Lentil Market: Import Volume Trends (in Tons)
Figure 13: Global: Lentil Market: Breakup by Import Volume (in %)
Figure 14: Global: Lentil Industry: SWOT Analysis
Figure 15: Global: Lentil Industry: Value Chain Analysis
Figure 16: Global: Lentil Industry: Porter’s Five Forces Analysis
Figure 17: Canada: Lentil Market (in ‘000 Tons), 2016 & 2021
Figure 18: Canada: Lentil Market Forecast (in ‘000 Tons), 2022-2027
Figure 19: India: Lentil Market (in ‘000 Tons), 2016 & 2021
Figure 20: India: Lentil Market Forecast (in ‘000 Tons), 2022-2027
Figure 21: Australia: Lentil Market (in ‘000 Tons), 2016 & 2021
Figure 22: Australia: Lentil Market Forecast (in ‘000 Tons), 2022-2027
Figure 23: Turkey: Lentil Market (in ‘000 Tons), 2016 & 2021
Figure 24: Turkey: Lentil Market Forecast (in ‘000 Tons), 2022-2027
Figure 25: Nepal: Lentil Market (in ‘000 Tons), 2016 & 2021
Figure 26: Nepal: Lentil Market Forecast (in ‘000 Tons), 2022-2027
Figure 27: Others: Lentil Market (in ‘000 Tons), 2016 & 2021
Figure 28: Others: Lentil Market Forecast (in ‘000 Tons), 2022-2027
Figure 29: Global: Lentil (in Home Use) Market (in ‘000 Tons), 2016 & 2021
Figure 30: Global: Lentil (in Home Use) Market Forecast (in ‘000 Tons), 2022-2027
Figure 31: Global: Lentil (in Snack Food Industry) Market (in ‘000 Tons), 2016 & 2021
Figure 32: Global: Lentil (in Snack Food Industry) Market Forecast (in ‘000 Tons), 2022-2027
Figure 33: Global: Lentil (in Flour Industry) Market (in ‘000 Tons), 2016 & 2021
Figure 34: Global: Lentil (in Flour Industry) Market Forecast (in ‘000 Tons), 2022-2027
Figure 35: Global: Lentil (in Other Industries) Market (in ‘000 Tons), 2016 & 2021
Figure 36: Global: Lentil (in Other Industries) Market Forecast (in ‘000 Tons), 2022-2027
Figure 37: Lentil Processing Plant: Detailed Process Flow
Figure 38: Lentil Processing: Conversion Rate of Feedstocks
Figure 39: Lentil Processing Plant: Breakup of Capital Costs (in %)
Figure 40: Lentil Industry: Profit Margins at Various Levels of the Supply Chain
Figure 41: Lentil Processing Plant: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Lentil Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Lentil Market Forecast: Breakup by Region (in ‘000 Tons), 2022-2027
Table 3: Global: Lentil Market Forecast: Breakup by End Use (in ‘000 Tons), 2022-2027
Table 4: Global: Lentil Market: Export Data of Major Countries
Table 5: Global: Lentil Market: Import Data of Major Countries
Table 6: Lentil Processing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Lentil Processing Plant: Costs Related to Civil Works (in US$)
Table 8: Lentil Processing Plant: Costs Related to Machinery (in US$)
Table 9: Lentil Processing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 10: Lentil Processing Plant: Costs Related to Salaries and Wages (in US$)
Table 11: Lentil Processing Plant: Costs Related to Other Capital Investments (in US$)
Table 12: Details of Financial Assistance Offered by Financial Institutions
Table 13: Lentil Processing Plant: Capital Costs (in US$)
Table 14: Lentil Processing Plant: Techno-Economic Parameters
Table 15: Lentil Processing Plant: Taxation and Depreciation (in US$)
Table 16: Lentil Processing Plant: Income Projections (in US$)
Table 17: Lentil Processing Plant: Expenditure Projections (in US$)
Table 18: Lentil Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$) 
Table 19: Lentil Processing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$) 
Table 20: Lentil Processing Plant: Profit and Loss Account (in US$)


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