Lentil Market growing at a CAGR of 4.9% from 2023 to 2031

Key Market Overview

Consegic Business Intelligence analyzes that the Lentil Market is predicted to grow at a compound annual growth rate of 4.9% from 2023 to 2031 and is expected to reach USD 33,370.73 million in 2031 and 22,677.99 million in 2023 which was valued at USD 21,750.00 million in 2022.

The report highlights the growing demand for plant-based protein substitutes, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Lentil Market.

Global Lentil Market By Overview

The lentil market is bifurcated into the type, product type, and distribution channel. Based on type, the market is segmented into brown lentil, green lentil, red lentil, black lentil, and others. In 2022, the brown lentil segment dominated in the overall lentil market. Based on the product type, the market is segmented into conventional and organic. In 2022, the conventional segment dominated the overall lentil market. Based on the distribution channel, the market is segmented into online and offline. In 2022, the offline segment dominated the overall lentil market.

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Market Dynamics

Driver:

Growing demand for convenience food is propelling the growth of the market.
Increased density of pollutants and irritants in the environment is influencing the market growth.

Restraints:

Increasing prevalence of disruption in supply chain between trading countries is restricting the growth of the market.

Market Segmentation:

Report Attributes	Report Details
By Type	Brown Lentil, Green Lentil, Red Lentils, Black Lentils, and Others
By Product Type	Conventional, and Organic
By Distribution Channel	Online (E-commerce Websites, Company Websites) and Offline (Supermarkets, Retail Stores, and Others)
By Region	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market is dominated by certain major companies such as Indica Agri International Pvt. Ltd, Sevan, Agro Rost, and Adascan Grain Corporation, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the lentil market is expected to witness substantial growth in the coming years due to increasing innovations in plant based protein substitutes lentil products in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.

AgroChimInvest LLC
ADM
Indica Agri International Pvt. Ltd
Sevan
Agro Rost
Adascan Grain Corporation
Hodmedod's British Wholefoods
Three Farmers
Komalika Farmer Producer Company Ltd.
Organic Products India
Lentiful
Baghel Agro Industries
ALBERTA PULSE GROWERS

Global Lentil Market growing at a CAGR of 4.9% from 2023 to 2031