The latest report by IMARC Group, titled "Lentil Market Report by End Use (Home Use, Snack Food Industry, Flour Industry, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the market. The global lentil market size reached 16.0 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 40.6 Million Tons by 2032, exhibiting a growth rate (CAGR) of 10.7% during 2024-2032.
Factors Affecting the Growth of the Lentil Industry:
Rising Health Awareness:
A key factor driving the lentil market is the enhanced management of customer experiences. Airlines and airports utilize analytics to gain deeper insights into customer preferences and behaviors, enabling them to tailor services and improve passenger satisfaction. By analyzing data collected from various touchpoints, such as booking platforms, onboard services, and post-flight feedback, carriers can identify areas needing improvement and opportunities to personalize the passenger experience. This focus on customer experience management helps airlines differentiate themselves in a competitive market, fostering loyalty and potentially increasing market share. Furthermore, analytics are used to streamline check-in processes, customize in-flight services, and predict and manage issues that might affect the customer experience, thereby enhancing overall satisfaction and operational efficiency.
Global Cuisine Influence:
The globalization of food cultures and cuisines plays a significant role in the expanding lentil market. Lentils are a staple in South Asian, Middle Eastern, and Mediterranean diets, known for their versatility and ability to absorb flavors, making them ideal for various dishes. As global cuisine becomes more accessible and popular worldwide, more people are experimenting with traditional dishes that use lentils, such as Indian dals, Middle Eastern salads, and European soups. This culinary exploration is supported by an increase in ethnic restaurants and food blogs that highlight easy-to-prepare, nutritious lentil-based recipes. Additionally, the rise of culinary tourism and cooking shows has also sparked interest in traditional and innovative lentil dishes, further promoting its usage among home cooks and professional chefs alike, thus driving market demand.
Sustainability and Environmental Factors:
Environmental sustainability is increasingly becoming a priority among consumers, influencing their food choices, including the preference for lentils. Lentils are recognized for their low water footprint and ability to fix nitrogen in the soil, which enhances soil fertility. This makes lentil cultivation a beneficial practice for sustainable agriculture, appealing to environmentally conscious consumers. Additionally, the shift towards organic and non-GMO food products has seen lentils gain popularity, as they are commonly grown under these conditions. The agricultural sector's push toward more sustainable crop rotations also frequently includes lentils, which can lead to better yields and reduced environmental impact. These environmental benefits, combined with the rising trend of sustainable eating, are significantly contributing to the growth of the global lentil market, as consumers increasingly opt for products that are not only good for their health but also for the planet.
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Leading Companies Operating in the Global Lentil Market
AGT Foods and Ingredients Inc.
BroadGrain Commodities Inc.
Adani Wilmar Private Limited
Cargill, Inc.
Solen Food Industry and Trade Inc.
Altunkaya Const. Naka. Food Trade. Inc.
Gourmet Foods of Australia Private Limited
Unigrain Pty Limited
Archer Daniels Midland (ADM) Co. Benson Quinn
Lentil Market Report Segmentation:
By End Use:
Home Use
Snack Food Industry
Flour Industry
Others
Home use dominates the market as lentils are recognized as a versatile and nutritious food ingredient, suitable for a variety of recipes and diets.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Canada’s dominance in the lentil market is attributed to favorable climate and soil conditions, which provide an optimal environment for growing various types of lentils.
Global Lentil Market Trends:
Lentils are considered an environmentally friendly crop due to their ability to fix nitrogen in the soil and their relatively low water and fertilizer requirements compared to other protein sources like meat. As sustainability becomes a more significant concern for consumers and businesses alike, lentils may see increased demand as a sustainable protein alternative. Besides, government policies, subsidies, and trade agreements are significantly influencing the lentil market. For example, changes in import/export tariffs or agricultural subsidies in major producing or consuming countries can affect prices and trade flows.
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