Global Lentil Market Share, Size, Price Trends, Outlook And Forecast To 2023

Lentil Market Growth Supported by Thriving Food Industry

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Lentil Market Growth Supported by Thriving Food Industry Lentil is a biconvex seed of the Lens culinaris plant which is a part of the legume family. It is an edible pulse which comes in different colours, sizes and tastes. Some of the popular types of lentil available in the market include black, red, brown and yellow. The history of lentil dates back to the 11,000 BCE, originating in the regions of East and Central Asia. Earlier, it was consumed along with its outer coating called husk, however, in the contemporary scenario, lentil is often consumed without the husk.

Today, lentil represents a staple food of various South Asian regions such as India, Pakistan, Nepal, Sri Lanka and Bangladesh. This is due to the fact that it is a rich source of several essential amino acids, such as lysine and isoleucine, which are vital for human body. In addition, lentil aids in retaining a healthy nervous system and preventing atherosclerosis. Some of the other health benefits include – lowering the risk of cardiovascular diseases, controlling diabetes, preventing cancer, boosting metabolism and improving digestion. According to research analysts at IMARC Group, the global market for lentils was worth a volume of 6 Million Tons in 2017. It is further projected to grow at a CAGR of 3.9% during 2018-2023, reaching a volume of 7.4 Million Tons by 2023.

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Consumers’ inclination towards healthier food products Due to changing lifestyles and rising health awareness, consumers are shifting towards healthy food products like lentil which is a good source of proteins, nutrition, iron, fiber, folate, thiamine, potassium, phosphorus, manganese, vitamins, carbohydrates, etc. In addition to this, factors such as rapid urbanisation coupled with rising consumers’ interest in international cuisines has led to the expansion of the food industry, thereby influencing the global demand for lentil. Moreover, as lentil is available at an affordable price, it is used in diverse applications across food and beverage industry. The flour and fractions of split lentils are used in the preparation of a number of snack foods, batters, bakery products, etc. Owing to this, the demand for lentil is experiencing a huge growth, particularly in the developing countries. Further, lentil is regarded as a easy-to-cook food product and its longer shelf life makes it a preferred choice among the consumers.

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Canada represents the largest market On a geographical front, the lentil market sustains a strong presence across the globe. Canada is the largest producer of lentil, holding a share of more than 30% of the global production. Since the 1980s, Saskatchewan which is the largest production region in Canada, encountered a tremendous growth owing to the consistent ongoing research on the new varieties. Canada is followed by India, Turkey, Australia and the United States. Based on import and export trends, Canada represents the leading exporter of lentil of the total global export volume. It is followed by Australia and the United States. Further, India is the biggest importer, accounting for around a quarter of the total import volume. Apart from India, some of the other major importers are Sri Lanka, Columbia, Pakistan, Egypt, Turkey, UAE, Iran, Bangladesh and Spain.

Browse Related Report Fava Beans Market: https://www.imarcgroup.com/fava-beans-market Pulses Market: https://www.imarcgroup.com/prefeasibility-report-on-a-pulse-processingplant

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