The global lentil market reached a volume of 11.3 Million Tons in 2020. Lentils are high-protein and high-fibre legume which grow in pods and their colours can range from red and brown to black. Additionally, lentils are an excellent source of fibres, vitamin A & B, potassium, iron, minerals, nutrients and complex carbohydrates. Owing to the presence of these nutrients, lentils can be used across various industries like batter and breading, bakery, beverages, meat, snack food industry, etc. Currently, lentil is largely consumed as a staple food of various South Asian regions such as India, Pakistan, Nepal, Sri Lanka and Bangladesh. In addition to this, lentils are gaining popularity across the globe as they offer numerous health benefits such as lowering the risk of cardiovascular diseases, controlling diabetes, preventing cancer, boosting metabolism and improving digestion. Looking forward, the analyst expects the global lentil market to exhibit strong growth during the forecast period (2021-2026).
Global Lentil Market Drivers: Lentil in its whole form has applications in taste and aroma enhancer products such as soups, sauces, dips, spreads, etc. Moreover, it is widely used in ready-to-eat food products which has contributed towards a propelling growth of the global lentil market.
There are a number of snack foods, batters, bakery products, etc., which are prepared by using the flour and fractions of split lentils. Besides this, owing to a long shelf life, lentils are being preferred by consumers around the world which is resulting in an escalated demand. Over the past few years, there has been a rise in health consciousness among consumers along with the awareness about the availability of organically produced lentils as a result of growing organised food retail sector. This has directly impacted the growth of the global lentils market.
At present, lentils are witnessing heightened demand particularly in emerging countries such as India, Turkey and Sri-Lanka on account of huge population growth, improving living standards and changing dietary patterns.
Regional Insights: On a geographical front, Canada represents the largest market for lentil, holding the majority of the share in the global lentil market. This growth can be mainly accredited to the fact that majority of lentil is produced in the region. Canada is followed by India, Australia, Turkey and Nepal.
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?
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