Lentil Market: Global Share, Size, Trends, Growth, Report and Forecast Till 2024- IMARC Group

Global Lentil Market Research Report and Forecast 2024

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Report Description Global Lentil Market Overview:

According to the latest report by IMARC Group, titled “Lentil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global lentil market size reached 6.3 Million Tons in 2018. Lentils, also known as Lens culinaris, are edible legume crops which are widely cultivated for food and feed production. They have a high content of iron, potassium, manganese and folate, and are low in fats and calories. The high protein content and low cost of lentils make them an indispensable food item in developing countries, particularly among vegetarians. They are also combined with cereals to prepare animal feed that provides a balance of essential amino acids and micronutrients such as iron, zinc and selenium. Moreover, a wide variety of lentils is available in the market, such as red lentils that have sweeter note and green or black lentils that impart a bit of a peppery flavor to the dish.

Lentil Market Trends Lentils are widely used in the Indian cuisine to prepare soups and stews, salads and side dishes. They represent the primary ingredient in dal; fermented crepes called dosa; and the spicy and crunchy papadum crackers.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

In Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

170.6

175.9

181.2

186.5

165.3

2020

2021

2022

2023

2024

The consumption of lentils also helps to repair muscle damage and improve stamina while training.

Looking forward, the market volume is projected to reach 8.4 Million Tons by 2024, growing at a CAGR of 4.8% during 2019-2024.

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Moreover, Nutrition International, a not-for-profit agency based in Canada, has partnered with the University of Saskatchewan, as a part of its Nutrition Leverage and Influence for Transformation (NLIFT) initiative, to produce iron-fortified lentils to help in improving the health and nutritional status of adolescent girls in Mymensingh District, Bangladesh. In western countries, lentils are associated with vegetarian cooking as a non-meat protein source. Apart from this, they are considered to be a balanced carb-protein food item and are widely used to replenish energy after a workout. As a result, the demand for lentils has increased among athletes and health-conscious consumers. Further, the market players are introducing gluten-free, organic lentil flour with a low-glycemic index.

Key Market Segmentation: Market Segmentation by End-Use • • •

Home Use Snack Food Industry Flour Industry

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Others

Based on the end use, the market has been segregated into home use, snack food industry, flour industry and others. Home use currently represents the largest end use segment, accounting for the majority of the global share.

Market Segmentation by Region • • • • • •

Canada India Australia Turkey Nepal Others

On the geographical front, Canada enjoys the leading position in the global market. It is followed by India, Australia, Turkey, Nepal and others.

Competitive Landscape:

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The competitive landscape of the market has also been examined with some of the key players.

Browse Related Report Yogurt Market Report: https://www.imarcgroup.com/yogurt-market Canola Oil Market Report: https://www.imarcgroup.com/canola-oil-market

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