Lentil Protein Market: Global Industry Analysis and Forecast (2023-2029)

Lentil Protein's Market size was valued at US$ 123.01 Mn in 2022 and the total Lentil Protein revenue is expected to grow at 4.8% through 2022 to 2029, reaching nearly US$ 170.80 Million.
Lentil Protein Market Overview:
The lentil (Lens culinaris) is a legume (Fabaceae) family edible pulse. The seeds are lens-shaped and grow in flat pods that are short and thick. Lentils come in a variety of forms, sizes, and colours. Lentils are high in protein and fiber, with a low-fat level, Iron, vitamins, magnesium, potassium. They are a nutritious crop with a high protein and iron content, making them ideal for vegetarian diets. Lentil proteins are made from lentils that are rich in lysine, glutamic acid, arginine, and aspartic acid. Lentil is also high in important amino acids, which are difficult to come by in other plant-based protein sources. The presence of necessary amino acids improves the immune system's effectiveness and helps to avoid viral infections. Growing consumer awareness of protein-rich foods are driving up demand for plant protein and, as a result, the growth rate of various types of protein ingredients. To know about the Research Methodology :- Request Free Sample Report

In this report, the Lentil Protein market's growth reasons and the market's many segments (Product Type, Nature, End-use, and Region.) are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the wiring duct market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Lentil Protein market situation.
Lentil Protein Market Dynamics:
The lentil protein market is estimated to witness lucrative business owing to the increased demand for RTE (Ready-to-Eat) and gluten-free food items. The increased demand for plant-based protein alternatives is also driving the worldwide lentil protein market.

Lentil Protein Demand is Fueled by Growing Preference for Vegan and Protein-based Ingredients. Increased awareness of the environmental stress caused by livestock farming, growing concerns about animal welfare, and the growing propensity to include protein derived from plant-based sources in the diet are just a few of the factors driving the lentil protein market during the forecast period.

To achieve economies of scale, food processing companies are increasingly investing in product innovation, which involves the use of plant-based protein such as lentil protein, among other things. These strategic initiatives not only allow them to extend their product line but also allow them to expand their geographical presence, boosting the lentil protein market's growth over the forecast period.

Furthermore, Lentil includes sufficient amounts of iron to meet the body's iron requirements. Since consumers around the world are avoiding eating red meat, there is a rising interest in plant-based products, which is good for the Lentil Protein market's growth.

Consumers are seeking more cost-effective protein sources, which is expected to open new possibilities for the lentil protein market throughout the forecast period. However, the price of lentil flour is on the higher side as compared to protein isolates and concentrates, which may control the growth of the market during the forecast period.
Lentil Protein Market Segment Analysis:
By Product Type, the protein isolates segment dominates, accounting for 46.7 % of the market in 2022.
By Nature, the Organic segment is the dominant sector in the worldwide lentil protein market. In terms of market value, this segment is account for 79% of the market. Organic trends have gained in popularity, with an increasing number of consumers demanding organic food, and bakeries and baby food manufacturers referring with products that meet a organic food need. Organic cereals and their products are expected to grow in popularity. Therefore, the organic segment is expected to grow over the forecast period.By End-use, the lentil protein market has been divided into four categories based on end-use: food processing, animal feed, sports nutrition, and newborn nutrition. In terms of value, the food processing category has the largest market share, accounting for 70.5 % of the market in 2022.
Market Regional Insights:
The lentil protein market in North America is predicted to dominate, with a CAGR of 7% owing to the increased demand for healthy snacks among diet-conscious customers for canned lentils in the food processing industry. Therefore, the lentil market is expected to grow up during the forecast period.

Europe holds a minor market share because of a small consumer of lentils from a global perspective. Europe, less than 5% of global production is processed or consumed. The consumption of lentils in Europe is gradually growing owing to the increase in import and production of lentils. This increase is mainly due to an increase in the ethnic community's population, and it is also since more non-ethnic consumers now consider lentils to be a nutritious and healthy meal that should be included in a healthy balanced diet.

On a worldwide scale, Canada is the largest market for lentils, accounting for most of the global market share. This expansion may largely be attributed to the fact that the bulk of lentils is grown in the region. India, Australia, Turkey, and Nepal are the next countries on the list.

The objective of the report is to present a comprehensive analysis of the Lentil Protein market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps understand the Lentil Protein market dynamics and structure by analyzing the market segments and projecting the Lentil Protein market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Lentil Protein market make the report investor’s guide.
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Global Lentil Protein Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 123.01 Mn.


Forecast Period 2023 to 2029 CAGR:
4.8%
Market Size in 2029:
US $ 170.80 Mn.


 Segments Covered:
by Product type
Protein Isolates
Protein Concentrates
Flour


by Nature
Organic
Conventional


by End-use
Food processing
Animal feed
Sports nutrition
New born nutrition



Lentil Protein Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Lentil Protein Market Key Players
1. Lentil Protein Barbayanni
2. Lentil Protein of Plomari Isidoros Arvanitis
3. Thomopoulos Distillery
4. Gruppo Campari
5. Pitsiladi Distillates
6. Pernod Ricard
7. Barbayannis Aphrodite Lentil Protein
8. Pilavas
9. Metaxa Lentil Protein
10.Boutari Lentil Protein
11.Simply Hellenic Ltd
12.Distillery Winery of Thrace S.A.
13.Viglia Olives SA
14.Archer Daniels Midland Company
15.Cargill Inc.
16.Parabel USA Inc.
17.Henry Broch Foods
18.Biorefinery Solutions
19.AGT Food and Ingredients
20.Ingredion Inc.
21.AMCO Proteins
22.BI Nutraceuticals, Inc.
23.GEMEF Industries
24.Vestkorn Milling AS

FAQs:

1. What is the key driver of the Lentil Protein Market?
Ans. The lentil protein market is estimated to witness lucrative business owing to the increased demand for RTE (Ready-to-Eat) and gluten-free food items. The increased demand for plant-based protein alternatives is also driving the worldwide lentil protein market.

2. What is the restraint in Lentil Protein Market during the forecast period?
Ans. The price of lentil flour is on the higher side as compared to protein isolates and concentrates, which may control the growth of the market during the forecast period.

3. What is the projected market size & growth rate of the Lentil Protein Market?
Ans. Lentil Protein's Market size was valued at US$ 123.01 Mn in 2022 and the total Lentil Protein revenue is expected to grow at 4.8% through 2022 to 2029, reaching nearly US$ 170.80 Million.

4. What segments are covered in the Lentil Protein Market report?
Ans. The segments covered are By Nature, End-use, Product type, and Region.