Lentils are a part of the legume family, and considered to be a vital protein source. The protein and fiber content in lentils is high, and the fat content is low. The increasing awareness of protein-rich food products is leading to higher demand for plant protein, and subsequently growth rate of different types of protein ingredients. The consumer behavior pattern towards food consumption is changing, which is a vital factor fueling the growth of the lentil protein market. Lentil protein is an affordable and healthy plant-based protein.
The growing awareness regarding the benefits of vegan products over animal-based products in developed countries is leading to flourishing demand for lentil protein in developed countries. Consumers are seeking healthier and low-cost protein source alternatives, which improve their health. Other plant-based protein sources such as soy and wheat, are also suitable protein sources but these contain gluten and other harmful compounds, which may not be suitable for all consumers. The intolerance towards soy and protein sources and prohibition of animal protein in diets are among the prime factors, which are expected to influence the growth of the lentil protein market.
Growing Awareness of Nutritional Value and Benefits of Lentil Protein
Lentil proteins are extracted from lentils, which contain high amount of lysine, glutamic acid, arginine, and aspartic acid. Lentil is also an excellent source of essential amino acids, which are challenging to find in other plant-based protein sources. The presence of essential amino acids in lentil protein improve the functionality of the immune system and prevent different types of viral infections. Lentil also contains health beneficial lysine and arginine, which are considered to be suitable nutrition for those with active lifestyle. Furthermore, lentil protein contains sufficient amount of iron that can fulfill the requirement of iron in the body. Since consumers across the world are avoiding the consumption of red meat, the interest in plant-based products is growing, which is beneficial for the growth of lentil protein market.
Increasing Consumer Health Consciousness Driving the Demand for Lentil Protein
Health consciousness is becoming the prime objective for more number of consumers. Food products that contain synthetic colors and additives offer exciting tastes and flavors to food products but have a negative impact on the body for a long time. As consumers are becoming more aware of these additives and preservatives, they are opting for healthy food products, which can help them for maintaining good health. Most consumers are consuming functional foods, dietary supplements, and other nutritional substitutes. Prevention of chronic diseases is also a priority for consumers, which is influencing them towards the consumption of health beneficial food. Lentil protein is considered to be a vital source of nutrients such as protein, vitamins, carbohydrates, and others. It also possess disease protective properties. Developed regions such as Europe and North America are increasingly moving towards health consciousness as the consumer base in these regions has become very proactive. Since health consciousness is a leading trend among consumers, the demand for lentil protein is also growing across the world.
Lentil Protein Use in Meat Analogues
The negative publicity of animal-based products is influencing consumers to move towards meat analogs or meat substitutes. These products contain high amount of protein with the presence of essential amino acids, and help meet the daily protein intake demand. Sometimes the animal sources of protein are not able to provide all the essential dietary requirements, hence, consumers resort to vegan products to fulfil their dietary requirements. However, lentil protein comprises essential amino acids, which is why it is becoming a favorite substitute to meat products. Thus, the growing demand for meat analogues is also creating opportunities for the lentil protein market.
Lentil Protein Market: Introduction
The latest market report by PMR on the global lentil protein market evaluates the opportunities and current market scenario, and provides insights and updates about the corresponding segments involved in the global lentil protein market during the forecast period 2019-2029. The global lentil protein market report further exhibits the estimated data for 2019, and forecast data up to 2029 in the terms of value (US$ millions ) and volume (Tonnes). In terms of value, the global lentil protein market is expected to grow at a healthy CAGR of ~ 5% over the forecast period. The present study exhibits the trends and market dynamics of the lentil protein market in seven major regions - North America, Latin America, Europe, South Asia, East Asia, Oceania and the Middle East & Africa. The report also includes the study of the current issues with consumers, and various future opportunities for the lentil protein market.
Lentil Protein Market: Report Description
The report explores the global lentil protein market for the period 2019–2029. The primary objective of the global lentil protein market report is to provide insights into the opportunities in the market that are consistently supporting the transformation of global businesses associated with lentil protein. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate, in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global lentil protein market, and to discover equitable opportunities.
Yet another key feature of this report is that the estimation of the global lentil protein market and the corresponding revenue forecast are carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global lentil protein market.
The global lentil protein market report starts with an elaborate executive summary, market definition of various segmentations that are included, and their respective shares in the market. The report further incorporates the major macro and micro-economic factors that have an effect on the growth of the lentil protein market. The report also highlights various market dynamics, which include the drivers and restraints in the global lentil protein market. Current opportunities, as well as on-going trends in the lentil protein market are also discussed in this report. The report further underlines the study of the present issues with industrial processing, and opportunities for the lentil protein market. It also encompasses a supply chain analysis, which provides a structural view of the overall profitability from the manufacturer to the end user in the lentil protein market. In order to provide users with a clear view of the global lentil protein market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of lentil protein manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global lentil protein market attractiveness analysis by source, nature, form, end use, and region.
To evaluate the overall market size of lentil protein, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes on quantitative evaluation such as market shares by nature, product type, distribution channel, end use, and region. And other qualitative data from primary respondents, which has been consolidated to arrive at clear and accurate market estimations.
The volume data is validated by analyzing the global protein ingredients industry and the proportion of plant-based protein ingredients vs. animal-derived protein ingredients. After the analysis of plant-based protein ingredients, further scrutiny is done to identify types of pulse protein ingredients that are used in various applications, which helped us in understanding the market size of lentil-based protein in plant protein ingredients. In terms of protein content, purity, formulation, and other key characteristics, we have also identified hydrolyses, concentrates, and isolates. Our analysis is also validated by analyzing company-wise revenue of lentil protein manufacturers tracked as per the specific target regions and their operating segments. Historical and current revenue of relevant organized players in the lentil protein industry have been tracked for market analysis. Simultaneously, the total number of players operating in the market has been collected. Historical performance of lentil protein market was tracked along with the current demand and supply projections. Revenues of players were aggregated and also the contribution of small-scale operators was added to arrive at aggregated estimates.
Lentil Protein Market: Competition Analysis
Detailed profiles of companies that manufacture lentil protein are included in the report to analyze their developmental strategies, key product offerings, and recent developments. Significant companies in the global market include -
Lentil Protein Market: Segmentation
The subsequent sections analyze the global lentil protein market on the basis of nature, form, end use, and region to present a forecast for the period 2018–2028. The market is segmented as follows:
On the basis of nature, the global lentil protein market has been segmented as –
On the basis of form, the global lentil protein market has been segmented as –
On the basis of end use, the global lentil protein market has been segmented as –
On the basis of region, the global lentil protein market has been segmented as-
PMR Research Methodology
PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in this report. A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over 7 regions, i.e. Europe, East Asia, South Asia, Oceania, the Middle East and Africa, Latin America, and North America, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,