About Lentil Protein
The demographic changes coupled with growing consumer inclination toward a healthier lifestyle have played a key role in boosting the interest levels for lentil proteins. The lentil is an edible legume. Protein fortification helps in improving the nutritive profile of everyday food products giving them high-protein labels. Consumer preference for protein-rich products is rising because of the increasing incidence of lifestyle-related diseases and weight management. This will augur well for the market, creating scope for its expansion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 4.8% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lentil Protein market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ingredion (United States), Cargill (United States), AGT Food and Ingredients (United States), The Archer Daniels Midland (United States), Batory Foods (United States), Parabel (United States), Biorefinery Solutions (Netherlands), Henry Broch Foods (United States), BI Nutraceuticals (United States) and Vestkorn (Norway) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are GEMEF INDUSTRIES (France), Barentz (Netherlands) and AMCO Proteins (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lentil Protein market by Type (Organic Lentil Protein and Conventional Lentil Protein), Application (Food and Beverages [Bakery & Confectionery, Snacks & Cereals, Meat Additives, Beverages, Others], Infant Nutrition, Sports Nutrition, Pharmaceuticals, Animal Feed and Others) and Region.
On the basis of geography, the market of Lentil Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Form, the sub-segment i.e. Isolates will boost the Lentil Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online Sales Channel will boost the Lentil Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Veganism and Vegetarianism Lifestyle to Boost Botanicals Trend and Growing demand due to Snacking and On-the-go Trend is New Normal for Consumers
Market Growth Drivers:
Alternative Proteins are Gaining Share and Increasing Demand for Allergen-Free Natural Products
Challenges:
Stringent Government Regulation Regarding the Food Products
Restraints:
The price of lentil flour is on the higher side as compared to protein isolates and concentrates
Opportunities:
Lentil Protein Sees Lucrative Prospects as Emerging Nutraceutical Supplement in Sports Nutrition and Demand for Quality Livestock Feed Creates
Market Leaders and their expansionary development strategies
In March 2020, ADM expanded its production of non-GMO soy protein concentrate in the Netherlands. The aim behind the production expansion was to strengthen the production capacity of plant-based ingredients
In August 2019, the company Parabel USA Inc. (Vero Beach, FL) has launched a neutral-colored pure protein hydrolysate prepared from lentils (water lentils), and an allergen-free substitute for other plant proteins for instance soy and pea
Key Target Audience
Manufacturer, Distributors, Suppliers, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.