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Reports > Agriculture > Lentil Market Report

Lentil Market Size, Share, Industry Trends and Forecast to 2033

This report provides an in-depth analysis of the lentil market, focusing on key insights, market size, growth trends, regional analysis, and future forecasts from 2023 to 2033. It covers essential data for stakeholders and industry players to navigate the lentil landscape effectively.

Metric Value
Study Period 2023 - 2033
2023 Market Size $12.50 Billion
CAGR (2023-2033) 5.8%
2033 Market Size $22.26 Billion
Top Companies Lentil Producers Association, Pulses, Inc., Greenway Grain & Trophic
Last Modified Date 15 Nov 2024

Lentil Market Report (2023 - 2033)

Lentil Market Overview

The lentil industry is characterized by its diverse range of product offerings, which include whole lentils, split lentils, and lentil-based products suitable for both food and non-food applications. The growing trend towards vegetarianism and the rise of the vegan population have opened new avenues for lentil products in food preparations. With a strong emphasis on sustainability, many farmers are adopting eco-friendly practices which not only enhances crop quality but also reduces the environmental impact. The industry is competitive with several key players investing in research and development, which propels innovations and improves crop resilience against climatic adversities.

What is the Market Size & CAGR of Lentil market in 2023?

In 2023, the global lentil market is estimated to be valued at approximately $19.91 billion. The compound annual growth rate (CAGR) for the period from 2023 to 2033 is projected to reach 6.5%, driven by rising consumption levels across various regions, particularly in Asia and North America. An increased focus on plant-based diets and the health benefits associated with lentils, including their role in disease prevention and weight management, are key factors influencing this growth. The potential for innovation in product types, such as lentil flour and ready-to-eat lentil meals, is also expected to contribute positively to market expansion.

Lentil Industry Analysis

The lentil industry is characterized by its diverse range of product offerings, which include whole lentils, split lentils, and lentil-based products suitable for both food and non-food applications. The growing trend towards vegetarianism and the rise of the vegan population have opened new avenues for lentil products in food preparations. With a strong emphasis on sustainability, many farmers are adopting eco-friendly practices which not only enhances crop quality but also reduces the environmental impact. The industry is competitive with several key players investing in research and development, which propels innovations and improves crop resilience against climatic adversities.

Lentil Market Segmentation and Scope

The lentil market can be segmented based on variety, application, processing method, and distribution channel. By variety, the market is mainly divided into green, red, black, and brown lentils, each having distinct culinary uses and nutritional profiles. The application segment includes food industry use, animal feed, and cosmetics. In terms of processing, lentils can be found in whole, split, and cooked forms. Distribution channels span supermarkets, online retail, and direct sales, highlighting the diverse purchasing preferences of consumers. This segmentation allows for targeted marketing strategies and product innovations tailored to specific consumer needs.

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Lentil Market Analysis Report by Region

Europe Lentil Market Report:

In Europe, the market size for lentils stands at $3.49 billion in 2023 and is anticipated to grow to $6.22 billion by 2033. The increasing preference for organic and locally sourced food products drives the demand for lentils. Countries like France and the UK are pivotal markets witnessing a rise in innovative lentil-based products, from snacks to ready meals.

Asia Pacific Lentil Market Report:

The Asia Pacific region is witnessing robust growth in the lentil market, valued at $2.42 billion in 2023 and projected to expand to $4.32 billion by 2033. Rising health awareness and dietary transitions toward plant-based proteins, particularly in countries like India and Australia, drive this growth. Increasing urbanization and a shift towards packaged lentil products further bolster market demand.

North America Lentil Market Report:

The North American lentil market is valued at approximately $4.64 billion in 2023, with expectations to rise to $8.27 billion by 2033. The region's strong trend towards vegetarianism and health initiatives emphasizing food sources rich in protein are key factors. The convenience of online shopping also enhances product accessibility, encouraging more consumers to include lentils in their diets.

South America Lentil Market Report:

In South America, the lentil market is valued at $0.57 billion in 2023, with a growth forecast of reaching $1.02 billion by 2033. The growing consciousness regarding health and nutrition among consumers has led to increased lentil consumption. Countries like Brazil and Argentina are at the forefront of this growing demand, supported by favorable agricultural conditions for lentil cultivation.

Middle East & Africa Lentil Market Report:

The Middle East and Africa lentil market is currently valued at $1.37 billion with projections to grow to $2.44 billion by 2033. The emphasis on dietary diversity and health is fostering growth, especially in urban areas. Nations like Egypt and South Africa are vital contributors to market expansion, supported by efforts to increase local lentil production.

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Lentil Market Analysis By Variety

Global Lentil Market, By Variety Market Analysis (2023 - 2033)

The market analysis by variety shows green lentils commanding the largest share at approximately $6.31 billion in 2023, with a forecast to grow to $11.25 billion by 2033. Red lentils follow with a current market value of $3.12 billion and expected growth to $5.55 billion. Black and brown lentils, while smaller in market share, are observing steady increases as consumers explore diverse culinary options.

Lentil Market Analysis By Application

Global Lentil Market, By Application Market Analysis (2023 - 2033)

The food industry holds the majority share, valued at $8.48 billion in 2023 and projected to reach $15.11 billion by 2033. Animal feed accounts for $2.94 billion and is expected to double, while cosmetics, though a smaller segment at $1.08 billion, is gaining traction due to the rise of natural ingredients in beauty and health products.

Lentil Market Analysis By Processing Method

Global Lentil Market, By Processing Method Market Analysis (2023 - 2033)

Whole lentils dominate the processing segment at $8.48 billion in 2023 and are anticipated to expand to $15.11 billion by 2033. Split lentils and cooked lentils constitute smaller markets, yet show significant growth driven by increasing convenience and ready-to-eat options appealing to busy consumers.

Lentil Market Analysis By Distribution Channel

Global Lentil Market, By Distribution Channel Market Analysis (2023 - 2033)

Distribution via supermarkets represents the largest segment, currently valued at $8.48 billion with a growth trajectory to $15.11 billion. Online retail is gaining momentum, valued at $2.94 billion with similar growth prospects, spurred by changing consumer purchasing habits favoring online shopping.

Lentil Market Analysis By Launch Trends

Global Lentil Market, By Launch Trends Market Analysis (2023 - 2033)

New product launches are paramount in the lentil industry, currently commanding a market size of $11.08 billion and projected to hit $19.74 billion. Focus on innovative packaging and pre-cooked lentil products is enhancing market penetration and consumer reach.

Lentil Market Trends and Future Forecast

Forecasts predict that the lentil market will continue to thrive, driven by growing health awareness, rising vegetarianism, and innovative product development. Key trends include an increasing preference for organic products, advancements in sustainable farming, and a surge in ready-to-eat lentil-based meals. Challenges such as climatic changes affecting crop yields and competition from alternative protein sources will need to be addressed to sustain growth. Overall, the market is set for substantial growth through 2033, with continued investment in R&D paving the way for new opportunities.

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Global Market Leaders and Top Companies in Lentil Industry

Lentil Producers Association:

A key player in promoting lentil farming practices and enhancing quality standards across the industry.

Pulses, Inc.:

Known for innovative lentil-based products, ranging from organic lentils to processed foods and snacks.

Greenway Grain & Trophic:

A significant distributor of lentils globally, with a diverse range of products aimed at both food and non-food sectors.

We're grateful to work with incredible clients.

Datasite
Agilent
Asten Johnson
Bio-Rad
Carl Zeiss
Dywidag
Illumina
LEK Consulting
Shell